national space station of begun to dock the crew blasted off from the kennedy space center just over 24 hours ago they'll spend the next 6 months on board the station replacing the current crew who were turn to earth next week it's the 1st time the 2 dragon capsule sippin docked at the i.s.a.'s civil taney est. ever wonder what it would feel like to disconnect from the world and hide away in a cave for a few weeks well 15 people in france found out the group of french scientists and explorers is a merge from the cave after spending 40 days inside they were in deep isolation without any sense of time with volunteers a part of an experiment on the pyrenees on which hopes to better understand how humans perceive time and how groups of people can adapt without it. it's good to have you with us alone adrian said again here in doha the headlines on

al-jazeera search teams in indonesia have recovered a breed believed to be from a missing submarine the country's military chief said that scans detected the sub at a depth of $850.00 metres it's calculated that it's also just supplies run out several hours ago just a washington as more from jakarta. authorities say they are deeply concerned about these developments because the fact that they have found this debris in this area of the search of the bali sea indicates to them that there are cracks in the hollow of the submarine as it sunk into deep waters now they do say that they are going to post a view with this effort this effort involving 16 indonesian navy vessels and mr ailey a navy ship as well and they are continuing to search this area and making preparations for medical evacuation myanmar's military is in jakarta of a crisis talks with southeast asian leaders they're expected to call on coup leader men on line to end the violent crackdown on protests and seek who protest has

gathered outside the summit venue it into the sea as capital they condemn the months of violence against demonstrators have been carried out by security forces at least 700 people have been killed since february the rights activists say the true death toll is likely much higher. india has recorded the world's highest number of new infections again more than 346000 coronavirus cases were confirmed on saturday the health system there is close to collapse with hospital shorts of beds meds and oxygen russia's president vladimir putin has backed the proposal by health officials for a 10 day non-working period in early may to curb the spread of the virus the health minister says that the covert situation is stable but warns it may worsen when people start to socialize more in warmer weather russia has reported almost 9000 new cases in the past 24 hours more news from here on out of syrup after accounting

the cost next. president into the white house facing multiple crises including the cause by his. divided america. as he managed to follow through on campaign promises to fix the country stay with us for special coverage of the fight inspires $100.00 days in. just. hello i'm teddy navigator this is counting the cost on al-jazeera your look at the world of business and economics this week the climate emergency the price of going green and why it doesn't need to cost the earth so what is the world waiting for also this week new zealand economic testbed for inflation in the ninety's as the

world's central banks watching closely for its next experiment this time it's targeting surging house prices. iraq has no gold deposits yet it's become one of the country's top exports billions exported to turkey we find out why . was the nation responsible for the biggest share of greenhouse gases in the atmosphere today president biden has pledged more money and made new commitments to fight climate change after his predecessor walked away from commitments to reduce harmful emissions that threatened to wreak havoc to global weather patterns rising sea levels and displacing people washington is making climate change a priority and it once the number one and number 3 big emitters china and india to contribute more to the fights was a pandemic has proven where there's a will there's a way and money is no object. in fact the global cost of

a transition to renewable energy by 2050 would be $73.00 trillion dollars that's according to stanford university which researchers believe could be recovered over a period of 7 years and there's added benefits the shift to a 0 carbon global economy would create $28600000.00 more full time jobs than if nations continue their current reliance on fossil fuels well now if the united states wants to make the transition to renewables over the next 9 years it could the cost would be $4.00 trillion dollars or a little more than the cost of $2.00 wars in afghanistan that number comes from energy consultants with mackenzie but even they acknowledge that would not be feasible because the social and political issues well one of the biggest factors is what to do with businesses that emitting contribute to climate change they would need time to transition otherwise the global financial system that includes banks pensions and insurance could be sitting on losses of 20 trillion dollars but there

is a mechanism that penalizes big polluters by making them buy credits to offset their emissions it's called carbon trading so you may have heard of deals like this where iran must test lascelles carbon credits generating a revenue of $1580000000.00 in 2020 and this year evokes wagon in china credits for the maker of electric cars and then there are oil companies like b.p. that are keen to dump assets to reduce their carbon footprint it's sold its alaska oil fields to a little known privately held company called bill cor for 4 point $6000000000.00 the problem is the world doesn't see a drop in emissions they still exist but a publicly traded company with shareholders and activists has now offloaded verifiable emissions to a company that has little incentive to declare them. so this is what we're going to do we'll pick up on carbon trading right after this report from kristen salumi in new york that's where authorities are promising to have 70 percent of their

electricity come from renewable sources by 2030 it's one of the most ambitious clean energy plans in the country. in the heart of new york's it's the legendary big alice once the world's largest electric generating unit its owner rise light power now wants to make it the cleanest with plans to build the largest battery facility in the country right here in 2 years a storage facility for renewable energy what are the challenges that you face to meet this deadline in terms of c.e.o. clint plummer acknowledges it won't be easy our challenge is new york shows and it's also a culture challenge of the world challenges how do we transition from a city that's run primarily 'd on fossil fuels for as long as you know what just a day to one that's focusing on now running on clean energy infrastructure and making order. they're taking their dirtiest carbon spewing oil and gas fired

generators off line to make way for the batteries they'll also need transmission lines to tie into wind and solar farms outside the city but currently renewables make up just 2 percent of downstate energy new york is the time to go away in itself off of fossil fuels at the same time it's taking another major source of carbon free electricity offline indian point nuclear power plant in 2019 this facility alone was responsible for 13 percent of the state's power. while environmentalist long pushed for its closure some are now arguing nuclear power is currently the only carbon free technology able to replace fossil fuels they point out the state is building more natural gas facilities to make up the difference if you look at the examples of germany and vermont and california there are small studies that have shown that when you get rid of nuclear in general air pollution our carbon emissions actually increase so others say the switch to renewables has

to start happening for new york power to be carbon free by 2040 right. now. so. under way to make them. less expensive or liable and were possible smaller all agree the need to keep the lights on and eliminate fossil fuels mean there must be change on the horizon christian salumi al-jazeera new york. so that's just one story of the energy transition and as we said earlier many companies are using carbon credits to aid their transition to renewables but are they fit for purpose well my next guess is nicollette bartlett's who's the global director of climate change environments monitoring advisory c.d.p. thanks for speaking to us on counting the costs your latest research finds how that half of the world's biggest 500 companies are indeed factoring carbon accounting

and their business plans but let's just look at the cup half empty for a moment at this stage in our climate emergency it's not really good enough is it. no indeed i mean we have seen an 80 percent jump in the last 5 years of companies internalizing carbon costs and those driving different disinvestment sessions but we need to see a much higher proportion of them doing so as you just articulated to. carbon pricing ultimately places and not achieved by you on on carbon itself and whether it's in through regulation or whether companies do it themselves their aim is to trigger a change in investment decisions and of course there's a direct link between companies doing this and the regulation in the market we've also seen that it does drive change when it's used so it goes hand in hand with some of the emission reduction activities that companies are doing so we see a direct correlation those companies that use the price and those companies that are setting science based targets investing in renewable energy it's satcher

directly correlated at the same time i have it's interesting to see you know this year we've seen a big spike in for example the european emissions trading scheme in terms of prices the median company the price the median price of can we see companies reporting to us that they use internally is about $28.00 now this is below where the e.u. e.t.s. spiked to this year so it seems to me that not only more companies need to do it but the prices that they use need to increase right so let me ask you this the cost of renewables are falling and now is the time to pursue ahead and leave struggling companies behind anything else other than that will just look like socialising or failure as well to. absolutely absolutely of course it's not just about the new rules and it's not just about carbon pricing regulation per se there are a myriad of regulation signals that are coming down the market fast in many countries almost all countries right now whether it be targets whether it be

standards whether it whether it be incentives whether it be investment past patterns changing these are changing the way in which we need to invest in the future of the assets we make in the future we've seen a continuous increase in carbon pricing itself regulation over the last many years where about $64.00 jurisdictions have a carbon price right now where they're at a state or province a level or at a national level and of course china announced that it will be launching an emissions trading system in 2021 but we need this quicker and we needed faster and in terms of rid of of of carbon pricing itself it is incredibly helpful for set such as cement and steel where renewables and clean energy will not be the only solution to to the technology challenge as they have you also have this announcement by the e.u. that it plans to have a bullshit tax adjustment which means that the cost of carbon will be included in

the cost of those products if they brought in from outside of the european union and i think this is also really interesting and something that companies need to watch out for all look we were mentioning b.p. earlier on and b.p. has sold its alaskan oil business the new buyer is a private company so this is good for b.p. but those are missing still exist who is actually monitoring the private buyer well this is a very interesting question and of course we may see more of this is a trend in the future we see that with a significant number of fossil fuel assets right now going into private hands of private equity i think what we're seeing is we obviously need regulation and we need monitoring now we have increased scrutiny on those. companies who are listed and we need to now start shine the spotlight on the companies that are not listed and regulation is vital of course but all of the monitoring that needs to happen by n.g.o.s by civil society by by the media and particularly by the investment

community themselves we work with over 600 investors that have about 110 trillion in assets and over the last 20 years we've been working with them to get companies to measure and manage these type of emissions rates and lolla many hank apologies but i mean look at banks for a moment so while they talk about nigeria targets that has a really stopped them from continuing to finance core oil as well as gas ventures absolutely we have another piece of analysis coming out in about a week's time which really looks at what banks are disclosing to us and why you see a significant number of banks saying they're lining their own internal practices and if the investment and lending decisions with the paris agreement or with a below 2 degree world this is not yet translated into a shift in their portfolios we need to see that and we need to see it quickly i think not enough focus has been put on the banking community in the space so we have the momentum now we have the scrutiny and i think civil society and other

activists that's where they need to be focused the financing of these things needs to stop and banks play a major role ok nicolette bartlet thank you so much for speaking to us from london thank you very much now before we leave this topic one more report for you and it's important on so many levels because china is the world's biggest emitter of greenhouse gases president xi jinping has pledged to fight climate change but the government continues to build new coke plants one of the leading sources of carbon emissions katrina you reports from dodging and shanxi province. toxic smoke leaking from power plants and factories is a common sight in santee the northwest importance has for decades palatine its economic growth primarily by day cold. it's contributed to the nation becoming the world's top pollution responsible for roughly one 3rd of global carbon emissions. the coal industry employs most of the people who live here. pollution has been

polluting for decades shut down all the factories what are we going to do everyone who works for the factories. last year this region produced about 1100000000 tons of coal ton is reliance on burning coal as its main source of energy is its biggest obstacle to lowering carbon emissions the government is struggling to find ways to curb coal without affecting jobs or economic growth pollution caused by burning fossil fuels regularly shrouds the capital in heavy smog beijing has pledged to peak carbon emissions by 2030 and eliminate them all together by 2060 but it's yet to detail how exactly it plans to achieve this it's not only about commitment is all about what we actually do right in the next 5 years we expect or china can include more concrete policies and to give us a more clear roadmap of how they can achieve these 2 carbon targets increasing the

use of renewable energy sources is crucial china is already the world's largest producer of wind and solar power it's also the biggest market for electric vehicles the government has tightened regulations to pressure calm make it into transitioning away from gas but many say that's not enough us climate and boy john kerry was in shanghai trying to convince authorities to do more. for a big country with 1400000000 people. some countries are asking china to do more on climate change the free this is not very realistic researchers say china must close down more than 500 coal fired power plants in the next decade to meet its climate pledges that it continues to approved. new ones at a faster rate than anywhere else in the world the shan she government is planning to close down some old factories here and build what it says. whole facilities

some parts of china at least it seems the road to clean energy will be long and slow. and china. now think new zealand what comes to mind the all blacks rugby team its maori culture and its picturesque landscape and yes its exceptional handling of the pandemic but it's also been known as a leader in the field of economics back in 1989 new zealand central bank was the 1st to commit to a specific target for consumer price inflation vent the biggest threat to the world economy at the time there was great opposition to the idea but inflation fell from 8 to 2 percent over 2 years and inflation targets were adopted by most central banks to tame runaway prices so one surprise you that the prime minister just sent to our dern has tossed the central bank to limit the rise of house prices an

important issue globally when you consider despite the pandemic house prices have soared in new zealand the average house price increased by 24.3 percent to $826000.00 new zealand dollars in march 2021 a record high for the country. now this is such an important issue globally on so many levels so let's get some analysis from auckland we're joined by bernie smith who's the chief executive officer of the monticello yeah housing trust thanks so much for speaking to us on counting the cost the prime minister to send our tour and wasn't elected on the promise of housing affordable housing how's that going. it's not being very well for the government to go. and frank the 4 year is. a safe prices have reputable a increased to the extent that it's actually creating homelessness and costing the government a $1000000.00 a day just

a maybe unseen transitional hasn't so how did it get to the point where there is a chronic housing shortage with this present government would suggest that it was the previous. national government. as well as we know on the ground there's. a decades. in the miking a by scouting once. the right and the left have it a real desire to have. a market driven economy because it means a healthy economy they haven't been building the houses at the level that they did in the fifty's and sixty's. a you know the population has gone from 2000000 to 5000000 a. we just in the situation and now the same as impossible be general him but i'm sure we wrote something so is it possible to pinpoint one

reason or several reasons behind the house price rises it's as a speculation the central banks printing money building regulations high immigrations what is it or is it a combination of all of those it's a combination of all. all of those speculators for instance if it got a $1000000.00 on the bank day. i going to beth point 5 percent interest which is very little written they could buy a house for a $1000000.00. and flick it in. a couple of years some in some cases they can flip it in months and might hundreds of thousands . and 8 probably that taking advantage of. the lack of supply of housing and of course the government is assisting low

income families with income related raymond. speculation has continued they they synchro bank as much as the government has designed to. hender it in the same solve. stopping all slowing down the housing market a central bank a spice to be tightly independent and its mind draw evers to ensure that the economy stays healthy so really the government has no swi on what it does it can give advice but accountants truck what happened to the government $2000000000.00 plan to build more housing can rebuild. jimmy bill became the laughing stock of the of museum directly because.

we built was trumpeted as part of the election it came time to build that $100000.00 houses. and so that the teen years 10000 a year. finished year and they built a been out $300.00. and of those $300.00 that were barely i want to sell half of those building them in the wrong right kind sions the price benchmarks were incorrect so that taken that taiga to why totally and now instead of having inspirational policies as they go they gave me though that i have got what they call foundational. policies are not the words i would not going to sit in the targets or in this for the long whom and only now are they starting to get a little bit of traction on the on the k.v.

build development but we're talking about that i want to 2000 and we're not talking about tens of thousands at this point rights and do you think that it would be possible for the central bank to control house prices inflation is there's no doubt that the. central bank could control if they say chinese but the difficulty is that they need to manage the economy as a hall and they don't see it as i understand it as the responsibility it's really the government's responsibility by ensuring that the government pozole the labors at possibly came to ensure that it has a name. that is a right. to every individual in this country many countries across the world that everyone has an opportunity whether it's rain to over whether it's. pages

and the government's just not doing that because that becoming more central and i believe that the move fica system being re-elected in a couple of years than what they have not. in the st so being practiced on the needs of frame rates that are forming in don imus and us through no fault of their own bernie smith the chief executive officer of the month cecilia housing trust thank you so much for speaking to us from auckland nowheres ago thank you and finally gold has become one of iraq's top exports despite there being no gold deposits in the country in 2020 iraq exported nearly 8000000000 dollars worth to turkey alone so what's the secret of some a binge of aid reports from baghdad. in an old baghdad bookshop the same melting pot has been used for decades. now job i mean converts

old gold into 21 carrot bars in the chemical process each element is carefully measured and according to their weight he's been doing it for years but business is not what it was before the 2003 u.s. invasion. now with rising demand for newer and final designs most of his orders go to turkey or gulf states for local goldsmiths it's difficult to compete with modern machinery cheap electricity and labor and it meant i don't have the naomi we hope the government supports us with new machines we want support for the workshops and we demand to stop exporting told. gold is now among iraq's top 3 exports after oil the trade with turkey alone has reached nearly $8000000000.00 in 2022 point 5000000000 in 2019 rock doesn't produce gold but imports it from other countries and gold traders export it for processing into jewelry so not only will highly and

the local gold industry has died not just cool but all the cool industries there's a lack of electricity here it is not attractive for investment and not business friendly traders and business men go to turkey in other countries because it is better quality and cheaper. so how much gold goes in and out of iraq apparently there is no clear data we asked the ministry of trade who directed us to the ministry of finance who told us to us the central bank which in turn said that data must be kept by the ministry of planning required i love to be. in fact this issue of how much is imported is not our job we only plan for the quality and legal imports the organization for quality and standards monitors goldsmiths all over iraq also we have offices of border crossings and airports to guarantee quality and reduce smuggling deep rooted corruption and a weak economy makes it easier for black market operators to move things across borders diplomatic sources told al jazeera the due to lack security of crossings

and more listeners is gold being smuggled from neighboring countries. and iraq's economic uncertainty leads to increased local demand despite the current coronavirus pandemics. this bar of gold costs about $55000.00 in today's market because of iraq security many families are investing in precious metals rather than keeping their money in dollars. from glittering religious sites to important social occasions iraq these have had a centuries old relationship with gold and the precious commodity is now a major economic entity they want the government to ensure it through the economy rather than taking away from it some of the job with al-jazeera the fact that and that's our show for this week but there's more for you online at al-jazeera dot com slash c t c that'll take you straight to our page which has entire episodes for you to catch up on. i'm sorry you know because you've been watching counting the cost thanks for joining us the news on al-jazeera is next.

frank assessments there are a lot of poison but the government needs to watch what exactly happened and what measures are now taking for a situation like a man not to be ever again informed opinions is the u.s. with thinking military positioning in the middle east or is it just a simple act of reorganizing ministry assets this is a message to the region the united states is recruit you are its military in-depth analysis of the day school ople headlines inside story. and seeds for the blind and a robotic arm for the disabled. a young australian engineer isn't venting tools to help people gain independence. all side of that when the ability to recognize objects on the fire that people with for better vision will be able to

recognize everyday objects women make science robo gals on al-jazeera. 0. 0. 00 this is a news hour on al-jazeera am fully back to my world headquarters in doha coming up in the next 60 minutes rescue crews recover debris from a missing indonesian submarine believed to be 850 needs is under the sea. another record day of covert 19 infections in india with hospitals reporting acute

shortages of oxygen.