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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. From a report: In an email to staff on Wednesday, Ajay Banga, the World Bank pre...
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. 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. It is part of a wider strategy aimed at tackling an expected doubling of electricity demand in the developing world by 2035.
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