Energy Abundance as a Catalyst for Economic Prosperity

In a compelling address, United States Treasury Secretary Scott Bessent highlighted the pivotal role of energy abundance in fostering economic growth. "Energy abundance sparks economic abundance," Bessent remarked, underscoring the transformative potential of accessible energy resources.

World Bank's Progressive Stance on Nuclear Energy

Bessent praised the World Bank's recent decision to reconsider its stance on nuclear energy, a move he believes could "revolutionize energy supply for many emerging markets." This shift, according to Bessent, marks a significant step toward diversifying energy sources and enhancing global energy security.

Call for Technological Neutrality and Affordability

Further advocating for a "tech neutral" approach, Bessent urged the World Bank to broaden its support to include all technologies capable of delivering affordable baseload generation. Emphasizing the importance of affordability, he called on the institution to prioritize investments that make energy more accessible to all nations.