Sarkozy urges int'l finance for nuclear development

08:41, March 10, 2010      

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France urged international financial bodies to fund a new era of global nuclear power Monday and pitched its own reactor technology as the model.

Welcoming delegates from 60 energy-hungry nations to a conference in Paris, French President Nicolas Sarkozy said civil nuclear power had been unfairly passed over for World Bank development loans.

"I can't understand why nuclear power is ostracised by international finance, it's the stuff of scandal," he said, urging the World Bank, the European Bank for Reconstruction and Development and others to do more.

In a speech hosted by the Paris-based Organization for Economic Cooperation and Development, Sarkozy announced a new body to group "France's best teachers and researchers" in nuclear technology.

"I have decided to change up a gear by creating an International Institute of Nuclear Energy that will include an international nuclear school."

He said the French school would become the heart of an international network of institutes, beginning with a center in Jordan.

France has the world's second-largest nuclear sector and generates around 75 percent of electricity it needs through nuclear power, a greater proportion than other economies.

Source: Global Times
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