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 driving economic prosperity. "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 groundbreaking decision to lift its ban on nuclear energy support, a move he believes could "revolutionize energy supply for many emerging markets." This policy shift marks a significant step towards diversifying energy sources and enhancing global energy security.

Call for Technological Neutrality and Affordability in Energy Investments

Further advocating for a balanced approach, Bessent urged the World Bank to adopt a "tech neutral" stance, ensuring countries have access to all viable technologies for affordable baseload generation. He emphasized the importance of prioritizing affordability to meet the growing energy demands sustainably.