World Bank’s Banga doubles down on intent to end ban loans for nuclear power projects

World Bank president Ajay Banga on Wednesday doubled down on his push to revamp the bank’s energy strategy to end a ban on lending for nuclear power projects and enable more natural gas projects, saying he will seek executive board approval in June. The changes would mark a shift from the bank’s focus only on renewable energy projects, save for consideration for some gas projects in the poorest countries.