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:
“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)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)