Switzerland votes against speedy exit from nuclear energy 
Monday, November 28, 2016 at 07:27PM
Uranium Stocks

The plan promoted by the Green party would have meant closing three of Switzerland’s five nuclear plants next year.

BERLIN—Swiss voters rejected a plan to accelerate the country’s exit from nuclear energy in a referendum Sunday, turning down an initiative that would have forced their government to shut the last plant in 2029.

The plan promoted by the Green party would have meant closing three of Switzerland’s five nuclear plants next year. Polls ahead of the referendum had shown a tight race, but voters shot down the initiative by 54.2 per cent to 45.8 per cent.

Under Switzerland’s direct democracy system, proposals need support from both a majority of the country’s cantons and of the national vote to pass. Only six of Switzerland’s 26 states backed the nuclear shutdown plan.

After the Fukushima nuclear disaster in Japan, the Swiss government adopted a gradualist approach toward transitioning the country to renewable energy by 2050.

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