> I have the feeling that putting these resources into economically already proven clean technologies would be a better investment.
There's something to be said about putting all one's eggs in one basket. While current renewables are a big leap over non-renewables, there are glaring flaws in each implementation.
Wind and solar still require massive manufacturing and transportation back-ends to scale up, and solar in particular requires weird rare-earths, the mining of which causes serious ecological issues. Nuclear fission power is fantastic, but has a huge PR and NIMBY problem (despite ironically being orders of magnitude safer than its non-renewable counterparts), and therefore has skyrocketing costs today as well.
Battery-electric vehicles and storage face the same problem, and in many cases, simply offload their emissions to a central (usually coal/oil/gas-fired) power station.
There's a lot of money to go around; the gross world product is approaching US$100 trillion and I'm fairly certain a handful of billions could be spared for the development of fusion.
In terms of physics, it's a solved problem; even in terms of engineering, the issue has been narrowed down to confining the working plasma enough and managing instabilities for long enough to produce net positive power. Funnily enough a big issue previously was having enough compute to simulate the plasma behaviour; with high-end GPUs, this is also less of a problem now.
I am cautiously optimistic—ITER is going for sheer size, whereas start-ups like SPARC are trying new superconducting magnets. I believe the late 2020s and early 2030s will be a very productive period for fusion.