turned the hopes of millions of peruvians into anger. his precedence he has been marked by constant protest, lemming, gusty use, incompetent, corrupt opinion, pulse show his approval rating is at a low of just 19 percent. with most former precedence, either under investigation or convicted of corruption, peruvian say, think want him out, let 'em. okay. i think now that we want the treat to be known because we deserve a president who is not involved in corruption, but the president says he's innocent and still some supporters give him the benefit of the doubt. o, sitting bessy or anyone can be investigated. but until there's a sentence, there's no guilt, dusty, you hassan successfully requested the attorney general in the probes. well, the president can not under peruvian look, betrayed or sentenced while still in office. his political enemies are working hard to ensure that he'll be removed as precedent. and sent to trial long before the end of his official 5 year term. but he innocent just like to see that lee might be to

ah, hello, this is al jazeera and these the headlines. hundreds of protest as who stormed rocks. parliament have now left the supporters of shia cleric looked at al serra were demonstrating against the nomination of a new prime minister who belongs to a pro iran bluff. the federal reserve is increasing its key interest rate by 0.75 percentage points to 2.5 percent. the u. s. central bank has been raising borrowing cost since march to try to rain in rising inflation. u. s. secretary of state antony blinkin says a substantial offer will be made to secure the release of basketball player britney griner, and former us marine pool whelan. they're both detained in russia. he says he'll speak to his russian count upon sag a lover of in the coming days. risen issue that's a top priority for rush,

release americans, all wheel drive all the time and must be allowed to come all substantial proposal on the table weeks ago. facilitate the release. our governments are communicated repeatedly and directly on that proposal to the conversation to follow up personally. and i, oh gosh or to resolution. while the russian foreign minister sag elaborate is currently in ethiopia for the 2nd leg of his tor, on the african continent. lab rob is aiming to reassure nations hit hard by the global grain shortage. millions of people across africa have been left without adequate access to food because of soaring prices. nasa has announced that russia is sticking with the international space station for now. according to the u. s. space agency, moscow told nasa on wednesday that they will remain partners on the i assess for the next 6 years. that comes just one day, though, after the head of russia's space agency, ross thomas had said they'd be pulling out by 2024. russia now says it plans to

have its own station in space by 2028. germany's national airline. lufthansa is canceling more than $1000.00 flights because of a one day strike binds ground crew. a labor union is demanding a pay increase for around $20000.00 workers. it says a payoff a made by lufthansa is not good enough. the airline is one of the world's largest, and it says the strike will affect about a $130000.00 passengers. well, those are the headlines. i'll be back with more news for you here after counting the cost, do stay with us. a sanctuary for journalists. it was a haven, the war and shelter for civilians. refugees were scattered into the garden during cambodian bloody civil stuff imploring us to heave. and suddenly we were turning up exxon. the commander rouge had taken anything of value out of the hotel,

cambodia, lebanon, a new episode of war hotels on al jazeera. i lose, 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, one europe is becoming a he twice pop, fos folk. how can the continent adapt extreme weather conditions want cause? also this week, the world needs 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 recover. some of the pandemic losses we look at the demand will

be all via substantial aircraft at the u. k fund. and show the research as estimate hey, twice 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 on the record, breaking temperatures. wildfires a sweeping across the easily grief france and spain destroying crops and to energy prices are up because of the war and ukraine. famous robbie has this report form to donna in northern spain. when the inferno came, farmers in some ora became firefighters. i will be your total, my god. he says, i'm all alone. in remote areas like this, there is no time to wait for a rescue. chris, you have to save yourself. the wind whips up the flames in every direction. it

is easy to find yourself. surround came out of nowhere. oh my go go go. days later, manuel hills charged soil putting out any remaining embers in more than you do i you that we had help. but from other farmers in the area we thought is the local government didn't help us or 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 your money for 3 generations, yolanda. my o julians family has lived and worked on this land you off. she watched their bar and go up in flames in minutes, taking stock. she says they don't know how they will be able to recover. and ya know, gabby, i was done on bundles, 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 still going, it still has a lot of power. there used to be hundreds of animals here, most were moved, 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 tubs of spain. i lead stick 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. basically, 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 frances hydropower 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, the urged government to take action. europe unveiled the plan last year 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 this, i'm joined now by 20, some in sky, 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 and ukraine, but what impact is the heat wave is droughts going to have on the continents and the food insecurity going forward? well, i already on the stress than we to how the supply and distribution change, sorry, to conflict political unrest and also to extreme weather. so you can say that it couldn't come to work time. a big factor in this is water. and it's, it's worth what to note that according to the world health organization,

by as soon as 2025 half of the world's population will be living in areas impacted by water scarcity. 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 and europe is still relative 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 just shows how it connected. while it drives 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 we're 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 entity. so we'd be in strain on transmission systems, reduction capacity of nuclear hydro, such as an energy demand for cooling, it, pushing up prices. so it, it comes at the time. but at the same time, how 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 of 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 he energy security and 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 not ready an option because the cost of 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 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, taishan means can make many things. and the good news is that there are the technologies and strategies 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 investment or 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. but many of failed to follow through on their promises. the issue is expected to top the agenda at the climate summit in november. and you and fix your

general anthony terrace has urged, wealthy nations to deliver the much needed funds. that gets tedious about the finance that the developing countries needs, at the minimum stopped paying lip service to the $100000000.00 us dollars a year. pledge give clarity some deadlines and timelines and get concrete on its delivery. and that's ensure that those who need funding most can excessive 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 allocated by the u. s. the country has only contributed on the 3rd event 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 weather 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 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 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, of 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 um, 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 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 protected demand for airplanes over the next 20 years to more than 41000 new airplanes. that excludes estimates from the russian markets because of the war in ukraine. the airplane make a forecast, the market value of more than 7 trillion dollars for 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. where ation recovery heated up at the world's 2nd biggest air show at farm. 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 at farm bureau and travelers green high tech hassle, free in the real world, cues stretch, baggage, piles up and pilot strike did the speed and safety 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 harris and development towards implementation of the agent. do the ongoing efficiency 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 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 still reverberating 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 talent out there to 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 the 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 focus it

a send by serial, which is very similar to took bearings for coastal 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 russia and ukraine were relatively small part of the market overall in, 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 buddies, full cost, i think they talked about that being $1540.00 across from their 40 old 1000. so even fewer those when you at 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 you 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 20th more different. 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 big chunk of their demand. sure. what has the impact mean if any, 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 just sticks for delivery to the, to the ems. the manufacturers find 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 of the recovery. so if we look at our own project 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, the 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 for cost 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 maurice. thank you. and that is our. so for this, we get in touch with our, my tweet, me can vanelle, and these the hash tag a j c to see when you do or you can drop us an e mail company to call set up their dot net is our more for you online at al serra dot com slash ppc, that will take you straight to our page, which has individual report links and, and tie up so on. and that this edition of counting the cost, i'm can vanelle from the whole thing here. and so thanks for joining us. the news on al jazeera is next,

ah ah, ah, ah, i bought the vehicle, had we pick you take every click, you make flipping everything to all the waves. mazda 6. it's time to watch what we believe that on the deep, sweet civilian political engineers. ah.