before a trip back to the future, a cost of an electric overhaul ranges from $18000.00 to $30000.00. if you want to convert your classic car to an electric vehicle, you're gonna need some patience. at this shop, for example, the waiting list for new customers is 5 years. so our typical customer is one that really loves their car. either it has a, you know, significance to the family. maybe it's been handed down or you know, our customer has driven it since high school. so typically, automotive enthusiasts best describes our customers right now. those customers are also laughing at sky high fuel prices. bream says he's concerned about the environment and global warming, but reducing c o 2 emissions isn't his big motivation. a motor had, i'm a hot router, i might see guy wagner is proud. that is old. the w isn't making the climate crisis worse. i'm excited to. ah, you know, take it up to the mountains, driving through the national forest, not polluting anything,

whether it's for going green or going for speed. classic cars are getting a new electronic lease on life. rob reynolds, al jazeera, san marcos, california. ah, silicon main stories of following now russia and ukraine and signed a deal to re open ukrainian ports on the black sea for grain exports raising hopes at my ease. the kind of fit crisis ceremony in istanbul was overseen by the inspector general and the taxes president who broke the agreement, grind shipments have been stuck in ukraine to the start of the russian invasion of february. the war has sent international food prices soaring. well, un, she's, i'm trying to get her, spoke to al jazeera after the deal was announced. he says it's a promising step towards peace. from the point of view of the management of the

situation, we the joined to the center, a joint coordination center with the 4 entities. we, the inspections by the 4 entities of ships going in and out, which ships permanently controlled. i think these as created the precedence of cooperation and i hope this precedent will pay for the way it will. busy busy probably not to be immediate, it will takes time, it will be complex, but it to pave the way for one day peace to be possible and peace in line with international law and un charter to him please have your tank gas patterns in pappa, spragans protest as opposed to next week constitutional referendum. witnesses say at least 5 people were arrested at the demonstration in the capital tune is the proposed constitution with significantly enhanced the power of the president said

opposition parties of called for boy cars have mondays vote at least 19 people were killed in a police ready to want to rear diginero his largest fellows, please say most for a members of organized crime groups. police have been accused of brutality while the brazilian president, like the operation to a cowboy movie, the ban in a one time a to for my us president donald trump has been found guilty of contempt of congress . he defied a subpoena by a house committee investigating laws just right on capitol hill. now safe is up to 2 years in jail, but plans to appeal counting. the cost is coming out next, examining the cost of europe's extreme weather. 11 years opportunity as for the arab spring, up rising, the only democracy to emerge from the upheaval is to vote on a controversial constitutional referendum one that it's critics via could paved the way back to authoritarianism. stay with al jazeera, but all the latest developments. and in depth analysis,

ah, i, i don't give it out. this is counting the cost on al jazeera. you'll look at the world of business and economics this week. record breaking temperatures and ferocious wildfires. scientists warn europe is becoming a heat wave hot spot folk. how can the continent adapt stick stream weather conditions, and it won't cost. also this week the world needs to burn less fossil fuels to flow . climate change boss are developing nations, getting the funds they need to switch to renewable energy and back to the skies. as the travel industry recovers some of the pandemic losses, we look at the demand for the obvious, essential aircraft at the u. k. fund bar asher.

research as estimate hate, waves have shaved, an average 0.5 percent off. europe's annual g. d p. in the past 10 years in 2022. the losses could be even greater to this. just a few of the factors. much of western europe is sweltering under record breaking temperatures. wildfire a sweeping across easily, greece, france, and spain destroying crops and to energy prices are up because of the war and ukraine. famous robbie has this report from to bonnet in northern spain. when the inferno came, farmers in some ora became firefighters that would not be shown. oh my god, he says, i am all alone in remote areas like this. there is no time to wait for a rescue crew. you have to save yourself. the wind whips up the flames in every

direction. it is easy to find yourself surrounded. mm. i came out of nowhere. oh my go go go. days later, manuel hills charged soil putting out any remaining embers. a most n u i you that we had help, but from other farmers in the area we thought asked the local government didn't help us told winter it is very nice to come after the fire and say we will pay for all of this. but the time to help us is when the fire is here in the blaze burned crops, destroyed infrastructure and left behind. economic uncertainty, fires in this part of the country may be under control for now, but there is still smoke hanging in the air. you can see it obscuring the landscape . you can even smell it for the people living here. and for those fire rescue teams that are based here in tomorrow, these are ever present reminders of the wild,

far season is far from over. oh, my well, for 3 generations yolanda my oh, julians family has lived and worked on this land. you mom. she watched their barn go up in flames in minutes, taking stock. she says they don't know how they'll be able to recover. and ya know, got the, i was on the, on bundle. i've never seen anything like this before. the fire came very quickly with a lot of wind. it was just relentless. we could do absolutely nothing. it's still going. it still has a lot of power. there used to be hundreds of animals here most removed, but yolanda is family could not save the hey, the livestock eats even before the wildfires changed this landscape, life here was hard families struggling just to make a living are now scrambling to keep their future from turning to ash,

zane basra, the old jazeera tub, are spain or lead dig into the numbers. now. extreme weather conditions have cost year at more than half a trillion dollars. in the past 4 decades. germany alone has lost at least $7000000000.00 on average, annually, and damage over the past 2 decades. easily estimate each fire costs around $25000.00 an acre. over a period of 15 years, the government now warns a 3rd of the countries agricultural output is at risk. and france has hydro power output has dropped by 22 percent the 1st half of the year from 2021. well, it's exempted that heat waves of worse and because of climate change in scientists of urged government to take action. europe unveiled the plan nastier to address global warming and cut emissions by 55 percent by 2030. but despite the pledge to reduce reliance on 4th fuels many european nations and now burning more coal after

russian gas supplies were reduced, to discuss all of their fun join. now, by when ya minsky, who is running out from london, she is the managing director of climate and sustainability at marsh mclennan. and she's also a member of the independent adaptation committee that advises the u. k. government on climate risk. thank you very much for joining us. on counting, the cost would be talking a lot about food insecurity, given the war in ukraine. but what impact is the heat wave is drought going to have on the continents and the food insecurity going forward? well, then already on the stress, then when you have a supply and distribution chain, sorry, to conflict political unrest and also to extreme weather. so you can say that it couldn't come the worst time. a big factor in this is water. and it's, it's worth what to note that according to the world house organization, by as soon as 2025 half of the world's population will be living in areas impacted

by waters deputy. so jobs already having a big impact on community, on agriculture, energy and infrastructure, and the economic damages are increasing and weeks. we expect this trend to continue . i think it's really important to understand that why, while this will have an impact on food prices, food security in europe is still relative dca. but we need to also look in, in a global picture and look at, you know, the implications that these events have around the world. and this, this just shows how connected our world it, drought, the current, the same time actually across different regions of the planet. could actually place an unprecedented strain on our system. how is the current heat wave effecting energy prices and how might that impact transition to renewable energy? while again, the timing is,

is really bad because our energy system is already on the lot of stress than the current heat. west piles additional challenges on those who are working hard to make that transition to renewable energy. so we'd be in strain on transmission systems, reduction, competitive nuclear hydro, such as an energy demand for cooling and pushing up prices. so if it comes at the time, but at the same time, i'll come to me as well. committed to the transition and we office teaching progress. for example, renewable energy accounted for more than 80 percent of the was new electricity capacity and last year. so it's really important that these rates of renewable investment continue to increase. but it is a challenge, and we, we call this the, the tri, lemme energy. so what we need to do is energy security in an affordable and sustainable way. and it is particular challenging right now. and it brings to people choices.

but it's, it's not taking these measures, not really an option, because the cost with an action will be significantly higher as you're saying, this is all a reminder about how into connected everything is, is this also a reminder of the importance of adaptation and, and preparedness and and can you repeat countries afford to do that right now, given the, the risk of, of recession, reboot again, another case in the pre patton is, should really be seen as an investment and not as a cost because this is what will keep us going. this will help to keep those future damages and losses at a manageable level, and that's why it's important to also take action. now, taishan means can make many things. and the good news is that the technologies and strategy that we can do to ensure that these impact become more manageable. what we need to do particular during the challenging time where

actually, you know, additional investments are so, so hard to justify. we need to have a positive message thing that investing in nature in climate change out of taisha is, is a contribution to, to make our communities and our economy viable. absolutely and investment that our survival kind of depends on, hey, thank you very much for your time. spend yet some in sky. appreciate it. ah, research as estimate an investment of $800000000.00 in climate programs can save poor nations up to $16000000000.00 every year. and according to the global commission on adaptation, rich nations have pledged billions of dollars in climate assistance to developing countries. many of failed to follow through on their promises. the issue is expected to top the agenda, the climate summit in november. and you and 60 general anthony terrace has urged, wealthy nations to deliver the much needed funds. that gets tedious about the

finance that the developing countries need as a minimum. so paying lip service to the went under the 1000000000 us dollars a year. pledge give clarity these little deadlines and fan limes and get concrete on its delivery. and that's ensure that those, when it's funding most can access suits, rich nations have also pledged $10000000000.00 to the green climate fund, the world's largest project of its kind. and it's played a crucial role in delivering finance to developing countries. $3000000000.00 for allocated by the u. s, but the country has only contributed only a 3rd of that. so far. learning us now from munich is dr. miranda shaw is chair of environmental ant pilot policy at the technical university of munich. thank you very much for your time. so extreme where the conditions are, are not just in europe. what's the cost then for developing nations? the costs for developing nations are of course, huge in part because developing nations don't have always the same capacity to deal

with the droughts in the very heavy rain storms. the floods on the extreme temperatures that, that were increasingly seen as a result of climate change. costs range from last infrastructure to people's health . and of course the tragic deaths that are also increasingly happening because of climate extremes. and what are some of a low cost solutions to try and fight global warming and, and to, you know, see less of these extreme weather events. let's think actually we're at a point where everything we do matters. it really makes a difference whether or not people avoid using their car and instead walk or take a bicycle or use public transportation and planting a tree can help. we do seen the amount of energy use at home, taking on things that are in stand by model, plugging them, taking them out of the plug that can also make a difference. taking a short

a shower can make a difference. i'm, we're actually seeing in germany right now because of the war in the ukraine. a big push to save on energy. and it's remarkable how much energy saving has been achieved just in a couple of months. if we were to do this at a global level, it could really make an impact on what about financing and helping poor nations to make the transition to renewable energy and rich nations have fallen well short of the $100000000000.00 plates that was made. do you expect to see any progress at the next climate summit? i hope so. am in 2009. we were getting about $80000000000.00 of that $100000000000.00 per year, but it's still far too little. even the $100000000.00 a year is not enough to deal with a huge impacts of climate change. i do expect that in egypt, partly because the next car will be in egypt, a stronger focus on the developing countries and their needs. and that's very

welcome. i think there's a lot of things that can be done. also, linking climate mitigation and climate adaptation and renewable energy will be a big, big help in this area. but we do need the financing to help developing countries shift away from developing coal or oil or gas, and instead developing renewables, moving forward on energy efficiency. replanting forests that have been deforested and we really need to be working together. speaking of our finance europe is among the biggest contributors to climate finance for developing nations kind of follow through though amid all of the economics of uncertainty that there is right now. that's a, that's a big an important question. i expect that with the costs of cov id and then we've had the war and energy prices are increasing. budgets will get tighter in europe. there's no doubt about it. but at the same time, renewable energy is getting much,

much cheaper than it used to be. we're also seeing that taking action now reduces costs later. so um, i do hope that europe will continue to be a big fine answer. and we'll also focus attention on, for example, you speak of financing. we need to shift the banks away from financing projects that are coal or gas intensive, and instead focus on those kinds of investments that will still bring us the energy we need and still bring us the comfort we want. but do it in a cleaner way. what about the role of the us? i mean it's failed to mate, it's green climates obligations. climate measures are stalling in congress than at president biden. has just announced a multi $1000000000.00 banter plan rather to try and fight climate change. but it warn't declare it an emergency. so what do you make of of the role of the u. s. right now in the u. s. is definitely a divided country at the moment,

and unfortunately we don't seem to have the willingness in the united states to work across party lines on what is an, from my perspective of the world's biggest problem right now, climate change is impacting absolutely everything. my hope is that in the united states, people are starting to wake up. i think you are seen in that country more interest in or concern about climate change. but we also need to continue to work with or without the united states on unmaking transitions. what is hopeful is that we're, we're seeing this big push for offshore wind right now, also in the united states. and that's partly because this is becoming one of the cheapest technologies around. so one hope is that economics will help to make some of this transition a little bit easier. um, but it is a big concern on the united states is still responsible for 14 percent of global c

o. 2 emissions and without the united states is a big player and a big fine answer. it will be worrisome or i will have to leave it there for time. thank you very much for your time dr. miranda shares. thank you. planes were grounded for months during the pandemic, but as travel is staring the industries recovery with an increase in demand for new aircraft. this might be encouraging sides. aviation groups are worried that cheap political tensions rising inflation and a shortage of commodities could drag down the market. american plane make a boeing forecast, slower growth, the deliveries in the long term. the company trimmed projected demand for airplanes over the next 20 years to more than 41000 new airplanes that exclude the estimates from the russian markets because of the war in ukraine. the playmaker forecast, the market value of more than 7 trillion dollars, the new airplane deliveries with the global fleet, increasing by 80 percent through 2041 compared to 2019 asian markets account for

roughly 40 percent of long term global demand for new airplanes. while europe and north america each account for just over 20 percent of the deliveries. boeing also trimmed it's forecast for annual passenger traffic growth to 3.8 percent down from 4 percent. where asian recovery heated up at the world's 2nd biggest air show at fond. but in the u. k, the industry has been under pressure to cut greenhouse gas emissions. and aerospace manufacturers decided to focus on the future of clean flying at the bi annual exhibition or challenge reports. the, the gulf between vision and reality rarely yawns as wide as at trade shows that farm bra and travelers, green high tech hassle, free in the real world, cues stretch, baggage, piles up and pilot strike. go did the speed and see the engineer for sustainable future. but if we to glimpse how we might fly to morrow,

it is it farmer supersonic wants to bring back supersonic and travel to decades. after concord was grounded, we deeply believe in the future where more people can go more places more often. we believe that speed enables that future and therefore it's not good enough just to make a little bit of progress on efficiency. we need to make a big leap forward and completely remove sustainability as a reason not to travel. and hybrid vehicles is making the air land as part and ship part plane part helicopter. it's low emissions, won't need a runway and would carry passengers or freight the landscape developing harrison development towards them to medication and sustainable asia. do the ongoing inefficiency improvement that we get from jet aircraft and to move to hydrogen, which is a lot of our story here. our plan here to bring hydrogen powered aviation and to make, make, we need all of it. we need all that. we need more. the u. k. government has just

launched jet 0 requiring domestic aviation and airports to reach net 0 carbon emissions by 2040 other governments and moving to cove. it was an earthquake for the aviation industry with air travel, all shutting down. the current stock shortages and disruption showed that office shop. it's still river, i think, and may continue into 2023 according to where the bosses had in the need to minimize how polluting ation is. and these are turbulent times for the industry for we tell him, how does era the farmer asha? joining us from london is rob morris global head of consultancy at a send by syria, a consultant. the service that delivers data on ation and ed just the man we need on the so thanks very much joining us, rob. so boeing has struck an, an upbeat tone on aircraft am on despite a faltering global economy. i want you to take on the rise in demand for aircraft.

yeah, i think come, we need to differentiate short term versus long term. so sir boeing released its commercial market outlook last week, which covers a forecast of an excess of 40000 new aircraft deliveries over the next 20 years. and that's the long term. but of course at the present time, the industry is still recovering from the impact of cov, it on demand. and in some regions, in fact, in all regions where either close to 2019 in demand terms or, or so some way off. so, but that means there is an increase in demand i've, where we were 12 years ago. and in that context, we see airlines needing more new aircraft, either to replace aircraft. they've withdrawn from service because they're less efficient or to facilitate the increase in services as growth returns. again, as a say, that's the short term. in the long term, we have a focus to send by syria, which is very similar to it, took boeing's forecast or air buses own global market forecast. and we're all

forecasting requirements for around $40000.00 new commercial passenger jets and freighters to be delivered over the next 20 years. at one final point to make a farmer this week, we've seen some aircraft orders, but fewer aircraft orders than we would have seen at previous trade shows around 250 firm orders between our buses. boeing. but that's because right now, air buses sitting on a backlog for new aircraft, of nearly 7000 aircraft units. and boeing nearly 5000 units are between them for not 40000 demand. we've already got around $12000.00 new aircraft committed and on thermal at today. and boeing's estimate, which, which we've been talking about, excludes russian playing. how much do you think the war in ukraine is affecting the market? russia was a brochure in ukraine were relatively small paws and mach overall in passenger traffic terms. we measure passenger traffic in terms of, of the distance people traveler colon revenue,

passenger kilometers. and that was around 4 percent of the global market. so. so in overall terms, russia was around 4 percent. and if you look, if you look at boeing's forecast, i think they talked about that being 1540 across from there, 40000. so even few of those when you crossed up. but, but an interesting point, this is a long term focused in 20 years. that market for 1540 aircraft will exist and somebody will be able to access it, whether it be just russian manufacturers or whether in the long term things change and other people can supply again, we don't know because we think back 20 years is very different so, so russia about 4 percent the market, we're seeing a limited impact on traffic in demand in, in europe to day one, find a point low. russia was a market were less or is that starts at that people, companies who purchase aircraft and then lend them for, for a rent to airlines. russia was a big market. all price you less was getting on for 10 percent of the overall

market. so the loss of that market changes the way that industry can operate going forward because they've lost a bigger chunk of their demand. sure. what has the impact mean if any, are from supply chain disruption deliveries in entered, of access to spare parts. so, so at the present time, if you talk to any airlines or other customers, i will typically tell you that the manufacturers or 34 months or more light with deliveries. clearly, supply chain disruption both in the context of access to materials, access to people and logistics. for delivery to the, to the o e m. so the manufacturers find the assembly lines. it disrupted the industry as a whole is facing many challenges in everything. you know, chaos, the airports, labor shortages, la, should not being able to be found or unloaded high ticket prices. do you think any of this is going to affect the rebound in travel, and how can the industry,

how soon can the industry make up for the pandemic? losses yeah, i think there is a potential for a lot of this to impact the pace of the recovery. so if we look at our own projection models, we had in a global recovery to 2019 levels occurring by about august of next year. but as we look at 1st of all, the chaos itself being fermented by the lack of human capital, the fact that many people left the industry and hadn't returned that's causing significant disruption. then we looked at the economic outlet with high inflation, driving increasing fuel price for airlines, driving potentially increased maintenance costs, the airlines driving the cost of that they actually pay to own the, or least their aircraft up driving this stuff to say kind of pay rises. that's going to create higher higher costs. the airlines which effectively will get passed through to us, the passengers in high ticket prices. and we know that when we see high ticket prices that potentially dampens demand. then we also have slow economic growth

potentially. if we look g d p for cost moving forward, we see many people projecting slow downs control of or maybe even contractions of economies, recessions in the 4th quarter 1st quarter, next year. so the economic growth could also dump and demand. so that means the, the rebound, the recovery, outlook, becomes more uncertain. all right, we'll leave it there. thank you very much for your time, rob marce. thank you. and that is our so for this, when you get in touch with us, my tweet me at can vanelle and do use the hash tag a j see to see when you do or you can drop us an email accountant, call set out as our dot net is our address as well for you online at al serra dot com slash ctc. that will take you straight to our page, which has individual reports, links and, and tie up. so it's for you to catch up on me. and that's at this edition of counting the cost. i'm can vanelle from the whole team here in doha, thanks to joining us. the news on al jazeera is next

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