oh, i did, she was starring and the tv show hot and cleveland at the age of 92 until it was cancelled in 2014. 0, betty white continued to make new audiences smile. doctors saying a glass of wine a day can extend your life and that perhaps was the secret of her lengthy career. looks like we're a little in for over. ah, hello, you're watching out a 0. these are the stories were falling the sour. if you new services being held for south africa is anti apartheid leader, archbishop desmond to 2 in cape town, president serial rem, oppose. it will deliver the eulogy at saint george's cathedral where churches preached against a racial injustice fees. his daughter made a personal tribute to her late father. many of the messages we received have said,

thank you for sharing him with the wall. well, it actually is a 2 way street, because we shared him with the wall. you shared part of the love you held for him with us. and so we are thankful. and we are thank flow that all of you have gathered in your many places in person, or by the one do oh technology. to be a part of celebrating daddy life throughout this week for new york has matthew arrival of 2022 with the famous border up on time square. most countries have also welcome to the new year, but the shadow of the on the cover in still lose lodge. many parties and fireworks

displays were cancelled all scaled down to to the risk of corona virus infections. north korean lady kim jung own has laid out his new year plan for the country state . maybe he's reporting, he's main goals or economic development and improving people's lives. the country faced is what he's described as a great life and death struggle. at least 12 people have been killed and a stampeded a religious shrine in the indian and ministered kashmir. it happened at the hindu vash. no darby shrine in the countries north, but the vote hates. were mocking the new year. and a fi that swept through several towns in the us state of colorado has largely burned itself out. almost a 1000 homes have been destroyed. tens of thousands of people have been forced to flee. those are the headlines. i'm emily angle in the news continues here on al jazeera, after counting the cost to the why?

of the why we listen. design is are making serious effort and just drop the 10 we need use making stories on how to use hello. i'm getting obligated. this is counting the cost on al jazeera. you're looked 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 does the world waiting for? also this week, new zealand and economic testbed for inflation in the 19th half the world, central banks watching closely for risk next experiment. this time it's targeting surging house prices. her iraq has no golds deposits yet. it's become one

of the country's top exports billions export to turkey. we find out why i was a 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, raising sea levels, and displacing people. washington is making climate change a priority. and once the number one, a number 3, big emitters, china, and india to contribute more to the fight was a pandemic has proven where there is a will. there is 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 research was 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. will not 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. and i've got a son. that number comes from energy consultants with mackenzie, but even they acknowledge that would not be feasible because the social and political issues. but 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 credit to offset their

emissions. it's called carbon trading. so you may have heard of deals like this, where l on must tesla cells. carbon credits generating revenue of $1580000000.00 in 2020. and this year a volkswagen in china bought credits and a maker of electric cars. and then their oral companies like b p that are key to dump acids to reduce their carbon footprint. it's sold at alaska oil fields to a little known privately held company called hill corps for $4600000000.00. 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 will pick up on carbon trading right after this report from kristen salumi in new york. that's where our 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 said the legendary big alice, once the world's largest electric generating unit, its owner rise, light and 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 a c o, clint plumber acknowledges it won't be easy. our challenge is new york show. jen is also the countries challenge and world challenges. how do we transition from a economy? a city that's run primarily on fossil fuels for as long as that electricity, one that's focusing on now running on clean energy infrastructure, large electromagnet. they're taking their dirtiest carbon spewing oil and gas, fire generators, offline 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 down state energy. new york is attempting to win itself off of fossil fuels. at the same time, it's taking another major source of carbon, free electricity, offline the indian point nuclear power plant in 2019. this facility alone was responsible for 13 percent of the state's power. while environmentalists long push for it's 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 in california, there are small studies that have shown that when you get rid of nuclear in general air pollution and carbon emissions actually increase. still others say to switch to renewables has to start happening for new york power to be carbon free by 2040

right now. barrier technology, when solar technology, this tremendous effort under way to make those technologies less expensive, more reliable, and we're possibly 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 a their transition to renewables. but are they fit for purpose? well, my next guest is nicholas bartlett's, is the global director of climate change environment monitoring advisory, c. d. p. thanks for speaking to us and counting the cost. your latest research find about half of the world's biggest 500 companies are indeed factoring carbon accounting in their business plans. but let's just look at the top half empty for a moment. at this stage in our climate emergency, it's not really good enough,

is it's 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 investment fissions. but we need to see a much higher proportion of them doing so as you've just articulated carbon, the pricing ultimately places and monetary value on, on carbon itself. and whether it's in to regulation or what the companies do it themselves. the a, mr. 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 huge. so it goes hand in hand with some of the, the emission reduction activities that companies are doing. so we see a direct correlation. those companies that use the price and those companies all settings time space targets, investing in renewable energy, etc, 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 emission trading scheme in terms of prices. the median company, the price, the median price that we see companies are reporting to us that they use internally is about $28.00. now this is below where the e t, yes spike to this year. so it seems to me that not only more companies need to do it, but the, the price is but they use need to increase, right? so let me ask you this, the cost of renewables are falling. and now is the time to push ahead and leave struggling companies behind anything else other than that will just look like socializing their failures, won't it? absolutely, absolutely. and of course it's not just about the noodles. and it's not just about carbon pricing regulation per se. there are a myriad of regulation signals that are coming down the market faust 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 path patterns changing. these are changing the way in

which we need to invest in the future and the assets we make in the future. we've seen a continuous increase in carbon pricing itself regulation over the last many years . we're about 60 full jurisdictions have a carbon price right now, whether at a state or provincial level or at the national level. and of course, china announced that it will be launching and emissions rating system in 2021. but we need this quicker and we needed foster. and in terms of, of, of carbon pricing itself, it is incredibly helpful. full sectors such as cement and steel, where renewables and keen energy will not be the only solution to, to the technology challenges they have. you also have this announcement by the e u that it plans to have a buddha 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 local were mentioning b p earlier on and b, p has sold at alaska oil business. the new buyer is a private company. so this is good for b p. but those emissions still exist, who is actually monitoring the private buyer. well, this is a really 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, 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 and g o is by civil society by, by the media. and particularly by the investment community themselves. we work with over 9600 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 right along many banks. apologies. i mean, look at banks for a moment. so while they talk about net 0 targets, that hasn't really stop them from continuing to finance, coal oil as well as gas ventures. absolutely. we have a, another piece of analysis coming out in about 2 weeks time, which really looks at what banks have disclosing to us. and while you see a significant number of banks saying they're aligning their own internal practices and if the investments and lending decisions with the power agreement with a below 2 degree world, this is not yet translated into a shift in their portfolio. we need to see that 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 actus that's where they need to be. focus the financing of these things, needs to stop and banks play a major role in that. ok, nikolai bartlett,

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 she, japan has pledged to fight climate change, but the government continues to build new co plants. one of the leading sources of carbon emissions. katrina, you reports of judging and jang province. tons of toxic smoke leaking from power plants and factories is a common sight and shanty. the northwestern province has for decades powered china's economic growth primarily by burning coal. it's contributed to the nation becoming the world's top pollution, responsible for roughly one 3rd of global carbon emissions. the cold industry employs most of the people who live here. ha ha, pollution. even though it's been polluting for decades. if they shut down all the

factories, what, what are we going to do? everyone works for the factories. last year, this region produced about one point. 1000000000 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 it's use of coal without affecting jobs or harming economic growth. pollution caused by bet ah, is breaking to programming here because we're going back to at saint george's cathedral in cape town, come to the end of the funeral of the iconic man, archbishop desmond tutu. and next up we'll be hearing from the president of south africa, 0 rama poser, who is going to deliver the eulogy. in the days after this $1.00 to $2.00 dorothy described the anti apartheid icon as a man of extraordinary intellect,

integrity, and invincibility. against the forces of apartheid and recounting some of his legacies, saw repose. a said he knew in his soul that good art should triumph over evil. oh, let's listen to what he has to say to them. in your capacity is program director my, my lay out to 2 members of the 22 family his my just c king did see the fed. her roy highness, princess mabel, fun or on you former president tom becky: and susanna lim, baking for my president. ha,

mom. what santa and c. c. google. mcdonough for my deputy president. posey lim, lambert, luca and my brother will aladdin. for my president of ireland. my dear sister mary robinson. my my grandson marcell minister a he just says grey mont zondaway premium. the western cape island window executive mail, the city of cape town has to hit louis evident mica. we do. dean of cape town,

leadership of the anglican church of southern africa, retired bishop. my could you tell lead us of the faith of fall denominations that i here present lead us and representatives of political parties. janet i resigned him upon. yeah. chief of the south african nation defense force veterans off the liberation organization and fed them on us. i actually showed my po, soon after the passing of our father, i went to visit my my lee to do and the family

and after that visit some journalist soiled standing outside and they asked me well that i should be shall be given a category one funeral i said, of course it would be a category one funeral, but then i added with religious characteristics. and may i say that today? you may well have written another chapter in government. oh, does processes of what category one funeral with religious characteristics is. i'm thank you very much. i've just seen it for myself. if i bishop discipline to do way here, he would have said,

hey, hey, why are you looking so gramma? so unhappy he would have wanted to elicit a smile at laughter from amongst all of us. that was the type of person that he was. i'm really delighted that government has been led in this whole process by the church. we had to after the passing of my dba and vis agent. that this more men to which come and farewell for well over 6 years, i file in government has been building up and we've been discussing how are we going to send a bishop do to on to the next world?

and we took a view that we would be led by the church and i'm rather pleased that government has taken a back seat this time round. it is only a few amongst us the rest of souls who attain the stature of global icon during their lifetime. in our modern age, this time has come to be associated with celebrity and social media fame. yet to if we are to understand a global icon to be someone of great moral stature of exceptional quality and of service to humanity. that can be no doubt that it refers to the man we are

laying to rest to day. archbishop desmond to do was without question a crusade. i in the struggle for freedom, for justice, for a quality and for peace. not only in south africa, the country of his bed, but on the world as well. such was that over arching impact and influence that ameritas such bishop does one to 2 had to that tributes have been received as we had from current past presidents. religious lead us more not law may cause political parties, musicians, artists, an ordinary people from all corners of the world. climates activists,

l g, b, t, q, i, black groups, sorted out to movements and community organizations. i just some of those who have paid homage to a man who gave his life to the cause of freedom, a humble and brave human being who spoke for the oppressed, the downtrodden, and the suffering of the world. in doing so, he walked to in the footsteps of his mental father, trevor hutchison and of the many heroic in tompkins of freedom in our country. and on our continent. how fitting is it that his parents named him b loan when he was born,

meaning and life in his life. he and reached the lives of all those that he meant and all those who got to know him. over the past week, we have had many moving accounts and we've also seen many images of death and went due to his life. these accounts and images in many ways out a chronicle of a life of activism, statesmanship ministry, and pastoral is if there is one image taken in at 1989 at the protest. much here in cape town. in the black and white photograph. we see i special desmond due to and the lady professor takes her

voe alongside him glaring defiantly at a cordon of police who armed to the teeth just inches away. their mission, that is the police was to stop the march from proceeding. it is a striking photograph that catches this the lead determination of the arch to challenge the authority often and just illegitimate and oppressive regime. it was a vivid depiction of the confrontation between right represented by those who were marching for democracy and might represented by the men in the uniform of their party to police. that photograph

brings to mind the words he spoke following his address in 1988. during a clergy lead to protest against the cut down on anti uppity to groups, bible in hand, he told a news conference. he would continue with his defiance. we are not to defying the laws, he declared. we are obeying goat. there is the famous image taken in 1996 during the hearings of the truth and reconciliation commission off all arch his head to bend over, folded arms. his showed us away to down by the deep tragedy and the unspeakable cruelty that was being told of their party to cry.

the t odyssey had just heard hod ending testimony from a veteran activist, mile high on how he was tortured by the security police. so brutally that he was now confined as it testified at the t. r. c in a wooden chair. overcome with emotion at what he had heard. i'd be shook desmond tutu dropped his head in his hands and wept. that is a photograph that has gone around the world for all to see together these photographs speak not only on the strength of his convictions, but to how deeply he felt that anguish and the suffering inflicted by others who were perpetrators of injustice and

intolerance. there are many images we have of him speaking to cow, his arms stretched out as though embracing them, or looking serenely up to the heavens. he was a man with a faith as deep as it was abiding for him, opposing injustice. standing up for the oppressed, defying unjust laws. was god's work. destiny had anointed him a champion of the immortal cause of justice. he took too hot and lived to the words of the book of proverbs chapter 31 verses 829. which says speak out for those who cannot speak for the rights of all the

destitute, speak out john to righteously defend the rights of the pool and the needy. he was not content to decry upon tate at conferences or benefit concerts or intonation of for us. he was, they were the freedom fighters confronting their party gene and confronting comforting its victims. he was not content to preach about social justice from the pulpit. he was with a homeless the helpless, the pest acute at the sick and the destitute in the street. and.