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  • 6 days ago
Italy’s $4.7 billion cheese economy is in danger. On Fortune Daily Show, Catherina Gioino breaks down what's happening to the cheese banks that hold Parmigiano wheels.

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00:00Italy's $4.7 billion cheese economy is feeling the heat thanks to climate change.
00:05In Italy, it takes around 12 months at a minimum to up to 18, 36, if not longer,
00:11to age a wheel of Parmigiano-Bergiano.
00:13And this is a highly controlled, highly identified product that's well-known for Italians.
00:18It's well-known for Italian farmers.
00:19So the farmers, they go to Clento Emiliano, CREDEM, and they give them collateral.
00:24The cheese in the cheese banks are now melting because of climate change.
00:27CREDEM is about to install some high-tech infrastructure for cooling and other kind of systems here.
00:33But more importantly, the cows.
00:35Cows aren't making as much milk because it's so hot, they don't want to feed on the grass.
00:40And as a result, the quality of milk is not only bad, but so is the quality of milk
00:43because they're eating less and they're not getting their nutrients.
00:46So we are going to see the ill effects of climate change coming forward in the next years to come.
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