The Institute for Public Policy Research, a left-leaning think tank, has published a report saying that decarbonising steel could create many jobs, particularly in the north of England.
As we know, jobs are a cost, not a benefit:
The potential costs are eye-watering. Community wants ministers to pump cash into a £1 billion direct reduced iron (DRI) furnace that strips the oxygen from iron ore.
And there’s the cost…..
Ministers face a dilemma: fund the cost of cleaning up steel, or watch thousands of jobs disappear. Neither option will be cheap.
But losing the jobs is a saving….