[000:00:00;00] a week away, a relative to friends, family members bother preparing for this big day for this item is the top of your ticket for 4 years. a go to look to support our national team. so this is historical. we are just banned with all fans and friends of our national team. we are here ready to support them in syndrome got out of 2022, which is an extension of the embassy as part of the jealous brother g. developed defined by the government with one of the reasons why this group is white is the gathered here, adequate part cultural. there were just because of this neuro was created by a mexican artist precisely to market to celebrate the upcoming world cup. it has images, i chronic images of both mexico and guitar as

a show of unity and excitement for the sport and the world which will of course, for the 1st time he celebrated here in the middle of a time for a picture of a headline on al jazeera democrats in the united states will hang on to control the summit. after a midterm election, victory in nevada. catherine quarter's master defeated. our republican opponent adam lock sold was endorsed by donald trump. to fight for nevada in these mid term elections. it's normally the party not in power at that makes major gains. in fact, as this particular mid term election, joe biden has done better in terms of retaining seats and winning some then any previous democratic 1st term precedent for close to a century. so it's a massive achievement to pull the bite and administration within the republican

party. the debate is centering on the over eyes influence of donald trump. in terms of these mid term elections, many of the candidates were hand picked by trump over the heads of the republican party itself. ukrainians are celebrating in the southern city of hair, saw not to the retreat of russian forces. it's one of the most significant victories for ukrainian troops since russia invaded resident blood of mans zalinski has hailed it as an historic day. ethiopia, government and rebel forces have come to an agreement to facilitate humanitarian access to water, to dry and other regions. in the north. the pledge was signed in the kenyan capital . i wrote the i classified us intelligence report is said to expose efforts by the united arab emirates to manipulate the american political system. 3 people who read the report told the washington post. it outlines emerald to attempt to steer u. s. foreign policy by both legal and illegal means. cannon troops deployed as

part of an east african regional force have arrived in the eastern democratic republic of congo. soldiers will provide assistance to companies forces battling g m $23.00 rebel group and petrol stations every opened in haiti for the 1st time in 2 months after the powerful g. 9 gang lifted a fuel blockade. country was brought to a standstill when the group led by a former police officer to control the key fuel terminal. in september, the move aim to oust haitian prime minister. i will all read after he announced arise in fuel prices. well, those were the headlines that he's continues here now to 0. after counting the cost statement that's watching batter spiraling costs. dwindling supplies. the shock is being felt around the world with the war in ukraine triggering just deploy uncertainty. europeans of bracing themselves for an unprecedented winter out. you see

a report on the human ghosts of the windsor energy crisis. i why money inside this is counting the coastal now de zera, your weekly look at the world of business and economics. this week, almost half of all european investments in china come from germany. the chancellor ease on the prussia to cut back on business with beijing. but is this country too dependent on the chinese market? also this week, police is, should pay compensation for the damage caused by climate change. that is the message from developing nations. at the comp $27.00 climate summit bots will rich nations for the bell. while the world moves away from fossil fuels to save the planet, the tiny nation of guyana is balancing an oil boom. and it's threat to the environment

. ah. the ukraine war exposed the risk of germany's decades long reliance on russian gas. it's been scrambling ever since to reduce that dependency. now it appears the german chancellor has another problem, members of his government. the opposition and western allies are worried about the countries economic dependence on china. all our shots recently went on a controversial visit to beijing, often even more controversial sale of its hamburg port terminal to a chinese company. steadfast and reports from hum beg after rotterdam an android for chinese state company. costco has bought a steak in europe. 3rd largest port hamburg the chinese investment in one of the 4 container terminals was scaled down from 35 to 24.9 percent off. the chancellor, all of sholtes came on the fire over the deal,

but many in germany are still unhappy. i know i'd say about reform, the one hand they want to become independent from russia and on the other. they're given away something so important. i think that this has been a favorite project of chancellor all of shorts, who used to be met and pushes his own interest. it's not only shows his correlation partners who have warned against the deal. there's concern outside germany to people in brussels, but also in paris. and a lot of other european members state capitols like there is, there's a lot of frustration and outrage of like, wait, what's germany doing like, why are they going forward this? i thought we were supposed to be decreasing our dependencies when we're talking about critical infrastructure. and we're talking about the nature of china's political and economic system and the nature of a company like costco. i think we should be a bit more cautious, especially now in a post russian invasion of ukraine world. the fact that china doesn't allow similar investments in its own ports has also been an argument against the deal for some nervousness about the chinese think. here germany,

logical traina for the show company. the fear that mistakes may will be made again, but so far the business in fact, veiled hamburg fee, it would lose competitiveness against other european ports without cost goes. investment to port was already struggling to attract enough business. sometimes discussions are a bit exaggerated because there is a concern and it's an understandable concern. what has happened in the ukraine? we take the concerns serious. they are minor from our perspective instead of what we can win as a society. and of course, as an economy like determine wants but the whole europe as well. but other european nations have accused germany of putting their own interests for us when it comes to china. steadfast and al jazeera hamper. let's take

a closer look at the numbers. china is germany's biggest trading partner and the value of imported an export at goods where it's more than 242000000000 dollars last year. that is, up by 15 percent from 2020 or than 12 percent of germany's total imports came from china in 2021. the chemical company b s f is expected to invest almost $10000000000.00 in its new plant in south china . by the end of this decade and china made up 40 percent of volkswagens. well, why deliveries in the 1st 3 quarters of this year. and so was the top market for other or to make as like, daimler and mercedes. now to discuss over that time joined from london by klaus vc, the son he is the chief eurozone economist at pantheon micro economics. thank you for joining the program, sir. how important is china to germany's economy? well, i mean is an important part is important, part of germany is economy and it's important part of the european economy. and i

think the most important thing to mention here is that it's a child has become more important over time. europe has become more integrated with china with especially manufacturing goods, but also in overall council slow. so china plays a big role minutes, not the biggest role german germany trades more with its neighbors in europe, the u. s. u k. if you look at, it's sort of in total trade, i think, but still china is a big part and, and therefore on sort of this duplicate tensions, which is also now along that a west china axis is sort of, it's a challenge for your but is child is germany dependent on china almost that because while china tops the rankings of germany trading partners, we also have the united states, france, poland, other european countries, all representing between 5 and 8 percent of germany's total trade. so it does appear. they are quite diversified when it comes to trade, while they are, i'm and i, and it would be now would be wrong to say that germany is dependent on china in any

way. because of all the stuff that germany trade with china, especially on the input side that it's possible they will be able to get that from somewhere else at least over time. but that doesn't mean of course that you know a rupture and that relationship wouldn't be economically damaged. but no damage is not dependent on china, investor. so how damaging would it be? well, i think that there's an economic aspect here. i think that as far as the question depends on how quickly, right the, the severance of the economic relationship with russia, for example, the contact the war happened overnight or it's happening very quickly. it seems like in this case with china, it's something that's going to be a little bit more slow moving in terms of sort of what the economic relationship between europe and indeed the west and china. it's going to look over time. so, so far it's not something that's really i think that's sort of an acute. so economic hit if you will. but again, depends on how quickly it happened. why is the chancellor sholtes going against the

rest of his coalition partners to continue this love affair with china? given the obvious risks we've been talking about why i think, i don't know whether germany has a specific love affair with china, germany, to trading nation, to trade with, with, with other countries. right. i think that's what's happened over the last couple years is that it's the us that's moved, right. i mean, the us itself has, as a strong relationship, economic relationship with china over time. and suddenly now it's selling the idea that you know where in, in, in an existential conflict with china, of course, it might, that might not be in your interests at this point in time. of course, europe is part of that western axis, if you will. so europe will have to go along with that in a way, so i think, you know, you're stuck with a little bit in the middle here in terms of tracking. she may be avoid tension but, but that increase too much, but so in a way i would call it a love affair. it's just, you know, an attempt to sort of preserve the status quo or not backtrack too much. the, your question is interesting, isn't it?

because i guess you could wonder, how does germany's economic ties with china affect the rest of europe? i mean, why so much concern from europe? about sholtes is recent business trip to china. while the concern is obviously that if you do, if you make it kind of like integration with china increases at this time where the political relationship has changed. and of course there could be a few political risk element to this, right. for example, there's been a lot of talk about allowing china to invest in german hop on hamburg, and that could be sort of maybe 34 years ago. that's not a problem. but now with this, with the politics change, suddenly you know, that could be a, a challenge. we've seen other examples of this, especially, you know, the classic example was a little further back was there was always 5 g infrastructure investments in europe where some of the a lot of countries decided that while we weren't allowed to do that, even though probably the years before you know, that was controversial, so i think it's, it's,

it's elements like that where suddenly economic projects and relationships that were on controversial suddenly being seen in a different light. and therefore, you know, it becomes controversial when we, when we talk about the german companies that are exposed to china know, invest in china, do they tend to be certain ones in particular like the car manufacturers or is it a range of company? i so ranger companies, i would say that a big part of german manufacturing has some kind of relationship to china. this one, either they sell in to try to factor in china or the import important and manufacturing inputs from china. right. and as i said before, it's depending on, on sort of where you are in that value chain and how big your relationship with china, you know, you might be able to, to, to, will increase yourself from that and go somewhere else that was difficult to know. so before we see how quickly this moves, we can forget the china itself has had its own economic problems. it's had it's very restrictive coded strategies. i thought for some german companies to adapt to

diversify away from china as possible. i think that a lot of western companies have been quite surprised with the, with the turn in chinese politics. and so the, an economics and sort of post cove, it seems like she is galvanizing his power in china becoming a little bit more centralized. and of course the serial cobit, i mean there's no end to recover it because you're always going to have a case somewhere. and that obviously has probably forced some companies, or at least some companies must be thinking about revisiting their economic relationship with china at least as far as further investments are concerned. you also have a real estate bubble that is now 1st thing in china. and so that also plays into yeah, i think they have, but of course john is still a big market, but still it's a, it's a, it's a changing market in that sense, for sure. given the uncertainties facing europe and germany, specifically with energy and energy prices and recession and so on, can germany, ford, keep to keep its distance from china? i mean, i would say over time, you can afford anything you can strike but,

but in general, this idea that the west is now in a, in, and i sit in an extra special, comfortable trying to china now an adversary both economically and even militarily, perhaps that's just not from, from your perspective at this point in time, just, just not a very good story. europe is not very well. so with that, and i said it's obviously knowing full well the years. and ally was usa, that's the road we're going down. you know, europe only has one side here and there's no sense in the end. but i think what we're seeing in germany is, is a reflection of this fact that at this point, that's just not a, a, in, in your interest, you're still has an interest in having some kind of relationship with china. even as china has changed something different. i think that's what that's that, that's what we're seeing really interesting to talk to your class vista says chief, your zone economist, appointee and micro economics. thank you for your time. thank you. ah. from devastating floods in pakistan to drown with an crops in east africa cult 27. summit follows

a year of extreme weather patterns. these disasters the estimated to close the developing world more than half a trillion dollars in damages annually by 2030. and pull countries have been urging big polluters to pay compensation for the losses and damages that were already suffered as a result of the extreme weather. now until now, climate financing is only focused on lowering carbon dioxide emissions and helping communities adapt. but this year for the 1st time, loss and damage compensation is talk of the cop $27.00 agenda. and the report says, developing nations need one trillion dollars a year in climate finance. but rich countries have so far failed to even deliver on an earlier pledge to raise a $100000000000.00 a year by 2020 to support developing nations in reducing emissions and adapting to climate change. and now of course, with the ongoing when you crane and the cost of living and energy crisis, guessing governments from develop nations to agree to these measures is going to be

difficult. joining us from london is kathrina helen brown, vons an a, an she's the heads of corporate research and had a clean tech at cobb and track it. thank you for joining us. kathrina who's to blame for some of the climate change linked extreme weather events. we've seen this year in parts of the developing world. it's very hard to say there is a blame and we know that they're happening. we know what the cause of climate change are. they are clearly human. it's now the question of how do we come to a climate outcome and particularly now that the process is on a thought that allows us a half way but mitigates the was damage. i achieving a $1.00 degrees scenario back in 2009 rich countries pledge this $100000000000.00 a year in climate financing to help poor countries adapt to climate change. that

was a voluntary system for adaptation and mitigation, rather than the reparation and damages that are going to be discuss this time route, given that target was not met. how optimistic are you that this whole idea of lawson damage will be successful? i think it's a very difficult discussion, particularly in the current context, what you offer assessment recessionary, economic environments, in many regions. it will be complicated. however cleverly, we need to think about financing mechanisms. we need to think about knowledge transfer mechanism, technology support mechanisms and access to finance for developing nations. the whole idea of reparation. reparations is usually contentious, isn't it? i mean, on developing countries concerned that providing funding could be construed as an admission of legal liability. and then end up triggering claims on a, on a major scale. but really that

a lot of complexities around that. you just mentioned some of them. i think it is an area where we think more about knowledge sharing. if we think about various areas of financial support, one of the global knowles clearly has an ability to do that, or that can be various shapes of forms. or you do not see that sort of legal risk and aware financial and technology and other support can happen. ok, so let's talk about the fund itself. i mean, how, how do you go about setting up a fund like that? i mean, lots of details to get members to agree on where the money is coming from, how to raise the money, how, how which countries or does ask does qualify for the compensation. i mean how, how do you put something like that together? well, it obviously requires a lot of coordination it internationally. it also requires finance for it require at the end of the day, what you're looking at all of these things you need to to look at private capital

supporting projects. a funding is a big fund, is one thing, but it also then comes in to you mobilize private capital to come in and support projects on a larger scale. and that was one of the challenges we're meeting as well. is that already happening to a certain extent? we think it is, there is not enough back job to actually activate and spark private capital into the entire energy transition sector. you need clear policies. you need support for projects in the visibility and clear government guidelines and start to and in more places than not others. i actually just thought their strategies changed too quickly. visibility isn't there. and then when you half that though, you can then mobilize capital and you can enable clean capital to drive forward the

market and kick off a bunch of spiral. when you're talking about private capital, are you talking about loans? because they are grants to countries at the moment, but that is in the form of loans which have to be paid back at some point. and poor countries struggle to do that. what it is all about. it is the mixture, finance, finance of a so many rich different structures for possibilities. it, it'll, it's a diverse package, what you need. and then it also comes in creating longevity of revenues and business model. lot enable financing. and that enable potential that service that may be combinations of these things, especially in the early stages. and probably in early stages, you're looking more at grants later on. you're looking at more loans later on. yet you're looking at combinations of other instances. well, we had some very stark words from antonio, tennessee, the head of the un,

at the opening of called 26. and i quote here we are on a highway to climate hell with our foot still on the accelerator. what did that statement make you think? and do you think it's going to motivate and put the world's attention back on climate change? but it definitely was a very strong statement. and if we look at our current pathway, sleet, we can see a way we know why he is saying that. clearly we need to be focused on what the actual temperature outcome. so it's been clearly a thought is not in line with the paras target at the moment. so, so we would hope that this we focus his attention on to achieving the powers target . katerina helen brought von deny and head of corporate research and had a clean ticket. carbon tracker, thank you so much for joining us. thank you. often it's 1st discovery of oil in

2015. diana is to day one of industries. big players, a 3rd of all new oil, fines in the world and made off its coast. now such a resource could transform the fortunes of the country where 40 percent of the population and just over $5.00 a day. but as a weld moved away to ads, green energy harvesting the potential riches could prove a challenge. john hendern travel to the capital, georgetown to interview the nations president. it fun ali the temporary waters off the guy on a coast cover. some of the world's largest preserves of crude oil, but it's not the oil president here fun. oh he is interested in. it's what he can do with the story about it is not all and yes, we are a country that is rich in history. we are a concrete, it will be and mark, my words will be a leader and for security and our culture. and importantly,

we will be along the best eco tourism destination you can find and that oil revenue may help you get there fast. all every revenue will help us to get their faster. gayana sprawling stop brook oilfield holds and estimated 11000000000 barrels of crude enough to turn one of south america's poorest countries into one of the richest and contractor exxon mobil is discovered 2 more deposits, making that feel even bigger. it's big on an international scale, a global scale, as far as the conventional oil and gas resources being found around the world in the last 78 years. but also at a national level, this is transformative for the country for ghana. critics in the opposition party warn of the so called resource curse that struck other oil rich nations. it's where some benefit greatly while most miss out stock market has gone up in only a few years, 400 percent. but the minimum wage is only gone up to 6 percent in the same time period. and so you see those huge escalation in terms of inequality. some 40

percent of guy and he's live in poverty earning below 5 and a half dollars a day. according to the world bank, the influx of oil money has raised rents along with a height of buildings in the capital of georgetown center of the petroleum boone. the infrastructure here in georgetown has been growing by the day and for good reason. since i was discovered here in 20151 3rd of all the new oil found in the world has been off. the guy on a comes only a decade ago. georgetown to demo our river was a sleepy port. to day, it's a hive of activity is oil service vessels shuffled back and forth to wash your rigs . the world is trying to move away from oil. do you feel it all like you're in a race against time? here, yes, it's a race again, same with bus, non response lee though in a sustainable way, but we intend to accelerate the production. speeding up production might help this

generation prosper while creating a base for the next. john henderson, al jazeera george down gayana. rising demand for food and falling crop harvest could compromise our ability to feed ourselves crop. biodiversity helps farmers improve output during tough times, but so it does say as much as 3 quarters of that biodiversity was lost during the 20th century. alexander and patsy visits a high tech facility in columbia that distributes crucial scenes to vulnerable farmers around the world. a good, nice, heavy, heavy, the inspect each leaf at this lab ground being claimed here spent the last 4 years studying and nurturing it to save the species from extinction as an apple. and it's a wild variety from costa rica that's at risk of extinction. this is probably the only remaining specimen in existence. we are regenerating it simulating its environment in these wild spaces held the key to resilience. james can offer

a solution to water deficits and pest and disease. the seeds of this and tens of thousands of other native plants are collected here on the outskirts of columbia. 3rd city cali for the world's largest tropical seed bank for beans cas of an animal feed plants called future seed. in the banks. labord stories researchers prepare each feed for story to research, selecting the optimal ones in this carding any that are damaged, others work and dna extraction and gene sequencing to decipher in translate to the plants, genetic code, global network experts say it's vital to breed more resilient cropped varieties at a time when food supplies are increasingly vulnerable to extreme weather deforestation in other human activity. so we have 2 major threats, existential one is the genetic erosion. several of these kind of diversity are

disappearing due to everybody's ation. 2 roads to to kind of fuel activity. the 2nd is climate change. the world used to cultivate more than 6000 different plans, but it's estimated that about 75 percent of crop diversity has been lost in the last century. the bank hope to reverse that trend. air type packages store bought in 60000 samples of beans and 4 inches and they're kept hearing these huge fridge at minus 20 degrees celsius. scientists call it an insurance for the future. peer, we hold the seats that belongs to genetic resources that belong to the countries of origin. we keep them, we can maintain them alive and available also to the property, but we'll just keep solutions to the challenges that we cannot imagine of the moment already. solutions for today's call,

just the don't. so for the future thanks to the nations. the seed bank is using artificial intelligence to speed up crop analysis and breathing new more resistant varieties. trying to keep pace with an increasingly deteriorating world allison and just to meet columbia. how that is are so for this way, get in touch with us by tweeting me at moline side, and the hashtag ha, ctc. when you do or thompson email counting, the calls that out. is there a dot net east our address? as movie online at al jazeera dot com slash ctc check out our website. now take you straight to our page, which has lots of individual reports, links an entire episode for you to catch up on that say for this edition of counting the cost i money in said from the whole team. thanks for joining us. the news on out is there. ah,

the climate has changed every year for millions of decades of talk, but little action is all about distraction, create confusion to create smoke and mirrors. the shocking truth about how the climate debate has been systematically refer to the oil industry. was a main bank roller or opposition o'clock to campaign against the climate. do you suggest a bad thing, more shooting and did with sure. sure, absolutely. on, on jesse ah, ah