It is necessary for the world to achieve net zero greenhouse gas emissions (Net Zero) by 2050 in order to mitigate the most harmful impacts of global climate change. The world's energy generation sector will play a dominating role in enabling the world to achieve Sustainable Net Zero by 2050. Nuclear's primacy role in 2050 Net Zero is a
It is necessary for the world to achieve net zero greenhouse gas emissions (Net Zero) by 2050 in order to mitigate the most harmful impacts of global climate change. The world's energy generation sector will play a dominating role in enabling the world to achieve Sustainable Net Zero by 2050. Nuclear's primacy role in 2050 Net Zero is also closely aligned with complimentary global policy objectives, including Just Energy Transition, Sustainable Decarbonization and Global Energy Security.
Affordable, low carbon, safe and reliable nuclear energy is a necessary and significant component of the World's collective pathway to reach Net Zero by 2050 in the most sustainable manner. Pursuit of decarbonization through nuclear generation is a sovereign decision. All nations of the world should have access to the responsible and pe
Affordable, low carbon, safe and reliable nuclear energy is a necessary and significant component of the World's collective pathway to reach Net Zero by 2050 in the most sustainable manner. Pursuit of decarbonization through nuclear generation is a sovereign decision. All nations of the world should have access to the responsible and peaceful use of affordable, safe and reliable low carbon nuclear energy.
IBNI is necessary to support a significant investment and expansion of the world's nuclear energy capacities in the most sustainable manner beginning now. IBNI will support large-scale global investment in both today's commercially proven generation technologies as well as tomorrow's Advanced Reactors (ARs) and Small Modular Reactors (SMR) and other emerging nuclear technologies.
Each nation of the world needs to address the question of how their country is going to achieve Net Zero by 2050 and achieve complimentary policy objectives. Whether a nation chooses nuclear energy as part of their strategies and policies to achieve Net Zero is a sovereign decision. IBNI's programs will support those nations that choose to develop or expand their nuclear energy programs as cornerstone element of decarbonization policies.
The required decarbonization of the world's infrastructure and economic systems will require a very significant increase in low-carbon electricity generation over the next 30 years. Many nations of the world have already chosen; and it is predictable that many more will choose nuclear energy as a major component of their respective low carbon generation mixes in order to meet escalating demand for clean energy generation. There are already 32 nations producing nuclear energy and many countries are also now in the planning stages to add nuclear as part of their future generation mix.
However, if we are collectively going to achieve a Sustainable and Secure Net Zero World by 2050, the nations of the world will need to significantly expand nuclear capacities over the next three decades. Under any scenario, decarbonization will require very large investments in both the existing affordable, low carbon, safe and reliable proven nuclear technologies, beginning today - as well as the promising emerging advanced reactors, small modular reactors and other nuclear generation technologies of tomorrow. IBNI will also support and finance the life-extensions of the world's existing safe, reliable and virtually emissions-free fleet of reactors. Furthermore, IBNI will support and finance nuclear fuel cycle projects, from mining through long-term storage of high-level nuclear waste (deep geological repositories). Under all IBNI programs, rigorous nuclear safety, security and safeguards standards will apply.
Currently, the financial resources necessary to finance a large new wave of nuclear projects at a global scale is woefully insufficient and the development, commercial and financing models currently available for nuclear projects are inadequate. IBNI's support programs and initiatives, combined with harmonized global IBNI Standards and Criteria are the 'missing link' in global nuclear finance.
Our team is now working hard to lay the groundwork for the establishment of IBNI, as soon as possible. We are targeting 2024 (earliest) - 2026 (latest) as the time frame for establishing IBNI. However, establishing IBNI in such a short time will be a major undertaking.
We have now launched a global fact-based campaign in effort to assemble a broad and diversified coalition of governments; climate, clean energy and sustainability focused philanthropies and non-governmental organizations (NGOs); financial markets organizations and sustainable finance advocates; intergovernmental organizations; the nuclear, hydrogen, manufacturing and clean fuels industries, utilities and other stakeholders.
We need your support for our important cause! Please consider providing your organization's letter of advocacy/support and donor pledge. See below for more details.
IBNI will act as the 'game changer', serving as the worldwide leader and catalyst in global nuclear finance.
As a global standards setting organization IBNI, one of the Bank's foremost objectives will be to unlock vast amounts of capital from the global financial markets, to be deployed for the expansion of nuclear capacity in those nations that choose to make nuclear a key component of the sustainable 2050 Net Zero strategies and complimentary policies.
IBNI will utilize similar financing models and structures that already been proven and tested through the passage of time over many decades by the world's existing major multilateral IFIs.
IBNI's attractive financing and support programs will be offered on an open, inclusive and technology-neutral basis available for all qualified nuclear projects in IBNI Member States, ranging from developing countries to the world's most highly-developed countries.
IBNI has recently been featured at the following events and in the following publications:
A six member IBNI Delegation was invited by the IAEA to participate in the inaugual Nuclear Energy Summit 2024 (NES) in Brussels. Members of the IBNI-IO SAG had numerous discussions with country delegations, industry, multilateral and NGO organisations while at the one-day Summit in Brussels.
Comments from IBNI Members were featured in the blog article IAEA's Gross Calls on World Bank to Fund Nuclear posted 8 March 2024. The Blog featured highlights and commentary relating to the 4 March 2024 Financial Times article UN Nuclear Watchdog Urges Development Banks to Fund New Projects.
IBNI presentation at the Africa Energy INDABA Conference and Exhibition in Cape Town, South Africa highlighted nuclear financing challenges and unique IBNI solutions for nuclear new build across the African continent.
A video of the full recorded IBNI presentation can be viewed above here.
IBNI Members participated as panelists or session chairs in the international workshop on the economics of small modular reactors (SMRs) organized by the OECD-NEA in Ottawa, Canada, on Tuesday, 27 February 2024 where they discussed the role of IBNI in facilitating nuclear finance with industry leaders and policymakers in attendance.
IBNI was featured as part of an integral solution embodied in the agenda for the Technical Meeting on Considerations to Facilitate the Accelerated Deployment of Small Modular Reactors and Microreactors. The meeting included representation from over 30 IAEA Members States.
Further information with respect to the development of this IAEA Technical Document will be forthcoming.
* Note: Access to the recording of this webinar is free of charge for IPFA Full and Honorary members. If you have any queries regarding IPFA membership, please email membership@ipfa.org
IBNI was featured in the following recent NucNet articles: COP 28 / Financing New Reactors a Key Priority as World Looks for Ways to Meet Carbon Targets, 16 November 2023 and New Build / Proposed International Nuclear Bank Would Mobilise ‘Massive Amounts of Capital’ For Reactors, 15 June 2023.
IBNI was featured at the International Atomic Energy Agency's (IAEA) Atoms4NetZero Conference in Vienna on 9 - 13 October 2023. Members of IBNI-IO SAG presented IBNI at the Sustainable Financing for Nuclear Panel and at a Technical Session Presentation on IBNI.
IBNI was featured in the OpEd article: A nuclear bank for scaling and risk mitigation, 6 September 2023.
IBNI was featured in the Energy Intelligence Weekly Magazine article: Interview: Introducing the International Bank for Nuclear Infrastructure, 4 August 2023.
IBNI will be featured at the following events and in the following publications:
Spring Meetings 2024 (15 - 19 April 2024 | Washington DC)
IBNI-IO SAG members Mark Moseley, Daniel Dean, Carlos Leipner and Elina Teplinksy will be in Washington DC to attend the 2024 Spring Meetings of the International Monetary Fund and the World Bank Group on 15 - 19 April in Washington DC, USA.
IBNI-IO SAG member Daniel Dean will participating in the workshop and speaking on the 'Financing Nuclear Power and Non Power Applications Panel' discussions on 2 May 2024 in Franschhoek, South Africa.
IBNI-IO SAG member Daniel Dean will speaking as a panelist on a panel focused on financing of large clean energy projects.
Lisbon Energy Summit & Exhibition (27 - 19 May | Lisbon)
IBNI-IO SAG member Daniel Dean will speaking and participating in roundtable discussions related to nuclear financing and proposed IBNI solutions at the Lisbon Energy Summit and Exhibition in Lisbon, Portugal on 27 - 29 May 2024.
Global Energy Transition Congress and Exhibition (1-3 July 2024 | Milan)
IBNI-IO SAG member Daniel Dean will be contributing to developing the white paper 'Funding the Energy Transition: Overcoming Obstacles to Final Investment Decision' and participating in a related panel and roundtable discussions at the GET Congress and Exhibition in Milan, Italy on 1-3 May. Further details forthcoming.
Nuclear Power Plants VI. Expo and X. Summit 2-3 July | Istanbul, Turkey)
IBNI-IO SAG member Daniel Dean will deliver a keynote speech on the challenges and potential solutions to unlock nuclear funding and financing, leading to the accelerate scale-up of nuclear capacity globally.
IBNI-IO SAG members Daniel Dean and Carlos Leipner are contributing to the Elsevier Publication, ' New Directions in Nuclear Energy: Innovation and Opportunities in Fission and Fusion for Global Decarbonization' that will be co-authored by Andrew Foss and Nicolaus Stauff.
IBNI-IO SAG members Milko Kovachev, Daniel Dean, David Stearns, Mark Moseley and Fabienne Pehuet Lucet are contributing elements on IBNI and nuclear multilateral financing topics within the IAEA's updated Climate Change and Nuclear Energy 2024 Report, which is expected to be showcased at this autumn's G20 Summit in Brazil.
IBNI-IO SAG members Milko Kovachev, Daniel Dean, David Stearns, Elina Teplinksy and Fabienne Pehuet Lucet have submitted two white paper report abstracts to IAEA that have been approved. IBNI team ill be developing one or more white paper reports related to IBNI on nuclear infrastructure and financing topics within Tracks 13 and 14 of the Conference.
IBNI-IO SAG members Daniel Dean, David Stearns and Elina Teplinsky are contributing to IBNI, nuclear financing and skills development sections within the upcoming International Atomic Energy Agency's Technical Document (TECDOC) on Accelerating the Deployment of Small Modular Reactors and Microreactors. Estimated publication date: 4Q 2024.
Scheduled dates and times of upcoming events are indicative and subject to change without notice. If your organisation is interested in featuring IBNI at your upcoming event or media publication, please inquire at: d.dean@nuclearbank-io-sag.org.
