What are the impacts of the nuclear fusion research megaproject ITER?
Given the large investment in ITER and the very long lead time to the potential application, policy makers and the general public have a right to be informed about the short-term impact of ITER as well as about the expected mid and long-term impact. The key benefits, apart from the long-term perspective of fusion energy generation, are the economic spin-offs of these activities in terms of high and low-tech employment in the EU and its contributions to EU international competitiveness.
This study will assess the benefits stemming from ITER and will be used as a communication tool, as well as input for the mid-term review of F4E (end of 2017) and to support further funding requests under the Multiannual Financial Framework to be prepared by the European Commission in 2017. The key objectives of the project are:
- To establish a robust data set on ITER and Broader Approach-related contracting in Fusion for Energy (F4E) Member States;
- To produce an evaluation of the economic impact of these contracts; and
- To put the aggregate economic impacts in context now and in the future to 2050 and beyond (comparing them to other fundamental research projects), and create evidenced-based information and fact-sheets for dissemination purposes.
The project is conducted by Trinomics in collaboration with Cambridge Econometrics. The project will run from October 2017 and will finish by April 2018.