{"id":52216,"date":"2025-06-05T14:27:23","date_gmt":"2025-06-05T14:27:23","guid":{"rendered":"https:\/\/saperemarketing.com\/clearpath\/?p=52216"},"modified":"2025-07-10T18:20:11","modified_gmt":"2025-07-10T18:20:11","slug":"modernizing-the-world-bank-is-a-key-step-toward-energy-dominance","status":"publish","type":"post","link":"https:\/\/saperemarketing.com\/clearpath\/our-take\/modernizing-the-world-bank-is-a-key-step-toward-energy-dominance\/","title":{"rendered":"Modernizing the World Bank is a Key Step Toward Energy Dominance"},"content":{"rendered":"\n

Global demand for reliable, affordable and clean energy is, as Secretary of Energy Chris Wright said<\/a>, fundamentally about opportunity. The U.S. needs sufficient power to drive new AI demand and power our digital economy. In Poland, it\u2019s about securing energy independence from Russia. In African countries, where 600 million people live without electricity<\/a>, it’s about fighting extreme poverty. The Trump Administration has strong ambitions to accelerate U.S. energy dominance, support energy security in our allies, and use energy to drive economic growth and prosperity in developing countries.<\/p>\n\n\n\n\"\"<\/p>\n\n\n\n

Yet, as the world works to deploy new energy infrastructure, the World Bank, one of the largest sources of infrastructure finance, is running on an outdated energy policy. Between a total ban on supporting nuclear energy and a broad reticence to support natural gas infrastructure, the World Bank should take a hard look at how its policies align with global trends. Luckily, after pressure from its largest shareholder (the United States<\/a>), World Bank President Ajay Banga promised a revamp<\/a> of the Bank\u2019s energy policy.<\/p>\n\n\n\n

This isn\u2019t just about clean energy or development, but a U.S. strategic imperative. Despite its $40 billion energy and extractives portfolio<\/a>, the Bank lacks any engagement on nuclear energy, leaving a vacuum filled by competitors like Russia and China, whose exploitative financing creates long-term dependencies. For example, in 2023, an Egyptian presidential advisor told a group of U.S. lawmakers and a ClearPath delegation that countries like hers want dependable energy financing and would welcome American or allied investment. Instead, Egypt<\/a>, a Major Non-NATO Ally of the U.S., selected Russia\u2019s Rosatom to finance and construct its new nuclear plant, because there wasn\u2019t another option.<\/p>\n\n\n\n