The Asian Development Bank is reviewing whether to lift a ban on funding nuclear power projects to help meet a surge in demand for energy across the region.
The talks between officials at Asia’s largest multilateral lender and government stakeholders reflect growing support for the emissions-free energy source among global policymakers as they search for solutions to meet fast-rising electricity demands and climate commitments.
It follows a decision by the board of the World Bank last week to remove its decades-long prohibition on funding nuclear energy as well as policy shifts on nuclear energy from critical shareholders Japan and Germany.
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