The work required to make a net-zero transition is far harder than regularly announced political targets suggest. A soccer team in Taranto, Italy, home to Europe’s largest and most notorious steel mill, offers a glimpse into the economic struggles facing cities the world over.ord spread quickly that Lucia Morselli was in attendance for Taranto Football Club’s soccer match against Nardo.
in a deal with the Italian government. The state should have majority ownership after May 2022 if certain conditions are met. In late June, Ilva successfully appealed a legal decision that supported Melucci’s ordinance, thus allowing the company to keep the furnaces on. But the ordinance had proved popular in many quarters of Taranto, whose citizens are understandably aggrieved by years of lethally negligent mismanagement.
Bilbao’s Nervión River was declared “ecologically dead” in the 1980s, just as the Basque city, which had been producing iron and steel since before the industrial revolution, was reeling. The 3% jobless rate in 1975 jumped to 25% by 1985.
The project will take some three years to prepare, and that’s before installing the new equipment to remake the blast furnace, which may take another five. Then there’s the cost. Refurbishing foundries will require about 500 million euros, reckons one Ilva executive, with another 1.5 billion euros for the rest of the work. A senior member of the Draghi government estimates the total bill at around 4 billion euros. It’s basically a 2-billion-to-4-billion-euros guess.
Breakingviews rob1cox Entertaining very dirty thoughts to net zero. Burning garbage,coal,oil, nuclear reaction, for clean electricity?
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