1 May 2025
The World Bank is considering a major policy change to include nuclear energy in its lending portfolio, a move led by President Ajay Banga. This initiative supports an “all-of-the-above” energy strategy, allowing nuclear power where suitable. The proposal will be reviewed by the executive board in June 2025. It reflects growing international support for broader energy financing to meet development and climate goals.
At the World Bank’s Spring Meetings, Elisabeth Svantesson, Chair of the Development Committee and Sweden’s Finance Minister, urged the Bank to consider nuclear energy under its Mission 300 initiative, which aims to provide energy access to 300 million Africans by 2030. France and the U.S. also backed the idea. France’s Economy Minister Eric Lombard emphasized nuclear energy’s role in achieving climate targets, while U.S. Treasury Secretary Scott Bessent highlighted its importance for energy security and economic growth.
The Development Committee, a key advisory body of the World Bank and IMF, will help shape this strategic direction. If approved, the policy could significantly impact clean energy access in developing nations, marking a turning point in global energy financing.
To read more, click: World Bank looking into support for nuclear energy - World Nuclear News