Italy has been facing setbacks while trying to recover from a major economic crisis followed by a political one which recently got resolved.
Italy’s energy sector has been suffering ever since its economic crisis and rise of energy elements prices in the global market as Italy imported most of its energy needs. The European Investment Bank (EIB) is providing €250 million (£222m) of financing for research into fusion energy in Italy. It will support the Italian National Agency for New Technologies, Energy and Sustainable Economic Development (ENEA) in launching the Divertor Tokamak Test (DTT), which aims to contribute towards the development of nuclear fusion energy. The DTT facility has been created to respond to some of the key scientific and technological issues surrounding nuclear fusion, in particular the question of how to control the enormous amount of heat generated. Around 1,500 scientists and technicians will be involved in the project. Commissioner Miguel Arias Cañete, responsible for Climate Action and Energy, stated that in order to achieve a climate neutral Europe by 2050, they need to keep investing in new technological solutions. Fusion energy is a potential source of safe, non-carbon emitting and virtually limitless energy and economies are keen on adapting it for a cleaner energy source. Although it has its dangers, but great power comes with great responsibility.
If they succeed in making a breakthrough in this technology, it could significantly contribute to their efforts to make Europe the first climate neutral major economy. This investment decision is one step towards this objective.