The Ajaokuta steel plant stands unused after 40 years of construction and US$8 billion in investment.
Learning lessons from the past could help reduce the impact of future industrialization.
Europe recycles 70% of its steel, but much is exported, turning what should be a circular process into a linear one. Instead, materials need to be circularity-ready the moment they’re manufactured.
This year’s recycling crisis has prompted the federal government to pledge a move towards an economy in which materials are kept in use for as long as possible. But it still has a long way to go.
Trump’s plan to slap $200 billion more in tariffs on Chinese goods is premised on yesterday’s waste-fueled economy. Tomorrow’s economy is ‘circular.’