Economics
While fusion power is still in early stages of development, substantial sums have been and continue to be invested in research. In the EU almost €10 billion was spent on fusion research up to the end of the 1990s, and the new ITER reactor alone is budgeted at €10 billion. It is estimated that up to the point of possible implementation of electricity generation by nuclear fusion, R&D will need further promotion totalling around €60-80 billion over a period of 50 years or so (of which €20-30 billion within the EU) based on a report from 2002. Nuclear fusion research receives €750 million (excluding ITER funding), compared with €810 million for all non-nuclear energy research combined, putting research into fusion power well ahead of that of any single rivaling technology.
Read more about this topic: Fusion Power
Famous quotes containing the word economics:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)