US Edition
World Bank to end ban on nuclear energy projects, still debating upstream gas
- On Wednesday, the World Bank ended its long-standing policy that had prevented it from providing financial support for nuclear power initiatives in developing nations, a restriction that had been in effect since 2013.
- The decision followed shifting global attitudes favoring nuclear power amid growing electricity demand and climate commitments, despite past safety concerns like Fukushima in 2011.
- The move aims to support costly nuclear projects that developing countries seek for reliable, low-emission energy, potentially opening new markets amid competition from Russia and China.
- World Bank President Ajay Banga acknowledged the challenges involved but emphasized that significant advancements have been achieved in establishing a definitive strategy for using electricity to promote development, demonstrating the bank’s practical stance.
- This policy shift could accelerate nuclear investments worldwide, helping countries industrialize cleanly and signaling to other financial institutions to reconsider support for nuclear power.
Insights by Ground AI
Does this summary seem wrong?
60 Articles
60 Articles
All
Left
3
Center
10
Right
10
World Bank joins $2.13 billion blended finance package for Indonesia
JAKARTA : The World Bank has approved two investments involving a total blended finance package of $2.13 billion to boost economic growth and improve clean energy access across Indonesia, the multinational lender said in a statement on Monday.
·Singapore
Read Full Article
Nuclear Energy Back On The Table As World Bank Lifts Funding Freeze - District Metals (OTC:DMXCF)
The World Bank lifts ban on nuclear energy funding in developing countries, citing demand for low-emission energy and countries' right to determine their own energy mix. US hopes to gain competitive edge in exports and deployment.
·New York, United States
Read Full Article
The World Bank wants to re-engage in the financing of nuclear power.
·Germany
Read Full ArticleCoverage Details
Total News Sources60
Leaning Left3Leaning Right10Center10Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
13%
C 43%
R 43%
Factuality
To view factuality data please Upgrade to Premium
