The World Bank resumes the financing of nuclear energy projects for the first time in decades economy

The World Bank will resume support for nuclear energy generation projects for the first time in decades, according to its president, Ajay Banga, to the institution’s employees.

Banga said – in his e -mail – that support will include “efforts to expand a scope Nuclear reactors Current in the countries you possess, improve networks and infrastructure. We will also accelerate the potential of small nuclear nuclear reactors, which will provide a practical option for more countries in the long run. “

To achieve this goal, the bank will enter into a “partnership” with International Atomic Energy Agency “To enhance our ability to advise on notice guarantees, safety and organizational framework,” according to Panga.

He did not specify a president World Bank The amounts that can be allocated to these projects.

And at the end of last April, the Director General of the International Atomic Energy Agency, Rafael Gross X platform– By conducting a “constructive dialogue with the World Bank” on this issue, stressing that “financing is necessary”, and that its organization “is ready to support” the World Bank in the event of a change in its approach to this issue.

Washington Dc, USA - March 4, 2017: World Bank Group Sign on Building Exterior Adobe Stock
The World Bank will resume financing nuclear energy projects driven by demand for electricity (Adobe Stock)

The demand for electricity

The financial institution -which is taken from Washington Its headquarters- a goal represented in linking more than 300 million people to electricity networks during the next decade, and sees this as a necessity in its war on poverty, which is its basic mission.

However, Ajay Banga pointed out, “The demand for electricity will increase more than twice in developing countries by 2035”, which requires raising financing for energy networks from $ 280 billion annually to $ 630 billion annually during a contract.

After declining after the Fukushima disaster in Japan in 2011, attention is renewed With nuclear energy The world, especially due to the enormous energy needs in digital technology, with the development artificial intelligence.

In the United States, many giant digital technology companies are studying to provide small nuclear nuclear reactors to operate their databases that are largely consumed with the use of artificial intelligence.

On a wider scale, several countries -the most prominent of which are France And the United Kingdom Indonesia- in recent months of building new nuclear reactors, it sees it as a low-carbon solution to meet its increasing electricity needs.

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