FP7

EU to raise nuclear research spending

Thursday, November 1, 2012

Average annual funding for nuclear research is expected to grow almost 15% under the European Union's (EU's) planned Horizon 2020 program. Fusion programs account for nine-tenths of the budget.

Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 initiative aimed at securing Europe's global competitiveness. Running from 2014 to 2020 with an €80 billion ($104 billion) budget, the EU's new program for research and innovation is part of the drive to create new growth and jobs in Europe.

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EU diverts cash for nuclear fusion demo project

Thursday, July 22, 2010

BRUSSELS, July 20 (Reuters) - Cash-strapped European Union governments will not have to provide fresh money in order to fill a 1.4 billion euro ($1.81 billion) funding gap in a project to commercialise nuclear fusion -- the process that powers the sun.

Increased complexity and rising construction costs have seen the price tag for the International Thermonuclear Experimental Reactor (ITER) project rise to 16 billion euros ($20.76 billion), while the EU's share has more than doubled.

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Renewable promises

Tuesday, October 14, 2008

The EU needs to invest more in research if it is to meet its climate-change targets.

The world will need to generate 50% of its electricity from renewable sources by 2050 to minimise climate-change impacts, the International Energy Agency (IEA) has said, an awesome challenge that once again underlines the importance of investing in the next generation of renewable energy.

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