IAEA chief pushes development banks to fund new nuclear energy projects

International Atomic Energy Agency chief Rafael Grossi has asked global development banks and their government shareholders to fund new nuclear energy projects, stating that failing to do so could delay the energy transition.
The U.N. nuclear watchdog chief told the Financial Times in an interview that lack of funding for emissions-free nuclear energy by multilateral lenders such as the World Bank and Asian Development Bank was “out of step” with the wishes of most of their shareholders, adding that there has been a “sea-change” in the outlook on nuclear power due to the climate crisis and the war in Ukraine.
World leaders will attend a “first-of-its-kind” nuclear energy summit in Brussels later this month where they are expected to discuss how to overcome opposition from a small number of nations such as Germany to using development banks to fund nuclear projects, Grossi told FT.