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.
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 investment in both today's proven and commercially proven generation technologies as well as tomorrow's Advanced Reactors 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. 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.
The required decarbonization of the world's infrastructure and economic systems will require a very significant increase in electricity generation over the next 30 years. Many nations of the world that have already chosen and it is predictable that many more will choose nuclear energy as a major component of their 2050 low carbon generation mix in order to meet escalating demand for clean electricity 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 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 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 the life-extensions of the world's existing safe, reliable and virtually emissions-free fleet of reactors. Furthermore, IBNI will support 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 insufficient and the financing models currently available for nuclear projects are inadequate. IBNI's support programs and initiatives 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 2023 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 and clean fuels industries, utilities and other stakeholders.
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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 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.
