#Business: Nuclear off the table

 

There is also disagreement over whether to invest in nuclear power projects. At the World Economic Forum Davos conference in 2016, Jin Liqun stated that nuclear has the advantage of being a clean source of energy and one that can be made safer with lessons from the Fukushima disaster.

The first draft of the energy strategy ruled out nuclear investments in principle, but left room for manoeuvre; it could be considered if there was international agreement on a need in a certain location. The second draft was less equivocal, leaving open only the possibility of funding safety improvements in existing nuclear power plants under special circumstances.

Yu said the language of the first draft on nuclear power was unclear and that many NGOs had opposed it. Yang Fuqiang said the AIIB may want to avoid nuclear investments because it does not have sufficient resources to fund them, and that many Asian countries cannot afford it either.