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tv   Counting the Cost  Al Jazeera  March 5, 2023 6:30am-7:00am AST

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wants to be relocated from our ancestors land. the new capital is haunting us and haunting the future. more as a solar she scale of construction in coming weeks. this community is increasingly losing hope. jessica washington al jazeera in east cali mountain on the island of borneo. oh, this is our desert. these your top stories. china says a 5 percent target economic growth this year comes as the country's leaders begin the annual parliamentary session in beijing present. gigi ping, as long more than 2000 delegates gathered at the great hall of the people. major reforms and government appointments are expected at the event as well as the final formalization of president. jeez, 3rd term, katrina. you has more from beijing? well, it looks like full bating economic recovery is really going to be front and center for the chinese government going forward. this year we had
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a g d p target of 5 percent announced, which is on the low end of what some analysts were predicting. they were predicting figures high 6 percent. so what that does tell us is that instead of focusing on pro pro growth aggressive approach growth policies fading is really going to focus instead on being problematic and stabilizing the economy. the head of united nations nuclear watchdog has announced more inspections at iran's for door nuclear plant, and the installation of new monitoring equipment at the facility. president abraham re see met rafael grossi into her on on saturday. meanwhile, protests had been held into iran, often new wave of suspected gas poisonings. put hundreds more. school girls and hospital rain in medias, reporting gas attacks and schools across 15 different provinces. and all of the victims are said to be in a serious condition. but president abram racy has ordered a top level investigation. ukrainian officials in bad moods, se there's intense street fighting in the besieged eastern city,
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but russia has not taken control. that's off to russia's wagner. mystery group said it had surrounded the city. the remaining 3000 civilians are living in shelters without access to gas electricity, water a color outbreak and north west syria is worsening following last months of quakes, least 3 people have died from the disease. the rebel controlled northwest, the quakes damaged health facilities, water sources and sanitation infrastructure. increasing the possibility of an accelerated outbreak. residence in the u. s. stays of ohio, have been ordered to stay at home, often, not the train derailment lost on the train belonging to the same operators. norfolk southern derailed, hosing a major chemical spill is ready, protested. have broken through police lines during an anti government demonstration and tel aviv rallies have taken place across the country for 9 consecutive weeks despite the security minister. ordering a tough a crackdown on protesters as royalties have been marching against the government's
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proposed judicial reforms to reduce the powers of the supreme court as he headlines . and he is continued here now to 0. after counting the cost, stay with us. we know what happened is, you know, we can, we know have to get some places that others cannot. i was thrown, dear god, by that, put it on her bed. and then i'm going, i'm with the way that you tell the thought is what and make a difference. i and i'm nicholas. this is counter the cost on al jazeera. you're look at the world
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of business and economics this week, combustion engine cars to be no more european union bands, the sale of fossil fuel powered altos by 2035. i wants to speed up the switch to electric. it is the block ready for the shift. also this week, the profits of global airlines are taking off for the 1st time since the start of the pandemic. a, can the industry keep up with the surge in travel demand, plus sedans, forgotten crisis? 20 is on from the start of the conflict and offer people say their lives have only got worse. will the international community help? ah, so the manufacturer of cars powered by fossil fuels, employees, millions of people, right across europe. automobiles account for 15 percent of all carbon dioxide emissions in the european union. well, the block wants to drastically reduce exhaust fumes as part of its ambitious plans to reach carbon neutrality by 2050 petrol heads and now being told to prepare for
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a cleaner ride. european lawmakers have put an expiration date on the sale of new cars with combustion engines. carmakers will be required to cut 100 percent of carbon emissions in new vehicles sold in the european union by 2035. the law includes exceptions for companies that produce fewer than $1000.00 vehicles. heavy trucks and buses are subject to a different set of rules that will slash carbon emissions over time. but some countries oppose the change among them is italy, which is called the ban economic suicide. for the block and a gift to the chinese electric car industry. critics of the laws say the automotive industry is not ready for this shift and the move threatens tens of thousands of jobs. in the european union, ford motors has caught nearly 11 percent of its workforce in europe over the next 3 years as part of its pivot to the production of ease. for european leaders advocating action on climate change have pushed back against that argument. the
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industrial revolution is happening, whether we like it or not, we can choose to lead it. we can to, to do it in a way that is socially compatible with our values. or we can leave it to other parts of the world to lead it. and then all we can do is follow and de industrialize. we need to rebuild our industry on the basis of the future. and the car industry can lead this or i, let's take this on. we can speak now to a casper rules who the chief dates are officer at a benchmark mineral intelligence, which is a price reporting agency consultancy focused on the metals supply chain. a caspar 1st up, why is it that some european countries are pushing back against this ban? i mean, i think there's some concern over where the industry's going to be ready to, to move to a fully electrified teacher, obviously that, that the target. but of course, there's lots of things that need to be in place to ensure that we can and the sale
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of internal combustion engine vehicles and move to electric. and that not just having the cars there, they're charging infrastructure. and obviously you will have the supply chain up from the color including batteries, capillaries and i was in the raw materials at the mines. italy says it's economics, suicide, and it's handing the e v bass on to china. tell us about that. well, china is heavily represented in the battery supply chain as a rule of thumb, typically around 80 percent of the processing capacity of the raw material with the way through to the finished batteries that passed the sets in china. but we starting to see that change. there's been a number of considerable investments throughout europe in north america over the last several years, which is building out battery production capacity and that moving through to other parts of the valley chain as well. so i think, you know, china has had a head start definitely on electric vehicles as that's been a big a big focus at the government there for a long time. but the rest of the world is playing catch up today. and we starting
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seal our policy, which is helping to make that shift. and the shift is happening, isn't it? in december, germany bought more movies than cars with conventional engines, but you mention the charging infrastructure just now. where are we without across europe? yeah, so structure investments are continuing to happen. i think there's probably more anxiety about charging than in reality. there is a problem with starting to see more and more charging. so it's crop up across, across the european region. but also people can, you know, can charge homes that those who have the option to pop at the home. it was seeing a lot of charging happening there. but you know, there's definitely still more to be done. but it's not just, you know, companies like tesla who installed this, they're charging network early on. we're starting to see traditional energy companies which have a filling station for, for internal combustion engine vehicles. starting to move some of that kind of area
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over to electric charging as well. so while there is of course investments to be made, access to charging, generally speaking is improving considerably throughout europe. right. and there's also the issue of challenging time. and in the journey time between charges, right? yeah, i mean, you know, the majority of people are committed and not going to need to worry too much about charging that on a daily basis. charging times are coming down as we starting to see technology improvements at the battery level. and at the pack level, it's at a software and hardware that manages the actual battery sales themselves. but yeah, be, you know, it does still take longer than filling up a filling station. but of course, you know, one of the benefits of electric vehicles is that you can, you can do it at home. so you come home, park, your car and you know parking space or driveway or whatever it may be in their roads in the city while you're not using the vehicle. so as we start to see more and more charging access him in the places where people leave their cars in car parks and things like that, it's charging time becomes less of
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a concern. if it's in the time when, when you're not using the vehicle and what is the to ation with the manufacturer of these, these multiple, many thousands of millions. in fact, the pattern that we're going to need. and the metals in the minerals that are required, you know, like cobalt and lithium and so on. and the damage potentially that could due to the environment that you may come from mining. you know, if you think about the v, about 40 percent of its value, is it the battery and about 80 percent of the value of the battery of $7287.00 value battery comes from raw materials that comes from mining traditional engine cause you know, the still, the minion that comes from mining to mining probably has a bad reputation, but it's down properly. it shouldn't be harmful to the environment. and so i think, you know, there's perhaps some misinformation out there about battery minimum as being more harmful to the environment than other forms of mining. it's all the same, but it keeps asking about where, where it comes from now is the whole issue of deep sea mining. but that's kind of
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another thing. is there a point at which we could start recycling? the metals used in batteries? yeah, so lately, i mean, batteries now highly price for the minerals that are within them in terms of the recycling market. so there's a big growing part the supply chain and not too many batteries. so coming back from you there original use in the market, whether that's in an e v, there is some coming back from consumer electronics, but people tend to keep out of those that didn't tend to come back into the system or that efficiently. but certainly the technology to, to recycle batteries already exists. and it is happening in actually the kind of the main feed of recycling or recycled material. now it's coming from all of those new battery plant. so to take clean the early phases of the, of a new battery problem when you're kind of fine tuning your equipment, you end up with what we battery scrapple or effect rejects. those are also getting recycled and going back into the supply chain. so these minerals,
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endlessly recyclable, you can recycle them as many times as you want. and you can do that through a battery grade to put that material back into the battery supply chain. and then the whole e v market can europe compete? do you think with the us in china? yeah, i mean it's a very competitive market and i think one of the key consent that the kind of the, of the global type supply chain is managing costs. so as demand for these material with which make up a big portion of the value of the car go up and so does that price because markets become tighter. so managing costs and absorbing cost competitive particularly with, with china, where we typically typically see a low cost base can be a challenge. but definitely there's been significant investments by made by european automakers partnerships with sell manufacturers. and also starting to look at investment, fed up the value chain, which, you know, give him much more control of their cost. so we call that vertical integration, where they're not just buying products from all the different steps in the value
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chain. they're actually investing in making partnerships within that value chain to reduce that cost. so that's the key key part, the strategy that in a play out over the next few years. and finally, casper, as we go, let me turn back to the combustion engine for the last question. there's talk that we could be gained to a situation like what you see in cuba, where lots of old petro cars, just continually recycled and reuse. is that what's gonna happen globally? do you think it's even common and people can afford them so you can just keep running your own car? i think you know what happens there is going to really be defined. what happens at the next decade, if all time make is, can continue to reduce costs or reduce the price of the a v. we saw that initiated by tesla globally, a few weeks ago. and a number of who makers have followed suit in terms of reducing the cost of a v to the consumer, then it because if that becomes less of a question, because if a visa produced in high numbers and accessible to most people,
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then that's less of a concern if, if that doesn't happen, it costs continue to rise in e. b 's remain a high high ticket item, then that you know, the value of a 2nd hand vehicle is petro diesel vehicles, will become per, could potentially become higher. but as i say that kind of next 10 years with what happens with e v strategy policy from governments and roam theory, cars will really dictate what happens to the legacy kind of aftermarket internal combustion engine. supply chain up. it'll be very interesting to see how it all develops, that capital rolls. thanks a lot. thank you. the while fossil fuel cards are being phase down, the airline industry is on the out. travelers are rushing back to the skies after pandemic restrictions east. the spike and travel is turning the industries fortunes around car is suffered more than $200000000.00 in losses over the past 3 years. but airlines are returning to profitability for the 1st time since the health crisis started in 2019. the industry is expected to record many,
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$5000000000.00 in net profit this year that compared to almost 26.5000000004 years ago. among them is international airlines group, the owner of british airways, spain's iberia, and other carriers. i. a g reported an operating profit of almost 1500000000 dollars last year to the biggest us airlines recorded better than expected profits on the earnings. delta airlines reach higher revenues last year than it did in 2019 . while american airlines group said it's 4th quarter revenue was the highest in the company's history and australia, qantas rate in a record $1000000000.00 profit in just 6 months. it last $7000000000.00 during 3 years of the panoramic context is now being accused of ripping off customers with expensive f as me. well, central asian airlines are benefiting from russia as close as space. airline traffic into the region surged as european airlines struggle to find new routes
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into asia. flights between many european countries and is becca son, for example, have risen nearly 106 percent since 2019. the region is expected to continue on an up what trajectory as travel from china resumes. well, joining us now from london is rob morris. he is a global head of consultancy at serum, which is a global aviation analytics company, providing data for travel airlines efforts and finance. rob, welcome to the program. so we have 3 consecutive years of losses all down. mccovie for the airline industry is now reversed. how much more ground is there to cover to put the industry on a solid financial footing? do you think? ok, hello, nick. yeah, i think that's quite a lot of recovery still to come in after those 3 years. we still see globally demand below 2019 volumes of was we have seen some airlines recovering their profits. fundamentally this year, a globally about
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a $5000000000.00 net profit across the, the global and the entire industry is far lower than we saw perhaps in the latter years of the last expansion cycle ended in 2019. so there's still some way to go. i think but, but, but better times that it was in 20202021. it demonstrates extraordinary resilience is never quite a recovery given the scale of the financial and economic damage. yeah, absolutely. i think it demonstrates ashley list rates. the underlying drivers for demand for travel remain remaining from the strongly fund thinks about whether we travel for business to generate corporate wealth and trade, or whether we travel for, for leisure. because we've got an increase in the globalized population. the underlying drivers to, to commercial aviation remain very strong and, and that's why airlines have been able to, at least come through the pandemic. and that's why, frankly, governments throughout the world have sort seen it fit to support their airlines
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because they realize how important they answer economies of the recover from the pandemic. and the underlying driver is passenger demand ultimately, right? yes, exactly, passenger demands, or whether it be for his business or, or leisure. and interestingly, in this recovery, leisure is leading business. so increasingly, as those people, those of us who've been suffering from knocked down through the last couple of years not been able to travel as sequentially. markets have released we've seen extremely strong bounce back initially and in north america in europe. and. and lastly, further to come in and certainly you pacific and, and china. yeah, i was going to say on age of these ages. lagging behind at the moment, isn't it? it is full cost to post $6600000000.00. loss in 2020 choose. why is that take us through that a bit? yeah, absolutely. well, 1st of all, the, the, the reaction of governments and not region to the pandemic have been somewhat different. so the current change in the, and, and the locked downs, etc, have gone further in those regions. the 2nd point is the importance united pacific
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of, of the chinese market. if we looked at routes from asian pacific internationally, a large portion of those touch china. and until china changes quarantine policy late last year, those markets were not able to, to act at all. now even with the change of quarantine policy, as we look forward to june this year, those markets are still going to be close to 3 quarters lower than where they were in 2019. so china's the key to that effect to be the last brick in the recovery wall. a was quarantine policy as pop changes, positive. it's going to take a while for the passenger confidence to recover demand, to come back strongly, an asian pacific to come back. what about f, as i watery? in some cases we can get that reversed as well. potentially. i mean, if i thinks about the way the way the airlines are processing right now, it's about, it's about the supply and demand dynamic. and, you know,
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market economics as, as demand is come back, strongly, airlines have to some extent had issues with returning capacity quite so quickly. number of reasons, i mean they parts aircraft, they furloughed staff, bringing aircraft out of out of storage is accosted business there, some capacity challenges around that. bring his staff back is also a challenging and then even when they bought people, but we see north the airport congestion which has been caused by lack of capacity there. so. so did bond is effectively come back more quickly than supply has and in a, in a, in any, any economic system when, when demand exceeds supply than the supplier will naturally leverage price. i think that's why f as a typically higher than they weren't actually post atlantic though i've got a lot of trouble to japan in a couple of months time and i lost travel to japan in 2019 the f air i'm paying now is about 50 percent higher than it were in 29 chain inflation. accounts about 20
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percent of the market market economics clearly account for the rest. yeah. and once market economics levels off, do you think prices will go down then? yeah, potentially, but i'm a younger lying higher costs we. we say to day our potentially hist i, you know, inflation is going to continue to be when we're not, we're no longer going to see that love inflation and borrow. we enjoyed perhaps over the last 15 years or 20 years or more so. so as inflation remains hired as a fuel prices remain high as, as f, as i, as airlines cost of debt remains relatively high interest rates being hard and they were as maintenance costs have gone up with the ownership costs of have gone up as wages go up with inflation, so costs go up and consequently effort need to go up further to the, to maintain margin. something a bit of a time to, but all related. net, 0 emissions by 2050. that's the global go. whereas the airline industry with that. so it's an extremely challenging target. i think companies one thinks about the
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mechanisms, the airlines have potentially to get to net 0 was the very 1st thing we need to recognize is, is that it's very difficult to de carbonized long haul. and even short, medium or travel so, so we're going to be, we can be burning some form of fuel which emits c o 2 for a long time. certainly for 2050. so the challenge then becomes how do we offset, how do we also, how do we find sustainable fuel system, lagossi fuels derived from a bio mass or, or other other feedstock which allows us to, to reduced to net 0. of course, we do see one of the things we've seen for the pandemic of interest me, the airlines increasingly reflecting, going to more efficient new aircraft, whether they be about a $320.00 neos or bugs and piece of max's 787350 across it. typically, bern, 15 percent to 20 percent less fuel than their predecessors and thus emit 15 to 20
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percent less c o 2. that helps that brings about 10 to 15 percent of what we need to get to. net 0. we can have efficiencies in air traffic controller, etc. but whenever one flys into heathrow in london, you always find yourself holding and therefore burning more fuel than you need to. so efficient entrance, a truck or traffic control systems will help. but actually are the largest parts going to have to be offset or sustainable fields in some way. rob, just great to get your expertise. do appreciate it. thanks very much. rob maurice. nick, thanks very much. now the entire villages were burned down and find these displaced after the violence broke out in sudan stuff back in 2003, 20 years after the start of the war, hundreds of thousands of people have no home to return to remain in camps right across the region and that's despite the peace deal signed 2 years ago. many people say the situation is worsening as they go for months without humanitarian aid. the
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world food program says 65 percent of the population in west are for is food insecure. that is the highest level in sudan. and experts estimate the conflict cost nearly $90000000000.00 over 11 years, accounting for damage infrastructure in homes and lifetime earnings aid work and say support to the region is limited and have cut down a deliveries. while georgia is from a let, a in italy, is alexandra montez, a research fellow at the school of international development at the university of he's telling me that it's under welcome to counting the cost at 1st. what's your assessment of the cost of war to, dufferin? is showing that in, that's what i mean. either one of you going on for a really somebody that not the in the in the way look company that i've been going,
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going to actually look into that for the country for a big a big mission actually become a war set in the city one and when they look over all 370 incidents and be matter for it during the so given that how much is needed to ease this worsening crisis, what needs to be done and what the new which means in place that we can get it won't be on us on which yet i'm again that we haven't, that i enjoy you know, more than just 1500000000000000 dollar me let them because i need them on
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these one point. one point in time with $1.00 total overall and mom in time. so what can be done that to recall or the situation? so the response is you have the situation where it will work as a complaining about limits, it's support to the region. why is it happening? is it because donors of prioritizing other regions in the world that probably says like any day you might get a response from only back to the fund. we are just kinda even going back in time. i just call the agent way. we can have angel for, you know, much younger now why fi? and we got that. well, that must be,
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is difficult to find that it will fall away the work that the things that be had already yet will be the final one. so the thing that that booking one goes, all right, the one built on more to that to that contribution will make a major change. it will, it was hope that the post basha transition would enable relief agencies to, to move beyond relief work and to look at implementing more durable solutions for duffle. why is that not happen? why is that be hampered? well, that's got to be set to move on from my release myself from the wrong path. i should be. unfortunately, the distribution was not that much. sure. now, what not potency for people and the fact that you're seeing what
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you need to be completed within the frame of the discussion that aren't mature and that actually can be on the i'm not sufficient on that. that is probably did you get to be i was under the test. thanks very much indeed. you're welcome. and that is all show for this week. if you'd like to comment on anything you've seen, you can treat me. nick, clock out, john, please use a hash tag, a j t t t, or just drops an email counting the cost at algebra dot net is our address. that has more few online intelligence dot com slash ctc. that will take you straight to
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our page, which has individual reports linked to the entire episodes for you. so that's it for this edition accounting that costs. i'm the clock from the whole team here. thanks for joining us. the news on, on to 0 news. ah . this is the image of home that dazzles visitors, a bustling glamorous city. but on the ground a different reality appears. official figures released in november show the number of people experiencing homelessness is the highest in a decade and is a shop rise in the number of women experiencing housing insecurity. that report
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also said there's need for better services and more funds for hostile accommodation . as the situation wilson's it's the middle of winter here in hong kong and the temperature often drops below 10 degrees at night. people in this underpass of repairing for another night, exposed to freezing conditions. they come from humble indian villages, but they chasing international sporting success. 101 east examines how athletics is helping tribal communities gain the recognition and accept on al jazeera. ah, china sets a modest target for economic growth as the national people's congress begins its annual session.

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