[000:00:00;00] the the the, the follow i'm 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. fossil 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 cause that is strengthening the palestinian economy, as well as agreed to allow its banks to co operate with the 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 transition to clean energy that it seems unable to tap into it's good fortune. we'll take a look at why that is the it is spans, was natural disaster in 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 of approval that $11000000.00 in loans and bronze to help storms and floods, victims, but many spaniards are outraged by what they say is the slow response to the crisis of the 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 did. 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. last. there was no warning in 20 minutes. everything was covered in water. 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 rack hold funds moving over the waters of the mediterranean, caused atmospheric instability leading to exceptionally heavy rain for another example, it says that extreme events caused by climate change. all these say on controlled and development of the valencia region contributed to the scale of the flooding. that's been a lot of urban development people moving into the area, a huge population that speaks in some places. as a lot of these changes to the way that the cities function mean that the more people are at risk, you are paying commission president as you live 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's of the most spain. this is the drum metric. reality of climate change. and we must prepare to deal with it on across our union. spanish authorities have released emergency funds to begin repairs to rhodes, railways, and other infrastructure. but total reconstruction costs are, exp did be staggering. spain's 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 adair to find out 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 sheriffs, chair of environmental employment policy at the technical university of unit, could tell you what 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 into linked 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 saw 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 e u r e, you states taking the threat of climate change seriously and how far they investing enough in preparedness of the you 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. but 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 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. and 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 of 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. that's more of a sum of money and the floods in spain are going to be astronaut, 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 route 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 earlier in other places in

europe. so yes, we need to rethink how we invest so that our investments are done to better prepare against these costs, which will significantly rise as climate change continue as a pace talk to it's been really good to have you on counting the customer out of many thanks and date for being with us. thank you so much. i israel as well on guns as 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 supply is really so just and subtle us 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 under 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 one of the moving classes and one of the regions, economic collapse, finsen on ripples house and 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 of 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 of

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 avionics ation of the west bank and continued south of the 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 visa them in building a legalizing. the settlement already built there in a rare joint statement. us x ray of state antony blinking, and us treasury secretary, janet yelling called 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. how does era for counting the cost from ramallah with joined by roger asked the lady who's 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. they continued to, there is boasting, and swift there's. is there a direct coast in banking relations to press the world,

but that, that uh, those transactions on your account or a small, relatively small percentage of the total transactions by side of the post in any time. so compared to the $1312.00 to $13000000000.00 a year of trade, the 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 the hands of cutting off would mean pushing the posting in our economy to the extent possible integrator trade and financial transactions was with george through jordan with the rest of the world, the goal, the etc. so this is part of one of the, you know, one of the critical impacts that this is 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. and the other 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 the 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, you know, 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 and the occupied palestinian territories in terms of trade every, every how much is, is not trade, right? trade trade is about 5000000000 clearance revenues. either the tax id is 0

transfers in the form examples to the post in florida on, in boards on trade is another 3 years approximately $1000000000.00. and then up till recently you have another or are there about 1000000000 of where it was a income from working. all right, all right, so that's around 12 and 13. and i think the 13000000 was mentioned in the 1st letter of the 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 to extend it. i mean, it's around just to has as much to lose as the occupied to westbank doesn't that as well. so far as you know, so far, this is graded, a great degree of marketing, certain dates and, and, and as i mentioned a burgeoning but a emerging blackmore and a y degree of cash of, of, of shifting to cash. rather than then find out, you know, banking

a transaction. now for us it's a bit, it's a major challenge. always because of, you know, the cycle. here's the main currency, i'm sorry for israel. i don't think they see it currently as an economic issue. well, 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 controls. the west. uh, okay. and its, and its ability to contain any sort of separation. now this move part, optically the power has been, you know, experts and the b 8 has been calling for many years for what about this engagement from the colonial dependency on the start of the economy. and you know that it entails lots of investment in productive capacity and changing your, the direction of trade, federal which hasn't happened in a major way are optically, israel is now forcing that separation to proceed. so you know how it will take shape. it's going to be a very already is, is by spread,

employment has not picked up in the wake of a year of their number of critical a pressure is 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 conduct in cash between palestinian traders or borders it is rarely and forms. 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 you roger. many thanks indeed for being with us of israel's war on guns. and it's quite offensive in lebanon, have weakened its economy, the cabinet is approved. it's war time. bunch it for next year, marking a shift in priorities. the $163000000000.00 plan includes increasing defense funding, causing spending and hiking texas. but some opposition leaders have criticize the budget for maintaining fund this the religious nationalist cause is they say the

move is meant to appease private as to benjamin. nothing. yeah, who's find right, coalition members, and it does a little to boost growth. a russian course 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. that will be asleep significantly more than the 2 trillion dollars that google is with russian media outlook obviously says 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 china wants to own the whole 2000000 lift. so elevates is an aging, a pump, and blogs as the residents also grow older, but the nation is struggling to find money to fund the project. authorities are offering only partial subsidies of the pushing tenants to cover the costs. some lift manufacturers have said they will pay for the installations and recoup

expenses later from residents. the lists equipped with face kind of 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 results could potentially transform the economies of many african nations. despite that will been 600000000 african people have no access to electricity leaders. and 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 early. this month, during african energy week, the largest gathering of energy stakeholders on the continent was aimed at signing

deals and 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 continent. separate they 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 areas i'm gonna address reports. attracted by cheaper fuel, more nigerian motorist making the switch to compressed natural gas. looking at the costs of petrol in mind. you out today. it is not not book that's friendly to be running my car on petrol. and that's the reason why i switched to c n g saving and

guessing he says gibson, the opportunity to spend more on for your lesson to obviously use this conversion center. one of 2 operating in the capital level you'll, you'll be able to have copies of using mortality for us. all right, so you have, you have functions you off the button to choose which off where you want to use that yours declare 2020 to 2030 advocate of gas expending it's gas infrastructure loss one year we'd, we'd be able to track by ourselves about $250000000.00 and direct investment. this investments have gone to the increase increments in the number of conventional st as it used to be just 7 of them. today we've identified 100 and states in the country. concerns about see and do. safety is holding a lot of night, jet and motorists back despite the shoulders by government this. this site is us, the universe, the energy gas explosion. recently nigeria, the government seems to have 1000000 vehicles which will feature to use compressed

natural gas by the end of 202500000. also v crews have. so if i make the switch possibly 50000000 also because currently on i didn't rhodes' office just say the fuel will eliminate many on the pick or supply telling just looking for some genuine for decades, all the conversion to c and g slowly gaining traction something i get into an entirely happy and we have to queue for like i've been on coupon without us, which i've used the productive i. so i want to do to come on to, to others. i worried about the cost of retrofitting a vehicle which ranges from $500.00 to $2000.00. if you take a lot of funded a lot of support also from government in governmental ready to put in the 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 our 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 gas installation will 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 cruise, the executive chairman of the african energy week and the executive chairman of the african energy chamber puts heavy with this. and j. y 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? as we have content today is 600 video. now if it goes without access to electricity, $900.00 without access to think, we can pick now use most of them when we are facing their financial crisis. when he comes to find on the be renewables or natural gas, developing financing and investments into energy energy infrastructure are really

driving up and then people been has been almost credit card need right now. that's why we stuck in an image of crises as we speak today. not forget, should africa be able to exploit it's vast fossil fuel reserves over and above agreed emissions targets should, should africa be excluded of cost? i think i should be excluded. i'd bring how's gas emissions are less than 3 percent . we are not the costs of the climate crises, but we have a critical need for energy in the constitution. you cannot do got to content with this much need on a lot of people that are still trying to cross and maybe carry input dropped in europe. i don't get to make 5 and chance. i know what to use here with so much abundant natural gas. so much are you? there is no need for africa to a band or use resolve. that's why most african countries are establishing a drill baby drill energy policy, because this is time for them to groups. yeah. results has to be able to live to the people at the same time, bring any renewables,

each one and they just use them because we started buying our re issue is all of the apple. and we need to have and it could make some use content. and that's what you see it right now when it, when it comes to renewable energy, what are the challenges in financing it? does it need international passes to help transform renewables in, in africa and renewables use? or is it something that it can do a lot of 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 products are going to countries up to create nibbling environment, to attract more investment. because you can do this on your own on energy band is so important right now, because it's going to be a transformational bank as we're on the field. and it's going to fund a lot of renewables as we do things also. but most importantly, you have to always paid attention to where those points are coming from. we bought

$300000000000.00 spent globally on renewable give world in just about tree $1000000000.00 came to the african continent. most of the h away engineering companies are very low to getting to african come companies that has a change. we have to turn that around, so that's why it is the need for african funding to really drive the car. we have the song, we have the mean, but sometimes the sun wouldn't roll for ever. the wind wouldn't shine fam, your song, which trying way about the win win model for ever. you might be natural gas doing something 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 walk along with getting 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 to talk to your account of the cost manufacturing day for being with us. um, but i'll show for this week if you'd like to comments on anything that you've seen . i'm at a finnegan on x twice. we're going to to use the hash tag h a c t c. or you could drop us a line counts in the cost of our 0. don't that is the email address as always, plenty more, few online, but i'll just do

a dot 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 that the and there will come a time where no amount of dollars will be able to make up for what is broken activists making that boise how many disasters do we need to start taking action in the fight against the climate catastrophe this generation is trying to save the world. we are in an emergency right now. when you do the much destruction you're gonna face the consequence. nature is then dying of now or never on how to sierra

palestinians who are expelled from their nuns in the neck. of 1948 still don't have the rights of return today is that the land was extorted and settlements were built . one, which is 0 world goes back with young, good old palestinians to re discover their ancestral homes. why doesn't my grand parents stay here? why aren't i here? return to palestine on al jazeera, the colleges here with

the there's no limit to how a dream continue to study in your own event, you know, counter and things the . ready ready the city of japan and not to nations, demands. israel allows more agent to gauze as fast as grove and eminence from in the carry johnston. this is i'll just hear a lot from the whole set coming up is ready driving hits, tenants and the make shift camp and central guns and children are among the victims . justice for victims of great us co towards $42000000.00 to