tv Counting the Cost Al Jazeera November 17, 2022 2:30am-3:01am AST
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i think the volunteering is the outlet for me to release my stress. come out and server to the community or where i have been living here for few years. the fif of world cup cut our 2022 volunteer program was launched in march of this year. am proud to say that they are the main pillars of any success. any amiga event will be delivered and cut out today. they come and they want to work for projects for events in addition to that, on other responsibilities, just for the sake of the passion and the love of the game cuts are, has received a record number of volunteer applications of any fee for world cup over 400000, in fact, and 20000 of those have been selected in this region, mostly coming from right here. one of the most cosmopolitan host countries in the world. as the flags of the team that have qualified, decorate every street corner across the country. the volunteers who have been
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selected will be working hard to make sure the fans come here will have a positive and memorable experience fully. nguyen al jazeera. ah, hello there. this is al jazeera and these are the headlines. nato and poland have dismissed ukraine's accusations and russia carried out a missile strike on a polish village. they say the rocket that killed 2 people was likely fired by ukraine's air defense miss al system. the strike overshadowed a un security council meeting on the humanitarian situation in ukraine. kristen through amy has more now from the un western countries and nato online countries in particular use the opportunity to call out russia and blame russia for specifically the death of the 2 people in paul. and they said that regardless
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of who fired the missile, it wouldn't have been fired if russia had not invaded ukraine in the 1st place. the military and democratic republic of congo continues to lose ground to the n 23 onto group. the fighters are widely understood to be backed by ro, wanda, a charge that could golly denies. peace talks are scheduled for monday. with ortiz and dominican republic are sending thousands of haitian refugees back to their country. the un has warned they face violence and human rights violations, back home, gang warfare and political turmoil her field, and exodus and recent months. at least 5 people have been killed in a run by unknown gunman at a bazaar in the southwestern city of easy 6 others were also wounded in the attack . state buildings have also been set on fire. it comes amid ongoing and widespread protests and the closest on province where that shooting took place. the u. s. says iran is likely behind an attack on a liberian flagged oil tanker. it was struck by an armed drone off the coast of
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oman. no group has yet admitted responsibility. the us justice department will proceed with the criminal probes against donald trump. despite his bid to run for president again in 2024, he is being investigated for his efforts to overturn the 2020 election results and keeping classified government documents at his estate. well, those are the headlines. i'll be back with more news after counting the cost to stay with us. spiraling costs dwindling supplies. the shock is being felt around the world with the war in ukraine, triggering gas supply uncertainty. europeans are bracing themselves for an unprecedented winter. out. you see a report on the human costs of the winter energy crisis. i
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had a lot of money in sight. 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 is on the pressure to come back on business with beijing. but is this country too dependent on the chinese market? also this week leaches should pay compensation for the damage caused by climate change. that is the message from developing nations and the comp 27 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 gayana is balancing an oil boom and its threat to the environment. ah, the ukraine war, expose 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
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chancellor has another problem, members of his government. the opposition and western allies are worried about the countries economic dependence on china or la sholtes 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 and antwerp chinese state company cosco has bought a stake in europe. the 3rd largest port hamburg the chinese investment in one of the 4 container terminals were 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 tensile all of shorts,
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who used to be met and pushes his own interest in not only shows his correlation partners who have warned against the deal this concern outside germany to people in brussels, but also in paris. and a lot of other european member state capitals like there is, there is 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 trainer for showed how to come to the matter of fear that mistakes made will be made again. but so far the business in fact veiled,
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hamburg see it. it would lose competitiveness against other european ports without cost goes investment the port was already struggling to attract enough business. sometimes discussions are a bit exaggerated because there is a concern and, and it's an understandable concern. what has happened in the ukraine. we take the concerns serious. they are minor from all perspectives instead of what we can win as a society and of course as an economy like the german ones, but the whole europe as well. but other european nations have accused germany of putting their own interests 1st, when it comes to china. step fos and al jazeera hamburg. 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 reach 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
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china in 2021. the chemical company b s f is expected to invest almost $10000000000.00 in its new plant and south china . by the end of this decade and china made up 40 percent of box wagons. well, why deliveries in the 1st 3 quarters of this year. and so was that top market for other automakers like daimler and mercedes. now to discuss all that time joined from london by close vis the sun. he's 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 capital flow. so china plays a big role. minutes,
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not the biggest role chairman, germany trades more with its neighbors in europe, the u. s. and the u. k. if you look at it, sort of in total trade, i think, but still china is a big part and, and therefore sort of this political tension which is also now along that a west china axis is sort of is a challenge for your job. but it's just, it's germany dependent on china asked that because while china tops the rankings of germany's trading partners, we also have the united states, france, paul, and other european countries, all representing between 5 and 8 percent of germany's total trade. so it does appear, they are actually quite diversified when it comes to trade while they are, i mean, i any would be now 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, it is 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,
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a rupture not relationship would be an economically damage, but no journey is not dependent on china in that sense. so how damaging would it be? well, i think is that there's, let's go an economic aspect here. i think that it, as far as it's the ask that question depends on how quickly right, or the severance of the economic relationship with russia. for example, the concert war happened overnight or is happening very quickly. it seems like in this case of china, think that's going to be a little bit more slow moving in terms of sort of what the economic relationship between europe in the west and china is going to look over time. so, so far it's not something that's really i think that's sort of an i'm acute. so economic hit if you will. but again, depends on how quickly it happened. why is the chancellor sholpes 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,
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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, we're in, in, in an ex, especially 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 trying to think. 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 push out the status quo or not backtrack too much. the, your question is interesting, isn't it? because i guess you could, wanda, 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
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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 so 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. ringback examples of this, especially if you know, the classic example 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 they weren't allowed to do that, even though probably the years before, you know, that wasn't 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,
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invest in china, do they tend to be certain ones in particular like the car manufacturers or is it a range of company? a range of companies, i would say that a big part of german manufacturing has some kind of relationship with china. this one, either they sell into the factory, china, or the import important and manufacturing inputs from china. right. and as i said before, is part is 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. so 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 that with the turn in chinese politics. and so the an economics and sort of post cove, it seems like she is galvanizing his power and china becoming
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a little bit more centralized. and of course a serial cobit, i mean there's no end to recover it because you're always going to have a case somewhere. and obviously has probably forced some companies, or at least some companies must be thinking about revisiting their economic relationship of china, or at least as far as further investments are concerned. you also have a real estate bubble that is now bursting 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 picture changing market in that sense. 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 fit in an actual conflict with trying to china. now an adversary both economically and even military. perhaps that's just not from,
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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 european ally, this 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 part. but 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 vistas and chief your zone economist pompeiian micro economics. thank you for your time. ah, from devastating floods in pakistan to drown with crops in east africa cult $27.00, summit follows a year of extreme weather patterns. these disasters the estimated to cost the developing world more than half a trillion dollars in damages annually by 2030. and poor countries have been urging
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big polluters to pay compensation for the losses and damages that were worried. he suffered as a result of the extreme weather. now until now, climate financing has only focused on lowering carbon dioxide emissions and helping communities adapt. but this year for the 1st time loss and damage compensation is top of the cop $27.00 agenda. and he 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 one crane and the cost of living and energy crisis, guessing governments from developed nations to agree to these measures is going to be difficult. joining us from london is kathrina helen brown vaughn's anais, and she's the heads of corporate research and had a clean tacket carbon tracker. thank you for joining us. kathrina who's to blame
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for some of the climate change linked extreme weather events. we've seen this year in parts of the developing world. and it's, it's very hard to say there is a we know that, that 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. i thought that allows us a half way, but mitigate the was damage i achieving the $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 recreation in damages that are going to be discuss this time route . given that target was not met. how optimistic are you that this whole idea, lawson damage will be successful?
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i think it's a very difficult discussion, particularly in the current context, what you offer, assessment and recessionary, economic environments, and many regions. it will be complicated. however, what 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, what you needed a lot of complexities around, but you just mentioned some of them. i think it is an area where we think more about knowledge sharing. we think about various areas of financial support where they, the global norm clearly has an ability to do that. well,
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that can be fabulous shapes of what you do not see that sort of legal risk and well, financial and technology and other support can happen. okay, 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, can you mobilize private capital to come in and support projects on a larger scale?
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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 strategies and in more places than not others, i actually just thought their strategies changed to 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 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
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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 and maybe 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 terrace, 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
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climate change? but it definitely was a very strong statement. and if we look at why current pathway, sleet, we can wait. 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 if we focus his attention on to achieving the paris target kathrina, 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 today one of industries big players, a 3rd of all new oil, fines in the well, the made off it's coast how 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 well moved away to ads,
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green energy harvesting the potential riches could prove a challenge. john hendern traveled 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 god. it's not oil. 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, or every revenue will help us to get their faster guy on his sprawling stop rec, oilfield holds an estimated 11000000000 barrels of crude enough to turn one of
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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 diana, critics in the opposition party warn of the so called resource curse that struck other oil rich nations. it were 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 this 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 boom.
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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 comes to 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 little like you're in a race against time here? yes. is serious again, same with bus. we've done responsibly though in a sustainable way. but we intend to accelerate or to production. speeding up production might help this generation prosper. won't creating a base for the next john henderson, al jazeera, georgetown, 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.
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but so it to say as much as 3 quarters of that by a diversity was lost during the 20th century. alexander, i'm petty visits, a high tech facility in columbia that distributes crucial scenes to vulnerable farmers around the world. the goonies have yet hetty, the inspect each leaf, dis, lab grown bean plant. yes. spent the last 4 years studying and nurturing it to save the species from extinction land. 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 and these wild spaces held the key to resilience. james can offer a solution to water deficits and pest and disease, the seeds of dis, 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
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an animal feed. plants called future seed in the banks, laboratories, researchers prepare each feed for story to research, selecting the optimal ones in discarding any that are damaged, others work and dna extraction and gene sequencing, to decipher and translate to the plants. genetic code, global not experts say it's vital to breathe more resilient cropped varieties at a time when food supplies are increasingly bollinger will to extreme weather, deforestation, and 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 to roads, to, to kind of human 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
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last century. the bank hopes to reverse that trend. if air type packages store bought and 60000 samples of beans and 4 inches and they're kept hearing the huge fridge at minus 20 degrees celsius, scientists call it an insurance for the future. here we hold the seats that belongs to genetic resources, home to the country. so for region, we can keep them, we can 7, maintain them alive and available also to the property. if i put, put active solutions to challenges that we cannot imagine at the moment already, solutions for today's side of your culture, but also for the future. thanks to the lesions, 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, alexandra,
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ph. d and jose zepada, alameda columbia. and that is our show for this way. get in touch with us by tweeting me at marlene side and do use the hashtag a j ctc. when you do or drop us an email counting the colstat out, is there a dot net east ah address. but as movie online al jazeera dot com slash ctc check out our website about take you straight to our page, which has lots of individual reports, links an entire episode for you to catch up on that day for this edition of counting the cost i money and said from the whole team. thanks for joining us, denise. on al jazeera. ah ah.
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under covered reporting as worse with exclusive stories, explosive results, al jazeera investigations. passionate about this sport and determined to succeed against the arts. you want to fight it. keep on training despite obstacles. algae, as they were well tells the inspiring story of a group of somali women in pursuit of their dream, of playing football for that country. despite its culture and traditions happen, we are in the somali society and it's difficult for people to accept somali footballs, golden guns on al jazeera. ah, for us says russia.
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