Vice president: EBRD doesn't support large-scale nuclear energy projects

The European Bank for Reconstruction and Development (EBRD) often does not support large-scale nuclear energy projects as it is a bank focused on the private sector, Mark Bowman, EBRD Vice President for Policy and Partnerships, told an event titled "Financing Low Carbon Technology Including Nuclear Energy" organized on the sidelines of COP29, Report informs.

Bowman stated that such projects are usually large-scale projects funded by the government and therefore do not fit EBRD's business model: "However, we are closely monitoring what is happening in the nuclear sector in the context of new technologies. We try not to fall behind in following these developments. Of course, if projects are presented at the financing stage, this will still be submitted to the board of directors for discussion."