World Bank: “We don’t do nuclear energy.”

More evidence that the economics of nuclear power just do not make sense.

The Australian Financial Review reported today:

The World Bank and United Nations have appealed for billions of dollars to provide electricity for the poorest nations but say there will be no investment in nuclear power.

“We don’t do nuclear energy,” said World Bank president Jim Yong Kim on Wednesday, as he and UN leader Ban Ki-moon outlined efforts to make sure all people have access to electricity by 2030.

The AFR elaborated:

Kim said the World Bank is preparing energy plans for 42 countries that would be ready in June, but said any money raised would only go to new power sources.

“Nuclear power from country to country is an extremely political issue,” Kim told reporters.

“The World Bank Group does not engage in providing support for nuclear power. We think that this is an extremely difficult conversation that every country is continuing to have.

“And because we are really not in that business our focus is on finding ways of working in hydro electric power in geo-thermal, in solar, in wind,” he said.

“We are really focusing on increasing investment in those modalities and we don’t do nuclear energy.”

The article concluded:

The World Bank chief said it had been difficult to find long term capital for poorer countries but insisted: “We will show investors that sustainable energy is an opportunity they cannot afford to miss.”

Here’s a link: http://www.afr.com/p/world/world_bank_un_say_no_money_for_nuclear_ZiVujw0i7qdocX2BJqJh9J

 

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About Robert Singleton

By day, I work for a call center. In my spare time, I try to save my hometown (and planet) from a nearly constant onslaught of greedheads, lunatics and land developers. I live in a fictional town called Austin, Texas, where I go to way too many meetings.
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