and promised to jumpstart the economy. by mounting economic problems and deep divisions with his powerful vice president, christina, for an under the cushion or have paralyzed his administration. and only say that government is facing a confidence crisis. i think it's the filament that leads to a lack of confidence. so no one expects expect things to change. let me give you an example. as i told you before in our, in dina, and there's the breaking start are subsidized. that's the start of the economy. seems to be in the fund warm and the growing ministry has been trying to sort of gotten those, those cells that actually are, are bro rich. but the keys are function within the growing cause. we're looking that for 2 years, that's an example of the level of paralysis that permits every level of our mind. and that's that all these recreate uncertainty among people are doing teenage rich in natural resources and has the capacity to feed millions of

people. not only within its borders, but also around the world, but it stuck in a seemingly endless cycle of economic troubles. several administrations have been unable to resolve business. i will. i'll see that one of our g it's good to have with us. hello adrian. i got a hearing though, how the headlines on i was 0. moscow and keith have signed a deal to allow the safe passage of grain from ukrainian ports to the black sea on the black sea. the agreement was broken by turkey of the united nations, its raised hopes that an impending food crisis could be averted. so at each miller's eye, these are the incomes of farmers. the entire agricultural sector in the state budget is a jobs. these are funds for next year's sewing. there's a chance here to reduce the seriousness of a food crisis caused by russia and prevented global catastrophe. a famine that

could lead to political chaos in many countries, particularly those that help us kill stations. since ronko have restarted sales under our rationing system, after a new shipment arrived, motorists and colombo awaiting at long queues to fill up the vehicles and al fernandez reports from colombo, the fuel, our supplies are coming through a little more than they were a few weeks ago when people were waiting in queues for days and days, some stories like horror stories of people waiting up to 10 days and still, you know, running out of the pump, running out of fuel when they came to that turn. either the gentleman, if you look over my shoulder further down in it's a diesel vehicle, a sort of a container carrier. he's been in that queue or he's got to where he goes there. $26.00 days, thailand's prime minister, prior john archer and 10 of his ministers have survived a no confidence vote. opposition parties accused the government of ethics violations. iraq's parliament is holding

a special session in response to an artillery attack on witness day that killed 8 tourists. iraq blames turkey, but anchor says the terrorists are responsible. at least 20 people have died in flash floods in iran southern fars province, according to local reports. teams of rescued dozens of people, but many are still missing. steve banner wants a political advisor, the former u. s. president donald trump has been found guilty of contempt to congress. he defied a subpoena. i house committee, investigating last year's wyatt's on capitol hill. others the headlines that he's continues here on. i was a 0 out of this week's counting the cost. next i was here where ever you ah

ah hi there and give 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, one europe is becoming a he twice help. the how can the continent adapt, extreme weather conditions want cause? also this week the world need to burn less fuel to slow climate change. pos are developing nations, getting the funds they need to switch to renewable energy. and back to the skies, as the travel industry recovered, some of the pandemic losses. we look at the demand will be obvious, essential aircraft at the u. k fund and show the

research as estimate hey, twice have shaved an average. there are point 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 on the record. breaking temperatures. wildfires 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 donna in northern spain. when the inferno came, farmers in some ora became firefighters with 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. 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 at whole entire it. it's 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. i wish your money

for 3 generations yolanda. my o julians family has lived and worked on this land, 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 arizona on bonham. 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 family could not save the hay. the livestock eats even before the wild fires 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 ezra tamara, 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. italy estimates 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. let's exempted that heat waves of worse and because of climate change in scientists that urged governments to take action. europe unveiled the plan last year, address global warming and cut emissions by 55 percent by 2030. but despite the pledge to reduce reliance on false fuels, many european nations and now burning more coal after russian gas supplies were

reduced. to discuss all of their thumb join. now, by when you're minsky, who is running out from london, she is the managing director of climate and sustainability at marsh mcclendon. 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 droughts going to have on the continents and the food insecurity going forward? well, already on the stress then tweet you how vulnerable supply and distribution chains are to conflict political unrest and also to extreme weather. though you can say that it couldn't come at what time. a big factor in this is water. and it's, it's worth while 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 water scarcity. so drugs already having a big impact on community, on ac culture, 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 relatively bay. 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 gesture of how to connect to the world dryer, the current, the same time actually across the 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 under

a lot of stress than the current heat west piles. additional challenges on those who are working on so hard to make that transition to renewable entity that will be in strain on transmission systems. reduction capacity of nuclear on hydro, such as an energy demand for cooling and pushing up prices. so it, it comes at a bad time, but at the same time, how chronometer, well committed to the transition. and we're also seeing 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 investments continue to increase. but it is a challenge, and we, we call this the, the try. lemme energy. so what we need to do is that she energy security, an affordable and sustainable way. and it is particular challenging right now, and it brings difficult choices, but it's,

it's not taking these measures. it's not really an option because the cost of the action will be significantly, 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 preparedness? and, and can you repeat countries afford to do that right now, given the, the risk of, of recession, reboot again, another case and then 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. so 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, particularly 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. 3 programs can save poor nations up to $16000000000.00 every year. and so going into 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 talk the agenda, the climate summit in november. and you and 60 general anthony tennis has urged, wealthy nations to deliver the much needed funds. let's get serious about the

finance. the developing countries needs, as a minimum, stopped paying lip service to the $100000000.00 us dollars a year. pledge give clarity, so deadlines and timelines and get concrete on its delivery. and that's ensure that those, when it's funding most can access it's 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 the 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 rainstorms of floods. 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. i'm planting a tree can help reducing the amount of energy use at home taking and things that are in standby mode is 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 and 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 to 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, and made 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. oh 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, and i do hope that europe will continue to be a big finance sir. 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, and congress and 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 i'm 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 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, as 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 ad travel is staring the industries recovery with an increase in demand for new aircraft. despite the encouraging sides, aviation groups are worried that she political tensions rising inflation and the shortage of commodities could drag down the market. merican plane make a boeing forecast slow a growth for 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 airplane make forecast, the market value of more than 7 trillion dollars. the new airplane deliveries that 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 or 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. q stretch baggage piles up and pilot strike 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 for them to medication and sustainable agent. do the ongoing efficiency improvement that we get for in jet aircraft and to move to hydrogen, which is a lot of our story here. our plan here to bring hydrogen powered aviation internet to 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 governance 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 a 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 the challenge. how does the ra 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. but in some regions, infection 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 full custody sent by syria, which is very similar to took boeing's forecastle 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 air buses learning. 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 russia and ukraine were relatively small part of the market overall in passenger traffic terms. we measure patent traffic in terms of, of the distance people, trump, we call them revenue passenger kilometers. and that was around 4 percent of the

global market. so. so in general terms, russia was around 4 percent. and if you look at boeing's full cost, i think they talked about that being 1540 across from their 40 old 1000. so even fewer those when you are cross. but, but an interesting point, this is a long term full cost in 20 years. that market for 1540 i 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 different so. so russia about 4 percent in the market, we're seeing a limited impact on traffic in demand in europe today. one, find a point. no. russia was a market where, less all that stuff, that's people. companies who purchase aircraft and then lend them for, for a rent to airlines. russia was a big market for price, you less source 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 or from supply chain disruptions deliveries and sort of access to spare parts? so, so at the present time, if you talk to any airlines or other customers, they will typically tell you that the manufacturers are 34 months or more light, but deliveries. clearly, supply chain disruption both in the context of access to materials, access to people, and the gist sticks for delivery to the, to the ems, the manufacturers, final assembly lines. it disrupted the industry as a whole is facing many challenges. and we're seeing, you know, k off the airport 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 and 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 as a 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 look at the economic outlet with high inflation, driving increasing fuel price for airlines driving potentially increased maintenance costs, airlines driving the cost of that they actually pay to own the, or least their aircraft up driving this stuff to see kind of pay rises. that's gonna 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 forecast moving forward, we see many people projecting slow downs contract, 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 outlet becomes more uncertain. all right, we'll leave it there. thank you very much for your time. rob marce. thank you. and that is, i saw it for this. when you get in touch with us, my tweet me at kim vanelle and do use the hash tag a j c to see when you do or you can drop us an e mail content call set out as our dot net is. our address is more for you online at al does our 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 and that's at this edition of counting the cost. i'm kevin elm from the whole team parents. oh ha, thanks for joining us. the news on al jazeera is next. ah,

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