tv Business Today BBC News October 9, 2024 11:30am-11:46am BST
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we'll speak to the head of the international energy agency. elon musk backs down — his x service is back online in brazil after paying hefty fines and abiding by a court order to block accounts that spread misinformation. and nordic wine — how climate change has uncorked a growing business in scandinavia. welcome to business today. we start with climate change, and some good news about the world's renewable energy capacity. a major new report by the international energy agency says that renewable energy — from sources such as wind and solar — is on course to meet almost half of global electricity demand by 2030. the iea expects
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5,500 additional gigawatts of renewable capacity to come online between now and 2030. that's more than the current power capacity of china, the european union, india and the united states combined. china is leading the pack, responsible for 60% of the additional output. and solar is winning the renewable race, making up 80% of the forecasted growth. but electricity infrastructure is not keeping up. up to 10% of renewable energy is going to waste because it's not able to be stored at times when more is being generated than needed. for more, joining me now the iea's executive director, dr fatih birol. this is a rare piece of good news and shows what can be achieved
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when a real effort is made. it is extremely good news for everybody, i would say, almost everybody, i would say, almost everybody around the world, because renewables are growing very strongly and there is huge potential for them to grow, and the main driver of this is very strong, massive growth is not necessarily climate policies. it is mainly because they are cheap. for example, solar power is today the cheapest option to build a power plant almost everywhere around the world. so is wind. as a result, we see around the world all countries are seeing major growth of solar, wind and other renewables. for example, this
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year, of all the power plants installed in the world, 85% are renewables, 5% nuclear power, 10% all fossil fuels, renewables, 5% nuclear power, 10% all fossilfuels, coal renewables, 5% nuclear power, 10% all fossil fuels, coal gas and oil. and economics is the main driver here. 50 and oil. and economics is the main driver here.— main driver here. so there is real hepe — main driver here. so there is real hope for— main driver here. so there is real hope for the _ main driver here. so there is real hope for the future, - main driver here. so there is real hope for the future, and it's interesting to see that china is responsible for a huge part of this growth, up to 60% of the additional capacity for card in the next few years and yet, at the same time, we see the eu and us putting tariffs on government subsidised chinese electric vehicles and the us putting tariffs on chinese produced solar panels. are those tariff decisions bad news for the environment? i think, when we look at the next few years to come, we are
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seeing a new economy, a clean energy economy is emerging. it is solar panels, wind turbines, batteries, electric cars, as you mentioned, and others. there is a race among the countries. china, united states, europe, india, middle east countries, to have a good position in the next chapter of the global economy, which is dealing with clean energy technologies. here, countries are putting a lot of policies to protect their domestic infrastructure, it can be electric cars, it can be solar, but they need to be done in the right way so it doesn't slow down the clean energy transition and not putting the
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cheapest option out of the window. ., ., . window. forgive me for cutting across yom _ window. forgive me for cutting across you. yesterday, - window. forgive me for cutting across you. yesterday, we - window. forgive me for cutting i across you. yesterday, we heard from the boss of uber, who warned that the tariffs on cheaply made chinese electric vehicles were delaying his plants. he said it was bad for the environment. you think tariffs on cheaply made, chinese produced, renewable energy infrastructure like solar panels is bad for the green transition?- solar panels is bad for the green transition? there is a legitimate _ green transition? there is a legitimate concern - green transition? there is a legitimate concern that - green transition? there is a| legitimate concern that they can slow down in the short and medium term but, at the same time, i see there is a good reason to keep the domestic manufacturing of the countries as well. we need to find a good balance between these policies.
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finally, on the subject of curtailment, that being renewable energy in the system going to waste because there isn't the infrastructure to store it, what needs to be done to prevent that and ensure all that power is put to good use? this year, i mentioned there is a historic record of of 607 gigawatts of new power plants heading our global electricity fleet, but 2.5 tonnes of this, around 1700 gigawatts of renewable power capacity is waiting to be connected to the great, because there is not enough grit capacity in the world. the government said businesses built renewable capacity, but they forgot we need grids to bring it to power sources and industry, so this is the biggest problem today,
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we need to build grids around the world, especially in europe, including the uk, and the rest of europe, but also latin america to make the most of renewable potential.- of renewable potential. thank ou for of renewable potential. thank you forjoining _ of renewable potential. thank you forjoining us, _ of renewable potential. thank you forjoining us, the - you forjoining us, the executive director of the international energy agency. the social media platform x — better known as twitter to many — is back online in brazil, after the country's supreme court lifted the ban it imposed last month. the court and x's owner, the world's richest man, elon musk, had been locked in a feud over misinformation and hate speech on the platform, with mr musk accusing brazil of censorship. our technology correspondent lilyjamali has more. while brazil's supreme court is giving x the right to return to brazil after a standoff with elon musk. that standoff played out over many months and culminated this summer with the company's decision to pull its legal representative in the country and also
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refusing to pay a series of fines that had been levied against it. x and musk apparently capitulating on both of those fronts. but perhaps the biggest concession is the company's decision to start blocking a series of accounts on x that have been probed for spreading misinformation and hate speech on the platform in brazil. initially, musk had called it censorship, and this is actually the issue that got twitter, now x, into hot water in brazil in the first place. brazilian authorities ultimately holding firm and getting their way on that issue. so here we are many months later and x poised to return. this is a very big market for x. this is the company's sixth largest market in the world. it has more than 20 million users on the platform throughout the country. returning to the subject of climate change now. while traditional wine—making regions like france have been struggling with increased
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rainfall causing vines to rot, rising temperatures are creating new opportunities for vineyards in surprising parts of the world. europe's nordic countries are now emerging as a new frontier in wine—making. adrienne murray went to sample scandinavian wine. far north of bordeaux or tuscany, more than 10,000 vines are growing on this danish hillside. scandinavia is hardly known as a prime wine growing region. however, there is a small but growing wine industry is starting to flourish. a wave of nordic winemakers now stretches well into sweden, with the world's northernmost up in norway. this winery started 13 years ago. people have found out that it actually is possible to grow wine in denmark. so of course the newcomers are coming every every year.
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here it's mostly white wine made from the grape solaris, which thrives in this cooler region. their winery sells locally and also supplies high end restaurants in the capital. in the first years, we were making just 3 or 4000 bottles a year. over the years, it has grown to now 20,000 bottles. commercial wine growing has been allowed forjust over two decades, and now denmark has 150 vineyards. traditionally, grapes grow well in southern europe, but more frequent extreme weather events have affected harvests. temperatures in denmark have risen almost two degrees over the last 50 years, resulting in milder winters and a longer fruit growing season. experts say climate change is pushing wine production further north and south in each hemisphere. but in scandinavia, winemaking is largely driven by the availability of hardier breeds of grapes. we see wine growing moving because of climate change. it already has moved
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quite a bit into belgium, maybe even netherlands and parts of germany where you have not really seen wine growing before. when you go further into northern germany and scandinavia, it's majorly driven by the cultivars. compared to established wine regions, cultivation here is still small scale, but as local winemaking takes off, will consumers be convinced to buy it? i still think there's some way to go before the quality is there. if you buy a french wine at 200 danish kroner and you buy a danish wine at 200 danish kroner, the danish wine is still too expensive. nordic winemaking won't rival france anytime soon, but perhaps in the years ahead, sipping glasses of scandinavian plonk won't be such a novelty. in other news... the usjustice department is considering legal action to break up google. in a court filing, prosecutors say they may seek to force the tech giant to sell off parts of its business that
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help it maintain a monopoly over online searches. it's among the potential remedies in the landmark anti—trust case against google. boeing has withdrawn its pay offer to 33,000 striking workers — saying further negotiations with the iam union �*do not make sense at this point�*. boeing says the union demands are �*far in excess of what can be accepted'. shares in the owner of convenience store giant 7—11 have jumped after a report that it has received a new takeover offerfrom canadian rival alimentation couche—tard. according to bloomberg the new offer values japan's seven & i holdings at more than 47 billion dollars.
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england's leading scorer in test cricket, moving to number five on the all time list. he's been batting on day three of the first test against pakistan in multan. root needed 71 runs to surpass the english record of 12,1172 held by sir alistair cook, who was commentating on the moment for bbc radio. he's been playing in test cricket for 12 years and is nowjust 3 and a half thousand shy of india legend sachin tendulkar, who holds the world record for runs scored in test cricket. no doubt there is a knighthood on the way at some stage for joe root. it'sjust a matter of when. just a little wave to the dressing room, his team—mates and staff on the balcony. there wasn't a massive cheer like you would have got in england, but a little wave to the dressing
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