Nuclear energy is the key to making climate commitments work and will play a critical role in meeting the Biden Administration's ambitious climate goals, Nuclear Energy Institute President and CEO Maria Korsnick told the organisation's annual State of the Nuclear Energy Industry event yesterday.
Energy & Environment 24 March 2021
Leonardo Mendes Cabral, director of privatisations at Brazil's National Bank for Economic and Social Development, says he expects a financing arrangement to finish unit 3 of the Angra nuclear power plant will be ready by the end of next year. BNDES is one of the biggest providers of financing for infrastructure projects in Brazil, and also played a role in financing nuclear energy in the past.
Energy & Environment 22 March 2021
Political wrangling over the classification of nuclear energy in taxonomies contradicts the low-carbon ambition of the Paris Agreement, Philippe Knoche, CEO of Orano, said last week during World Nuclear Association's Strategic eForum on Sustainable Finance. Knoche was joined on the panel by representatives of the International Monetary Fund, Rothschild & Co, Brazil's National Bank for Economic and Social Development, Banque de France and the Network for Greening the Financial System, who all said investment in new nuclear projects requires political consensus that is currently absent from some debates on sustainable finance.
Energy & Environment 23 March 2021