Article
Source: Foreign Affairs
Article
01.12.23
In a recent article published by Foreign Affairs, Energy partner Jeff Merrifield and co-author DJ Nordquist discuss the International Energy Agency’s (IEA) revised energy outlook, the financing of large energy projects around the world, how to truly reach net zero by 2050 and more—all of which tie back to one solution: doubling nuclear energy capacity.
One key hurdle, according to the authors, is that the world’s largest multilateral green energy financier, the World Bank, has refused to finance or co-finance nuclear projects.
“This self-imposed policy means that energy-hungry, developing countries have had to turn to authoritarian regimes for the financing and technology needed to build nuclear power plants,” the author’s stated in their opinion piece. “It is time for the bank to reverse this outdated, counterproductive policy, especially given its focus on climate change mitigation.”
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