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Getting climate, energy & environment news right.

UN nuclear watchdog head urges development banks to fund new projects

Jamie Smyth and Sarah White of The Financial Times report on financing for new nuclear projects.

The C3 Take
  • Governments are targeting a build out of nuclear power to reduce emissions and increase the supply of reliable, clean power.
  • While encouraging, lending practices at institutions like the World Bank, which has not historically financed nuclear power, could slow down development.
  • Nuclear power is clean, safe, and reliable and should be given opportunities to receive funding.

“The Asian Development Bank does not finance investment in nuclear energy, citing barriers to deployment including low public acceptance, risks related to nuclear proliferation, safety issues and high investment costs, according to a 2021 review.”

Read more here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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