me tonight, i'll just there is only move i left. is that the, this is where we, the sex allies from out is there is no by left available in your favorite types to just set for it and type domain and you up from out to 0. nice that you think is it the of the hello i'm elizabeth put on and this is counting the cost on ellington, sierra, your weekly. look at the world of business and economics this week. nuclear power. as back in the energy debate, many nations are expanding the police have a ton of plans. so is it on the verge of a very nice psalms? the e. u has pledged plenty of dollars to cash strapped egypt,

an upgrade and the relationship to a strategic partnership. so once behind the deal and tech talk face has a band in the us of a national security concerns. but the measure could had creations and businesses where it hurts most the critics say atomic plants and dangerous, expensive and take a long time to build the nuclear power is being touted by some as a clean source of energy. well, many nations a meant to be called the not as an out building, new react is which and mainly supplied by china and russia, and $22.00 countries pledge to triple the nuclear capacity by 2050, the cop 28 climate summit. last year, the international atomic energy agency expects global nuclear power generation to reach an old time high next year. it says investment will need to more than double to $100000000.00 by 2030 to meet the power as agreement climate target. so let's

take a look at the expansion of nuclear plants, leading the race as china with 23. react is under construction, and the a has 7 to kia has for the united states remains the top producer of nuclear power . it's investing millions of dollars a new technology such a small margin to react as known as f and mazda it easy. it cheaper to build and also flexibility seats. the locations unable to accommodate traditional launch of reactors, as well as a few would with low enriched uranium. russia dominates the small kids with almost hospitable as commercial capacity. there are only 2 major west and supplies of and richmond services. they are francis of ronald and your rank code, which is a u. k. gym and, and dodge consulting in china, has built in richmond capacity to meet its own needs. now in parts of europe, there was still resistance to nuclear energy, germany, italy, and miscellaneous, phased out nuclear power for electricity, generation of the environmental concerns. and fee is of another accidents such as

japan because she made disaster and 2011, but elsewhere there was renewed interest in nuclear pallet and that the global energy crisis and carbon neutral goals. the international atomic energy agency expects up to 13 countries to start producing electricity from nuclear power within the next few years, and they include bangladesh and egypt. the i is quoting on global development backs to funding new projects, warning that a failure to invest in nuclear power could delay the energy transition. will lead us have gathered in brussels for the 1st nuclear energy summit. i somehow bought our reports this summer. it's is a remarkable indication of that changing political landscape no believe 2 years ago in europe, for example, the 10th was basically to scrub nuclear plants reactors and move to renewable energy. except the 3 key facts has come to us and they say some change of how to

happen. climate change and people concerned about the future warning, ukraine's european saying they was about time to devise to find themselves away from russian enforce. and they're concerned about the volatility of the energy market, and particularly the potential for more complex un was in the, in the middle east. so they said that there's absolutely no way we can to rely on renewable energy. and the only way out for us to be able to move to more sustainable economy is to expend the nuclear energy capacity in different parts of the well, the problem that to keep play as for example, the french and the germans don't see i in. so i, when it comes to this, the french up above that expanding the germans shut down all the remaining reactive spanish modeling suit with the germans. but however, you have many other countries like hunger, you check. yeah. and many other countries in europe, expanding and building more react us. so how to narrow the differences between

these countries. there is a hope that in the summer they was able to convince many global key players and which countries to put more investments into this more and more than the reactors and the advance mode that are reactors. these are very small reactors require less investments and who's the safety features more improved. but you know, you have to get to the point where you can establish at a vast the chain of supply to be able to commercialize those reactions and made them available in the market. that's the helpful for the world lead. as we think of the summit, which is basically to get to the point where by 2050, the reason the targets are saying that with finally climate, you to push them on the bottom. i was just beautiful. counting the cost brussels. joining us now from powers is pulled off then here's the founder and chair of the

nuclear consulting group. thank you very much for your time, mr. goldman. so as will lead as me for the 1st nuclear summit, why is atomic energy back in the debate? it's actually this will turn to stand. why the new kids back in the debate? um, it could be basically, it's a bit of a loss. charts, goest for nuclear renewables, about 4 to 5 times cheaper than new care. 87 percent of the new electricity generation capacity worldwide in 2023 was new renewables with nuclear nowhere. and one of the key energy institutions organizations a world wide, including the international energy institute, say that renewables will do the heavy lifting for net 0. so why then is the international atomic energy agency and a few others saying that nuclear is so important if the world is to transition, you know, to clean the energy? well, i mean, the head of the idea is just met with bush outside to the syrian dictates

a in damascus to agree on a new engagement between the i a e, a and syria rushes is a major play in global a civil nuclear. so there are some significant questions to ask about some the relative morality of uh, of, of this. and if you push it as being talented as a clean or clean energy source, is it not? well that if you take into consideration uranium mining transport processing, the operation, the commissioning waste and then uh, absolutely not. and then if you then going to think about accidents incidents, trying to focus shame, uh, uh, 3 mile island and the risks involved. i mean, we know what's been happening and stuff, but we see where the grace of god, according to us. uh and uh, you know, we have escaped to a disaster. so that's

a very real questions associated with this new to push, which is to assign a centralized cpr. okay, so you are assessing the question and begins to international atomic energy agency and the agenda. but what about institutions like the international energy agency base for cont, january of the importance they said of the nuclear come back to meet the increase in global electricity demands. yeah, but the international energy agency themselves say that renewables will do the heavy lifting. and if you want to talk about some substantial institutes, the i p c. c, the international panel on climate change stage. quite clearly that we have to really get emissions done by 2030. now, the i p. c will also say that renewables up 10 times back to the nuclear, mitigating c o 2. and then let's go back to comp 28. now the big news on culture for nuclear was

a nuclear wanted to be expanded 3 times by 2050. that's 3 times by 2050. the same cop 28 said they wanted renewables expanded by 3 times by 2030. so new to 20. 50 renewables by 2030. now. what does that actually mean? that means new g. a 1.2 terrible. it's by 2050 and renewables. 11.5 tire. what's by 2030. so according to the science of nuclear is still much, you know. okay. you mentioned you know, separation and ukraine. how do you think that? um, how do you assess the defenses at the moment? to mitigate nuclear and accidents and countries that use nuclear power, especially as there is such a big push for which at the moment there is a piano push. i mean, that's for sure whether it's a kind of

a last johnson gospel nuclear to put you in structures, policy, finance before the alt this advantages of renewables is too obvious to, to deny. but in terms of, of what we have. um, it's actually very difficult to defend you. there's no way military, but you can defend a, a new 2 sides increasing how unstable weld uh, that could be a problem. most specifically, when one thinks about climate, new care has to be situated by the coast. large bodies of water or river, we know what's gonna happen with coast. um what's gonna happen is that sea level to rise, but the key concern is storm surge. where basically all the sudden i swear it conditions to see basically ops and moves in line. so the real problem with nuclear is that it may actually prove to be a climates casualty and a significant climate casualty there. of course many of the challenges isn't there . there are so many reactive that supposed to be being built right now that are in

a number of countries that are delayed, that are costing many times as much as they were supposed to. we are seeing a lot being made of smooth. want you to react as do thing that they missed the gate . any of the challenges posed by the traditional, larger reactive. it's certainly true that laundry act is a huge here because some things you have a time usually can only be built with voss public subsidy, which is why as a new chipping built in combining to control states like russian china into a certain extent. an outlier erie a patch to you. okay. um, now the issue as a mazda of small and most of your wrapped is, um, basically there's no one s m, a in commercial production anywhere in the world, but simply doesn't exist as the most us still in development. and the great to for us the most was new scale as in law in the us. and that went to

uh, that went to almost bankrupt a few weeks ago and is, is of the cost. so there's a very real questions, associations with us. some us not least the question of proliferation and security and safety. that's the document. thank you very much for your expertise on this. pulled off, none of the new k consulting group in paris. a thank you. now a drought in southern africa is affecting food production with crops dying from a lack of bullshit. sandy is government has to create a national dissolves to and the rest of the region is also on the pressure. hardwood tossed, the reports from head out a range of being erratic for months in zambia. some farmers are now improvising to try unhealthy cops devised the heat. the drought has been declared a national disaster by the government. we've invested $5000.00. we expect at this rate, hopefully we can break even for this. that is unless the rest of the pharmacy might

have not been able to save the facing a 100 percent plus invest. the draft is also affecting mining and limits to get it to, to begin ration from hydro power, zambia africa, 2nd largest corporate producer plants to import and russian power according to the world food program. what's wanna? southern malawi, eastern angola, and pots of mozambique ends and bob, we are also in trouble. mays is the staple food ends involve weight and the rest of southern africa as it gets hotter and dry across the region. many more families will need help to keep themselves fit, and bobby's government is working with agencies to assist communities. people living in dry regions are some of the most vulnerable. put him and i got him as his i cold. my mace crap was the disaster. i have 2 fields, all the crops i did, but resources onto enough to help everybody. the funding has been

a challenge in these and continue to be italians because it is listed as i know it's always available. so they had in means uh to get up to about $43000000.00 or which only 55 percent of that budget is funded for douglas. so you can see that we have totally has a huge ad is, will skip the drought, is expected to slow down the economic growth of countries in the region and food prices are continuing to rise. that's making life even more difficult for millions of people in southern africa who are already struggling hard on my task. so i'll just ask for counting the cost of the agent as an impulse and supply of natural gas to hear of the after nation is also a transit route for migrant seeking to cross to the content that you is worried. conflicts and gaza and saddam could drive move refugees to it's shows on woodson

financial troubles and egypt which plays a vital role in regional stability. the block has announced more than $8000000.00 in a to the cash strapped nation and upgraded its relationship with kyra. today, marks a historic milestone with the signature of our joint a corporation for strategic and comprehensive partnership. and given your political and economic weight as well as your strategic location in a very trouble neighborhood, the importance of our relations will only increase over time. the deal comes with concerns as well as planned ground defensive on the region of the alpha and gaza could force hundreds of thousands of people into egypt, sun life, and then to egypt. already how small the 9000000 migrants in refugees press it on top of the fact that on c, c res related has nations commitment to cutting and legal migration. but then

a lot of the discussions address the importance of continuing to confront common challenges for people. most notably illegal immigration is, as we have formed our commitment to combating this phenomenon as these for the day is the latest in a series of agreements between the e u and most african countries and that stuff and the flow of people across the mediterranean to europe. $5000000000.00 is for macro financial assistance. that's a loan. the e u is offering with low interest rates and favorable terms to help stabilize a just fleeting economy. a mix of grants and loans paid over 3 years would allow egypt to fetch a protective board is particularly with libya. it's a k transit point for people from being one poverty in africa. and the middle east and a u funds will support egypt and hosting almost half a 1000000 refugees from saddam most have floods the needed year long conflict. their rights groups have condemned the deal. human rights watch criticize what it labeled. a use cash for migration control approach,

saying it's trends for terry involved as well. betraying human rights defend as journalist lawyer, as an activist whose work involves great personal risk. joining us now from de la as osmond technologies in economic and political risk analyst, and middle east and north africa director at the global council. thank you for your time, mr. hanna, itself and said that egypt is just too big to be allowed to fail. isn't that how important is economic? it's political stability to the region. well, egypt economy, the size of its population is proximity to europe and its importance to the mediation process. and the israel palestine. conflict means that you couldn't witness a place like egypt to send it to greater economics term, especially as, as we've seen, increasing numbers of egyptians use libya as a culture and bar cation for european found irregular migration. and that software gets that before the 7000000000 package from the u was approved. agents economy was

on the break. and when the i met, approve this long earlier this month and a $1000000000.00 long the, you felt that it was confident that he was going into a, into a direction of economic reform. and the i'm s o m s approval was a seal of approval that year and then you could feel confident. yes. that it could extend this into to each, especially because i am if knowing was of course, dependent on egypt flow saying it's common. see, wasn't it you deal just the latest. you mentioned the, i am at the united arab emirates investing billions of dollars just how much will these groans these lows, these investments, how the egyptian economy, not just in the short term, but in the long term between the island and the you and the world bank i'm the, i'm a rocky blanche. egypt has not received the close to $57000000000.00 of financial lectures, and this will be enough for egypt to meet its hard currency requirements into short and medium turn in the lots are beautiful make to make to make more difficult choices. it will need to reduce spending on the products with questionable economic

returns, and they will need to develop its export, declined the egypt, and imports a lot more than its exports, which is what caused this fun, can squeeze in this foreign exchange crisis. and more importantly, you will need to create a level playing field between the states and the private sector so that it becomes a more competitive economy. yeah, it's a lot of criticism off the ministry in the states finance. this isn't that you touched on what's happening? oh, the egypt border with god. so just how worried is the european union about what's happening and gaza and what that could mean for the flow of refugees into the continent? well, europe is more is worried about a couple of things with regards to guys. of course of the displacement of our students if goes with decides fits, the israel decides to launch an operation into profile. there will be a virus of displacement into egypt which will create more economics pressure on, on if egypt and the,

of course going to the strength of stem migration is pursue the policy of border extra extra lies ation. by working with southern mediterranean springs to police, they're causing spencer. i thought i better screening prophecies at your to ensures when those migrants have arrived. and we shouldn't forget that this is in the context of european elections in the summer, where the migration is a very polarizing issue. when were you have? yeah, right? cleaning parties on the ascendancy in your and the european union, the policy that you're speaking of the externalization of, of security when it comes to refugees and migrants. it's been criticized before and the european union's own rights. what stock has criticized the laces deal saying that it falls short on human rights safeguards? how effective us such deals? well this, this is a debate between values based versus security based approach to, to asylum seekers and irregular migration as the,

the resources that europe is plowing into northern african economies. i see the streets of the symptoms and not the root cause. the root cause is economic miss my, its mental conflicts happening from the health to north africa, to east africa, and economies that are failing. so these, these, these are much harder issues to solve it. so you're off for a band aid solutions helping to stem migration using the security based approach. and just lastly, mr. had all given that 2 thirds of egypt, sions a currently living under the poverty line. how much do you think that all of these latest bronze, these loans will help the average egyptian? well it's, it's hard. it's hard to assume the median back to this, you know, to this trickling down to the, to the ordinary egyptian difference have been suffering from the shocks. the fund demik, the loss of towards them arrivals from the pest demick and you have this was kind of a reduction of revenue. so in the sense and then you have to put the complex and startling

egypt and again sit down and, and, and the gaza. so in terms of long term, beautiful need to have a structural reform to address address a trade deficit, then a desk burden. that's, that is driving the junction people's down and causing inflation and having eroding their quality of life and increasing the poverty level. so you said you discussed hello. thank you very much for your time. thank you. take talk has brought us as an influence is overnight fame. the app is one of the most popular social media platforms with $170000000.00 uses a month in the united states alone. but it's owned by chinese company by tons of the us as defense, ties with badging fractions, national security, the senate could soon possible to band tech talk if the chinese on a doesn't sell at stake. content creations and millions of businesses who make and live in posting videos could be affected. it took talks is more than $7000000.00

small businesses and the us advertised products on it's app, generating $8050000000000.00 in revenue a yeah. the food and drinks industry and the health and wellness sect to advertise most on the platform. and amazon is the largest single advertiser on sick talk in the us. it's invested $22000000.00 and as in 2022, followed by a television network, hbo which spent $19000000.00 with joining us now from london is very let on. very so he's a professor of economics. so shell, gigi and digital social research at the university of oxford and also of the book cloud. empires, thank you very much for your time. so let's say, can you briefly talk us through how people make money on take talk? well, there's a few different ways that people make money on take talk to take them, does pay some content creators of the bases abuse, but the payouts tend to be smaller than on. for example, youtube. um creators kind of also receive virtual gift from us. um,

which translates into additional payouts, but creators tend to make the most money by producing sponsored videos that advertise products and creatives can also directly sell their own merchandise. okay, around a 3rd of us adults use tech taught. we know it's especially popular among young adults and tech talks as the 7000000 small businesses in the us use the app. so what does that steak for creation for businesses to take talk has been especially important for small businesses to find new consumers. and it's been important for a lot of the creators who produce the sort of the content that goes viral and, and follows trends and appeals to the kind of mascot, a personalization. alberta them now take talk is a build time. can the content creators and businesses have the same success on

other platforms like youtube, like instagram, the, the absolutely could or, or let's say if take talk, disappear today. instagram and youtube would probably pick up most of the business . but it's not necessarily the same business as the same advertises and the same creators that would strive on instagram and use youtube because take talk is mentioned, is all about appealing to the algorithm and, and following these hyper fast changing trends. whereas the other platforms are a little bit more about cultivating an audience of regular follow us. so the total size of the 5 probably wouldn't shrink that much. it picked up suddenly disappeared out of the same. but that would be a bit of it. redistribution for our off off income from some creates as to others, and some small businesses would, would probably lose out. and now there's possibly can. okay, so on the redistribution,

how much would the tech talk bad benefit of the social media companies? well, the textbook share offering esco's video ad spend in the us according to data from the markets. a is about 6 percent. and a youtube says about 8 percent and meadows, which include say, as the ground and on facebook is about 30 percent. so we're not talking about a huge a, a part of the pie, but still noticeable. and then when it comes to the creator and calling them, it's much harder to say because there are really reliable statistics ever available on it. yeah, take talk, finances on poverty, disclose this what kind of response lot, right. can we expect from china if tech talk is in the band of the us? well, china already heavy, restrict spar and media ownership. so for instance, apple's media platforms like apple tv and apple books are already not available in china on youtube is not available in china. instagram is not available in china,

so the potential for sort of sets foot time response seems pretty limited. but of course, china could respond in some completely different way, and this could easily accelerate the so called tactical between us and china. that's so far being playing out in, in uh, mike projects and, and 5 g networks and then clogged data centers because both superpowers view the global success of the tech fence as essential to jail, political power today. very let on invest. i thank you so much for setting life on this for us. we appreciate it. thank you very much, elizabeth. and that is our show for this week. get in touch with us on x, formerly known as twist that i'm at and is put on him to use the hash tag, h 8 c t c. when you do or drop us an e mail count of the cost at eligible dot net as our address and as well for you online at all to 0 dot com slash ctc. that'll take you straight to

a page which has individual report links and into episode of these catch up on the and that's, that's the best edition of counting the cost on elizabeth put on them from the whole team. thank you for joining us. for news on the algebra as next is the biggest global electron yet in history, the world's biggest democracy, off its own epic. so don't join me street of oxygen for a new for bought be focusing on india. in this episode, i'll be examining where the democracy is being undermined as political opponents of driving us been that in the body of the thing, an avalon cut often charges even before full talk on the report was due on the the, the, in a well for the douglas hope was so scared you donated. we delivered in

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and question the youth and the business of our around the go on out just there. the . ready of the drugs, this is the 5th nearly 6 months into the wall of the united nations security council of demands and media ceasefire. garza the hello, i'm don jordan. this is out of their life and go house and coming up on the ground . that little changes, the casualty is still mount as rarely as strikes. it targets across central garza getting at least 50 big political changes and sent it to the country set jobs, youngest and oppressive.