nuclear-news

World Bank lifts ban on funding nuclear energy in boost to industry. 

The World Bank is lifting its decades-long ban on financing nuclear
energy, in a policy shift aimed at accelerating development of the
low-emissions technology to meet surging electricity demand in the
developing world. In an email to staff on Wednesday, Ajay Banga, the World
Bank president, said it would “begin to re-enter the nuclear energy
space” in partnership with the International Atomic Energy Agency, the UN
nuclear watchdog which works to prevent proliferation of nuclear weapons.
“We will support efforts to extend the life of existing reactors in
countries that already have them, and help support grid upgrades and
related infrastructure,” the email said.

The shift follows advocacy from
the pro-nuclear Trump administration and a change of government in Germany,
which previously opposed financing atomic energy due to domestic political
opposition to the technology.

 FT 11th June 2025, https://www.ft.com/content/d80b68ec-3da8-42ea-82ee-4cab22b31a69

June 14, 2025 - Posted by Christina Macpherson | Uncategorized