Members of the European Parliament's budget committee on Monday night voted to cut planned funding for the ITER experimental nuclear fusion project in 2011, the Green group in the European Parliament said Tuesday. The budget committee adopted an amendment to cut the ITER budget by Eur 57 million to Eur304.76 million ($419.77 million) in 2011 in a revision to the EU's research budget.
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MEPs vote to cut 2011 spending on ITER nuclear fusion project
Wednesday, October 6, 2010
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EU diverts cash for nuclear fusion demo project
Thursday, July 22, 2010BRUSSELS, 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.
£1bn funding shortfall jeopardises hopes of producing cheap, non-polluting power
Monday, June 7, 2010A £15bn international bid to harness the fusion process that powers the Sun is facing a major funding crisis. Scientists have revealed that the cost of the International Thermonuclear Experiment Reactor (Iter) has trebled from its original £5bn price tag in the past three years. At the same time, financial crises have beset all the nations involved in the project.
Interest in reactor cools as construction costs soar
Thursday, February 4, 2010Member states want a change in timetable but other investors oppose any delay to project.
