Экономико‑правовой анализ рисков финансирования проектов по термоядерному синтезу

Andrey Mihailovich Terehov; Zhanna Georgievna Popkova; Ekaterina Alekseevna Skorodumova

doi:10.17308/meps/2078-9017/2025/6/72-82

Andrey Mihailovich Terehov Volga Region branch of the Federal State Budget-Funded Educational Institution of Higher Education «Russian State University of Justice named after V.M. Lebedev»
Zhanna Georgievna Popkova Volga Region branch of the Federal State Budget-Funded Educational Institution of Higher Education «Russian State University of Justice named after V.M. Lebedev»
Ekaterina Alekseevna Skorodumova Volga Region branch of the Federal State Budget-Funded Educational Institution of Higher Education «Russian State University of Justice named after V.M. Lebedev»

DOI: https://doi.org/10.17308/meps/2078-9017/2025/6/72-82

Keywords: Budgetary Subsidies, Renewable Energy Sources (RES), Research and Development (R&D), Financing Risks, Tokamak, T-15MD, Energy Strategy 2035

Abstract

Purpose: this research examines the financial and legal relationships surrounding the implementation of innovative projects for constructing next-generation thermonuclear installations, specifically the T-15MD, Ignitor, and Sfera tokamaks. Discussion: the study aims to identify credible risk factors affecting the financial sustainability of Russian tokamaks and benchmark them against the competitive energy generation landscape. Research design: the research design employs an analysis of the existing legal framework governing budgetary R&D subsidies, as well as an assessment of fusion energy prospects within the context of global decarbonization trends and a comparison with conventional and renewable energy sources based on data published by the International Energy Agency (IEA) and the Energy Institute. Results: the findings confirm the potential of fusion energy for Russia as a complement to renewables, contingent on establishing a comprehensive financing model, reorienting government support toward applied materials and hybrid neutron sources, developing an LCOE (Levelized Cost of Energy) assessment methodology, and mitigating information risks.

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Author Biographies

Andrey Mihailovich Terehov, Volga Region branch of the Federal State Budget-Funded Educational Institution of Higher Education «Russian State University of Justice named after V.M. Lebedev»

Cand. Sci. (Econ.)

Zhanna Georgievna Popkova, Volga Region branch of the Federal State Budget-Funded Educational Institution of Higher Education «Russian State University of Justice named after V.M. Lebedev»

Cand. Sci. (Law.)

Ekaterina Alekseevna Skorodumova, Volga Region branch of the Federal State Budget-Funded Educational Institution of Higher Education «Russian State University of Justice named after V.M. Lebedev»

B.А.

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Economic and legal analysis of financing projects

Abstract

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