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Thursday
Dec052013

WORLD BANK: "we don't do nuclear energy"

“We don’t do nuclear energy” was the categorical pronouncement made this week by the president of the World Bank, Jim Yong Kim. The World Bank says it will not fund nuclear power instead giving development money to sustainable energy projects.

Kim and UN leader Ban Ki-moon outlined efforts to ensure all people have access to electricity by 2030.  The announcement roundly contradicts a favorite sound bite of the Pandora’s Promise promoters who insist nuclear energy is the only hope to electrify the Third World. 

Pointing out that nuclear is an "extremely political issue," Kim stated that the bank would look only at new technologies, including solar, wind and geothermal energy. “We will show investors that sustainable energy is an opportunity they cannot afford to miss,” he said. Full story