Nuclear Energy, a Costly Trap

The President of the World Bank, Ajay Banga, lifted the ban on nuclear finance in June 2025. Now, the door is open for governments to ask for the Bank’s support to finance nuclear energy. It seems the pressure by 22 countries who pledged to triple global nuclear capacity by 2050 has succeeded. The Asian Development Bank (ADB) is also embarking on this costly path, and other multilateral development banks (MDBs) could follow. But this nuclear surge is a mistake.