tv Inside Story Al Jazeera September 11, 2022 3:30am-4:01am AST
3:30 am
between the person to me am for me either one of my i was i was absolutely garcia. i was feeling lost, a member of my family. want to tell you that there have been 17 people appointed. this opened by 3843 on the 8th of still alive, the former dumb major consider that a suit on up to glint behind the cutting. the royal life will live. some of the things have been said about how much quick witted she was. a how funny and a me, but it's for me personally, i was of his off humanity as a person. that was a big thing. am how she treated a staff. i should treated me as a person, a, me, a, she didn't like a boss and i should look up killing women. and that's, that's the cool thing for me to come. piper will play a role in the coming days as a nation says farewell, under which you are. and what for her? remember the moment they shared a joint down in sterling and 1989, and i was just
3:31 am
a young, 15 year old. anna swadell is just the queen. never with i thought that who 20 or years later i would be sleeping 7. if i stepped away for the queen, every night i would be i would class the queen as a new person. she knew she knew. my name's she knew my children's name is likely when queen elizabeth there will be a final lament, please. of course the countries of those like scotland, you will see the many pass here. well, i will push up. i'll just either suddenlink. ah, this is al jazeera and these are the top stories. the sour king charles, the 3rd has been proclaimed the new sovereign of the united kingdom. 2 days after
3:32 am
the death of his mother, queen elizabeth, the ancient ceremony held at saint james's palace was broadcast, live on television for the 1st time. in taking up these responsibilities, i shall strive to follow the inspiring example. i have been set in up holding constitutional government and to seek the peace, harmony, and prosperity of the peoples of these islands and of the commerce realms and territories throughout the world. king charles has 2 sons and their wives came together to look at the tribute some flowers left for the grandmother outside windsor castle. the full royal spent more than 30 minutes speaking to members of the public. it's the 1st time the 2 couples had been seen. so closely together, since harry and make an officially lift their royal duties and moved to the us in other news, ukrainian forces are regaining territory. last to the russians in the north east.
3:33 am
the eastern town of kapinsky, near hi keith has been retaken and forces are closing in on another town. ukraine's president says they have gained 2000 square kilometers just this month. well, those are the headlines. the news continues here on al jazeera, after inside story up next ah, winning in soaring energy prices, european countries are facing and unprecedented gas shortage. leaders have contingency plans, but all they enough to get for the winter. i will the e put in place a long term energy strategy. this isn't festival ah,
3:34 am
with hello walk into the program. i remember on con, european energy ministers have failed to agree on a plan to cap a russian gas prices at an emergency meeting in brussels. the session aim to consider how to shield households and businesses from soaring energy bills. but the stalemate has cast doubt on whether the proposal will go ahead. e energy commissioner called re simpson, says countries heavily reliant on russian supplies fear. they will be cut off altogether. president vladimir putin had earlier threatened to make europe freeze this winter if a cap is agreed. russian supplies currently make up 9 percent of each gas impulse down from 40 percent before its invasion of ukraine. european council president
3:35 am
charles michelle has tried to reassure members. he says, we need to remain calm. we must not let ourselves be intimidated by threats from the kremlin. and he goes on to say we need to diversify our energy sources and supply sources. because we see that russia is not a reliable actor. in the u. k. however, the prime minister announced a cap on energy prices to protect consumers. let's draw says the average annual household bill for gas and electricity will be limited to 2 and a half 1000 pounds as around $2900.00. and i can tell the house today that we will not be giving it to the leader of the opposition. oh, for this to be funded through a winful task that would undermine the national interest. by discouraging the very investment we need a present putin's threat increases the likelihood of energy rationing in europe this winter. and let's say august was
3:36 am
already the most expensive mom on record for energy tariffs. on the continent, prices in germany were more than 35 percent higher last month compared with the same month a year before. france recorded a small increase with cost rising a little over 22 percent. and in italy, the prices jumped nearly 45 percent in netherlands. the energy bills were a record, a 151 percent higher in august this year, than in august 2021. ah. let's bring in our guess. sandrine dixon declare is an energy climate researcher and co author of rural, a survival guide for humanity. she joins us from brussels. dr. moffatt is the founder of the u. k. energy security group and a former u. k. government energy advisor. he joins us from london and in his way in turkey, we have met a gucci, who is the chairman of the london energy club and a former director of british gas, a warm welcome to you all. i want to begin in london with clive moffatt. clive are
3:37 am
what the british government is doing is capping energy prices at $2900.00. that's obviously going to be a great help for the british people. and it's something that maybe other governments will take on as well. but the cost of this long term is said to be about a $100000000000.00. is this feasible? to be honest with, you know, in the last month, again, the border is increased by over 30 percent. i think this is quite frankly is this level of the market intervention and the price is not just deployed. and i think there's other ways that could be achieved. there are problems with trying to, like help household through the price make an ism especially when you don't control wholesale prices. i don't think price mechanism should be used to the welfare
3:38 am
money is there. some government have to do something, and this is something that seems to be the easiest option given the russia isn't playing ball. is this a good option? do you think? well, i mean what they were you if i because you wednesday all yesterday, i mean whatever method is he had the day is very create the response, right? and in this regard, i don't see that there is much hope we are talking about are the solution from diverse life sources winful profit also reduction of consumption. but these are all medium low measures. we need to, if you have it all and very bad winter coming and russia has
3:39 am
eat in their hands right now. they're providing only 90 percent of the uga as opposed to 40 percent before the iraq. and now if you have a f one rushing, it will hopefully be why nothing will be there and you is not to substitute for this. so i think it's very important to see the big picture. and i'm looking at you leaders are seeing the big picture of course medium term. we can build a need european and are just why are renewables to divers asian rule. and i'll just say being the, i don't get your name. but after you, i will have a new pipeline coming, but i can be t challenge the jeep european household and in the us be happy and not to lose the competitor in the world market is so picks the most important challenge
3:40 am
. i tell you is the market liquidity because it $1230000.00 is not injected into our generators. and also i think we only to see a slip, a lehman brothers in an antique dusty, very suit. so i think they have to act very, very quickly rather than dealing with the degree. well that's bringing sandrine has hundreds and energy climate researcher, surely august is saying we need a quick fix solution, but surely quick fix solutions. a wall has got us into this problem in the 1st place, we need a longer term solution on energy reliance from one large are provided like russia, but needs to change. surely. i, i'd like to build on that and you're absolutely right. i do agree that we need short term leavers and those short term lever, however, cannot actually bank us back tracked on our long term objectives. as was just said,
3:41 am
it's going to be difficult in the next few months. and we have to think through what are the buffers that we're going to give the price caps ensuring actually that we also work with consumers through energy efficiency measures. and that we reduce our demand. i think it's a good thing that we've shifted from 40 percent to 9 percent in terms of our dependency on putin. i do think that we need to be very careful that we don't set up further unholy alliances and substitute our dependency on russia with other dependencies outside of europe. so we do need to address the dysfunctionality of our current relationships, geopolitically with regard to energy, but also very much address the infrastructure at the european level and the market signals that we're saying also the decoupling of the market from gas prices. this has been one of the key issues that we have seen and we need to start to address. how do we actually invest in
3:42 am
a european market that truly does foster much more capital for renewables, build that infrastructure as fast as possible. and in the mean time, ensure that we actually buffer consumers, we can enable tax incentives as we're seeing, we're going to have to proceed with some type of energy check. the other conversation that i just recently had with the european investment bank and also with the european central bank is how can may help, how can we, in, i enable short term loans. that actually could probably address some of the city level disruptions, transport, poverty, and energy poverty. the consumers are going to see whether it be in buildings or whether it be in the transport system. so we have a lot of tools in the tool box and my key council to the european commission. and actually president vander lion just this week has been do not backtrack. now it is the dis,
3:43 am
functionality of the markets that we show very clearly in our book or for all her survival guide for humanity. this dependency on too many short term suppliers which will get us in a future long term mess. and so we need to think about how we properly invest and give the signals to investors to continue to move towards renewables. and demand side management efficiency measures are the one your thoughts on this as well. but i want to go to amendment and as mayor 1st, what's your reactions about? well, i also think that good luck is because this crisis my prisoner as well. we all be walking long to make the transition from a green energy as quickly as possible. we have the goal of 2011. this is quite a bit, but perhaps in this crisis, no matter how we are going to. so it in the next few months and 3 years might be
3:44 am
perhaps pushing out words to create your transformation. because we have not and the commission and most of european union kind of agreed that they will pick to the green deal when we change goal. and they will know still to greener feels and they don't want to commit to gonna go beyond the next 2 years. because this will take at least 3 years. and therefore, will have this might be presented as an apartment d to work together. creek in the pace of transportation doesn't issue. i think the previous speaker said, well, money matters agree wherever you put the money transformation globally in this direction. over the past few years, we thought that a month free for the investment are moving to renewables. but now don't forget, we feel concealed. 83 percent is built in our global and i should be.
3:45 am
and you cannot move from the greenery very quickly. so it's not transfusion, i think we have this process. that's the reason why some of the destruction about taking place. and our issue is whether it's a lemon rather type of lapse of energy companies. they can be avoided and how this companies will be transport. well, it will not let me bring the thing when i went ahead on this as well. the example of lehman brothers, which is mentioned, you'd seen sorry if you just give me a 2nd or last question. it might actually focusing slightly. we had the example of lehman brothers here. now bulb and the u. k has already failed, and that's been a very costly bailout for the government. is there a way the market? clive can actually act positively. this is i think we've got, if we were in danger here, confusion, shaw, on long term issues. just like to reiterate what the last speaker says about gas.
3:46 am
you might have a like, what about the russian gas for the point is the gas because say it's something that you're a continue to depend upon for some significant number of years. probably 10 to 15 years. the other issue, i like to focus on it, but trying to separate out show consideration on the short term europe has 2 problems. one is to mitigate the, in fact, to the potential energy ration on industry and consumers on the other is to try and help those families. those households who are spending a disproportionate amount of their income on energy and could do this from hell. you've got to bear in mind the large extent for most of household growth western europe, the u. this is a problem for some people, but it's not
3:47 am
a crisis. the whole intervening the markets to pay the wholesale prices. all retail price is grossly expensive. and effectively under came suppliers, it gives money to people who don't really needed supplies, get basically get financial intentional costs on the bin. and the consumer is left with possibly a higher price burden than it would necessarily do and is also potentially a strong. ready and she is going to bear in mind that the current supply cos break even for l m g and no c. gas is less than half the current full retail price for wholesale gas. now i'm going to is economy, and i've been around many issue ations a long time and you can expect that there will be, and i'm not the only one who thinks there's some form of correction. despite the
3:48 am
dave a speculation in the market about whether putin will turn off all not free. so i think we have to look at that and say, well, if we go in and intervene in the market the way that trash has, there is a danger who we preclude the adjustment that might take place. certainly by the 1st quarter of next year in terms of both feel prices. so i can understand ministers in europe reacting in the way that they have. and i think they are quite rightly concerned because one of the biggest stretch of trying to paying wholesale gas is if you're running short of gas, say, and then you have to huge a huge impact on industry and assume as seen all of us debate. there's been a lot of too much emphasis on price and not enough on a proven flexibility of gas supply and the quantity in both the gas, the electricity market. i mean, a longer term issue that
3:49 am
a lot of the lot streak is mention about investment in renewables right now. there is a way what we need to have here is a farm. here. we don't have it here and approach from russell well from london. i can hear it approaches to walk, in fact is a viable alternative. in many cases, a lot of the technology is being talked about simply bible at this point in time because everything you've just said points to and there's one a bit of what you just said, which kind of struck out to me is, is that not everybody will be affected by this, there are some people who won't actually pay that much more, but it's going to be the poorest people in europe that will be affected. and that's a political problem. i want to bring sandrine in here. there is a political aspect to all of this, right? those pull people, they do need help. absolutely, and again, the research that we've been doing in the analysis that's come out of our system
3:50 am
dynamic modeling, which is featured in or for all. and then the stress testing we've done with economists, and this is even prior to the ukrainian crisis, has been very much that we're gonna have social tipping points before we even have environmental tipping points. if you look at the compound effect between covered clearly and then the climate impacts that we've seen across europe, which have already had rig have wreaked havoc on the production and yields of agriculture. and then you bring in, obviously the ukranian impacts both on food and energy plus inflation. all of this is hitting at the same time. that's why we cannot actually address this in a vacuum and only think about the gas market. we have to start thinking about the perversity within our you can economy, which includes subsidizing actually large scale industrial production, subsidizing fossil energy, not ensuring that we have a proper price differential to enable the most vulnerable to be able to continue to
3:51 am
heat their homes. in addition to the way in which we look at the electricity market and we've already got those types. i mean i, i agree that there needs to be absolutely more flexibility in the electricity market. but the fact that we have actually not decoupled the market between renewables and gas, and they clearly it is the gas price that continues to put a high price on other sources of energy is totally dysfunctional. so we have to look at the full picture. and as i indicated before, we do have tools in the tool box. we're going to have to go into crisis mode. we are in a crisis, we needed a planet, we need an emergency plan, as anyone does when actually the house is burning and europe is going to unfortunately be hit very hard. over the autumn and the winter, there is no doubt that there will be some suffering and there already is by our
3:52 am
citizens. need to make what i want to bring them in. that is where there's a crisis moment, says august in brussels, something needs to be done. is that something making nice with ludovic to 10? well, i mean, look at the laughing at, you know, dealing with because he was or, and i will be with him to be the one on buddy. as we know, each member company has the own. inquire and need pro depends 85 percent on nuclear kind of person on either john wanted to remain respect whereas germany, which is the normal or the next, or need more energy and cheap and we'll get we'll i'm going to just find an agreement with a price point 8000000 cubic meters of got. why is serbia and repeating rushing dust?
3:53 am
so i think there's going to be huge cracks not only how to support the most valuable in society, but within the european union. i think there's a way to serve it, set this up real quick and just say as well, dealing with a we and why get you repeat union. even the poor l n g, you know, they have and then g receiving terminal and they tell you more. god and target pipe my pipeline way of germany from is rejecting the and then 3 totally perhaps, you know, i'm jerry, you know, living. i mean, i'm going to turn on also ship. it is not a big long time. but we are going to expand also come up and bringing the b. john, what will happen iran, on the other hand, when i talk to official b, germany recently, they told me that we don't need 2 years from now. there is got to like now if we don't buy long term contract, nobody is invested in them. then you got so this that means the restructuring of
3:54 am
running out and we're sorry we are running out of time and i do want to come tomorrow because i want to bring the re, clive, you are a former u. k. government advisor. how much of the advice that you gave to the forward government was political nature and how much, how much of it was just simply economics and politics a consideration for you? yeah my, my argument says being the politics is go in the way of energy before too long and maybe the time has come. so i did raise the issue. when i advise new directive in brussels in 2000 and bought the issue, may me need to set up an independent energy advisor energy group. you're like outside of the government to take a long term planning decision being referred to about the company is ation. just
3:55 am
like to mention the point that the market became both locked into the game broken in europe. once the government decided to bomb the compensation generation. look, i'm going onto the married or the system actively without taking full account to the individual, seeing the costs associated with that. what he did was marginalized gaskin or ation . so in the situation, one of the crisis that ministers in europe are having to deal with now dealing with the bank of england is to make sure was adequate funding available. so the gas generators can actually hedge wal against the speculation further speculation in the price. otherwise they could cease to produce and that was a big exacerbate turn, the lights out. so no politicians on the lines going out when they're in charge and certainly not a new front. so situation where we have to totally agree about the
3:56 am
need to play guidelines, decimal signals for long term investment in low comp and generation. but we are away from the i argue strongly in 2005 in russia, brussels to actually not have a emissions trading scheme to have a single long term trajectory for bob. let me bring and sundry in his, andrea, we're talking about this idea that, that needs to be a separate mechanism, a separate institution that deals with energy crisis like this. is that a good or did you think? i completely agree and i would actually add, and this has been one of the proposals that i've been making for a while that we need a food stability for. we had a financial stability board. we need to address energy stability. and i do think that we d new need to put in place some type of mechanism to enable that to happen. this comes back to ensuring that we have flex of the flexibility also in the market. i
3:57 am
also very much agree with the comments on the smart spot market and the fact that we have to address p p a's long term contracts. this is incredibly important. busy it's also very important for industry by the way, who also are suffering very clearly from this and the way in which the metals industry and some of our high carbon industries are really going to have difficulty over the autumn. and the winter has already been very clearly expressed. so we do need to enable the possibility for our industries to have some security in terms of long term prices. we need to give that same sense of security to the investment community and in particular, to start to put in place that transition plan towards renewables. a lot of that is pricing. i fully agree in terms of a carbon price. we should have a much higher carbon price. we also need to start addressing again the elephant in the room and go back to looking at carbon taxation rather than just thinking that
3:58 am
the emissions trading scheme is going to help us and truly create the transition that we need. our thank old august sondra and dixon declared cloud moffatt and marriage oguchi. and i want to thank you as well for watching. now you can see the program again, any time by visiting a websites out there a don't come out for further discussion, go to a facebook page at facebook dot com, forward slash ha inside story. and you can also join the conversation on twitter. handle is at ha, inside story from me. am ron cohen, the whole team head i for now? ah, ah
3:59 am
ambitious endeavors to create drought proof. amazing to think that the plan be so earlier that now look completely alive and international efforts to combat the past slip threatening. so they bring in their hands. they show you the infected copy, just like a doctor. write your prescription. you're doing the same thing here. you're writing a prescription for the farmer offline, explores inspiring advances to move farming for the future. al jazeera, the latest news as it breaks. we've been speaking to the families in this about 5000 people living in this block of government class. we've been displaced from their homes by the flux, they come from all over same province with detailed coverage. elder zeros, legal teeth plans to submit a case with the international criminal court at the hey, from around the world. that there is here in this country. a culture of fear with really corruption from in
4:00 am
prison, dissidence to inspiration from founding the independent states to fiercely defending his people from ethnic cleansing. in the conclusion of a to blog documentary seems a jesse a world expose the rise to power of the 1st year of an independent bosnia herzegovina. is a beggar, rich from prisoner to president on a jazz, eda, bold and i'm at home stories and asia and the pacific. i'm out jazz ah, until mccrae and doha, the top stories on al jazeera.
26 Views
Uploaded by TV Archive on