tv Counting the Cost Al Jazeera June 1, 2024 11:30am-12:00pm AST
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2 generations are not lied to connect with our community and tap into conversations you weren't find elsewhere. young americans, in particular, have been extremely critical of the united states as role in the us. the stream on al jazeera, on the, on the clock, this is con. to the cost to now to 0 your we can look at a lot of business and economics this week. the rates for clean energy is gathering speed up the technology to build green economies is mainly produced in china. come to us and the you can shop the countries are looking to count. fossil fuels improves clean energy, put the change in energy systems, restate the global balance of power,
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and profiteering on cleanup property developers and marketing air quality products for the rich. the we bring coming. another luxury, the so then the race will clean energy is moving fast and then it could drive geo political arrival. reason reshape the balance of power as nations phase of the impact civic climate change, global spending on the transition to clean energy hit record high as last year. about $1.00 trillion dollars was spent on installing renewable energy systems, buying electric calls and deploying of the technologies. but it's nothing like enough the world needs to invest well as a double, but to reach net 0 emissions by mid centuries. so which countries pulling ahead all when it comes to green investments? china is leading the pack for the whole mess. so bob, with exactly $676000000000.00 invested last year, that's twice as much as, or a new countries combined. and more than double back of the united states,
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wind and solar energy barrel. so storing, particularly in the united states and much of that is due to the inflation reduction act which pulled billions of dollars in green investment for care is a key player. and the best of cost it has is about 30 percent of the world's critical mineral reserves, and most of needed to develop renewable technologies from the democratic republic of congo to guinea. into moses. i'm big industries just booming for securing those minerals in the long term. well, that's an issue, especially for the european union and the united states. china dominates most of the supply chains. and this could help when geo political influence, while the shift towards renewable energy is global, some developing nations, a topping into the market to secure their own supply. and to attract wealthy investors to your life is hardy and has more no. the renewable energy is big business. this is one of the world's largest solar plants, built in morocco,
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southern city of worst. so it's not, it's part of a major plan to expand the green energy. the deserts intense sunshine may soon be crucial to power homes in morocco and beyond the heart of one of the largest storage facilities worldwide, such as the end of the technology to allow us to produce electricity from sun even during the evening for around 8 hours and during the night, morocco wants to produce 10 gigawatts, a year of electricity from renewable sources by 2030. it's also looking to generate enough electricity from renewables and exported to europe. especially now that it's reducing it's dependence on brushing gas imports. this is really a game changer. i mean, country is weird to yours to depend on oral impulse. we've but merge on this over the nodes beat soto, we can know reduce dependency on part. in bolivia is also
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shifting to cleaner energy. the south american country recently opened its 1st of the bio fuel plant to curb gas imports. the president says more will forward. will you be a part of the the bolivia will now produce it's owned by of fuel using the roll materials produced by the farming industry. this is important as we slowly reduce our dependency on foreign sources. olivia has vast reserves of lithium. the mineral is widely seen as the green energy fuel of the future. other countries and potential clients are taking notice of minimal mining as an industry applicant knows all too well. for years, it's applied to others with raw materials needed to develop renewable energy. china has invested heavily, i assigned a number of cooperation that could be made with a, a chinese companies to help icing the just energy transition to ensure that you are
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able to expedite the renewable resources a solar wind. and we also looking forward to chinese companies to also participating and our nuclear program for many countries transitioning to renewable energy is no longer a matter of choice. but ultimately on a subsidy, katia looked this with a yan elders here for counting the cost. well, from lowering this, let's bring in all guess. joining us from brussels is assigned to the unit dixon declared for sundry, and his group president of the club of room and an international climate change for later and over in my review as well. we have, i'm going to dial, he's director of power shift, africa, climate, an energy think tank, a warm welcome to base san drain. i'm gonna start with you 1st. if i can at this shift to clean energy. it's on the way ultimately do you think in the end that this is going to change everything i can to the arrival of the industrial revolution.
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but it is absolutely the arrival of the industrial revolution. but the only problem that i would say is that as much progress as we've made, the state of the transition could potentially backtrack. we're saying that because of fossil energy windfall, profits of 2800000000 per day, we're having a huge backtracking in terms of commitments from 1st of all energy producers, but also big multinational companies. so this could really have an impact in terms of the trajectory of the uptake of renewable energy. yeah, mom, it is pretty evident that the transition is not going fast enough to another luxury because they just marked investment. and we have the forces as well. you know, see the huge fall and they asked to be able to box it up. this letter is the flow change is really exciting. the
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option was to be in there. so the amount of all the duck is supposed to be shipped to us. another good thing is you're good to go to is getting cheaper workstations. uh, with the highest, you know, as a, as a reminder to achievement. as all of the energy is going to cheap all the car up to the other diploma over time. okay. strides big strides being made, especially in china, sun drain, the china leading the way, would you say a china is absolutely leading the way in terms of installed capacity. we're saying about a, 1453 gigawatts, which is a very big difference with the us and 2nd place around 388 gigawatts. we're also saying that the u is coming up and in 3rd place alongside brazil. but i think what's most important is that with this installed capacity, we're also continuing to see investments in coal. we're also saying that actually
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there could be some issues with because of the impact of climate change we're getting in some places. for example, in brazil, less hydro power and these types of impacts are not taking into consideration. so the perversity of the market is the fact that actually climate could potentially also have huge impacts in terms of how much wind is actually blowing or not, or how much water we have or not due to climate impacts. yeah, very interesting. and how many sundry inventions, the china there is reliance on coal. it's still heavily depend on something like 58 percent of its energy comes from co pop. the biggest challenge to fix is the interest of coal or gas companies. i shouldn't have bought another company, which is why that large and so we want to continue to other actions. but it really started the biggest for these. oh, we saw
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a they're trying to do use the call. well, we want to ship a call to see author's buyer. the other people dislike before they're just all the realty, to see that countries, i'm so tired, it's the energy which the fucking of the industry nice. most of those, the youtube of like no physical diesel. i'm a how much, how much is it for, for china to be dominated, he's so dominating the renewable industry is the biggest loser goals we, the solar technology bills. interestingly,
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the biggest consumer now the initial, another key eligibility. so the boost clinical moves. so this multi is to be much carefully overall this location of the water in this industry. so the we have the people that are needed for the purpose of addition is off to the how to how low and the to be able to select the toner. want to do that for the visual materials? the classroom because yeah, the visuals of bible lee should uses benefit the countries. no just the but the oh by the speak to you just so we have an opportunity to offer you
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here. you know, the jump the illusion. you know, way the simple to solve the. ready x is the why, the access to electricity, the police will do that has what if the bill that it was required to be come on as a introducer and they helped people, you know, the finished floor was awesome. so the total was the issue. i had the rest of the talk to go to the with the, the, what you're talking about jackson's window of cool was on another problem which is accessing those crucial minerals, which are potentially a source of wealth for african nations and elsewhere in the world. but uh,
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san drain also opens with it for a huge potential environmental degradation to access them to, to get them to mind the, to yeah, i think there is, there's a variety of different impacts that we're going to see. and also power shift. and i fully agree with mom and that we absolutely need to support africa in terms of a new type of economic development. but we do have to remember the ricochet effect of our shift in terms of the value of change. one is the power politics will completely change and the influence of the whole shift towards renewable electrification will have a huge impact. we can see it through battery technology. we can also see it through renewables, technology, but also of course it will create new dependencies. so how do we ensure that we don't get stuck in the same types of dependencies that we've had on russian gas, for example? the other key issue is what type of financial structures do we put in place in
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order to enable africa to truly be the leader. so what we've been working at at the club of rome and also with our initiative referral, is to create the fiscal space. because the fact of the matter is that africa can't truly be part of the transition or much of the global south. unless we enable dot, that cancellation, we put in place the right special drawing rides and fiscal assistance in order to enable them to truly become the leaders. this also means new types of partnerships with europe, with the united states, and also with china. and from a european perspective, i personally believe that it's the moment to open up a totally new pulse, neo colonial type of partnership with the african member states between europe and africa. think about plain technologies and infrastructure and what that means for their economic development. and also their export possibilities. think through the environmental impacts and bring some of the knowledge across from europe,
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but from other countries like australia, in terms of new mining technologies and think through together how we can co create this transition so that it actually does work for everyone now. and i just said one other thing i just wanted to ask you ad touches about the d all see in africa have access to a huge amount of fossil fuel results is in the concrete base, but they want to get out. they say they want to get out of it, but the west to say, no, you can't do that. it's a west, right? to say that, you know, the worst you can begin to explain how the process works. is the all the blocks special horses works in the united states? no, do not. cool. developing countries don't projected you there. so since we're not the one and the kind of policy the usual, but she is the possible side of the castell
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options file. we can actually also the concert but we have to do the selector base so we just don't want to use them. so we're actually in the class. i think there's an opportunity for us to list for the year. but the buyer just we came to canada. i know we just left the phone for the a see here. see the just be able to actually wanted to visit with relationship with just a little be
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a see i wanted to look at how much am oh okay. to rock this up. son drain was saying a huge shift tear out way. and how do you think this shift is going to change the balance of power? how's it going to affect the world g, a politically, to really well completely change the balance of power and some of the work that we've also been doing with the energy transition commission, you know, shows very clearly now that as i said, our dependency on renewables coming from china, our dependency on minerals coming from brazil, africa will mean that these will be the new energy players. but i think it's really important. we are at a tipping point here. we've seen the growth of renewables. we've seen the growth of the energy transition, and yet we're being told by energy producers recently, the fossil energy producers that they're pulling out of their renewable investments . and this is incredibly problematic because it's actually giving
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a signal to the investment community that renewables are starting to get frozen. and that is meaning that actually private capital is not going to flow in the right direction. so i think it's incredibly important now that are leadership across the globe continues to stand behind a renewable energy transition. but as mohammad said, we have absolutely no choice. this is a planetary emergency, we're seeing the impacts of climate change across the globe as we speak. and so this is the time not to be fearful of a shift in geo politics. but to think very clearly about what that might mean in terms of impacts, a new relationships, a new partnerships that we need to build so that we can truly all co create this transition together. and that will depend on the real courage and the bravery of our leadership right now. not to start back tracking because they're fearful of the cost because we've seen, as mohammed said,
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and as we've seen through all of our analysis. but the parity now is here, the costs have gone down. it is the moment to shift strong message from both you visa critical times as andre convicts in the class. i'm having to go. thank you very much. i thank you. of course we'll breed the same map and pollution is a universal problem that can lead to serious health issues. but money can play an important role in people's exposure to clean the rich people have the results has to manage pollution and purchase purifies among other products. the real estate market is tapping into that potential, but the environmental inequality is not just between households. the quality of that also differs from locally from one street to another, and internationally between countries. it wouldn't come back as this. lena is the most basic necessity for human life, but even this is not available equally. in europe, the air is getting clean
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a while inside inside east asia, pollution is increasing. adults to $6700000.00 air pollution associated tests per year. the majority of them are in asia and africa. this is driven by a range of things from different ways to generating energy and also our global system. that means that lots of these countries are producing products that are sent to the causal north and must be a countries and as ation emission and missing transportation and agricultural methods like binding of crops or other factors. but there is also inequality within a city street to street, or even between high folds. people with lower socioeconomic status tend to leave you now. yes, we die your levels of traffic for example, that are close to into select communities, work conditions. you have a much more likely from the ability to work outdoors if you are a poor person or in places that affected by your pollution. while a person on
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a low income may need to cycle to what exposing themselves to pollution, a person with a high income can use an air condition call, as they would also like to have air conditioning or app your fires in their homes. while people are very loving, comes, may not even have gloss in the windows. and cooking is a major factor with 2300000000 people around the world. only being able to afford using heating message that all creating pollutants in their own homes. like open co fi as well, kerosene. in fact, real estate developers has begun offering cleanup as a feature. and some new apartment blocks have advance feel tracing systems built in . in the us, these homes are at least 20 percent more expensive than the equivalent with arch. all those studies show that in the us divisions are not only alone economic lines, but also racial. if your black to african american person in north america,
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you are exposed to one and a half times the amount of particular rest of that you might be exposed to. if you're from a different community or the population as a whole. according to experts tackling and pollution each policy change on a global, regional, and national level, rather than potentially exacerbating inequality bubbles of clean a imaging, kimber, which is 0 for counting the cost. all right, let's get into this now with the up here. bhalla who joins us from new delhi. he's an environmentalist and youth advisor for the come. well human ecology council. well coming to account and the costs up here, tell us more about the side growing business. have been boy equality and just how big the mock is. the banks date to be here. well, uh, you know, that is definitely uh, doing market shot or indoor air quality. uh, when it comes to clean air because, you know, the several effect of savings is whether it's the city out or,
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but you shouldn't, that we see the indian and the rest of the northern can genetically in india. and in done this, the, you know, this, the ocean dies, has concerns built in the chart them and the long don't. and of course, you know, after cool that we seen that people have become more aware of the importance of l, the environments. people are more aware that you know that the can be transmission risk even the bone and of course, you know that there is a box that is being generated today around the fact that in days want us to most of the you did. countries in the world when it comes to equality and you know, let's talk numbers. i mean, if we look at it in the way a quality, the a quality insight homes, especially during the window was found to be 15 percent was then the, i would say, ok, you know, they started. so the that's, that's a big figures. and so is this technology isn't good enough to deal with that kind
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of problem? there is technology, but as you know, video also pointed out it's in accessible to most people get an 80 to 90 percent of the gas. they exempt who cannot afford unnatural def file, because that average household income for the month would be about $20000.00 with is even the cheapest that the fire costs at um 50027000 bees. so how long do you think it'll take for this technology to trickle down to the poor communities? well, at least a couple of years, and i don't think the, the solution lies only in the technology, right? that needs to be a systemic change when it comes to the enforcement of policies. you mean? yeah. and the rest of the developing work, the he to load emissions all the time and he talks about that, but usually so, so we need to have that shift towards public transport between hydrogen. so the solid oxide to your question is a minimum of 5 to 7 years. but again,
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the answer is not just in the technology, but also in, in the enforcement of, um, you know, public policies and tools. and how far is the indian government down the pulse of making that shift of, of making the transition to renewables at $1520.00, which we hosted in october of last. still we committed that we were to put renewables by 2030. and i'm proud to say that we will on fact to meet, that's all good. but at the same time, i think that our majors, which are being taken up by state governments as well as the central government, which all of us and i, i was just, i may call it that. for example, we have a outdoor and go to vacation systems which are being tested in dante's of the last couple of years. but that in your one of those studies that see that, you know, with, with the quantum advantages that you shouldn't be as high as it is something like an hour to add to other fires simply in effect to blame. so we also need to make
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the safe from talking about the fact that the government is introducing changes to actually having grown lever action to both tangible sinew sions, yeah, of course the breathing clean air is a human right. isn't there? how can we ensure that people across the world, poor people across the world have that human right? that is more accessible to the rich? well, the 1st, the 1st part is eliminating it at the so let's say we need do with the house orders . we have the main source of indoor air pollution is cooking fuel or whether it's kerosene, whether it's whether it's cool, right? so we need to ensure that green or cooking fuels, whether it's l p g, whether it's a bio gas, is being supplied within the house, is maybe moving to solar, to close or induction because of and then eventually altering and showing that access to the email that is provided by providing households and then by providing
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clean i appear to be using systems within those house orders. and i'm proud to saying that there are several indian start ups to the um, such as, as that such as drawn, which i work in the affordable solutions backs back up to the csr to make, uh, you know, clean, add more accessible uh to several sections of of uh, february, economically because sections of society and is their costs are roll for develop nations to sump pump that long promised cash to help developing nations improve at quality? absolutely, i mean we saw the top 28. i was there on the drum of the $100000000000.00 beans and most $100000000000.00 commitments have to be me. met in 2019 but it was only implemented as needed is 2023. 2 so they've got, you know, we, we need to ensure that we're putting our money in actions. and by our, i mean, you know, to the developer needs to ensure that, that actions and money is with the amounts of that. but at the same time,
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i think several good solutions are being introduced, such as, you know, this is called plenty and we saw the, the clean up the hands in climate data which was fast. unfortunately in there was not a signatory to that. but that is definitely a step in the right direction to acknowledging her. busy things like it, but you shouldn't contribute significantly to words you know, did you? did anything have good to have your thoughts up here? i've had all of that. thank you. and that is all sharing for this week to get in touch with us on x. pull me down as to what to clock out jobs and do use the hash tag a see to see when will drop us an e mail coming? the cops dot 0 dot net is our address of pay more for your online job 0 talk. com slash ctc, that'll take you straight to our page, which is reports. i think some charts you to catch up on that's it for this edition
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of counting the cost on the clock. the whole team, thanks for joining us. the news without 0 coming right on the hundreds in the millions. stephens, pines does the delicacy value just as highly bike hotels in the mafia. price per kilogram is equivalent to several different shrugs with exclusive access phone lines, joins the environmental. prosecute is turning the tide on the criminals, exposing the list of the world of wild life trafficking and its devastating impact on the planet oceans. the shocks and hunters on al jazeera, the
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alger zeros here to report on the people, often ignored, but who must be hurt. how many other channels can you say? we'll take this time and put extensive followed into reporting from under reported areas. of course, we cover major global events that are passion, lives and making sure that you're hearing the stories from people in places like how is fine with the young man regions. and so many others. we go to them, we make the effort. we care strict interrogate the narrative. there's no question about the united states is effectively complicit the genocide challenge the rhetoric. yeah. think that correct, but so is the international community upfront only without
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the i says it's viewing positively a space 5 proposal announced by us president joe biden to en israel's will on costs and roadmap jersey spar release of all the money by you. this is all just their life from joe hall. so coming up, injured and alone, we have a special report on causes. children, if and by the will.
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