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Asian Development Bank considers lifting funding ban for nuclear power projects

Shift comes as stakeholders Japan and Germany pivot on atomic energy to meet growing electricity demand

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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