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tv   Counting the Cost  Al Jazeera  November 26, 2022 12:30pm-1:01pm AST

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coaches pay for uniforms and equipment out of pocket. they should be training almost every day, but who does club can only afford to once a week? and unlike richer clubs or mail, actually, they don't have sponsors. this is an impressive group, but not just because they right forth in the country, their club can't afford to pay them. so they play purely for the love of again. they may be indoors and the court may be smaller than a field. but coaches say the game is close quarters, relying more on technique and creativity. so for women accustomed to using brain over broad, it is 2nd nature. players from all over the country from all walks of life, sharing a single passion, a snapshot of iraq unity investing more in women's athletics. it means investing in the countries future. in basra, all jazeera babylon,
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iraq. ah, hello again. the headlines on al jazeera, iran supreme leader has praised besieged paratroopers for dealing with for testers during demonstrations against the government. i, a tele, harmony address, the nation as it continues to face widespread protests. a violent crackdown has been widely condemned to her on accuses western countries of orchestrating the unrest. dorsey jibari has a more frontera, one of the main points he made about the ongoing protest, he calls them a few writers here. and there is that it is the responsibility of the best forces to set these people on the right path, the to make sure that what he called fake news and fabricated news is not distributed. and even if it is, it is the role of the best each forces in the country to set the people straight to
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make sure that they are not swayed by such what we call the fake news. china has registered a 3rd straight day of record numbers of cobra. 1900 cases. more than 35000 infections have been registered. that's the most than a 24 hour period. since the pandemic began, amazon employees and more than 30 countries have gone on strike. they're demanding better working conditions. the action began on black friday. it's one of the busiest shopping days of the year. at least 15 people have been killed by russians. shelling in the southern ukrainian city of her son. russia has stepped up a tax on the city which ukraine retook earlier. this one, a teenager has carried out a gun attack in 2 schools in brazil, killing at least 3 people, officials in the south eastern town, if our crews say
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a suspect has now been arrested. the prime minister of south tome and principal says the military has prevented and attempted to 4 men, including the former leader of the outgoing national assembly, try to attack army headquarters. an investigation is now underway. those are the headlines on our jazeera coming up next. it's counting the cost, thanks for watching bye bye. for now. spiraling costs. dwindling supplies. the shock is being felt around the world with the war in ukraine triggering against the blowing uncertainty. europeans of bracing themselves for an unprecedented winter al jazeera before some the human gulf of the winds, the energy crisis. ah,
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hello, i'm here robin, and this is counting the cost on al jazeera. you always look up the world of business and economics this week. a historic last and damage fund was adopted at cop 27. but little rich nations really compensate whole countries vulnerable to global warming or the just another empty promise. also, the st. britain faces the shop is full and living standards on record, but you can all make outlook is gloomy. come the government to school plan and dos . 30 meshes, east countries paying a fee for her score big with the world cut planning revenue of $7500000000.00 for the role of intellectual property in full business use. welcome to greg. i'm. it was one of the most contentious issues that the cop 27 summit wealthy nations have long refused to compensate poor countries struggling to cope with the
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effects of climate change, fearing legal liability. but after more than 3 decades diplomats from around $200.00 nations where the breakthrough and agreed to establish a loss and damage fund. the deal was a big win for vulnerable nations who bear the brunt of flooding and droughts. despite contributing far less comparatively to the carbon emissions that are causing global warming. while the fund would include contributions from developed nations and other public and private sources, like the international financial institutions. but full details of how it'll work and which countries will pay still need to be hashed out at next year's climate talks. and despite the breakthrough on climate finance, the summit failed to deliver on phasing out the use of fossil fuels. madagascar is one of the world's poorest countries that's been ravaged by drought of successive cyclones and tropical storms. the u. n. is called the country's famine, the world's 1st disaster induced by climate change. but many people disagree with
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that assessment, blaming poverty and poor governance instead. nick clark reports of them at other in southern madagascar. when crops consistently fail, you take what you can find. who cares if normally only cattle eat cactus and boiled up it fill the gap for a while. lee had his own key as it had been an hour. poor dick she, she, the village is in a very bad situation. no food, no water. that is the biggest issue in this region. we need help to solve this because people are living on cactus. that's all there is a ha in the regional capital of amber von bay, a woman has brought her 7 month old daughter to hospital after she became seriously ill with diarrhea and vomiting to hon. it's 0. i the i how may i live on the market? look at them in every day. it was the peak up along the road like with cactus
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fruits. i'm exhausted and i just can't breastfeed my baby because i'm so hungry i have no make in my breast now. if there was no food, we just mcwhorter and slip in here in the mail nutrition unit. they're preparing for big influx in december and january. we're going into what is called the the lean season. so it's a time when it's very difficult for families to grow their own food harvester on food. there's a lack of rainfall we expect cyclones to start appearing sometime in the new year. and so in this is the time and families are really forced to forage for food. and so they are estimates that around $480000.00 children between now and february, april of next year, may need to be treated for acute malnutrition. ah, it's not that the food isn't there in above always market, you wouldn't think times are hard, but these goods are mostly imported into the region and spiraling prices, push them well out of reach of the poor. hundreds of thousands across madagascar
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depend on outside support from the likes of water aid and the world food program. here the government is delivering fertilizer and seeds to farms and they need all the help they can get. but if there's no rain, no amount of fertilizer will help. now the you and call the family here back in 2021. the 1st 5 men cause in the world, certainly by climate change. but a lot of people disagree with that. they say it's down to poor governance and to poverty. the truth, i think it's a combination of all 3 climate change that it's wreaking havoc around the world, calling devastation here in madagascar poverty. niger sent of my the gaskins live in poverty and poor governance inside. and outside the country for the people though, it's all irrelevant for them, these times is simply known as katie. the hung
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to discuss, all of this i'm joined from rotterdam in the veterans by patrick coin. patrick is the chief executive officer of the global center on adoption. good. have you with us all in counting, the cost, developing countries have been fighting for nearly 3 decades now. what change has happened to allow this situation to have all right now? well, i think politics has changed. so how for 30 years indeed developing countries have fight it for moral justice to end the climate, a part regime where the global more for the polluting and the global suffering. i think in at cop 27, developing countries made very clear this has to and, and they were very unified in their stance. the defining factor in why there is no, it is a global found on loss and damage is that the european union accepts
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it is sort of the fundamental moral injustice. there were the 1st ones to basically say ok, we're willing to compensate for the losses which you experience. but what we need from you in but ton is a strong commitment to the 1.5 celsius goal, which is that the world cannot warmer, more than 1.5. so now one of the sort of package deal in charbonneau shake. was it an off time will tell and it is, as you say, you know, about the compensation. it was a, a hard fought acknowledgement of climate damage and who bears the responsibility to pay for the repair? i mean, what type of the cost will it be in a for developing countries to say justice has been achieved? when we know sometimes the physical materialization of money in the part is when success can actually be seen. but that is precisely the right point. indeed, i think it's a mental drake through that the fund is now there. but let's look at the details.
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the negotiation dictated it. in the next 12 months, the fundamental modalities of the fund still needs to be opperation life. how much money, who pays? whereas the money going to come to, i mean that's all still up for grabs. so to say, as part of the next 12 months compensation. but that we have a fund right now is basically a matter of trust in the sense the global. busy may have no promise to deliver this, but as you said, in reality, in the last years, we also have seen that the global norm is not really reliable in delivering what they have promised before. shake the pair as agreement commitment. the global north has promised a $100000000000.00 a year flowing from the north to the south. how much is following today? $80000000000.00. so we still far short and not, not necessarily optimistic, quite frankly, in this regard. so that this money will flow,
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at least that it will flow at the scale required, but also it will flow at the speed which is really determined by the climate crisis if you should talk about sort of who pays and who benefits because but in indeed has also been a controversial issue as well because china is considered, for example, as a developing country. will countries eventually agree on that so as to who will end up benefiting from it? because of course, oxford university research, benito said it might just be what he describes. the placebo fund. well let's to me out for a little bit. i mean, what have we seen in the last 10 years? another fund was negotiate. it was a nouns were big fund far 20 years ago. the adaptation fund was being put on the table requested demanded by the developing nations and said, you know what, we are suffering someone needs to pay for the adaptation costs and infrastructure in future care ready. and you will find jobs. well,
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how much money has been put on the table in the last 20 years in total, under $1000000000.00 a year? but that's of course, a big number. but what are the need for developing? well, just africa alone need $52000000000.00 a year. so there are funds are ready in the u. n. system which were fought for for many, many years, which were agreed to for many, many years, but which are under funded risk pin. the trick then, because if you tell us funds how, how influential the international financial institutions that are all so now in theory, going to be contributing to contributors to this, how do they change that equation? but that was one of the sort of the breakthrough moments. the real historical outcome of cop 27, the climate from it in egypt was that for the 1st time, the multilateral development banks, the world bank, the african development bank,
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asian development bank. and i am f, y front and center wanted parties agree to day news reform. why? because climate risk translate into financial risk into macroeconomic risk. so day now is an agreement that the well bank will reform its business model that it will not just be traditional development, but climate smarter than or which means that every dollar, every euro, which goes from the world bank into the fields, will not have this climate lend provided to it at the end of the day. it is not about the millions on the table. at the end of the day is quite frank, not even about billions on the table. it's about shifting the trillions and for that's the finance institutions which we have designed since the 2nd world war needs to become fit for us while bank come fit for purpose. but a challenge is off today, and that was one of the fundamental outcomes call 20 summer patrick,
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very briefly that yes, in an ideal world, that the finances would work in a way that could help developing countries and continents like africa and parts of asia. but then you also have those issues of conflict and we're seeing now obviously ukraine and russia and how about impacting not just on europe on the rest of the world. so therefore, germany, for example, is now burning more coal britain. it's talking about it. these are where you might say a spammer is thrown into the cogs, the wheel of development and sustainability. nobody can predict it, but it does happen, doesn't it? how long do you think it's going to take for you might say the will to readjust if and when pieces declared between russia and ukraine? yeah, so what we see now is these fundamental systems chart. you mentioned ukraine, but also not forget to recovery from cobra. would still is hampering many economies across the globe. and on top of that,
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there is the climate of crisis. what for me is fundamental is to realize we can talk about reparation recovery, but would it not be better to put our investment, particularly in the low carbon pathway to stick to the mitigation, jarvis, which we have promised since 2015. that was in my world, a big loss from shotwell shake. we didn't really increase our ambition. what we promised last year we would increase our ambition. do we use a common footprint we didn't deliver? what we did deliver is a fund without money in its mean. is that enough? surely it isn't on your question in terms of how long will it take? well, obviously the conflict of ukraine will lead to even more fiscal constraints, but at the same time, it's not just government resources. what will have to come up and put on the table for the climate recovery. it is particularly the private sector needs to come in, patrick vicki and from the global center on adoption. joining us from rotterdam,
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thanks joining us on counting the cost. thank you very much. indeed. the britain's economy is in recession expected to push half a 1000000 people out of work, and it's forecast to shrink even further. next year. the bleak outlook comes as the country battles decades. high inflation rate, again comes to millions of people. and now britons will have to tighten the belts even further. the government wants to balance its public finances and does announce a $66000000000.00 fiscal plan, which includes tax increases and public spending cuts. that means that small british people will pay higher rates of income tax and higher energy bills. it also includes a substantial increase to wind full taxes on the profits of oil and gas companies and additional investment in schools and the national health service. however, big reductions in public spending were pushed back until after the next election in 2 years. jeremy hunt, the british chancellors plan,
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could inflict more pain on millions of british people who faced the biggest hit the living standards. since records began, the office for budget responsibility predicts household income to drop by the most in 6 decades, down by 7 percent over the next 2 years. that's worse than what the government spending watchdog had full cast in march, the fall would wipe out the past. it is improvements of incomes as the rising cost of living eats into wages. that'll effectively turn the clock back to 2013. to discuss the impact of the fiscal plan, all the british people and what it means for the countries finances. i'm joined from london by patrick parrot. green. patrick is the chief executive officer at p. p. g. mccray could help you with us on counting the cost. patrick, i mean, the prime minister has such a very bleak economic forecast that he's presented to the nation and partly blamed it on the fall out of the pandemic in the war in ukraine. how justifiably can
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continue to use these shoes as an excuse for the woe is that the united kingdom is experiencing right now? well, i think it's really quite the get some most i was trying to then, sorry, regarding this sort of actions. one requires doing all of them action and we should forget that many other economies of suffering 70 difficulties and he's probably overlayed the grimness and as a deliberate tactic. so sort of over compensate for that brief nightmare of what i call the cluster trust. and so it's, it's, it's, if you, it's sort of game of make everything grin, hopefully things can be better. well, let's talk about that. let's trust scenario. and obviously jeremy hunts opinion of the countries finances and how to better the united kingdom financially. a very different to what lives trust had proposed with her former chancellor as well. i
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mean, how much of these proposals that we're hearing now are a repair job, and how much of it is that to reassure investors that they should be putting their money in the u. k. and not to worry, they won't be any more policy. you turns. i just said, i think there is a deliberate smith coming. shouldn't forget what she soon. next original policies were when he was chancellor unable chrissy or stare. and it's probably being a bit of an extra swing to reinforce that credibility. not credible as he has been has benefited investors. so we look at you kind of a bone yields that back to where they were beginning of september. and actually they are considerably lower compared to if you look at on deals and us treasury yields are actually much higher. the government ball locket has had a stat up performance so so look at pounds. pound is back at 121 for not harley overnight. low about one of the 3 and a half and actually the pretty well it is one of the full few major
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global stop markets that is up year today. so investors seem to actually really love the credibility of the government. i mean, you just talked about the fact that she's due next opinion before as he was when he was transfer with all steer and jeremy hunt's actions have made the country's further into the sort of austerity bracket. i mean, what's your opinion now about the way that the government is talking about budget holes, increase taxes and spending cuts? i mean, what sort of noises are you hearing from your colleagues in the financial industry about whether this really is the lauins but as far as the lectures concerned, it was the tori's doing in bad shape and hope. but actually the electric likes the truth and that actually there could be overdone, the downside, i think. and for example, lot only one this week we have the lakes or numbers,
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they were much, much lower than was full cost, but $70000000000.00 pounds in total. so the res, fiscal room there, oh and i, and i think over time we will see less those parity and are very technical factors . why the, i don't really go for the story about the budget. hope a lot of it is sort of balance sheet related to so much of decades about that $25.00. that is inflation bones. but the money does not have to be paid until those bonds mature. and most of those bonds only mature in about 20 to 30 years time. so i think of going forward. the world economy is clearly struggling, but i think we are actually going to find is most fiscal remove on the outside going forward. so they've had to swing the pendulum to fall to sort of redress the effects of trust. but i think that pendulum has something for and if anything we might get some better news going the other way as we go into 2023 and 24. let's
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talk about 2023 because there is a suggestion and potential for energy bills to rise in the spring. i mean, how long do you think jeremy hunt or jeremy hunts ideas have got to prove themselves as the right way forward in a country that seems to be ever present using the word poverty across all of the social classes. wow. i mean, i could see the, again, i could say that i was just reading the rise in australian food bank usage. i think it is tough, but one of the things i would say about the government's policies is actually the very progressive. and i think when we get to the next years, energy bill is where we've already state that could be slow. it had to be local, global gas prices, and how the world, the adjusted to the war in ukraine. so i, it's an honor and i think we'll see a more progressive policy. so rather than people like me getting a rebates,
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when i don't really need it. i think the policies with the next round will be more directed towards exactly those people who need it. most we often heard in the last few months that britain wants to be a lead and not to follow. and yet within the, the g 7 it's often described. i was having one of the smallest growth economies within that large rich group of countries is sort of position that the united kingdom really wants to be in pacific. going to be very difficult position to get out of. and to convince your g 7 an g 20 partners that you are false to be reckoned with. economically, you know, i still, i think we are clearly still forced to be reckon economically just because if we actually look at what we talking about the technical details about g d p growth, german g pay is barely where it will. so we're already but we are barely back to where we were as well. so i think partly much is made about g d k. and you know, there is no flaws. what look at the,
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what do you cry and what has done in smooth gosti and crying apart from the u. s. being the single largest donor and both of equipment and money. so i think that b k will continue to habits white. so i think there's a there's another sided equation that upstream just because very nice you take tends to get an excessive amount. retention brought to its importance in the global economy as a whole or see what happens. certainly in the coming months of the patrick parrot green, thanks so much for joining us from london. great. the world cup isn't full thing and football, governing body fee for says it's $7500000000.00 in revenue from taking the told them to cut off. that's the increase of more than $1000000000.00 compared with the tournament in russia 4 years ago. the earnings were boosted by an increase in sponsorship deals, including count on energy and telecommunications. a redo fever, invest most of its endings back into the development of football basements. income
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comes from selling tv, broadcast rights for the world cup. people also draws in cash through the licensing of its brand. well, the world cups important brand assets, such as the names of the event, the trophy, the official emblem, and even the mascot attract global recognition. so how can there reconcile with value be protected soldiers? there is all been job. it explores the role of intellectual property rights in sports finance with down tank, the director general of the world intellectual property organization. p. find the woke up rates vary connected as well. well, 1st of all, this technology in the will come, there's a lot of brands in the welcome that's broadcasting rates, right. and all of that combine to, to meet and help fee for right to be able to, to, to be able to monetize that radio. the broadcasting rates from the fif will come, will be $2000000000.00 and an ip rights and spots globally. right. reach
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50000000000 dollars 2 years ago. so there's a lot of connection between ip spots that people don't realize. so where it is cut to come into all of this because it is the 1st time that the cup is happening in the middle east has cut their been working towards intellectual property towards a knowledge based economy. where, you know, katara cuts us is, is, has ambition re, to be technology and r n d center as well. and just earlier this year, one of my senior colleagues visit ca, towel and signing and will you with a couple of in the season. i mean, behind the fi, you see cause you to see how we can bring ip training to the news. the graduates white because i scatter diversified economy and it connects to the warning we need to support young katara innovators, entrepreneurs, creators, researchers, and i piece that to that they need to use to be able to, to bring guy to the market. but intellectual property is not just about big companies. let's find out how the organization promotes it. among small enterprises . we won ip, not just what for big companies, what we want to work better for s, m,
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e, 's and start ups. our priorities for the next 5 years will be on woman youth and small medium enterprises. we were focusing on creating projects that create impact on the grounds that bring people in ip much closer together. so was ample, right? we've just launch a project in the petra region of jordan to support 35 woman entrepreneurs in that region to use i. p s t r s s t ally to use ip as part of the business journey. we've just launch a project last year and you can the right to support women entrepreneurs in uganda to use ip to skilfully as part of business strategy to be able to market brand and the one package of products. so we're trying to, it's betty bring ip to the grounds and create projects, right, where people, few to ip funded life is felt. we're trying to break this g o type that i piece only for big companies and not with them. you're trying to biggest, your time is only for the global enough and not for the global self. and by the way, 7 and 10 ip right now comes from asia, middle east africa and latin america. so that would change. and that's our show for
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this week to get in touch with me by tweeting me at so underscore rahman and to use the hash tag a j t c. c. when you do drop us an e mail counted the cost a 1000 dot net is our address, but the multi line that i'll just have a dot com slash c t. that'll take you straight to our page, which has individual reports, length of time episode. thank you. to catch up on that's it for this edition of counting the cost on the whole, rob from the whole team and so much for joining us. the news is next here on tuesday, i my mama prizing is and i'm free to movements that takes place in kenya. standing up aghast, the british demanding return of their lives, nearly deacons. if i documents shine a light on presents colonial past,
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there is systematic torture of reign of terror in these count major human rights abuses. how was this happening? a very british wave to a chance. a wanted only to deny on al jazeera, indonesia, your investment destination, the world's 10 largest economy is busy transforming, ready to beat your business, partner with a robust talent pool, politically and economically stable and strong policies. being the powerhouse indonesia is confirmed by the g 20 presidency. bringing opportunities for you in vest indonesia now. ah, this is al jazeera ah.

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