or station, an unforgiving climate change. a young indigenous leader makes bone plants to protect or village fire beneath a witness documentary on just the other line, adrian said again, this is counting the cost on. i'll just say right here we can look at the world of business for the comics this week. the scale of the damage cost by spain's floods is set to be in calculable. cost is whether it's solely to play into the devastation of what is the lack of preparedness for climate change. also to play well on costs, stranding the palestinian economy as well as agreed to allow its banks to co

operate with palestinian ones. but we'll extending the lifeline for just a month to make any difference of africa as a bundled energy results. as could transform economies on the concepts. they can also help the wealth maker transitions between energy that it seems unable to tap into its good fortune. we'll take a look at why that is the it is spans, was natural disaster and recent history and some scientists are linking it to global warming. devastating floods across the eastern region of valencia have destroyed roads, railways, infrastructure, and businesses. and they've covered entire towns with month recovery efforts are still underway with the nation's biggest piece time recovery operation. but the total cost is expected to be enormous. the government did approve it $11000000.00 in loans and drives to help stones and flood victims. but many spaniards are outraged by what they say is the slow response to the crisis of

a lack of warning in advance of the flooding. the criticism is extended to the rest of the european union with concerns about the blocks preparedness for climate change. victoria k to be ripples the stage deadliest floods in decades. of course the country, the hundreds of people have been killed. hundreds of millions of viewers and needed to rebuild the devastated region. in one area of valencia years worth of rain fell in one day. no. see, there was no warning in 20 minutes. everything was covered in walter valencia's regional government sent out a text message wanting residents of the stool. 8 hours after the 1st glance were reported, it was too late for many who found themselves trapped in low line home shops. of roads that were quickly overwhelmed by rapidly moving flood waters. i see they've got this perfectly and it's just catastrophic. it was like a reservoir here. there was no way to get rid of the water. it's terrible to cut

out stains where the department says a rec hold funds. moving over the wall moved is of the mediterranean coast, atmospheric instability leading to exceptionally heavy rain for another example. it says of extreme events caused by climate change, all the say on controlled oven. development of the valencia region contributed to the scale of this logic 15 and lots of urban development people moving into the area a huge population densities and some places. that's one of these changes to the way that the cities function mean that the multi costs are risk. you're paying commission president a should've on july and says what happened in spain highlights your ups unpreparedness. the climate change in just a few months. flats have hit central and eastern europe, it to the most spain. this is the metric reality of climate change. and we must prepare to deal with it all across our union. spanish

authorities have released emergency funds to begin repairs to roads, railways, and other infrastructure. but total reconstruction costs are exp, it seems to be staggering. stains prime minister said outside help is needed. that means you for them. ok. so we are in communication with the european commission and we've become the procedures to request aid from the european. so a dare to find out what the use of, of the community support resources from the european union. the government says, all the resources of the state will be directed to valencia to help people rebuild the shafted lives. but many here, angry at the slow response to the disaster and trust is in short supply, victoria gates and b l g 0 for counting. the cost. joining us not from munich has talked to the rental sheriffs, chair of environmental and climate policy at the technical university of unit continue with this. miranda was climate change while the regional government in

valencia to blame for this, the shift scale of this disaster, or maybe even the national government in madrid. how the 3 intellect. certainly climate change played a big role. we've had years of drought in spain followed by a year's worth of rain in a day. and so you know, that just couldn't absorb that water. but at the same time, governments need to be prepared for what's coming with climate change. and that means the need for a very rapid and effective early warning systems, sirens, communication messages that happened before the flood hits and not after. we've seen the same problem elsewhere, also in germany a few years ago with the river catastrophe. the same thing happened was too late, that the warnings came out, so it's a european problem. and within spain, we just haven't seen enough attention being given to the need for redesigning our

urban communities that are growing so rapidly to deal with these southern kinds of rains. we need sponge cities that can absorb the water and not just have that water flowed through paved cities where there is no way for that water to be channeled to the sea without flooding entire cities. and what about the, the why the a u. r e, you states taking the threat of climate change seriously and how far they investing enough in preparedness, of the use certainly has climate change height on its agenda. it's this established many different laws to try to change the causes and, and reduce the emissions coming from greenhouse gas, burning climate adaptation is another part of the picture. climate adaptation means getting prepared for the changing weather conditions that we can expect in the

years ahead. that means periods long periods of drought means periods of heavy rains. it can mean very strong storms with super high winds. and all of this requires us to rethink how we can make our cities in our urban infrastructure more resilient. we need to be prepared for mother nature, letting out its fury and um, being prepared to deal with that as best as possible. and that means everything from the rethinking infrastructure design, working better with nature. we've removed nature from too much of our, of our urban areas as well as from the rural areas for us to have been a decimated. we have taken away the natural flows of rivers. we need to re think how we live with nature rather than living against nature. what about the cost of

all of this? miranda, who pays, who compensates those of us who are affected by climate change related disasters in spain, it's the natural disaster insurance agency is beginning to compensate victims. what does it mean for insurance companies and how much money governments have to set aside to compensate people? so that they can rebuild you know, the costs are enormous and they are climbing the european environment agency put out a report last year that shows that just in the previous 2 years. the costs, the damages cost from natural disasters, linked to climate change are almost equal to the entire economy of hungry for a year at norm, a sum of money and the floods in spain are going to be astern unlikely. expensive insurance companies cover a part of those costs,

but much of the cost is not covered by insurance companies. and that means that people are either left on their own or the government has to come in and help. and governments are already overburdened with so many costs. and so this also goes back to your question about planning. we need to be doing longer term planning. that helps us think about what kinds of investments are being made so that we've become more resilient. because if we don't, we're going to have the next slide and we're going to have the next drought, and it's going to cause massive damage. and of course, that affects the lives of people that affects the farmers that affects the cities. we've seen the said, said desk that occurred in spain and earlier in other places in europe. so yes, we need to read think how we invest so that our investments are done to better prepare against these costs,

which will significantly rise as climate change continues apace. talk to it's been really good to have your own counseling the customer out of many thanks and thanks for being with us. thank you so much. i of israel is war on guns, has plunged the strip into a catastrophic humanitarian crisis. the economy in the occupied westbank seen as the core of any future kind of city and state is also suffering a tax bias where the soldiers and settlers, as well as roadblocks and making it difficult for palestinians to move around and work in the occupied territories. meanwhile, around 150000 palestinian workers have been denied entry into israel to work on the pressure from the us as well as finance minister has agreed to extend cooperation between israeli and palestinian banks. the wave will allow the palestinian authority to process shackle payments for services and salaries, but for just another month, washington says the move creates another moving crisis and one of the regions

economic collapse, finsen on ripples housed in, in workers. and israel used to bring much needed cash to the occupied westbank. they made up an estimated 22 percent of the workforce before the war and gaza began last october. but since israel banned their entry, they barely make up 2 percent according to the international labor organization. in the same period, g, d, p in the occupied westbank has dropped by almost a quarter, and unemployment a sort, almost 32 percent. another obstacle facing the economy is that the post and in the far he does not have its own currency. it uses these rarely shackle policy, and banks are forced to rely on there is really counterparts to process transactions on a one month extension to an agreement allowing is really banks to cooperate with palestinian banks was recently signed by israel finance minister beds, a little small fridge but only hours before the deal was due to expire, its motors and priority has always been for linux avionic station of the west bank

and continued suffering a building in in the west bank. so he wants to have the finances and the tax revenues as a card that he can use in exchange for a license from the government to continue sectioning, the supplement building and legalizing the supplement already built there. in a rare joint statement, us x ray of state as need blinking, and us treasury secretary, janet yellow and cold for israel to extend the deal by a year. they said, unfortunately, the very short term duration of this extension creates another looming crisis by november. 30th, exacerbating uncertainty for international banks is really companies operating in the west bank. most importantly, for ordinary palestinians who bear the greatest brunt of such uncertainty in the occupied westbank. it's difficult to miss the devastating economic impacts from the war. people say every day of the complet continues,

it adds another burden. one, they may need decades to recover from benton monahan al jazeera for counting the cost. from ramallah, with joined by roger asked the lady who was the director general of palestine economic policy research institute. good to have you with us. the palestinian territories were ready during economic fruitful according to the will bank. what would happen if palestinian banks remain cut off from israel's financial system? are they still able to do business by international banks? yes indeed they are. um they continue to, there is a post and in swift there's, is there a direct post in banking relations to press the world, but that, that those transactions only account for a small, relatively small percentage of the total transactions. let's say everybody has been any funding. so compared to the $1312.00 to $13000000000.00 a year of trade,

a tax revenues that are transferred to the government workers remittance is that that's the number the level you have until october 7th, last year. uh, compared to that, the transactions with the rest of the router and the small, you know, one or $2000000000.00 and hands cutting off would mean pushing the posting in our economy to the extent possible integrator trade and financial transactions was with jordan through jordan with the rest of the world, the goal, etc. so this is part of one of the, you know, one of the critical impacts that is this the decision. this is order for this waiver is not renewed. the sort of impacts they were talking about or, or multi, multi, multi level. yep. that is only one. it's, one of them is, is the reorientation of trade. another one is, is the financial ization of the economy. and the other one is the cash uh,

black market. uh that will, that has actually already started taking a phone shape in foreign exchange. so i mean, you know, it's one of many of several sanctions, the smart rich, but let's not over personalize. this is really government under prominence, significant. yeah. oh, with a very appropriate amount for all of this 30 possible financial rush, or you alluded to it and in your answer that but how much money crosses between israel and the promised in the occupied palestinian territories in terms of trade every every how much is is that trade where a trade trade is about $5000000000.00 clearance revenues either the tax id is 0 transfers in the form of shuffles to the post in florida on in boards on trade is another 3 are approximately $1000000000.00. and then up to recently you have another, or there abouts 1000000000 of work has a income from work. all right,

all right, so that's around 1213. and i think the 13000000 was mentioned in the 1st letter of g 7 when they wore smartgate. so, so kind of either economy or for the continuation of, of, of this if, if the wave isn't extended. i mean, it's around just a has as much to lose as the okay, if i westbank doesn't that as well, so far as you know, so far, this is great. a great degree of marketing certainty and, and, and that, as i mentioned a burgeoning but a emerging blackmore and a why degree in the cache of shifting to cash rather than the, uh, find out, you know, banking uh, transactions. now for us, it's a bit, it's a major church always because of, you know, the shackle is the main currency and circulation for years or no, i don't think they see, it currently has an economic age. you know, economic relations is going to be an issue since 94 haven't been basically

a security file, which is really, you know, part of the security file in terms of israel's control west. uh, okay. and it's, and it's ability to contain any sort of separation. now this move part, optically the power has been, you know, experts and the 8 has been calling for many years for what about this engagement from the colonial dependency i'm use currently economy and you know, that entails lots of investment and productive capacity and changing your, the direction of trade central, which hasn't happened in a major way, are inductively. israel is now forcing that separation to proceed. so you know how it will take shape. it's going to be a very, you know, already is it is widespread. employment has not picked up in the wake of a year of their number of political pressures building in this economy. but ultimately, if israel wants to play that game, it's going to pay as well because whatever trade will remain between israel,

most likely now we conducted and passed between both as the indian traders or borders it is rarely inquiries. and that of course will create major headaches. in these early economy, which is moving towards the castle, is like a transactions for the last years. really good to talk to roger many thanks indeed for being with us. but of israel's war on guns, and it's quite offensive in lebanon. have we can it's economy, the cabinet is approved. it's war time. bunch it for next year, marking a shift in priorities. the $163000000.00 plan includes increasing defense funding, causing spending and hiking texas. but some opposition leaders have criticize the budget for maintaining funds to religious and nationalist causes. they say the move is meant to appease prime minister benjamin netanyahu as far right coalition members. and it does a little to boost growth. a russian cause has demanded the tech giant google pay around $20.00 the cillian dollars. that's 24 by 33 zeros most of all the money

in the whole world. and obviously significantly more than the 2 trillion dollars. but google is with russian media outlets. obviously, as the fine is the total amount demanded by 17 russian television channels and other media outlets whose output has been blocked from youtube. the case started in 2020 it escalated off to russia's, is may invasion of ukraine. 2 years later the, the china wants to overhaul to 1000000 lift. so elevates is an aging of pump and blocks us the residents also grow older, but the nation is struggling to find money to fund the project. authorities are offering only partial subsidies out of pushing tenants to cover the costs. some lift manufacturers of said they will pay for the installations and recoup expenses later from residence. the lists equipped with face scanners charged residents. a small fraction of a dollar per ride. africa is a wash with big oil and gas discoveries. the confidence solar and wind energy is

abundant to the reserves could potentially transform the economies of many african nations. despite that, more than 600000000 african people have no access to electricity. leaders are now trying to attract funding to help turn the energy fortunes into revenue. but multinational institutions on putting money into fossil fuel projects in order to help fight climate change the investments by western companies, us gas and corruption, is hampering the confidence development. african leaders discussed ways to end energy policy on the consummate by 2013 cape town. earlier this months, during african energy week, the largest gathering of energy stakeholders on the continent was aimed at signing deals of attracting more investments. african nations say they should be allowed to exploit the oil and gas resources because they hardly contribute to comp and emissions currently. meanwhile, a coalition of oil producing african countries is taking $5000000.00 to launch

a so called energy bank to fund projects on the confident, separately soaring petrol prices are pushing nigeria and drive us to switch to natural gas. the government set a target of $150000.00 vehicle conversions by the end of the year. but critics question the cost of the shortage of petrol stations that offer the alternative fuel, even in the countries major cities i'll just here is i'm gonna address reports. attracted by cheaper fuel will not get in motorist making the switch to compressed natural gas. looking at the cost of presto, remind you that today it is not in the book that's friendly to be running my car on petrol. and that's the reason why i switch c n g saving and gasoline. he says gibson, the opportunity to spend more on for your lesson. the obviously is this conversion center one of 2 operating in the capital level you'll, you'll be able to have

a couple of minutes of using mortality for us. all right, so you have, you have bunch of jobs and the bucks to choose which off where you want to use that juniors declare 2020 to 2030 advocate of gas expending its gas infrastructure loss . one year we would be able to track by ourselves about $250000000.00 in direct investment. these investments have gone to the increase increments in the number of conventional st. that's used to be just 7 of them. today we've identified one on, on and facing the country, concerns about c and do safety is holding a lot of knowledge and motors back despite the shoulders by government. this is us the universe, the energy gas explosion. recently nigeria, the government seems to have 1000000 vehicles which are feature to use compressed natural gas by the end of printing print to find a 100000 or so v crews have so far mr. sweets product will be 20000000 also because currently when i did an rhodes' office, just say the fuel will help eliminate many on the federal supply telling just

looking for some genuine for decades, all the conversion to c and d slowly gaining traction. something i get into an entirely happy, so we have to pay for like a beat on q for more than city, which i've used to productive. so i want to do some others. i worried about the cost of retrofitting a vehicle which ranges from $500.00 to $2000.00. if you took a lot of funding, a lot of supports also from government in governmental ready to put in that support . the government says it's working to resolve that. we have seen a progressive expansion from what used to be to where we are now expanding the footprint shore additional states. now judy has $206.00 trillion cubic feet of gas . domestic utilization is very low. in some cases, their souls is simply flat. the government hopes, deepening, domestic guessing to legislation would reduce local demand for petroleum,

which can be exported for forwarding exchange. how many degrees? i just gotta make us joining us not from cape thomas, n j i a cruz, the executive chairman of the african energy week. i'm the executive chairman of the african energy chamber puts heavy with this and j. why has africa been unable to tap into its vast energy resources and bring energy security to all of its people? what's holding it back? we have content 2 days, 600000000. now if we don't have that access to electricity, $900.00 without access to think of the technology as most of them we, we are facing a financial crisis when he comes to find on the be renewables or natural gas people up in financing and investments into energy our energy infrastructure are really driving up and then you develop and has been almost credit card need right now. that's why we stuck in an image of crises as we speak today, not forget, showed africa be able to exploit. it's vast fossil fuel reserves over and above

agreed emissions targets should, should africa be excluded of costs? i think i should be as good as greenhouse gas emissions are less than 3 percent. we are not the cause of the climate crises, but we have a credit card need for energy in the content. you cannot do got to content with this much need on a lot of people that are still trying to cross and maybe caring and put drops in europe. i don't get to make by the chance. i know what to do here with so much that bundle, natural gas, so much are you. there is no need for africa to a banner. these resolved. that's why most african countries are establishing a drill baby drill energy policy, because this is time for them to groups resources to be able to live, to the people at the same time, bring any renewables into one energy system because we started buying that re issue is our of the apple and we need to have an energy mix of use content. and that's what do you see it right now when it, when it comes to renewable energy, what are the challenges in financing it?

does it need international processes to help transform renewables in, in africa and renewables use, or is it something that it can do a lot? what do you think of this? this idea to set up an energy bank to fund energy projects in africa? a cause i forgot to use it in collection of products, once welcoming collection of part of african countries have to create an empty environment to attract point investment. because you can do these on your own and your band is so important right now, because it's going to be a transformational bank as well on the field. and it's going to fund a lot of renewables as we do change also. but most importantly, you have to always pay attention to where those funds are coming from. we've had $300000000000.00 spent globally on renewable people. been just about $3000000000.00 came to the african continent. most of the angel international companies are very low to getting to african come companies that has

a change. we have to turn that around. so that's why does the need for african funding to really drive that? because we have this song, we have been wayne, but sometimes the sun wouldn't roll for ever. the win wouldn't shine fam, your song, which china way about the win win model for ever. you might be natural gas doing some you can see under based on. so we would have to do that, i would have to point to a lot of that ourselves. why was when we get enough, but not to continue that funding? it's free that we need planning. people have been in the continent, and today it's been really good start 0 county, the cost manufacturing, pennsylvania with us. um, that's our show for this week. if you'd like to comment on anything that you've seen, i'm at a thinking on x. try to remember to use the hash tag h a c t c. or you could drop us a line counting the cost of our 0. don't net is the email address. as always, there's plenty more few online, and obviously i don't. com slash ctc, that takes you straight to a page and then you'll find individual reports links at a time episode excuse to catch up. but that's it for this edition of counting the

cost on a tree instead of going from the whole team here. thanks for being with us. the news on our 0 is next to the the synagogues president bussey origin. my father has called for a snap legislative election on november 17th. his a 2 in a parliamentary majority of willows in embraced his plan of reforms including fighting corruption. but can the new leader bring political fidelity to his nation? stay without 0 for full coverage across the globe. ecosystems under administering to this later started moving back, it started melting all that is something deeply wrong in the scrolling test that we cannot create us. why 6 blues have the lower is beginning to hold multinational to account or connected s neighbors by those images. and how the idea is giving nature equal rights is also in our relationship with the planning. this is what is sort of

a house. it's about ensuring that like when executing the planetary justice on now to sierra to store strong willed, challenging, traditional female stereotype in the middle dominate, decide to make a difference. if i go a loophole in how some of these with the will to is highly contaminate to live in the class, the risk in it all out is there, the pilot size is like this will be we have only 10 minutes to take our belongings and leave the office so they can shut it down for the victory for the government. get this one of those containing refugees coming the actions of israel's government, the military and taken as been described as the closing of

the gym please. um, such as the un climate conference is on the way this year on track to become the we missed on record. the by my name's by this is out, is there a life from the also coming up on a top corner refuge account and central golf that kills at least 20 palestinians. all these really all me once again shells the hospital in gaza, prussia and masses. thousands of troops on the border regions of cast to retake areas seized by you crate. the plus sign administration take.