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tv   Counting the Cost  Al Jazeera  November 28, 2022 7:30pm-8:01pm AST

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oh oh oh, oh i oh i oh, oh oh, we're not in going on up there. we're in wooster, massachusetts. but it doesn't matter where bonnie and i gabriel, i was on the reporting there. now. the 3rd game of the days underway between brazil in switzerland with current score is still standing at nil nil. earlier. cameroon,
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made an incredible come back to draw with serbia. there were 2 goals down that managed to take a point from the match anyway, because the, in the, in the 3 old role means both sides can still qualify for the knockout stage is going into the final matches. ah, this is al jazeera, the top story, this, our protests have taken place for a 4th consecutive day in chinese cities against the government's coven, 19 restrictions. it's eas, some rules, but says the 0 coverage strategy will stay. the demonstrations are a rare display of public defiance against one of prisoners shooting things, policies, church and talk ashura, a few that is a heavy burden, but i didn't think this many people would come. i always thought that in china's count society, the conditions to organize something like this. because as everyone knows in the past few years, l, freedom of speech, wayside,
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we express ourselves are all being blog. i didn't think that they would be a day when we can come together on the street to express our demand. mean, so i think chinese people struggle to get feet and still has a long road to go. we don't have a set way to go. we need a more complete action plan. a somali, secure with the forces of ended a siege by all about fighters at a hotel in the capital that lasted nearly a day. at least 9 people were killed. after gunmen stormed the billow rows hotel in mogadishu, it's close to the presidential palace and is regularly used by government officials . east african leaders have been meeting in robi to discuss how to restore peace in the democratic republic of congo. however, the n 23 rebel group that is widely believed to be backed by rwanda is not taking part. the fighters have taken a large areas of land in the east, forcing hundreds of thousands of people to flee is really forces reportedly detain 16 palestinians in the occupied west bank. the rates took place overnight. it is
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unclear why they've been taken into custody. search teams are continuing to look for survivors following a landslide on the italian island of espia on saturday. at least 7 people have been confirmed dead and 10 are missing. in the town of custom, shola landslide was triggered by heavy rainfall. and those are your headlines on al jazeera, the news continues right here after counting the cost to stay with me. ah ah ah,
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i hello, i'm so robin and this is counting the cost on al jazeera. if you're with you look at the world of business and economics this week, a historic loss and damage fund was adopted at cop 27. but will rich nations really compensate poor countries vulnerable to global warming? or is it just another empty promise? also the sweet britain faces the sharpest fall in living standards on record and economic outlook is gloomy tongue. the government's fiscal plan and austerity measures east the countries pain anti for her score bag with the cattle world car planning revenue of $7500000000.00. we explore the role of intellectual property in sports business. ah.
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what in the bank 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 effects of climate change. very 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. well, the fund would include contributions from develop 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 fail to deliver on phasing out the use of fossil fuels. madagascar is
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one of the world's poorest countries that's been ravaged by drought and successive cyclones and tropical storms. the you and has called the countries famine. the world's 1st disaster induced by climate change. but many people disagree with that assessment, blaming poverty and poor governance instead. nick clark reports are from atlanta 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 fills a gap for a while. lee had his own key and it had been an apple 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 donor, her in the regional capital of amber bombay. a woman has brought a 7 month old daughter to hospital after she became seriously ill with diarrhea and
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vomiting. this is sarah, i the i have to add the family and i cannot get them in every day with what the pick up along the road. like with cactus fruits, i'm exhausted and i just kept breastfeed my baby because i'm so hungry. i have no make in my present. if there was no food, we just like water and slip in here in the malnutrition 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, harvest their own 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 when families are really forced to forage for food. and so there 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,
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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 the poll. hundreds of thousands across madagascar 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 pause 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 according devastation here in madagascar. poverty, 90 percent of murder, gaskins live in poverty and poor governance inside and outside the country.
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for the people, though, it's all irrelevant for them these times simply known as katie. the hung to discuss all of this i'm joined from rotterdam in the netherlands by patrick the claim. 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 apart 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
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is no, it is a global found on loss and damage is that the european union accepts 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 a ton is a strong commitment to 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
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success can actually be seen. but that is precisely the right point. indeed, i think it's a mental breakthrough that the fund is now there. but let's look at the details. 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 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. take the pair as agreement, commitment the global more promise, a $100000000000.00
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a year flowing from the north to the south. how much is flowing to day? $80000000000.00. so we still far short. i'm not, not necessarily optimistic, quite frankly, in this regard. so that this money will flow, 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 zoom out for a little bit. i mean, what we see 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
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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, 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
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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, 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
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needs to become fit for purpose while bank can either come fit for purpose. but a challenge is off today. and that was one of the fundamental outcomes call 20 summer patrick, 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 is 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,
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but also not forget to recovery from cobra. would still is hampering many economies across the globe. and on top of that, 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, but typically 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? certainly, 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,
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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 and adoption. joining us from rotterdam, 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 battle 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 has announced 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
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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 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
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a very bleak economic forecast that he's presented to the nation and partly blamed it on the fall out of the pandemic, the war in ukraine. how justifiably can 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 ben, sorry, regarding this sort of actions. one requires doing a little bit of 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 outplayed, things can be better. well, let's talk about that. let's trust scenario. and obviously jeremy hunts opinion of
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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 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 been a bit of an extra swing to reinforce that credibility. not credible as he has being has benefited investors. so we look at you kind of a bond yields that back to where they were beginning of september. and actually they are considerably lower compared to deals. and us treasury yields are actually
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much higher. the government ball locket has had a stat up performance also 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 much it is one of the few major 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 stare and jeremy hunts actions have made the countries 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 as far as the lectures concerned, it was the tori's doing in bad shape and hope. but actually the electric likes the
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truth and that actually there could be overdone downside, i think, for example, a lot earlier on this week we have the lakes already numbers, but well, much, much lower than with full costs, but 70000000000 pounds low. so the res, fiscal room, then i think over time we will see less oh $70.00 and they're 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 that the money does not have to be paid until those bonds mature. most of those bonds only mature in about 20 to 30 years time. so i think 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
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effect trust. but i think that pendulum has fun for and if anything we might get some better news going the other way as we go into 2023 and 24. let's 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? i dares have got to prove themselves as the right way forward in a country. but seems to be ever present using the word poverty across all of the social classes. wow. i mean, i could see the, again, i would say that i was just reading about the rising off trading and food bank usage. 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 slower, hatchet, global gas prices, and how the world's adjusted to the war in ukraine. so i,
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it's an honor and i think we'll see a more progressive policy. so rather than people like me getting a rebates, 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 leader not to follow. and yet within the the g 7 it's often described now is how will the smallest growth economies within that large, rich group of countries. it's not a 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 and g 20 partners that you are forced to be reckoned with. economically, you know, i still think we are clearly still trying to be reckoned economically just because we actually look at when we talk about the technical details about g d, p growth, german genie. hey, it's barely where it was,
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where we are barely back to where we were as well. so i think part too much is made about g d p. and there is no flaws. what look at what kind of what you 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 the cable continue to habits white. so i think there's a there's another side equation that upstream just because the very nature 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 patrick parrot green . thanks so much for joining us from london. great. the world cup isn't full thing and football is 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
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increase in sponsorship deals, including count on energy and telecommunications. a redo fee for invest most of its endings back into the development of football basements. income comes from selling t. v broadcast rights for the world cup. people also draws in cash through the licensing of its brand while the world cups and pull brand assets, such as the names of the event, the trophy, the official emblem, and even the mascot attract global recognition. so how can vary caloric value be protected? there is this all been job explores the role of intellectual property rights in sports finance with down tang the director general of the world intellectual property organization. p. far in the walk up rates vary connected as well. well, 1st of all, this technology in the, in the will come, there's a lot of brands and the welcome that broadcasting rates, right. and all of that combine to, to meet and help fee for right to be able to,
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to, to be able to monetize that radio. the broadcasting right from the fif will come will be $2000000000.00 and an ip rates in spots globally. right. reach 50000000000 dollars 2 years ago. so there's a lot of connection between ip support that people don't realize. so where does cutter come into all of this? because it is the 1st time that the cup is happening in the middle east has been working towards intellectual property to words and knowledge based economy. why 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 katara and sign it and will you with a couple of in the season? i mean, the harley fire used cars used to see how we can bring ip training to the newest, the graduates. why? because i scattered diversified economy and it connects to the warning we need to support young katara, innovators, entrepreneurs, creators, researchers for, and ip east to the need to use to be able to,
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to bring the i just the market. but intellectual property is not just about big companies. let's find out how the organization promotes it among small enterprises . we want ip not just to work for big companies, but we will work better for s. m, e, 's and start ups. our priorities for the next 5 years will be on women, youth and small medium enterprises. we were focusing on creating projects that create impact on the grounds that bring people in in 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. s s ally to use ip as part of the business journey. we just launch a project last year and you can the right to support women entrepreneurs in uganda to use it to you, free as part of the 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 viewed ip funded life is felt. we're trying to break this
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d o type that i piece only for big companies and not with them. you're trying to biggest your time, the ip is only for the global, not, and not for the global self. and by the way, 7 and 10 ip now comes from asia, middle east africa and latin america. so that will as change. and that's our show for this week to get in touch with me by tweeting me and so underscore rahman and to use the hash tag a j. ccc. when you do drop us an email, counted the cost, a 1000 dot net is our address, but the multi online college, they have a dot com slash ctc. that'll take you straight to our page, which has individual reports, length of time episode saying you to catch up on that's it for this edition of counting the cost on the whole, rob from the whole team. thanks so much for joining us. the news is next here on tuesday i ah
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and i care about helping us engages with the rest of the world. we're really interested in taking you into a play you might not visit otherwise. it feels that you were there. a new series follows footballers from 6 countries hoping to make it to catch our 2022. when i scribble to the pitch, i don't think about anything apart from play and winning. this episode meets 3 men pursuing a career path they hope will lead to spain is 1st becoming part of the it requires a lot of sacrifice, effort and work the world cup. dream spain on al jazeera ah.

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