Under the oversight of its Nuclear Development Committee (NDC), the NEA is preparing a report on financing frameworks for Nuclear New Build (NNB) in OECD countries, addressing inter alia the following issues:
- Assessment of the key challenges phasing new nuclear financing in OECD countries,
- Principles for the allocation and management of NNB construction risks,
- Rationale for policy interventions to support NNB in today’s electricity markets,
- Role of governments for the financing of NNB, in particular through public-private partnerships,
- Review of existing and proposed financing frameworks depending on the country and project characteristics and their ability to reduce the cost of capital.
The International Framework for Nuclear Energy Cooperation (IFNEC) and the OECD Nuclear Energy Agency (NEA) share a common interest on issues related to nuclear financing. Several events are planned in 2021 and could be framed under the umbrella of a dedicated initiative.
This initiative will begin with a kick-off workshop in January 2021 to assess the state of nuclear financing and discuss a number of key issues at a conceptual level. This technical workshop will bring together key experts from government, industry and academia to discuss a number of fundamental issues pertaining to the financing of nuclear new build. A draft agenda is proposed hereafter.
Building on the findings of the workshop, several topical webinars will follow in the first half of 2021. These webinars will explore specific issues related to international cooperation in the area of nuclear finance, including but not limited to nuclear financing in embarking countries, exploring the role of multinational banks, export credit agencies, and other international financial institution.
This series of events will be concluded with a high-level conference addressed to policymakers in the Fall of 2021 that will be hosted by Poland.