tv Inside Story Al Jazeera April 29, 2022 10:30am-10:45am AST
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strout in decades could soon have catastrophic results across the region. 1000000 people have left their homes, and after 3 flor loose or iodine or has been walking for hours, his animals need water and he's finally found some. he says giving up wasn't an option. herd is in northern king, i have lost thousands of animals because of recurring droughts because is regarded with a younger. i'm now always out you with the camels help, doesn't reaches out has killed most of them. i'm. i only have 3 left. it's heartbreaking. a 4th failed rainy season in the region is now a growing probability source. we still have a huge population in their noodle for deed who wish if nothing is going to be done about it. whenever they all do stuff is the only way to survive. for many is to keep moving. people here have been walking for days, looking for food and water for the animals. first doing aah!
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is zones is there and these are the top stories. the un secretary general and undergrowth harish has met ukraine's president of lot m as zalinski and keith described the war. batted nation as an epi, centre of at the alex, a mosque compound and occupied east jerusalem. a gathering for the last friday prayers of the fasting month. of ramadan, it's also international our goods day or jerusalem day. there were some scuffles in the early hours between israeli police and a group of young palestinians, they say were rising and throwing stones in the courtyard outside the mosque. at least g on kong sole canada, john lee has unveiled. his election manifesto only is the only candidate in the race to take over from carrie lamb as chief exec it. with this law, we were giving them a tool to hold for corrupt individuals and human rights abusers accountable. they're going to rip this deal apart if they take the white house of 2025 wife without russian gath,
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this is inside story. ah hello and welcome to the program. i'm laura kyle. the crisis between russia and europe, sparked by the war in ukraine, has taken yet another turn. this time the u. s. so great to provide liquefied natural gas to the e. u in the coming years. and member states are working to find alternative long term supplies as well. european uses fossil fuels to try to blackmail us. this is something the european commission has been preparing for in close coordination and solidarity with member states and international partners. our response will be immediate. united and coordinated or the repair opportunity to revisit the issue of renewable energy sources. to achieve that,
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the you would need to raise the share of its green energy to 40 percent of total concern plants will ending its reliance on russian gas will not be an easy task for europe. you receive more than 40 percent of that supplies from russia before the more than 45 percent. well let's bring in our gas now and joining us from burned and paying for russia gas in rubles why poland and bulgaria have refused to do it. who else might be doing as and why russia won't sit in the 1st place. first lay, why have poland and bulgaria defied russia demands? what we see is that pole in bulgaria are both, most of the most radical planning to diversify its energy in force. so basically what they stated that was there will be no, no rush to call in 2 months time. it will be no russian oil by end of $22.00. and
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it will be no expense loan. their rush, natural gas congress, which is about to expire. and the majority of natural gas from russia. exactly. exactly, that, that's a good point, but bulgaria can get their yes from us over john. now we see that they are, it's on the moral the found that gas from already has to sell 80 percent of its foreign currency, earnings for russian currency. anyway. so why is it insisting on russia's targeted poles and bulgaria is exactly as you said, these are the 2 countries that have been more pro active in looking for alternative sources, ice at the end of the year. so it allows russia, therefore, opportunistically to make a point to, to bessie said to the other countries. we can do the same to, to you, even though the volumes will be a lot more significant. and the impact will be a lot bigger because other countries, like germany, is the et cetera, have not made these arrangement because they're not possible. but as to why now it's look, it's partly,
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this is something that president putin under government have talked about for a very long time, more than 10 years to do this. but actually the reason why they're doing it specifically now is related to sanctions. because the mechanism that they've proposed or that is put in place, which requires for example, a customer in europe to pay still be able to pay dollars, who euros, but now into a bank account in gas from bank. and they're saying that this mechanism is sanctions violation because it involves russian central bank. and hence they're, they're opposed to, it's, are russia is pushing it now the on hungry, probably austria. i would rule out that some german companies are trying the same thing given the rather difficult situation these days. and i'm not getting out this is, this is galico about numbers going to go even higher up. i guess the key issue here really is, you know, of i think now demonte i'll realize is the seriousness of the cost of the actions.
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and we see that even though the, the price didn't like, of course, it jumped back up quite a bit, but not, not like a really huge extent for what we saw happening was at the forward curb. the prices further out on the chart going forward. they went up so i think the markets now realizing that this will be no easy and quick fix. right. so going forward we will have higher prices for longer, and i think that's tracks all the time. you know, he's been playing with the spot while you see much. so, and he only his goal is to make sure that the, his large consumers of natural gas is customers in europe are now going into new long term contracts, which is about to expire. you know, natural gas is like a marriage, you know, it's like, it's like, it's like 2023 or 30 year handshake. you know, it is actually what he was. i think it's sort of works. yes. okay. i would you agree with that, chris?
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if you can, that sort of perhaps look into putin's mind simply because you're there in moscow. do you think that this is his outlook? yeah, i think, i think 1st of all, as we say it's russia. i've used these relationships over the very long term, and it is important to note that the russian government, i always made a point that it will always honor a contract. so in this situation, it's actually make it's about making like life difficult for the european customers . rather than perhaps risking the contract because i, you know, german or other, your group was from there. so essentially what russia is saying is to technically the contract is not disruptive, is only the payment mechanism that has changed. and therefore, there europe needs to gas, but russian needs the money. oh, so in that sense you're, you're not going to get a situation where russia will just arbitrarily turn the gas off because it needs to . this is lifeline in order to sustain the economy and provide employment subsidies
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so so did, cetera. the situation in russia would be very difficult, difficult, and very different to morrow if those gas flows were cut off and the money stream was disrupted. so in that sense, there's a lot of bluffing. there's a game of brings been shipped as a game, a chicken. it'll play out over the summer when frankly, the, the energy market is kind of a kind of let, it requires me less volumes. it is a good time to place and hope here in moscow is as far as i can here, is that they hopes it all. this will be resolved and dusted and finalized before we get to the awesome delivery season. that will be interesting on various do you think russia might lose this bluff? we have got the ease standing resolute saying it's response is immediate and coordinated. we know that, that coming up with this li pallet, e you plan, is it going to be enough to win themselves off rushes fossil feels? well, i think there's 2 things. one, i think the jury is out whether the front is standing and holding, and we need
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a european while according aided european answer to on this, whether it holes the jury is out. but then obviously, the, the longer term question is, you know, of does, europe needs russia, gas going forward and, you know, 2 months ago, a 3 months ago would have said, yes, well, it is a reality to live with for a couple of years or a decade now not so sure anymore because her are doubling their also winds capacity until 2030 we've, we've seen similar moves in italy across europe, companies and, and government acquiring billions into climate measures and the energy transition. so i guess what this really means is that up to sanctions, et cetera. i think that's how i came now to chains for good. but in russia is, it's also a case that russia does not want to be as dependent on europe as it's major energy
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customer either. and for example, since 2014, when, when europe, as an energy customer and since 2014, we've seen major projects being built a focusing on china and gas and oil. and ellen gee and, and it is, there are all gone to become bigger customers and compensate. so the view in moscow is that this is about re balancing it is inevitable to europe will go down as a customer, but it would be compensated with new customer growth elsewhere. that's the way they're looking at her right now. so there for the view in moscow is that it's re balancing an early. what are your thoughts on that yellow that does really a really interesting point does. this is something we work a lot with our clients as well as trying to understand the re route, the extra capacity going, going, going east into china, that's around at max $410.00 per year if you call it so. and it's important to have that in have that in mind. i just asked them now you are,
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it's just too large customer. they're all times do seem to be hinting on 2030. it's going to be interesting to see how many of them can be and will be sped up to deal with this particular crisis. andreas, if there was ever a time to invest in renewable energy, it's now or rather it was before now with the climate crisis ever present. and now these supplies of fossil fuels uncertain. are we seeing enough effort down that road? well, i mean, i think it's the best time ever to that protect in europe and those places where government support is being ramp up and where you not only have an economic case, but also a strong security case. now national security, as some politicians would make, would make it spit firm, i think, and in the city world, but on the other hand, with a serious constraints when it comes to delivering and, and i guess that's, that's something that, that many european markets have to grapple was going forward and lay, you know, we,
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there's talk of filling in a short term gap as you shift from gas with coal. and if we were sticking with the climate crisis for a moment to mean this is going to ensure a massive rise in greenhouse gas emissions. definitely has been everything on the agenda. it's been all about environmental time. and now we see that suddenly it's all about the security of supply, you know, going to cost whatever it cost you can, you can burn whatever you find. you can burn, hold the car tires, you can go to whatever you, you have the money. it doesn't matter. now it's all about surviving in the mix and making sure that the industry keeps on delivering as so. so environment the price is set aside and then you have the secure supply, which is the top of the, again, the last amount you know. so back to the question, just the issue here is that, you know, if you look into renewables, if you look back in the historical can see that the historical average power price in european union has been around 40 years per megawatt hours. you know,
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it coming out of called the, they coming out of this bore crisis. we see that you're elected to have a, the average forward price which should take its time, was in to renewables 10th. the world will still need oil and gas, you know, right into the middle of the next decade and russian needs to invest more hate and a big battle. and in russia clearly, you know, one of the consequences of this conflict will be acceleration investment, renewables. that's absolutely clear for tax consumers. well, i think as a couple of things, i think the 1st thing that governments should be doing is incentivize savings and they're not doing enough at the end because the signal isn't direct, but indirect. sometimes there is no way to city on the demand side responding to price hikes and so the government can do a lot of things. and i would start with industry just to make sure we don't have end up in a situation where rationing is important and become quite as you can do this in a very targeted way. you can lower taxes on electricity for instance. and,
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and that is a direct subsidy if you will, to lower income households simply because they are spending over proportional share of their income on energy services. and so, so there's lots of things that you can do. what is not be doing is by consumers because that in the end, you neither a trigger a savings nor shield the right people. okay, such an interesting discussion today. thank you very much. so what have you, friend? by visiting our website this al jazeera dot com. and if i the discussion to guys who are facebook page, that's facebook dot com forward slash ha inside story. it goes there during the conversation on twitter handle is at a j inside the story. from me laura kyle and the entire team here in doha is bye for now. ah ah, why did one of toilets most decorated one out of 0 ah
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