Your mention of cost justification is ignoring the bigger picture that our economic system is setup to benefit public companies like Intel, and not grand research endeavors.
As an exercise to the reader, imagine what organizations/companies would exist if the contemporary economic incentive structures were different.
Given these scales I'm not really sure $50 billion is a lot of money for the entire world to spend on an energy R&D project. In fact, that number seems surprisingly low, do you have a source for it?
As far as making fusion reactors to boil hot fluids to drive steam turbine-generators to power the electrical grid... doesn't seem too likely. High-efficiency monocrystalline Si PV panel fabs would be a better investment.