in increased revenue economists have long argued that putting a price on greenhouse emissions is the fos this way for business to make changes in the $4000.00 firms with revenue of about 7 trillion dollars already participate in some form of carbon pricing i want to the authors of that report is fakey say best my chief executive of dutch life sciences company royal d.s.m. i cannot mix editor abbott alley caught up with him and began by asking what signal was being sent to businesses with a lack of political will from the likes of president trump who withdrew from the paris climate change accord. well not everybody as i sat is making the right step on himself climate mitigation and we should because we have agreed to is 200 nations in pairs in 2015 but i think all countries in the world where do you step up on climate mitigation or not need to protect your own people your own business

is the most vulnerable in the world so every nation every company in the world need to step up on climate adaptation in your own interests and i think we need to do 4 things especially 1st of all create more transparency on how climate risks are influencing you as a country and every country is exposed for you as a basis in terms of your supply chain in terms of your locations or whatever it turns parents and also investors that is very important secondly you need to protect your own operations taking care of your own supply chain if you talk about food and agricultural products or flooding of your sites or drought state your workers cannot come to your sites certainly you need to focus on innovation trying to be new products new solutions and as a company you can make money and as a society you are served by those innovations we for example make the oceans more resilient for fishing we make culture and africa more resilient to doubts and to

force an amount is that for the sea to advocate for climate mitigation as well as adaptation and i think there is no country in the world who can escape from that you mentioned investors in your examples that you just gave there for too long businesses have been run for shareholders and to make bosses rich. so how are you going to make this transformation now to say you know the environment is very important as well. well there is no company who can be successful in a world that fails at the end of the day that will hurt you as as a company and the economy was never invented to make money money is a tool to all to all live happily here it all together and the world to stratton's inequality hunger or climate change ravages at cetera so therefore it's in the interests of this is itself therefore it's an interest of the in economic system

the resilience of our economic system to go for more value creation than only shareholder value creation but also for society. and i think more and more companies see that you see the this is round table in the united states 10800 companies on the day the c.e.o.'s few weeks ago said hey there are more stakeholders than only do shareholders and of course as companies we are not free on topic organizations we need to make money but there are more interest than only making money and there's more interest than only do short term and addressing climate change fire mitigation and addressing adaptation is in the interest of all countries is in the interest of all companies just to future proof your business and invest investors should be interested in how companies are exposed and what

companies are doing to keep the business of also in the long run just looking at the world around you right this very moment in time the kind of the global economy is slowing. and there's a trade war going on between the united states and china which is how many impacts on a lot of other countries how is it affecting you how is it affecting the world what's your opinion as to what's going on. well let's have a look to what's happening in the worlds of ways all the trade issues political tension i think if we look back a little bit globalization is an essential part of our economic system it basically our economic system is based on specialization you are better in this i'm better in saying and let's exchange said the end of the day that is the essence of our economic system traits specialisation and globalization brought for asperity for many countries in the world for billions of people but not for all countries and

not for all people in all countries and we need to do now is not put a fence around the countries or businesses but making globalization more inclusive for all that this to way to go because globalization is i think the absence of our economy because it is based on the specialization model and you see a little bit at this moment that people try to build fences around saying i see that as a temporally movement we as a company because we especially in food are not so much hurt by that at this very moment but is not a good saying and it is not the right for reaction from a correct observation that globalization did not bring prosperity for all make it more inclusive. that was fake talking to our economics editor well as we mentioned one industry that is facing the challenge of adapting to climate change is the auto industry germany's b.m.w. has been one of the earlier movers in producing electric cars it currently stands

number 4 behind tesla and 2 chinese companies in terms of sales i just finished dominic cain spoke with the b.m.w. board member peter not or at the frankfurt motor show mr looking at this motor share and indeed looking at the motor vehicles we can see here does your company see a generational shift in the way that young people to see the motor industry and motor vehicles and what they used for a one of the biggest changes is that younger consumers really value new and different elements of the vehicle like connectivity in and around the car the way they can integrate seamlessly that they still live into the car and it's good to be m w group we are really leading the pack there with our connected drive so that is something we also see a lot of words that we win as a brand for that at the same time young consumers are also more open for for

example sharing concepts and with our drive now concept for example we set the tone there as well and now in our cooperation in the joint venture with di maria continuing that a few years ago people spoke about hybrid vehicles as being the future and yet now more and more companies are saying no electric is the way to go totally electric to use the german phrase they want to move away from fed plan or from fossil fuel fuel burning vehicles towards electric b.m.w. appears to be going that way why at the b.m.w. group be very much believe in what we call the power of choice so we actually deliver various drive trains to our customers depending on their needs because. we believe that impact true impact as a positive impact on climate change will only be delivered if customers want and use these products and it can differ from country to country from use case to use

case so in urban areas a bettery power it's electric vehicle might be to solution and we have great solutions there with our b.m.w. i 3 with our mini electric and next year also with our b.m.w. i x 3 a fully electric version of our most popular b.m.w. x 3 but we also offer a plug in hybrids we use electrified with plug in hybrids almost and our entire range from the 2 series all the way up to our top model 7 series for our customers and 6 new drive longer distances and wants to be able to drive electric in an urban area in a city but also want to have the ease of mind with the efficiency combustion engine to drive longer distances we're also working on new technologies towards the future we show here in france for our b.m.w. i hydrogen next with fuel cell technology so you feel that your company is ready for climate change and can actually make

a difference as absolutely so we believe in the power of choice and it's a true customer centric attitude we deliver what the customer wants and can use and with that we will have the biggest positive impact on the climate change and looking at another global fact of these days the trade war is the trade war hurting yourself hurting the alter motives industries so well of course as a b.m.w. group we are a global operator we very much favor frictionless trade also free trade without terrorists but we have a very global production edwards with what we have are a biggest clowns in spartanburg in the us in south carolina but we also have production here in europe and also in china so. well set up also for a world where there might not always be frictionless trades but of course we wish for and cole a phone call from and to enable frictionless trade because we believe that creates

most value for our customers as well speaking of frictionless trade one issue right now which is dominating the debate it seems in the united kingdom but also to a certain extent in the e.u. is braggs it's what do you see many people in the u.k. it always said all well german calm makers will still want to sell their products is that really a factor for b.m.w. for other german comedy his at the b.m.w. group we are very much committed to the u.k. is an important market to sell our great cars but also it's the home of 2 of our festen it's in brands many and rolls royce so we're committed to the u.k. we produce many in oxford's we recently launched our mini electric to be produced in oxford starting this november we call on the politicians to make an end to this period of uncertainty because uncertainty is not good for business and enable to enable further successful production from oxford's we need clarity and

also we wish for is situation where the restriction is straight across the channel and what does that mean for jobs because certainly other german come in you factor so for example folks have concerns that shifting towards electric in the production of electric cars might not necessarily mean the end of many jobs but it might threaten the jobs are you confident that with all the things that your company has in place that jobs are secure well there might be a shift in the type of jobs that will be needed to worth's the future also in electrification further against around but it will also create jobs in other areas we talked about connectivity in and around the car so. we already have thousands of highly skilled software engineers within the b.m.w. group that are important to deliver on those customer needs is another from b.m.w. management or thank you very much how president trump has delayed by 2 weeks

a plan tariff on some chinese goods are the beijing decided to exempt some u.s. cancer drugs and other goods from new levies trump said he liked to reach an agreement to end the trade war which has been going on for more than a year now of both sides have increased and added tariffs in recent weeks affecting global markets and supply chains but despite some disruption there are also opportunities for business is in asia a scott higher reports now from bangkok. with trade negotiations between the world's 2 biggest economies still a work in progress china's close and reliant neighbors are feeling the impact. on the outskirts of bangkok wrote the poem runs a house where a company started by his father the medium sized business is heavily dependent on china factories their supply raw materials wrought upon users to manufacture products for his thai customers the trade war is costing him money but despite that

he sees an upside. down i think there's a benefit to be made china may have all the materials that are needed but here we have skilled labor who know the we can export our products without going through china worry about the trade war in one high profile case thailand has actually won new business as a result of chinese tariffs on u.s. goods u.s. motorcycle giant harley davidson announced that it's moving the manufacturing of its china bound bikes from the u.s. to thailand by the end of the year this to avoid tariffs levied on imports of american vehicles. the company had actually opened a factory in thailand before the trade war to supply the growing east asian market but an economic advisor to one of thailand's largest companies warns of a threat not just to thailand but to the global supply chain if china and the us can't settle their differences soon. cleared going to last longer they're going to have. a long lasting chanting of the team.

that you seem to me going to be become more in the now in the now rice that you called on me. that means china will rely less on neighboring countries for materials and goods producing more of its own that be bad news for countries like thailand its largest export market is china the economy here relies heavily on its big neighbor to the north so businesses could be forced to recalibrate their supply chains it's got harder al-jazeera bangkok and that is our show for this week remember you can get in touch with us by tweeting me at and use the hashtag a j c t c when you do drop us an email counting the cost that. is our address as always you can visit us online at www dot com slash c.t.c. that shake you straight to our page which has individual sports links and entire

episodes for you to catch up on. that is it for this edition of counting the cost has a secret from the whole team here thanks for joining us the news on al-jazeera is next. flight has a ways to experience the world like never before catatonic ways going places together. 3 months of protests on an unprecedented scale that would virtually paralyzed cause what began as opposition to an extradition law escalated into a broader pro-democracy movement so how and why did this crisis develop and what

would follow in the 2nd of 2 special reports people in power examines the calls using possible consequences of home summer of defiance on al-jazeera. saudi arabia cuts on oil output by almost following drone attacks and killing facilities. the us state blames it wrong for the attacks on saudi aramco despite claims of responsibility by yemen's hoofy rebels.

hello welcome to al-jazeera life and. that is also coming up in the program chin is ian's head to the polls on sunday the country's 2nd presidential election since the 20 levon arab spring. and after 6 days in the mediterranean sea dozens of african migrants set foot on dry land in italy. but 1st the u.s. secretary of state might prompt has accused iran of direct involvement in saturday's drone attacks on some of saudi arabia's most important oil facilities this is the tweet that he put out saying tehran is behind almost $100.00 attacks on saudi arabia while rouhani and zarif pretend to engage in diplomacy amid all the calls for deescalation iran has now launched an unprecedented attack on the world's energy supply there is no evidence the attacks came from yemen but the hoof is say

they are behind the attacks on the world's largest petroleum processing facility at a as well as on an oil field in could ice and that's false riyadh to temporarily cut all production by around 50 percent of the u.s. president meanwhile donald trump he's called it an attack on the global economy he spoke to the saudi crown prince mohammed bin soundman and said he would guarantee saudi security as our binge of aid begins our coverage of the world's largest oil processing facility went up in flames after a drone attack amateur videos captured the fire and smoke at saudi aramco is uptake unit it was targeted by drones belonging to yemen's hooty rebels with a capacity to process nearly 7000000 barrels a day a big plays a pivotal role in iran because operations and the oil fields in her race which produces a 1000000 barrels a day also came under attack. state media carried

a statement from the interior ministry and said the fires were brought under control saudi arabia has been leading a coalition against the who does in the war in yemen since 2015. the rebels say they want the world to see that they have a list of targets which they can hit in the kingdom look at some. attacks are our right and we warn the saudis that our targets will keep expanding we have the right to strike back in retaliation to the air strikes and the targeting of our civilians for the last 5 years saudi arabia accuses iran of backing the who these a charge denied by the rebels some believe the saudi response to the drone attacks is going to be more of what's been happening during the war in yemen this would probably help them project their what they've been doing in yemen as something legitimate especially given the international report about the violations and about the at truscott is committed in yemen i think the saudis would continue to think

that they've been doing over the last 4 years of this bomb bomb bomb would he find his tactics have evolved in the last few years and their drone attacks have become more frequent accurate and long range as conventional air defenses struggle against multiple small drones some see aerial attacks on oil facilities as a possible game changer in the conflict a drone like this can be assembled from $10.00 to $15000.00 or explosives this provides a unique opportunity to target the military and in this case it's also more concerning because you want to target facilities that. besides the physical damage the hoodies also seem to have time the attacks just a saudi aramco announced it is moving forward to sending a part of the state oil company the stock listing has been on again off again but attacks like these will not help investor confidence to bring in billions of dollars to diversify in the south the economy the primary mistake is that it's not really. someone.

yes saudi aramco is no ordinary company if the engine of saudi arabia's economy and a source of power for its rulers it's also the crown jewel of the saudi crown prince's and bishop's plan to diversify the economy but with seemingly expanding strike capability as from the war in yemen this would give investors a moment to pause some of it job it out is there more now from washington there that correspondent gabriel elizondo. the reaction from washington to this attack really took on 2 forms we never heard publicly from president donald trump on this on saturday but the white house confirming that he did speak to the crown prince of saudi arabia and really just trump was offering his full support to saudi arabia and the crown prince of saudi arabia self defense trump saying that the u.s. would support saudi arabia and also saying that this is attack was a threat to the global economy but then you saw a very strong statement again from mike pompei oh the secretary of state later on

saturday if there be a twitter in this statement just really pointing the finger at iran directly so a different tack from the president who just so support for saudi arabia stopped pompei o basically coming out and saying this was an attack by iran and iran will be held accountable for it just shows the 2 different messages that are really coming out of washington on saturday on this support for saudi arabia but also pointing the finger directly at iran important to point out the pump a 0 did not give any or provide any evidence at all on. where he comes up with the idea that iran was behind this we'll be watching that closely in the coming hours and days to see if the state department or defense department anyone else can give any is any evidence on this but clearly 2 big strong messages coming out of washington on saturday support for saudi arabia and also baled threats to iran threats that they are behind this according to the u.s.

well yemen sees the rebels have been using drones increasingly in combat they all small that cheap to produce and they're capable of evading radar who says of use drones to avoid saudi arabia's patriot missile defense systems allowing the rebels to file a ballistic missiles into the kingdom and challenge the saudis vaso oil fields and pipeline network of being a prime target saturday's strike on the i. cake facility being the biggest and most daring to date and the rebels technology is becoming more sophisticated that their brains now able to reach target say much of saudi arabia and the you may well we've been speaking to bret velika of it choose a drone it had a former member of u.s. army special operations. drone strikes in this case hit deeper into saudi turk territory than previous strikes and that takes incredible sophistication it's very interesting that you know this attack happened with that level of sophistication

that we haven't seen before what we don't know the exact type of drone in the attack we can look at previous who's the strikes to point to drones of iranian origin and specifically a drone known as the cost of $1.00 the cost of $1.00 was created by the iranians and provided to do these back in 2015 but what is interesting about it is publicly the range of that drone is only known to be up to 150 kilometers we're talking about a location that was over 500 kilometers which means that they're getting additional help in some way from the iranians to be able to push the range of this particular drone that is basically used meant to be a suicide attack type of drone the problem is that they assumed that they were vulnerable i mean that's they're looking at intelligence indicating that potentially the drones can't reach that location there and they're not implementing what is known as counter drone technology which is technology that's available

today to be able to detect and identify even automatically destroy these drones before they're able to hit these pieces of critical infrastructures more of these critical facilities like this one need to start implementing an attack especially if we're talking about a situation now where half of the saudi's oil production is being stopped because of it i mean that is has wide ranging economic consequences that far surpassed just the physical damage. 3 hours from now the polls will open in tunis is 2nd presidential elections since the arab spring despite the success of the 2011 revolution many voters seem disenchanted with the country's new democracy stephanie decker reports from the capital tunis. for 20 years feisal has been sitting in this exact same spot in tunis is ancient medina creating souvenirs engraved with tunisia's past but the future is far harder to hammer out militant ideas with been going downhill since 2011 and everything politicians are arguing and we pay the

price what used to cost $1.00 dinar is now 10 or more used to cost team day now now it's $30.00 we ask him if he will vote in sunday's election. maybe know. he voted many times before he tells us and that's been more than enough for him he doesn't trust the politicians. 36 year old abdul harder feels the same disappointment he will go to the polling booth on sunday but in protest the commission for this is i will cast a blank vote so no one else can use it many of us are not satisfied the presidential elections were good for by 2 months after the death of the late president 92 year old. it's the 2nd major elections to be held here 8 years after mass protests force the ouster of strongman zain aberdeen ben ali there are $26.00 candidates among the prime minister and defense minister a former president a couple of lawyers and even a media tycoon who is currently in prison they represent

a cross-section of political social and religious ideals and asians have a lot of toys and that's a real difference and before the protests broke out here in 2011 which is in decades of single party rule tunisia is often cited as the only success story of the uprisings which swept across north africa in the middle east from 2011 but it's not that simple for 1st of all i mean having. the democratization process succeeding and this is happening. in the middle of the middle east and north africa this is unique this is an exception we cannot deny that at the same time what can democracy provide in terms of economic demands that's the major challenge so it's a mixed story we meet a group of ladies in the medina they too aren't happy with what's been achieved in the last 8 years economy security corruption the main issues everyone highlights this after the revolution everything had to change but nothing has changed

everything is actually worse infrastructure for instance we just had terrible floods here the economy before everything was covered up but after the revolution it's now out there to see tunisians go to the polls on sunday if no candidate gets over 50 percent of the vote there will be a runoff in november many will tell you that is an almost certain scenario. parliamentary elections will take place in october the next 2 months could reshape the entire political landscape and determine what to look like moving forward stephanie decker tunis. including palestinian israelis are encouraged to turn out in great numbers in this week's national election. a massive relief effort for people left homeless by hurricane dorian.