the, the, this is dw news life from the lynn and a historical breakthrough of the comp time at summit. all night negotiations in dubai result in an agreement to transition away from fossil fuels. the hot for deals and the powerful signal to investors and policy makers. scientists say it is the last best hope to stave off climate does often bulls that coming up on the show, pressure is bouncing on israel over it's full against hamas and gaza. the huge majority of the un general assembly voted to back an immediate cease fire that

israel says it will continue with it to the senses. i'm president invite and supports ukraine and its mission to secure more u. s. 8 to president on my walk away from ukraine. neither will the american people that republicans off still blocking us funding. so you cranes vote against the new campus mckinnon. great to have you with us. after all, night talks of the you and global climate conference in dubai. countries have agreed to a deal which calls for transitioning away from all fossil fuels. some $200.00 countries agreed to a conference declaration of to much debate surrounding it's wood and also accusations of interference from fossil fuel industries. observers are describing

the final deal as a major step forward in the flies, the gains climate change. i started the reached the you environment conference delegates agreed that fossil fuels have got to go to keep up efforts to get to know more than one and a half degrees of global warming by the middle of this century. fossil fuels are by far the biggest driver of human and used climate change. we have given at doodlebugs action plan to keep 1.5 within reach. this is a plan that is led by the science is a balance of the coast emissions. many will lead us present at the summit, see it as a milestone. power for mine as i, this is a day of great joy. many people across the board have worked tirelessly to achieve

this research. in job items, it was no easy feat. the agreement came after hours of overtime negotiations, the device summit, some parties were opposed to the woods phase, out being included in the the phrase was eventually replaced with transitioning away from fossil fuels. some plan with activists feel a disability too late. texas, it is now is still a death sentence for the pacific. we can celebrate the small incremental changes, but it is not enough done in the to adjust the root cause of the comic process, which is the extraction of fossil fuels. there's not enough in the to address the phase that a fossil fuels and we cannot continue the company and celebrate just the peanuts that is given to our region. other critics of the deal say it does not impose enough responsibility on goods, countries to good fossil fuel use and provide student to support the low income nations that did not stand in the way of going through

dw, is tim showing that his into by gave us an assessment of the reactions to the deal a fault it is for such an historic deal or has at least a story, elements for 30 years of climate change to climate change conference history. it was never possible to mention fossil fuels in the final agreement. and now parties have agreed to just transition away from fossil fuels. so this is huge, and this is indeed historic about germany's foreign minister said before. we have been with one foot in the fossil fuel worlds and with one foot in the world of the renewables. now, the end of the fossil fuel era has been decided for 2 years ago. it was unimaginable to talk about to negotiate about fossil fuels. this has been done here before the hub metals we saw that in the, in the past days it was really emotional. but we also have to say those commitments on non bond. so it really depends on lead us to go back home now and put into

practice what they have decided to you. otherwise, it's an historic agreements on paper that was 10 channels as reporting from to by now, israel is coming on the pressure from key allies. it's war and gaza, often months of storage support. the us president joe biden criticized israel on tuesday for quote, indiscriminate bullying. and gaza, a vote by the un general assembly also indicates as rails grown isolation on the well stage. then the nations overwhelmingly back to resolution demanding and immediate humanitarian ceasefire and gaza. but israel insist that will persist with it's an ground defensive against hum us, which is classified as a tyra group by the us, the you and several other countries. there was celebration of the un ceasefire resolution paused with more than 3 quarters of the general assembly voting and save

the on the desk. and this is rails un on bassett. a had all you before the vote, the resolution would only benefit a mass, but just a handful of countries joined israel and it's closest ally. the us inviting, know, hasn't been adopted to day was a historic day in terms of the power for the message that was sent from the general assembly. and it is or could active duty to continue in this path until we see. and then through this aggression against our people, while the vote in new york demonstrates much of the world once in the end to the fighting. these riley government seems determined to press on. it is repeatedly ruled out ending military operations until all the hostages and calls it a fried and a mass. it's just mental that's despite thousands of posting and

casualties. and the increasingly dia humanitarian situation for those trapped within the besieged territory. these a trucks entering the southern city of rafa from egypt, a gauze is lifeline, but fall to few. i'm making it through on tuesday, israel said it would facilitate more a deliveries by starting to check a trucks at the care. i'm shalom checkpoint before the mass terrorist attacks on october 7th. most goods entered gauze via this is really crossing. now israel says convoys will only be inspected, occur amish alone, and will still have to enter from egypt. this is a look at some of the other headlines making news around the world today, and donald task has been sworn in as the new prime minister of poland. ending 8 years of populist rule. he heads

a pro european coalition government and his vowing to restore opponents position in the you. he also said he would a to the west to mobilize in supports of ukraine. knowledge and tina is new. economy minister has announced he has slashing the value of the country's currency by moles and holes. the move is positive measures intended to ease the worst economic crisis in decades. argentina is a new right when populous president of the mulay has promised to drastically reduce public spending. and you, prince president, blood, to me is a lensky has met with political leaders in washington, dc, and a bit to get more support for his country. suffice it gains russia. the white house says current aid for ukraine will run out by the end of the year. as republicans in congress refused to release additional funds of the meetings the landscape. president biden warned republicans, they'd be giving russian leda beloved miss suits and a christmas gift. if they continue to withhold military aid,

the food is banking on the united states. failing to deliver for ukraine. we must, we must, we must prove him wrong. a strong warning from us president j biden directed straight to the united states congress, where republicans blocking a $61000000000.00 defense package for you. right. thank you, mr. president. standing beside him, ukrainian president for low dom is zalinski, said he had received positive signals from no makers about the possibility of more aid, but no results yet. and as us funding for ukraine is foster running out republicans a, digging the heels and republican speak up the house of representatives. mike johnson came out of an earlier meeting with zelinski and moved. so

what the bite administration seems to be asking for is billions of additional dollars with no appropriate oversight, no clear strategy to win. and, and none of the answers that i think the american people, her own domestic politics is also guessing in the way republicans say they were in to proof of the financial support to ukraine, unless by degrees to tougher reforms to reduced immigration across the southern us . buddha, welcome back. the u. s. president underlined his backing of ukraine several times during the lensky show trip to dc. but without the supports of congress, he could only sent him home with the fraction of the funding he's hoping for. germany's 3 policy coalition government has reached an agreement on the 2020 full budget. now this ends a weeks long crisis, triggered by a constitutional court decision that blew a 17000000000 euro hole in the budget. according to the new plans,

the government will make cots to its climates and trumps a nation fund. while financial support for ukraine will remain in place, the constitutional court had ruled, but 60000000000 euros, and emergency loans to combat the pandemic could not be reallocated to the climate of funds. the government had done just last in violation of the countries strict limits on borrowing, known as the debt. great. and to discuss this further, i'm joined in the studio by my business colleague, chris cope at chris. good to see, i'm so the german government has agreed on these costs instead of spending more money. so can you explain to us why the german government is so very reluctant to go into debt? because as i mentioned, there is the debt break and is in try and in determine constitution of the debt break says that any german government is only allowed to take on 0.35 percent of g p. s fresh depth. and the liberals,

which are part of the 3 party coalition for adamant to, to adhere to the step break after the government has been suspending the debt break . during the corona buyers from dynamic, for example, or to offset the impact that russia's warren crane has been having on germany the have been calls to, to reform, to change that, that break. but that break by economist saying that depending on what you spend the money on, there's good and that's the good and bad debt. but in order to change that, you need to support of the opposition in parliament, which are the conservatives who came up with the idea of the debt breaking the 1st place. so there is no support there. so they have to adhere to that break, meaning that they have to make amends. they will cut the subsidies for diesel use by farmers. for example, for the solar industry. they're coming up with new taxes for plastic packaging or a tax on carriers and used on domestic flights. and as you mentioned,

there will be cuts to the climate and the transition transformation fund of the challenge that left. so it's um, how does out into speech to paul i'm going to invest heavily in the green transition despite this whole budget crisis. so is this reflect to them? the numbers now agreed on it is because the german government, german state is heavily investing still in this transformation, but to a smaller to the government will put 12000000000 euros less into that fund in the coming year. and up until the year 202745 1000000000 bureaus less so in the coming years overall, there will still be under the $60000000000.00 euros and to be invested in the transformation transition towards the clean energy. and so a green economy, but it is significantly less than intended by. okay. and looking at the german economy, which isn't growing right now, is it? so what, what does all of this means in which i'm gonna call it makes it means that it could

be more difficult to get out of this slump. because conventional economic wisdom tells you that in times of low economic growth or no economic growth, it's wise by the government to, to, to spend money to invest, to get the economy going out. there is no room for these expenditures as we have learned. and so with the emissions charge that people and companies are paying for fuel and for heating sets to rise. so we'll costs for households and, and companies. that's another, another burden here that we're looking at, making it more difficult for the economy to grow. there could be support from a different area though, because we have seen that collective agreements have been pushing up wages up to the, to it, to a level that is higher, that inflation is right now. so there could be support for households who are, you know, spending, spending more money and with inflation set to come down further. in the coming years, there is the hope that the european central bank will also lower interest rates,

which then again, could be a boon for the economy. so it's no bad news then. not all that, but um it is, uh, well, it is challenging. all right. uh, business colleague, chris cope, i think so much and with that new up to date and then you can look at them. thanks so much for watching the w i. c, c, the, we want to be the number one for the car is the car to clean empire of crime. who's even up to us tells one point a made up currency. then she disappears without the trains of financial thriller about the world's most wanted woman crypto queen stops december 30th on dw.