DFC drops prohibition on nuclear project financing

The U.S. International Development Finance Corporation (DFC) has lifted its ban on financing nuclear power projects abroad. Last month, the DFC proposed the change to its Environmental and Social Policy and Procedures, which had specifically prohibited it from offering such support.

The change, announced by the DFC on July 23, also implements a key recommendation made in an April 2020 report issued by the U.S. Nuclear Fuel Working Group, an interagency initiative to review and modernize U.S. nuclear energy policy.

Dems divided on DFC plan to lift nuclear financing ban

The nuclear community’s reaction to last month’s proposal from the International Development Finance Corporation (DFC) to eliminate its legacy prohibition on financing international nuclear energy projects was unsurprisingly positive (see here and here). On the negative side of things, however, was the reaction from Sens. Bernie Sanders (I., Vt) and Edward Markey (D., Mass.), expressed in a July 10 letter to the DFC.

DFC plans to lift ban on nuclear plant financing

The U.S. International Development Finance Corporation (DFC) has initiated a 30-day public notice and comment period on a proposed change to the agency’s Environmental and Social Policy and Procedures that would allow it to consider support for nuclear power projects, according to a June 10 press release. Currently, DFC is specifically prohibited from offering support for such projects.