Bedevilled by technical delays, labyrinthine decision-making and cost estimates that have soared from five to around fifteen billion euros, the International Thermonuclear Experimental Reactor (ITER) project is saddled with a reputation as a money pit.
Even if there is no agreement reached at the 22-23 November EU summit, the discussion is necessary, says MEP Ivailo Kalfin, one of the two European Parliament rapporteurs on the 2014-2020 EU budget. As a foreign minister during the negotiation of the previous budget, he said he saw major misunderstandings at the summit table.
Italians decidedly rejected nuclear power in a referendum last year, but that does not mean abandoning the study and research on atomic energy, Environment Minister Corrado Clini said in an interview with EurActiv Italy.
An ongoing tussle between the EU institutions over the future funding of a controversial nuclear fusion project – which will come under the spotlight during the Danish EU presidency – threatens to hack into the European Commission’s €85-billion Horizon 2020 budget proposal.
EU nuclear fusion project ITER should be abandoned because it is set to be built in an earthquake zone, like the stricken Fukushima plant in Japan, MEPs will argue today (20 April) as last-chance proposals for the project to pay off a €1.3 billion funding shortfall are tabled for discussion.
Faced with a deadlock over the EU's 2011 budget, the European Commission will present today (26 November) "an alternative approach" to fund the bloc's multi-billion euro ITER project for nuclear fusion.
With EU governments unwilling to fill the funding gaps in the multi-billion international nuclear fusion research project ITER, the European Commission is proposing to put an extra 1.4 billion euro on the table to honour the bloc's international commitment.
A multi-billion euro international research project has run into deep financial trouble as EU governments scramble to find money to meet spiralling costs. However, with European credibility at stake, officials say there is no question of abandoning the project despite the yawning funding gaps.
The EU and its 6 partner countries have given a formal go ahead for the construction of the world's biggest experimental nuclear fusion reactor, ITER. Environmental NGOs fear the mammoth project will swallow financing from renewables R&D.
The Parliament's Greens/EFA group says that the current FP7 is biased towards the promotion of forms of energy that have no future and is calling for common sense and democratic debate on the allocation of the EU's energy research funds.
The quest to find a cheap and inexhaustible way to meet global energy needs was given a boost when a 30-nation consortium chose France to host the world's first nuclear fusion reactor. Opinions remain divided over whether nuclear fusion is safe and economically viable as a sustainable source of energy production.
After long and difficult negotiations, the six parties to the international negotiations on the ITER nuclear fusion research project have decided that ITER should be located at the site proposed by the EU - Cadarache in southern France.
Following rumours that the EU may go it alone, both Council and Commission have been quick to stress their wish to reach an international agreement on the location of the ITER site for fusion research.