Romania / US Exim Bank Commits $3 Billion For Funding Of New Reactors At Cernavodă

‘We don’t get to net zero without nuclear power in the mix’
US Exim Bank Commits $3 Billion For Funding Of New Reactors At Cernavodă
Exim president and chair Reta Jo Lewis and Romania’s energy minister Virgil Popescu with the Exim letters of intent. With them (L-R) are Romanian president Klaus Iohannis, US special presidential envoy for climate John Kerry and Geoffrey Pyatt, assistant secretary at the US State Department.
The US Export-Import Bank (Exim) has formally expressed its interest in providing $3bn (€3bn) in financial support for new nuclear reactors at the Cernavodă site in southeast Romania, in an announcement made at the United Nations Cop27 climate conference in Sharm El Sheikh, Egypt.

“This announcement further underscores Exim’s commitment to support the Biden-Harris administration’s efforts to combat climate change and advances the relationship between Exim and the Romanian government,” Exim said in a statement.

US special climate envoy John Kerry told a news conference at Cop27 announcing the Exim’s formal interest that “we have a viable alternative in nuclear... this is one of the ways in which we can achieve net-zero”.

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