Wow! The nuclear lobby comes up with a new plan “to compel governments to make difficult decisions”

The solution that we have created – the creation of a multilateral bank that will support nuclear investment and nuclear infrastructure all across the world – is a needed tool to achieve these objectives.
The proposed International Bank for Nuclear Infrastructure (IBNI)will be based on the same model as the World Bank, European Bank for Reconstruction and Development and the Asian Development Bank, among others.
“What a multilateral can do, through the establishment, adoption and enforcement of country-level agreements, is compel governments to make the politically-difficult decisions.
Financing issues for nuclear under the spotlight
World Nuclear News, 09 September 2022 The financing of nuclear projects under current mechanisms faces many challenges, panelists at World Nuclear Symposium agreed. However, plans for a new multilateral bank specifically for nuclear infrastructure could help projects move forward.
I think we all share a vision that nuclear needs to play a major role in the attainment of [energy security, sustainable development, climate targets] policy objectives,” said Daniel Dean, chair of the International Bank for Nuclear Infrastructure (IBNI) Implementation Organisation Strategic Advisory Group.
“The more we make nuclear accessible, financeable and achievable in countries throughout the world, the more that nuclear will be considered as a viable option to achieve those carbon transition objectives. But we are talking about multiple trillions of dollars of investment to achieve this vision. That is a problem given the existing financing mechanisms, the existing commercial structures being utilised to deliver nuclear projects.
George Borovas, partner and head of nuclear at law firm Hunton Andrews Kurth, who chaired the session, said the financing of nuclear projects is “an issue that is dear to my heart”. He said he has seen many such projects fail because of a lack of the right financial solutions……… You have to think about the financing solution up front.”
“General issues of public acceptance, reputational risk, potential controversies inevitably makes a lot of banks nervous, or at least cautious, about engaging with nuclear,” said Mark Muldowney of BNP Paribas…………..

Dean said nuclear must been considered from an Environmental, Social and Governance (ESG) perspective as an investor.
“We need to establish a better basis for the ESG status of nuclear and its role in terms of net-zero and its role in energy security,” he said. “That’s important as that will start to aggregate stability and actually say that nuclear is something that collectively financiers want to finance.”
what you need for that assessment is for industry collectively to put together the case why nuclear makes sense – from a policy point of view that’s the government’s domain
Dean said it is not just a financing issue. “It is a multidimensional problem that needs a multidimensional solution. The solution that we have created – the creation of a multilateral bank that will support nuclear investment and nuclear infrastructure all across the world – is a needed tool to achieve these objectives.
…………………… The proposed IBNI will be based on the same model as the World Bank, European Bank for Reconstruction and Development and the Asian Development Bank, among others.
“What a multilateral can do, through the establishment, adoption and enforcement of country-level agreements, is compel governments to make the politically-difficult decisions. https://world-nuclear-news.org/Articles/Financing-issues-for-nuclear-under-the-spotlight
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