Fusion energy: Council approves ITER financing
The Council today adopted a Decision securing the continuation of the European financing of the International Thermonuclear Experimental Reactor (ITER) project during the Multiannual Financial Framework (MFF) period 2021-2027.
The indicative European contribution to the project for the period 2021-2027 is set at €5.61 billion in current prices.
Next steps
Background
The International Thermonuclear Experimental Reactor (ITER) agreement was signed in November 2006 by Euratom, the United States, the Russian Federation, Japan, China, South Korea and India. Euratom, which is according to the ITER Agreement the Host Party, has taken the lead in this project. This international fusion energy project is a first-of-a kind long-term project to build and operate a reactor to test the feasibility of fusion as an energy source.
Member states ambassadors today reached a political agreement on the proposed Council Decision amending Decision 2007/198/Euratom establishing the European Joint Undertaking for ITER and the development of fusion energy and conferring advantages upon it.
The proposed Decision aims at securing the financing of the ITER project during the Multiannual Financial Framework (MFF) period 2021-2027 in order to enable the continued European participation in the ITER project in line with its commitments as the Host Party to this international project.
The indicative Euratom contribution to the Joint Undertaking for the period 2021-2027 is set at €5.61 billion (in current prices).
Next steps
Fusion energy: political agreement in the Council on ITER financing
Member states ambassadors today reached a political agreement on the proposed Council Decision amending Decision 2007/198/Euratom establishing the European Joint Undertaking for ITER and the development of fusion energy and conferring advantages upon it.
The proposed Decision aims at securing the financing of the ITER project during the Multiannual Financial Framework (MFF) period 2021-2027 in order to enable the continued European participation in the ITER project in line with its commitments as the Host Party to this international project.
The indicative Euratom contribution to the Joint Undertaking for the period 2021-2027 is set at €5.61 billion (in current prices).