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 3Q 2024 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.
- International Bank for Nuclear Infrastructure - Implementation Organization (IBNI-IO) will be established, funded and resourced as a not-for-profit organization in 2023. IBNI-IO will be dedicated to global coalition building, promotion of IBNI and nuclear energy as a least cost Net Zero energy solution. IBNI-IO will take a leadership role in advising a coalition of governments, industry and institutions... in effort to establish IBNI prior to 4Q 2024.
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.