Nuclear Waste Disposal Fund

The fund is organised as a trust and falls into the remit of the Federal Ministry for Economic Affairs and Energy.

Power plant operators were made responsible for the dismantling and disposal of the resulting nuclear waste.

To address concerns that the disposal of nuclear waste may be dependent on the financial stability of those operators, the long-term financial responsibility was shifted to a trust fund managed by a federal government agency - the "nuclear fund" (German: "Atomfonds").

The selection of the investment instruments of this first German sovereign wealth fund are based on sustainability criteria and must be in line with Environment Social Governance.

The remaining assets were held as cash with the Bundesbank which resulted in a loss of €70 million in the funds first year due to the negative interest environment.