Banks Unwilling To Finance $5 Trillion Global Nuclear Development

“The project risks, as we have seen in reality, seem to be very high,” said European Investment Bank Vice President Thomas Ostros, adding that countries need to focus more on renewables and energy efficiency. Ines Rocha, a director at the European Bank of Reconstruction and Development, and Fernando Cubillos, a banker at the Development Bank of Latin America, concurred, saying their lending priorities lean toward renewables and transmission grids. “Nuclear comes last,” Cubillos said.”

Is this the start of the central banks realising that economic growth is no longer possible?

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