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0 sats \ 1 reply \ @Bell_curve 4 Jul \ on: Largest nuclear fusion reactor is completed. It won't run for another 15 years. science
Edited using perplexity ai :
If one supports fusion energy research but is also libertarian, funding massive projects that cost billions can be a challenge. Here are some possible approaches:
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Private Sector Investment: Encourage private companies to invest in fusion research and development. This can be achieved through tax incentives, regulatory support, and public-private partnerships. Companies like Helion Energy, Commonwealth Fusion Systems, and General Fusion have already secured significant funding from private investors[3].
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Crowdfunding and Philanthropy: Utilize crowdfunding platforms and philanthropic organizations to raise funds for specific projects or research initiatives. This can help supplement government funding and involve a broader range of stakeholders.
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Government Funding with Accountability: While libertarians may be hesitant about government funding, it can be justified if there is strong accountability and a clear path to commercialization. Ensure that government funding is tied to specific milestones and outcomes, as seen in the Milestone-Based Fusion Development Program[4].
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International Collaboration: Collaborate with other countries and international organizations to share the financial burden and leverage global expertise. This can help accelerate progress and reduce costs for individual nations.
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Public-Private Partnerships: Foster partnerships between government agencies, private companies, and research institutions to share resources and expertise. This can help optimize funding and accelerate progress towards commercialization.
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Tax Credits and Incentives: Offer tax credits or incentives to companies and individuals investing in fusion research and development. This can help stimulate private investment and reduce the financial burden on the government.
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Research Grants and Competitions: Establish research grants and competitions that encourage innovation and progress in fusion energy. This can help attract a diverse range of participants and ideas, while also promoting efficiency and accountability.
By adopting these strategies, it is possible to fund massive fusion energy projects while maintaining a libertarian approach that emphasizes private sector involvement and accountability.
Sources
[1] DOE Announces $42 Million for Inertial Fusion Energy Hubs https://www.energy.gov/articles/doe-announces-42-million-inertial-fusion-energy-hubs
[2] US announces $46 million in funds to eight nuclear fusion companies https://www.reuters.com/business/energy/us-announces-46-million-funds-eight-nuclear-fusion-companies-2023-05-31/
[3] $6.2 Billion Fusion Energy Funding Race - Nuclear Business Platform https://www.nuclearbusiness-platform.com/media/insights/62-billion-fusion-energy-funding-race-turning-the-dream-of-creating-a-star-on-earth-into-reality
[4] DOE Announces $46 Million for Commercial Fusion Energy ... https://www.energy.gov/articles/doe-announces-46-million-commercial-fusion-energy-development
[5] Congress Increases U.S. Funding for Fusion Energy Sciences ... https://www.fusionindustryassociation.org/congress-increases-u-s-funding-for-fusion-energy-sciences-research/