By Matthew Roscoe • 25 November 2020 • 13:21
THE British economy has gained £1.4 billion (€1.6 billion) from the Government’s direct investment in fusion energy over the past decade.
The findings, which also show an average of 4,000 jobs have been added each year, were revealed on Tuesday, November 24, in an economic study conducted by London Economics and released today by the Department for Business, Energy and Industry Strategy.
London Economics looked at the financial and economic impacts of the UK’s public investments in the UK Atomic Energy Authority’s (UKAEA’s) fusion research from 2009-2019 and found:
Fusion energy is a form of low-carbon energy whereby the power of the sun is replicated on earth, and at equal mass to traditional energy sources, fusion energy releases nearly four million times more energy than the burning of coal, oil, or gas, and four times as much as nuclear fission reactions.
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Originally from the UK, Matthew is based on the Costa Blanca and is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at [email protected]
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