By Matthew Roscoe • Published: 25 Nov 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.
Thank you for taking the time to read this news article “British economy has gained £1.4 billion from investment in fusion energy”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
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 editorial@euroweeklynews.com.
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.