to become the 1st polish player to win the us open. but what does this mean to you mean to poland ah, well i don't know. i going to come back home and i like any with horner thing. the road for me. i really i didn't make it easy for me, but she she deserves to in today. i don't like her very much right now, but it's okay. ah, it's we on 62nd grand slam title of the year iga confirming her status. she's just the world's best female player host and the richardson algae zeroes that she has one. ah.

so again, i'm fully back table with the headlines on al jazeera, ukrainian forces are regaining territory last to the russians in the northeast region of khaki. and while operations at the russian health operation, nuclear power plant, europe's largest have been fully stop todd abdul. hamid has more from disney pro in central ukraine. they have managed to make alter significance breakthroughs in the a russian defense lies taking, for example, are the towns of issue and group. yes. now those styles were extremely important for the russians because there sort of a hub, railways and highways and rushes were using dose down really to re supply. and i'm sort of a logistical hub for their operation in the don't bust reaches in the coming hours . queen elizabeth coffin will begin the 1st stage of its journey towards her funeral in london. on september the 19th hers will carry the coffin on a 6 hour drive from bar moral to the palace of holy road house in scottish capital,

edinburgh, king charles the 3rd has been proclaimed, renew, sovereign of the united kingdom. 2 days after the death of his mother, the ancient ceremony held at saint james's palace was broadcast, live on television for the 1st time. in other news voting is underway in sweden's general election. opinion polls suggests if a close race between the current left wing government and an unprecedented alliance between the right and the far right, rising crime and a surgeon, immigration are among the main issues, the war and ukraine and the energy crisis that's followed are also key factors in the elections in back is san thousands of supporters of former prime minister iran con, have attended a rally in guzman walla has been charged with criminal contempt and terrorism for threatening a judge and police officers involved in the arrest of one of his aides. and the un secretary general has completed

a 2 day visit to pakistan to survey the damage caused by the worse floods. in decades, antonia gutierrez described the devastation as climate carnage, and said the rest of the world should step up to help. nearly 1400 people have died and around 2000000 homes and businesses have been destroyed. those are the headlines on al jazeera. i'll be back with more news right after inside story to say with us. ah, which is 0. which is a huge raining in soaring energy prices. european countries are facing an unprecedented gas shortage . leaders have contingency plans, but all they enough to get through the winter and will the e put in place a long term energy strategy? this isn't festival

ah 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 u 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 your fries 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

charles michelle has tried to reassure members. he says we need to remain calm, we must not. busy 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 to day 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

already the most expensive month 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, i guess. san dream dixon. declare is an energy climate researcher and co author of for all 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

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 may be 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 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 mechanism, especially when he don't control wholesale prices. i don't think price mechanism should be used to the welfare money is there,

some governments 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 were you if i, because we are you wednesday i yesterday i in whatever method in the day is very, create the response, right? and in this regard, i don't see that there's much hope we are talking about the solution, you know, 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

eat in their hands right now. they are providing only one person of the yoga as opposed to 40 percent before the iraq. and now if you have a price f $1.00 rushing does, it will hopefully be why nothing will be there and you is not to it or this lot. so i think it's very important to see the big picture. and i think that you leaders are seeing the big picture of course, medium term. we can build a need european and are just why architecture, renewables, to divers asian rule, just savings and i get your name. but after you, i will industry a new pipeline coming. but i can be key challenge to keep you repeat household and in the us be happy and not to lose the competitor in the world market is to pick the most important challenge. value is the market because it

$1200000.00 is not injected into our generators. and also i think we have a different level brothers in and i can be very slow. so i think they have to act very, very quickly. rather than dealing the degree as well as bringing san drain has hundreds and energy climate resources, surely august the thing we need a quick fix solution. but surely quick fix solutions of what has got us into this problem. in the 1st place, we need a longer term solution on energy reliance from one large provider like russia, but needs to change. surely, 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 leverage. however, can not actually make us back track on our long term objectives, as was just said,

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 kootenai. 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

a european market that truly does foster much more capital for renewables, build that infrastructure as fast as possible. and in the meantime, 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, 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,

functionality of the markets that we show very clearly in our book or for all their 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 measurement and as may refers to what your reactions about. well, i also think gluck is because this crisis my present as well. we all be working 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 solve it in the next month and 23 years might be

perhaps pushing out. we're to create your transformation because we have not and the commission and most of european union agreed that they will stick to the green deal when we change goal. and they will know still to greener bills and they don't want to commit to gonna go beyond the next 2 years because this will take up to 3 years. and therefore, perhaps this might be present because they're going to be 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 global in this direction . over the past few years, we thought that a month 3 or the investments are moving to renewables. but now don't forget, we feel 83 percent process built in our global and actually be

and you cannot move from the greenery very quickly. so it's not transfusion. i think we have this process, the reason why some of the destruction about taking place. and our issue is whether or not my brother type of collection of energy companies, they can be awarded and how this companies will be transport. let me think when i went ahead on this as well, the example of lehman brothers we just mentioned, you seen, we sorry if you just a 2nd. our last question might actually focus things lightly. we've had the example of lehman brothers here. now bulb in 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 sort of, we were in danger here. confusion short and long term issues. just like to

reiterate what the las vegas said about gas, 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 both 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 long term considering on the short term europe has 2 problems. one is to mitigate the impact 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 somehow. 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

a crisis. the whole intervening the markets to pay the wholesale prices. all retail price is grossly expensive and they effectively underpin supplies is money to people. you don't who don't really needed supplies, get basically get the financing. henry goes on the been and the consumer is left with possibly a higher price burden than they are necessary do. and is also potentially a problem and she is going to very mind that the current supply cos break even for l n g and no c, gas is less than half the full retail price for wholesale gas. now, i'm going to economists and i've been around many well that you sent you 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 de,

the 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 there's crash as well. there's a danger 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 pay wholesale gas is if you run short of gas say, and then you have to huge, you huge him back 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 liquidity in both the gas, the electricity market. i mean, not a long term issue that

a lot of streak is mentioned about investment in renewables right now. there is a way what we need to have here is a farm here and what we don't have it here and approach from russell 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 wanna 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

dynamic modeling, which is featured in earth 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 going to have social tipping points before we even have environmental tipping points. if you look at the compound effect between cov, it clearly and, and 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

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, but there will be some suffering and there already is by our citizens. me to make,

i want to, i want to bring it in is where there's a crisis, ma'am. it says august in brussels, something needs to be done. is that something making nice with ludovic to, to well, i mean look at the laughing at not dealing with right because he was the or, and i would be more with him to be the one on the buddy. as we know, each member company has the own interest and need pro depend a 5 percent on nuclear kind of person on either just wanted it to remain respect. whereas germany, which is the normal or the next, or need more energy and cheap. and i'm going to just find an agreement with a price point 8000000 cubic meters of why is serbia and repeating rushing dust. so i think there's going to be

a huge crash that's only how to support the most valuable in society. but within the european union, i think there's a big so it's not even quick and just say as well, dealing with a we and why get european union even the poor l n g, you know, they have and then g receiving terminal and they come with you more god and target pipe, my pipeline way of germany from is rejected. and then 3 until the perhaps, you know, joe, you know, living i mean, under the missouri and on the also ship. it is not a big long time that we expand. also kind of bringing the b, john, what will happen iran, on the other hand, when i talked to visual being germany recently, they told me that we don't need 2 years from now. there is got to buy. now if we don't buy long term contract, nobody is invested in them, then you got so this means the restructuring of running out. we're sorry, man,

we are running out of time. and i do want to come tomorrow because i want to bring up the 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 then maybe the time has come. so i did raise the issue. when i advise you directive in brussels in 2000 and bought that issue, may me need to set up an independent energy advisor energy group. you're like outside of government to pay for long term planning decisions that been referred to about d companies, asian. just like to mention the point that the market became voted,

locked into the game broken in europe. once governments decided to bomb the job and i station generation little column generation onto the medical of the system actively without taking full account to the individual. seeing the costs associated with that, what he did was marginalize gaskin or ation. so in a situation, one of the crisis, the 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 book price. otherwise they cease to produce and that was a big exacerbate turn, the lights out. so no politicians on alaska and out when they're in charge and certainly not the new prime minister. so we're situation where we have to totally

agree about the need to play guidelines decimal signals for long term investment in low comp and generation. but we are away from the i strongly in 2005 in russia, brussels to actually not have a emissions trading scheme, but to have a single long term trajectory for bob. let me bring in 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 idea? do you think i completely agree and, 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

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

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 memory. it's oguchi and i want to thank you as well for watching. now you can see the program again any time by visiting a website 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 his at ha, inside story from me. am ron cohen and the whole team head i for now. ah, this was a moment the likes of which we've never seen. this is important. this is historic from breaking down the headlines to exposing the powers attempting to silence reporting. we're seeing your freedom with being threatened and attacked is basically criminalizing journalism. the listening post doesn't cover the news. it

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