The head of the UN’s nuclear watchdog has called on global development banks and their government shareholders to fund new projects, warning that a failure to do so could delay the energy transition.
Rafael Grossi, director-general of the International Atomic Energy Agency, told the Financial Times that a 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.
He said there had been a “sea-change” in attitudes to nuclear power due to the climate crisis and the Russia-Ukraine war, which propelled energy security to the top of policymakers’ priority lists.
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