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CERN: announcement regarding the contribution of the University of Milan to the study of the social-economic impact of the FCC18-02-2019

The research team, led by Massimo Florio, has announced findings regarding the social-economic and cultural effects of the Future Circular Collider, the super particle accelerator which, as intended by CERN, will take over from the Large Hadron Collider from 2025.

Almost three years after CERN's assignment of the impact study for the Future Circular Collider (FCC) to the University of Milan, the research team, led by Massimo Florio, Professor of Finance at the Department of Economics, Management and Quantitative Methods, announced the results of the analysis carried out regarding the Future Circular Collider, the super accelerator that is to be the successor to the Large Hadron Collider (LHC), which in CERN's forecasts announced on 15 July 2018, will be built between 2040 and 2050 for a total investment of 24 billion euros.

The study, conducted by a team led by Professor Florio, in collaboration with Stefano Forte, Professor of Theoretical Physics, Models and Mathematical Methods, Department of Physics "Aldo Pontremoli" of the University of Milan and researchers from the Center for Light Industry Studies (CSIL), according to the commitment with CERN, examined the socio-economic impact of the Future Circular Collider.

And so from the Large Hadron Collider, the 27 km circular tunnel in which the Higgs boson was discovered in 2012, with the CERN members' agreement we will move on to the new Future Circular Collider that will be placed in a 100 km underground tunnel, representing the most ambitious project of all time in the field of fundamental physics.

In particular, the team from the University of Milan contributed to the FCC Study, which is being published in four volumes of the European Physical Journal, with an analysis of the economic impact on the supplying companies and of the benefits in terms of human capital for over 40 thousand doctoral students and postdocs who will be involved over a period of time, without forgetting the advantages deriving from the production of cultural assets and the actual scientific impact of FCC.

A preview of the analysis carried out by the team from the University of Milan is available from the Future Circular Collider website.

 

For more information
The University of Milan
Department of Economics, Management and Quantitative Methods
Doctor Gelsomina Catalano
gelsomina.catalano@unimi.it