is critical for right now, we're not far from completely shutting down all the further this with detail coverage houses are being forced down. they live with the constance. fear that more is right is hawks, are never far behind from the hearts of the story. the is very well in the gaza strip, has led to talk to can go your human carrying position as a huge amount of waste, like courses that 3 the, the hello, i'm adrian. second of this is counting the cost on al jazeera. you'll wiki, look at the world of business at the comics. this week, it's described as the world's most time vicious climate plan. the e is green deal though is facing serious challenges. so click the box election results effective future. i started review for south africa's ruling policy and

parliamentary elections. has the amc failed on the economy, a real sharing power help it fixed the nations was that i've chemist on has been cut off from the instructional banking system for a few years now. but the ton of on government says that it is becoming financially self reliant air conditioning, the president asked to live on the line and failed the blocks climate plan in 2019 cooling. if europe's man on the moon moment that landing of the so called green deal low is now in question. the package is aimed at making the use economy comp and mutual by 2050 out of cost of more than $1.00 trillion dollars and investments every year. the next you are paying commission will be tasked with raising more funds for the package, but support for it among voters is declining. as the energy crisis bites the impacts household income's, the possible rise of right wing as

a soft upon entry elections could see the block back to pedal on some meshes. that's kind of a lopez. what i am reports. it's the world's most ambitious climate plan. the european union screen deal is meant to revamp the blocks economy from europe's energy sector to transportation in agriculture. but shifting to a green economy has been controversial, inexpensive. about $400000000000.00 have been invested from e u. funds to finance some of the screen projects. we're also fostering the development of innovative technology. this promotional video was to ensure your opinions, things are on track. let's see how the european greenville is making a real difference on the ground. but some say the green deal, it's an expensive political liability. and one that will force the you to back track some of its measures, particularly in light of the european parliament elections. i think the areas where it will be hard to gain majorities in new cars and then it will be on the

claimant's agenda. so if you asked that question in from the netherlands, they'll say the climate crisis has most changed. i think some about the future if you um us the that question in germany or a sphere, the biggest responses to immigration crisis. critics say families are struggling to make ends meet and money would be better spent elsewhere. 2 thirds of voters, it's happening. the rising cost of living in the you needs to be a priority, including help with rising energy prices. mill workers check one little piece of glass. i see that every month, the prices keep rising. i'm a mom with a single income and 2 kids and it's really difficult farmers have their own grievances, most recently, farmers from spain and france blocked the roads near their border opposing agricultural regulations. their protests have led to concessions before boxy one more to be done. because i know i get the service we don't on the competition to stop. ok, that should be the same requirements. the europe,

i will say in spain and from compared to products that are sold here from milwaukee . for example, the pushback is a far cry from when the green deal was 1st introduced in 2019 as a way to restore the environment and renew europe's economy. we do not have all the answers yet. today's the start of the journey. but this is europe's man on the moon moment. 5 years since the plan was 1st introduced. it's future now hands and the balance nestled between demands for climate action and the economic pains of a green transition. patsy a little bit. so again, i'll just 0 for counting. the cost that's got stuck into this with, i'm passive for who is an economist who regularly advised us government. that is the author of the case for the green new deal. she joins us now from london and good to have you with us. so has the wells most vicious climate deal become

a political liability? the phase has and it's not so much liability as a refusal. oh, you're kidding. leaders to, to tackle what is going to be, what is a great security threat to the people here. and that's because there's a political vacuum at the heart of your. on the one hand, you have to very conservative judgment. finance minister, a absolutely insisting that that can be no coming borrowing across the union, no coming debt issuance. that means raising the finance means go and taxing individuals at a time. that's a cost of living crisis that is understandable on the same time as on the green front. the greens have tended to ensure that the button of adjustment the button, the transition falls on if you like, the 99 percent. those who are suffering the cost of living crisis. instead of aiming in my view,

they should be aiming it. those who are responsible for the bulk of admissions i. e to well see the private debt to in this be the ones that are 60 yards, that the big police is not, not, not, or millions of ordinary household who are struggling to make ends meet. so this combination of on the one hand, the conservatism in particular of the gentleman, finance ministry and the refusal to consider where king joined. see that combined with the insistence that actually the people must pay for this at a time of cost of living classes. those 2 things i think make it really very challenging to renew the upside. how soon for the green do? and i suppose that explains why people are moving the support to what's more right wing policies that do you expect the next the you part of it then took toward to down the objectives of the green? do i see? you know, that company will happen if it's a sign i'm sitting is not available. i mean, back in 2020 your didn't amazing. say there you can,

governments came together and issued the corona bond to deal with the crisis of the time. and it was modest. it was a uniting action and it was something that it delivered results without actually demanding high a texas on the end or individuals inside your opinion and, and, and the end of that was loaded with increased investment and then jobs. and then tax revenues from net increased investment. the fact that you wouldn't think about that now is down to the conservatism of the as i said, the german finance ministry. but it is also a, at that for c p, that politics seeping through into the far right. who would need support? because people feel it's not fit that they should have either. but, and this adjustment, where does this leave individual e governments? then each state's a court between or what kind of home place doesn't. i mean,

i think from us we'll go ahead francis, very ambitious name. really. what we will have to do is to look at what time there is day trying. the reason why see china is using the state to invest in the protest formation to support the private sector, and to enable the private sector to, for example, produce green energy to produce cost. that's a electric cost, for example, is a big investment. and they don't do this without state support. and the fact that the union is led by politicians who believe the state should not play a role in this means that we are falling behind both china and the united states with the budget ministration. as use the state to stimulate and to support investment both in the public but over the private sector. so how does brussels go about selling this to, to the electorate? now i'm to individually you states what i think i suppose has to that get heads

together. senshi the people, the viewer of the paper with yearbook pets. you weren't aware of the scale of the time of crisis davis there in jury yet at the moment they just don't want to. they just tell it's unfair to ask those. the poor is the most vulnerable in society, if you like, nothing to do not to the middle classes to pay for this time. so your next time when there was having to deal with other areas that the leaders of the union of may . so i think the role of brussels is to bang political heads together. and in particular to for mister schultz in germany, to, to have the courage to take the lead and override his minority. possibly freedom of what i forget what they called, but the party that is in charge of the finance ministry and actually to act over and above that. that's what it takes. it takes some political courage. what's your feeling on it? is the you, you still on cost a hit, it's net 0 target by,

by 2050. and so what are the consequences of, of not hitting that target with that? so not to see it's not can be possible because this isn't an age, a task of complete transforming economy away from his dependence permits addiction to fossil fuels. you know, we've got to have to come to say corporations and companies who are going to have to make the losses that they're going to have to give up. and you know, well, and guess and, and comp and complementary. the energy and, and, and to. so that's going to have to be compensated for them to be financed. so without that, what we doing, what youth is doing is leaving hope people longer boat variable to floods drops. harvest favey is every culture loss is massive agriculture losses from treatment breakdown that is to failing that unity to protect the security of the citizens of york. and that their faith and people have disillusioned that 10 to the right to

strong man. if you like a woman in the case of europe, for protection from market forces, that homie the livelihoods and their opportunity to use an attorney away from main student politicians. so that's what makes it very, very much harder to raise the finance need. we need some leadership from those who support the green. do not a colleges. it's really good to talk to you on that effective date to being with us on catching the cost you. this is greg and your reply with the confidence housing crisis, shortages of affordable housing of smock protests in lisbon amsterdam, proc midland and outside the you in london, yours. that data shows that across the $27.00 ben block. house prices jumped by 4070 percent between 2010 of 2022, or whence rose 18 percent over the same period. recent research has found the link between the rising rents of votes for the falls lights on the concept. the world

bank says that one in $311.00 e is pool and what was once an upper middle income country level runs, economy began to unravel. 5 years ago, the international monetary fund, the says, the meters haven't done enough to address the crisis. so hold up reports from a route 5 years into lebanon's economic collapse. there's still no accountability for the $70000000000.00 wiped from its banking system. instead, depositories have been denied access to their money, which was borrowed by a now nearly bankrupt state. years of corruption leaning on the political and business leads have impoverished society. and michelle, italy of it's this case, are threatening his life. he needs a heart transplant. if i have my money, i can go to germany. in germany, they can provide me with a heart. and they can provide me with the medicaid has got for

$120000.00 since i don't have it. when i'm waiting to buy, the middle class has practically banished one and 3. lebanese is now poor. that means they are less than $90.00. a month, not only has the number of covers, people increased, the world bank says they're also getting poor. in a recent survey, the international financial institution said 3 quarters of the population are like a bu becker, who struggles to have access to services like electricity and education. is it possible? i'm at one point i stopped my studies because i couldn't pay the fees. now i have to work to finish my education. life is particularly hard for those who don't have access to foreign currency. they are exposed to escalating installation. over the past 5 years, lebanon's economy has shrunk, its currency has collapse,

and inflation has skyrocketed. and while more people are out of work and public services crumbled, there is a vacuum and the executive authority, this is no longer an upper middle income country. so sometimes i have my theory. so in my eyes, because i come up to what i used to do, i'm not the baking. i am not, i don't want to be as a big go to ask for help. i just want my money. they will not give it to me. and political leaders have you have to implement a recovery plan center for their elders. eda, for counting the cost came to pass 30 years ago. at the end of a policy, it's guaranteeing the rights of all citizens, regardless of race, religion or gender. but many say that south africa's african national congress has failed to deliver on its promises. it's being blamed for the nations high in equality unemployment rates. and the a and c a. p is to paid a high price in the recent parliamentary elections. nelson mandela's liberation

movement has lost its majority for the 1st time since 1994, i will now have to share power with other policies. so how will that affect south africa's economy? we'll discuss it with, i guess shortly. but 1st, this report, i saw how does that go? it's been the dominant force south african policy for 30 years. yes. good, national congress or even see who selected 1994 on promised to build a better life to winning more than 60 percent of the vote. in the country's 1st fully inclusive election. it brought an end to 3 centuries of races apartheid policy. but after 3 decades in power, black south african say the amc has broken its promises. the n c used to be the political applied to that is been the for the,

for the black majority to only to find out that to that, not the in last week's election, the party managed to secure only 40 percent of the vote, forcing it to try a form of coalition government our people have. busy whether we like it or not, they have spoken of the economy in recent years, has been defined by stagnation and exclusion with black south africans bearing the brunt. it's a lesson plane, see that the good for the defense. that'd be much. does the 60 men do service deliver to the people who are the $400.00? because the 2nd white south africans typically are more than 4 times as much as black south africans who account for more than 80 percent of the population. unemployment and poverty remain concentrated among the black majority. a 3rd of the labor force is unemployed. that's more than in war torrents to done. but business

owners say they are not sure if a coalition government is the answer to their problems. quarters in mixing the programs or the government course. no. because these are the owners negotiations. yeah. for those negotiations. but so that's currently 6 which c but so i just thought i'd skipped the amc could align with parties that push for center. right. policies such as privatization for with left just parties, the call for the nationalization of reserves and the central bank. wall, south africans wait to see if a government can be formed. they can only hope that a coalition politics will mark for them. the beginning of a new era of prosperity funding, which is 0 for counting. the cost for more of this were joined by mo,

let same becky, who was a political analyst and the chairman of the south african institute of international affairs. a think tank based at the university of its forces ran good to have you with us now over the last 30 years in south africa, poverty level, so full and people have had access to about a housing a but a health care on average. people have become richer, so why is the and see been accused of mismanaging the economy as well initially people but rich. uh, but over the last 15 years in put carpet uh, dams. people have actually become in for uh, the gdp pick capital. so left for guy has been declining since 22008. so that's what has been happening in the country. nearly a 3rd of south africans are unemployed right now. why is that? what should the, the previous and see lead administration of done to fix that?

well the, the manufacturers of cause one of the fact of it is that the south african economy is a mineral driven economy. and it, and that to assignments that it is both a positive and negative is a positive in the south. but we have huge and mass ro, resources. but export of natural resources causes what is called the dad's disease. which means, but it makes a lot of manufacturing expensive, and this is what we have been seeing. and so i've, i forgot, it's been the, the industrialization of a fall i caught on me during the last 1500 years. south africa is also at the moment the most on a cool country in the world. what's behind that? as well as possibly the heat is jay, but what, what do,

what does been happening? and so that for guys that is the policies of they is the government have been focused on developing this at as small. busy black, middle drugs as so resources have been transferred from the rest of the economy to this is usually very highly paid black middle class, especially in the, in the, in the public sector. this has had a the, the result of undermining investment in infrastructure in job creation because of this consumption of the middle trucks. but that the policy is of the uh, amc government have been driving. and that's one of the major problem. yeah. with our economy and with the new quality. in fact, today, there's more inequality amongst the black people that there is between black and

white because of this mushrooming of the black middle class, but at the expense of the rest of the economy, which is that it's been stable. so what's the will the next administration but the coalition government have to prioritize as far as the economy is consent? well, as far as the economy is concerned, what one of the top priority is must be to remove the control of electricity to supply and logistics from the state and give it to competed private companies do to operate. that's why the 2nd one, it will have to gets rid of what we call the black to the comic involvement, which gives percentage of the company is to do the black, middle 12, especially apply to members of the ruling party. a 26 percent of your company, if you a set up a company is, so that's

a guy you have to give that is that's, that's the oh, this is do this like middle class which is called like economic composite. that also has to go because they use this incentive to companies investigate how long do you think it's going to take a ton south africa's economy around a enough to satisfy the boat and free generation. those born off to the end of a positive? well, it's not going to take very long to tell them that you caught me wrong because sounds like you're getting caught means they is the better commercial economy. it has a better import, the better possible infrastructure. the infrastructure has not been maintained during the last that years, so it is due to a rate that a so if you be happy to take the infrastructure and use that rebuilding, for example, low income housing. this content that you connect me out around very quickly. and

what so do you make of state economic agendas of the various policies that could make up a coalition with the amc? what? well they as far as i couldn't make out that there's a whole list. we remember we have more than 300, but did you go apply to that to register and 52 of them called test the, the, the tasks now the mess out by them. and so you can imagine all sorts of crazy ideas of that in the, in them in the money 1st stood up. but there is nothing really serious in their mind. it says the into the, the manifesto there really, but really got to talk to you. so i'm counting the cost manufacturing day for being with us. thank you. a saudi arabia's oil giants. aramco started a massive shift sale to raise around $12000000000.00 last week. it's the state company, 2nd public offering since 2019 the kingdom is seeking funds to help pay for

a multi trillion dollar mega projects. as a pause of an economic transformation plan, saudi arabia has choked up its 6 consecutive quarterly budget deposition, and it's fully oil revenues. egypt to raise the price of heavily subsidized bread for the 1st time in decades. the price of bread will jump, 300 percent to 20 past is below. starting this month, state support for other services including few electricity have recently been lifted. a height and bread price is spot on. rest of the late 19 seventy's and force then president on was so that to reverse course the united nations is set to be bringing in up to $18000000.00 worth of cash shipments every 2 weeks to sustain itself peroration to enough chemist on a despite the shrinking economy comes off from international banking. the tub on government says that it is able to sustain itself. i am the increased public

expenditure. i'll just say it was a solid and job. it has more for me to come in eastern afghanistan. from here dry is justine to the parts and from chrome, paul cummings declared origin. see eloise, these crew, my trucks are viking for all of them. that them on means the price per ton has jumped $3.00 times in the last 2 years. and mine's like this turned out $250.00 tons per day. mendel's like cool might on the backbone of the kind of economy and a lifeline for its current rulers. these were because of the lucky ones, because unemployment has doubled. the un says of understands the economy has contracted by 27 percent since the fall of one take over in 2021. the u. n. is set to be transferring up to $18000000.00 in cash shipments every fortnight the sustain itself, patients. and that's because internationally, banking remains unavailable because of the sanctions and the consent to the banks. $9000000000.00 in reserves are being held outside. the con is done. that includes

$7000000000.00, which the united states as equally split into a fund for $911.00 levy claims and payments a couple months called illegal and quote. they like property that the thought of on government says it has been able to generate enough funds to be able to pay salaries and increased annual spend. most of the time the we generate income internally from 3 different sources, taxes, customs, duties and non tax sources like mind, royalties and government services such as license is boss votes and results. these are our main sources of income. in the past, there was no security. the republic system was not autonomous, and other people said the tax notes at the moment the nation is getting the hands of the sons of the forest. the transport industry plays a key role in providing much needed liquidity in the economy. by trucks like these traversing from one corner to the other side of the sun. none of these are new sources,

but previously ramp and corruption is no longer as visible. the finance ministry told out to 0 that it is open to any international audit to challenge that scheme of 0 corruption issues such as women's education, civil rights and the rigidity of kind of thoughts, entry and government are still impeding progress. but if guns are also critical of rest and countries who propped up an economy for decades and are now not paying enough attention to the needs of millions of, of guns, some of the driving down to 0 circle. so that's, i'll show for this week. if you'd like to comments on anything that you've seen, i'm at a cent again on x, please use the hash tag h a c t c o. you could drop us a line counting the cost out of 0 don't and that's based on email address. as always as well for you online, it announces 0 dot com slash ctc. that takes you straight to a page and then you'll find that individual reports licks at a time episode, speed to catch up. but that's it for this edition of capture costs my major instead

of going for the team. here though, how, thanks for being with us for news on al jazeera is next and some neighborhoods across lebanon, syrians are being forced out the government estimates. they're up to 2000000 syrians and 11 on one and every 4 people. they are managing the crisis one day, the internal security ex, again, spotlight is and then i don't do anything for years. human rights groups are accusing lebanese authorities of using discriminatory practices against the syrians to force them to return to their country. they include deportations often without judicial review and the latest crack them security forces are closing shops, the legally owned by syrians, nearly 70 percent, according to the united nations don't have the proper documents. the government into boskus is accused of leveraging refugees to extract concessions like the

listing of international sanctions. all the while syrians have no rights in a country that has no loss on asylum seekers or refugees for award winning programs from international. so make, as we've just seen so many people traveling with children, thinking a long and difficult to explore and abundance of world class programming. every time we do an interview, web net with soldiers voices from different quote, stories from other ranks. each one of us is a, with this today here. now programs that open your eyes to an alternative view from well, on algae. is there the latest news as it breaks? the situation is the prince here in the hospital, a desperate attempt to save lives with a few resources left with detailed coverage. its been more. 7 than a and a half hours of civil defense themes trying to put off the fire from the house at

the story palestinian farm was this half a beat to be the p could with hope for old gauze. the families, the a security council, adults, a us proposal for a safe spot and gaza the 1st time in 8 months of will come out says it welcomes the move, but fighting continues in south and gaza. it was late, just attacks, killed h palestinians, and con units. the of them are carl, this is out 0 and my from to also coming up a rush to guest house, thousands play the west and the student is.