january 6 committee hearings investigating the attack on the u.s. capitol. tonight, the first hearing including an overview of what happened. eyewitness testimony from a capitol police officer injured during the breach, a filmmaker who recorded the rally that day. you can watch on c-span now our mobile video app or anytime online at c-span.org. announcer: the january 6 committee returns earlier than expected after it announced they would hold a public hearing on new evidence tomorrow at 1:00 p.m. eastern. watch on c-span, c-span now our free mobile video app, or anytime online at c-span.org. or visit our website. to watch previous hearings and other videos related to that day. c-span, your unfiltered view of government.

if you are enjoying american history tv, sign up for our newsletter using the qr code on your screen. sign up for these american history tv newsletter today and be sure to watch american history tv every saturday, or anytime online at c-span.org/history. >> joining us from detroit is jeff gilbert. we are going to be talking about the car industry. in 2020 one, about 15 million vehicles were sold. 11.6 million of those were like trucks, 3.3 million were passenger cars. do you know how many of those cars were electric vehicles? >> roughly 2% were around electric vehicles.

it was 4% in the first quarter of 2022. we will look at the first half numbers next week. >> and tesla is really dominating electric vehicle marketing. >> at this particular point, it is. they are all electric and they have a certain cachet about the brand particularly on the west coast. it will be interesting to see. there will be about 30 ev names this year, so tesla will get a lot of competition but a lot of those vehicles can't be made in big numbers. it's going to take a couple of years to see how this is going to shake out, whether tesla will continue to be in the lead role or somebody else will take their place. host: what kind of investments are gm and ford and chrysler fiat going to make? i apologize about the new name, what kind of investment are they making?

guest: each of those companies is making tens of billions of dollars and before i went on, i looked up a number that was released this week by an independent consulting firm. they added all the investments together and it totals over $500 billion. that is more than half $1 trillion being invested by the auto industry and by the suppliers to develop electric nichols. host: do you think is a smart bet? guest: it is not my job to think it is smart or is dumb, that is one of the cool things about my position. i have kind of a front row seat. i don't have a stake in any of this but it is interesting to watch it happen. the carmakers certainly believe it is a safe bet. some of them like volkswagen and general motors are making a dingbat. they are pretty much saying they want to be all ev. others like ford are hedging their bets and toyota, of all people, is a little less bullish and more bullish on hybrids.

host: so let's look at gm and ford specifically. first of all, what is the state of the economy in detroit and the auto industry itself? guest: we will go backwards, because it is very odd. you've got sales. you mention 15 million is what we have less year, probably a little left and that this year. prior to the pandemic, it was more in the 17 millions. because car companies can't make vehicles because of the check shortage. while sales are down because of a lack of supply, not a lack of demand, but there are economic concerns like inflation, high gas prices, things of that nature that could be masked by this lack of supply in vehicles. car companies are selling everything they can, they are selling them without incentives at very high prices, but they are limited in the amount of

vehicles. it is hard to tell if the demand has fallen because again, they are selling everything they can make. host: when we talk about these chips, where are these chips coming from? guest: they are put in at just about every part of a car. car companies thought chips would be plentiful, so they've added new features. if you take a look at the mustang with the taillights that are sequential when they blinked, that needs a chip. when you add evs, that brings in even more chips. chips are made around the world, a law in asia, some in the u.s. the problem is the carmakers scale back the orders into the pandemic thinking that sales would fall. sales didn't fall. they sold the chips to consumer electric kind of company.

that started the shortage that was exacerbated by covid, by a number of natural disasters, and that is where we are today. host: lithium. where does it come from and what is the importance when it comes to electric is? guest: the importance is because the batteries use our lithium-ion, so they need lithium. a lot of it is from china and other parts of the world. carmakers are trying to shore up supplies in the u.s., there is a surge for more lithium supplies in the u.s., and carmakers are also trying to make batteries with fewer rare metals like lithium, cobalt and other things because long-term, they know they are going to need them. right now the batteries are high, but there is a lot of research being done for batteries that possibly, in the next few years, if this research pays off, will use a lot less of these rare metals and maybe not any. it depends on how well the

research goes. i can't tell you how that is going. host: mr. gilbert, you said about 4% of sales so far this year our evs. guest: yes. host: in detroit, the motor city, are they selling at a 4% rate? are they selling higher, lower? guest: i don't have direct access to sales figures in the detroit area but it probably would be a little bit higher because people get discounts who work in the auto industry, so they tend to buy the latest and greatest. it would be comparable. there is not a huge pushback in this area, if that is what you are looking at. host: that is what i was kind of going for, exactly. gm has pushed out the electric hummer. ford is pushing the electric 150. what has been the/around those?

we saw president biden driving a hummer. guest: he actually drove the 150 before he drove the hummer. i got a chance to drive both, they are very different kinds of vehicles. if you take a look at the hummer, it brings back that name from 20 years ago or 10, 15 years ago that was kind of a gasoline muscle. gm decided to make hummer a part so they put out a pickup with the name, and that is a vehicle to show what you can do. they put 1000 horsepower, new technology. you can take it on the road if you go just about anywhere. but the reality is it is a six-figure price tag right now, a little under that if they get some other models out. not a lot of people are going to buy it, but it is what the industry calls a halo vehicle. people can look at that and go, wow. people who once thought evs were glorified golf carts will think this thinking climate mountain. the f-150 is the exact opposite.

it is the heart of the market, pickup trucks. forgot to market first with the f-150. gm is following with the shelby silverado. after that there will be the cyber truck in the mix. other startups. electric pickups. why? because markets are going to pick up, because a lot of pickups are sold to businesses. people, especially businesses don't take the time -- tend to take long trips in them. you are able to power a worksite. this is where the heart of the battle is in the pickup truck market, and that is why you are seeing a lot of pickup trucks and carmakers because they think businesses are going to be very interested in these vehicles. host: what about electric vehicles sold today without the federal tax credit? guest: the tax credits start to

phase out at 200,000. at this particular point, tesla vehicles are selling without a federal tax credit. tesla has a special cachet. people will pay a lot of money for a tesla. will they pay that kind of money for a mass-market ev? for example, later next month, chevy is going to show an electric version of the blazer, a chevy equinox is coming after that. those are going to sell for a little bit more than their gasoline counterparts. those are the kinds of vehicles that would be really helped by a federal tax credit. and gm has sold enough, it doesn't have a tax credit, either. the toilet, probably run out of tax credit sometime this year. host: we have divided the lines regionally if you want to call in and talk about the car industry. he knows everything about it, he is up in detroit.

(202) 748-8000, (202) 748-8001 or (202) 748-8002 are the numbers you can call in on. how long have you been covering the car industry? guest: off and on for over 20 years and exclusively for the last 17. host: and is it hard to overstate the importance of the influence of gm and ford especially? guest: in our region, let's not forget about auto suppliers, because the car companies assemble the vehicles, they make the powertrains, they make the outside, but everything else is purchased from the supplier. of course, he suppliers want to be in this area as well. the auto industry has a huge impact on the entire country. you take a look at transplants with the foreign companies, almost all of the south, you go

through alabama and towards her, you see kia, for sadie's, hyundai. -- mercedes. also some plants in ohio, and even kansas city has a couple of plants. it is really spread out around the country. texas, there is a huge impact and of course, california, silicon valley. host: let's hear from our callers. maryland, danny, you are on with jeff gilbert. caller: hi, good morning. my main thing is i don't like the government thinking electric to be the winner because it kind of takes out from --. i want to see natural gas vehicles. i want to see all of these other kinds of vehicles, not just electric or gas.

they are going to build up all these electric charging stations, they can't just build them. who is going to take care of them? another thing is how long do these batteries last? if you buy a used electric car, how good is that? host: there is a lot there, we are going to get some answers for you from jeff gilbert. guest: and you are taxing my memory to remember all of this. ok, let's start with the tax credits first. again, he is framing the argument on one side. i am a reporter, i cover this. his argument is on the one side. the argument on the other is that this is new technology that

has added disadvantage. we have to promote the new technology and this level the playing field by adding this $500 tax credit again, that continues to play out in congress. the regional extension of the tax credits that we have right now, supporters of the tax credits pretty much admit that that is dead, so they are trying to resuscitate it. there was a part of it that had extra credits for union-made an american-made, that has been taken out. pretty much what they are arguing about now is whether the tax credit we had should be extended. but again, that kind of frames the argument. as for charging stations, the infrastructure is very young right now. there is not a lot of it and we don't really know what the demand is going to be because most people will charge them at home and another big question that isn't talked about a lot is

if we have improvements, if we have abilities to charge easys faster -- evs faster, will that necessitate replacing some of these? that infrastructure is still a very important question. what were the other questions? host: the battery life. guest: carmakers say for the most part, they believe the batteries should last a life of the vehicle. we will have to see what happens in real life, we've had some real-life situations where, for example, batteries were defective and gm had a very expensive recall where they had to replace all the batteries. but the carmakers say it should last the life of the vehicle but my answer is we will see. host: gm and ford have both recently announced new battery factories as well, correct? guest: there are battery factories going up all over the country. toyota has one going up, as well as some of the others.

host: doug is in springfield, missouri. caller: i've got a question for you. like everything that is happening that this administration has done, it has backfired and ended up being the worst thing they could do. i think the same thing will happen in summer when we start having all these blackouts and we are seeing all these electric vehicles in the states that have a lot electric charging stations. what do you think of that? guest: i'm going to stay out of the politics part of it, but the grid is an issue. right now we are talking about 4% of the market. that is 4% of vehicle being sold. if you include that with all the vehicles on the road already, it is still less than 1% of all the vehicles on the road or electric vehicles. right now, the impact on the

grid is minimal. that is an issue that is being discussed, an issue that has to be handled. can i tell you it is going to be handled perfectly? no, but it is definitely an issue, and you bring up correctly. there is one other interesting thing in terms of blackouts. if you've seen any of the ads for the ford f1 lightning, it does have a reverse power capability. if you have a good charge on this vehicle, if you have a home charging station and your power goes out, it will actually reverse things and let the battery of the vehicle power the house. it can be used to, i believe a full battery can power a house for three days, powering everything. if you turn up the air-conditioning on some of the heavy users of electricity. that is more positive than negative. host: jeff gilbert, your senator from michigan got a lot of airplay because she talked about driving an electric vehicle from michigan to d.c. and passing all

the gas stations. what is the range on some of these vehicles? that is a 500 mile drive. guest: right now, i can't think of any vehicle -- one vehicle claims to have 700 miles range, but the vast majority don't have that kind of range and you will have to recharge once, maybe twice in a trip like that. the recharging infrastructure is a big issue. there aren't a lot of ev charging stations but unlike a gasoline station where there is an attendant, there's people all the time and they keep the palms in good repair, there is a big problem with ev charging stations that you go, you think it is going to be there, and it doesn't work. that is a significant issue. also the time of recharging and depending on your vehicle, you can move faster to get about 80% charge and a half hour, that is

good, a lot better than it used to be, but it is certainly not like a total fill up in 10 minutes like you have it gasoline. these are issues that have to be handled, they are being worked on and if you take a look at the first mass-market ev that i wrote about a decade ago, it had about 70 miles of range. i was actually told it was a cold day if you get stuck in a traffic jam, turn the heat off because it will drain the battery. now, 250 miles is basically the price of entry for electric vehicle. most go over 300 miles, 400 miles. we are seeing a lot of improvements but in those particular situations, not where a gasoline vehicle is right now. host: what is the status of a hybrid? guest: hybrids are out there in pretty big numbers.

car companies are divided on those. i mentioned earlier toyota was well-known for the priya's and is very high on hybrids -- prius. general motors says they are a temporary solution, we're jumping in the deep end of the pool. the reality is with future fuel economy regulations, virtually every gasoline-powered vehicle in the coming years is going to end up with some kind of hardware is asian -- hybridization. the pickup has a higher voltage to assist it to get better fuel economy. there are a lot of different hybrid choices. you may be driving a hybrid right now and not even know it. host: washington state, darlene, good morning. caller: good morning. for anybody who doesn't know about this, anyway, with the

government, $7,500 rebate for electrical. we will never be able to afford a $30,000, $60,000 electric vehicle. however, people love their cars, and why aren't they talking about the next 10 years in order to convert our internal combustion engine automobiles over to electric? what they need to do is remove the engine, order more electric motors, high-voltage cables and instrumentation. it is $6,000 in parts,

batteries, and more expensive rollout, about $20,000. a $7,500 credit, this is something americans will do. host: darlene got the point, thank you. guest: i know there are companies that do this, and the carmakers in some cases are actually selling, you know, enthusiasts have bought into great engines for years, powerful engines. so the car companies do have some kids that will allow people to electrify an existing vehicle. i would say probably long-term, it is not practical, there probably isn't a huge audience that wants to convert their current vehicle into an electric vehicle. in terms of car companies, it costs a lot of money to develop a new vehicle. they want and return on that investment so the incentive is

to sell as many new vehicles as possible, not to sell kits that would electrify existing vehicles. it can be done, there are companies that do it, but for carmakers in terms of return on investment, is probably not smart business. host: just to follow-up, texting in all that is ever discussed is the expensive find electric vehicles. please talk about the fact that few people want electric vehicles. many can afford them but find them undesirable. guest: first, i can't say if you people are many people want them, we will see what happens with the market in the next couple of years. that is going to be the big question, because honestly, if consumers were to push back and there was a huge round against electric vehicles, it would affect the political climate and we might see changes in regulation.

i can't tell you with the future is going to hold. at this point we are talking about incentives to buy electric vehicles, and in the short-term, nobody is talking about forcing people to buy electric vehicles. of course, californian certain states are talking about prohibiting the sale of new internal combustion vehicles after 2035. that is still more than a decade out. we will see what happens and if the political ground falls against it. we do live in a country where people elect representatives and the representatives vote for things. if very -- if there is a huge ground swarm against electric vehicles, you will see what happens. i think most people are neutral. you got a quarter of people who say you will take my internal combustion engine for my cold, dead hands and a quarter of people think everybody is going to be driving them. the reality is a lot of people are in the middle who car companies have to show that

there is an advantage to buying electric vehicle. they are not going to be forced on people, but they have to see what the advantage is. host: jeff gilbert, is there an environmental advantage to buying an ec that power has to come from somewherev? guest: environmental groups with so yes, certain groups will tell you no. i've seen a couple of studies that show that if you take a look at everything from the manufacturing process the recycling to how they are powered, that evs are marginally more environmentally friendly than gasoline-powered engines today. hopefully in the future, the electric grid will get a light cleaner, they will make these vehicles with fewer precious metals, and in the long term, it could be significant and more environmentally friendly. right now, they are slightly more environmentally friendly. host: jason, honolulu, good

morning. caller: aloha, gentlemen. how are you doing? host: aloha. caller: we make good use of solar here, but you know, you are still going to need oil. everyone is talking but electric cars, you're still going to need oil. has the industry managed to figure out just how much? is it going to be the same? and a second question, living in single family homes, what about people living in apartments? have they figured that out yet? guest: i will take your second question, thank you for getting up early. you've got a committed viewer. anyhow, the first question about the impact on how much oil we are going to be using, i don't

think anybody knows that at this point. that might be more a gasoline industry question. in terms of charging any elect -- in the electric vehicle, if you don't have a house with a charger, that is something that is a concern being discussed. there are a lot of people in inner city that don't have a garage, have to park on the streets. that is one of the things about the charging infrastructure. anecdotally, i have a friend who has a son who lives in the los angeles area who was able to get a tesla, and he lives in an apartment and he spends a lot of time at a coffee shop which has a charger nearby, so people are finding ways around this, but it is an issue to find a way for people to get charging. the general thought is it would be almost like a gasoline station where you go to a charger once a week to top off your car and then you do it again or you charge it more.

again, issues to be worked out. it will be interesting to see how it plays out because i have a feeling that there are so smart entrepreneurs right now trying to think of a way to do that, and we will see something pop up in the next couple of years that we all think wow, smart idea, wish i had thought of it. host:host: from massachusetts, i love electric cars, they are so quiet but i will never have one. if my husband was still alive, he probably would, but i do agree they need to get rid of the self-driving car's. i think they are the cause of a lot of accidents. guest: first, and anybody who is a safety expert in the auto industry will tell you, right now there is no self-driving car that an individual can buy. there are a lot of driver- assisted systems and certainly there has been a lot of controversy with the system that is full self driving.

and a lot of safety advocates say that things like that should never be tested by the general public. there have been issues with that. there are other, more limited systems that gm, for example, has an excellent system which is on the highway right now, which will only activate on the highway because it is tied into your navigation system. it will only activate in areas where it feels safe and it hasie engaged on the road and that it can handle the driving duties back to you. there are a number of different things out there. you are also seeing carmakers working to develop automated vehicle right hailing services. they got the approval it has been working on for years.

systems that are complete are expensive. no reasonable individual, unless they were very wealthy, could afford one. they need to make sure that something like this can be operated more hours in a day. you see the google subsidiary working on a similar system in arizona and they are being deployed fairly quickly. there is controversy over how much they should drive. there are some who say that a computer can drive better than a human being. some say that the human being should be responsible and should always be in control. host: do you remember riding in a electric vehicle?

it was a little bit surreal. guest: it is a little bit surreal. carnegie mellon is the birthplace of automated vehicles. they have done a ton of research and a lot of people from their have moved into the self-driving car companies subsidiaries at the major car companies. i have ridden in a number of them. they have all done well. i have had one incident. this was very interesting. michigan state university was employing an automated shuttlebus and they gave a media demonstration and in the middle, somebody cut off the bus. a lot of people went flying. there are some issues there, but it does make you wonder about the people using these vehicles,

that maybe they should not necessarily be everywhere like college campuses and places like that. maybe they should still be in the experimental phase. we will see. host: what about connected cars? is that still a thing? guest: the technology has moved a lot faster than governmental action. early on, maybe 10 to 15 years ago, there was a lot of talk about dedicated short range communication, where you can put a sensor and a vehicle and it will read information from the roadway and other vehicles, while the cellular network has deployed so fast that the system is becoming fairly obsolete. a lot of the connectivity is happening in modules and vehicles that have 4g.

that does allow getting information from the infrastructure about roadway conditions, getting information from other vehicles that are out there about what the conditions are like head of you. all of this data is being gathered and it is still in the early phase of how it is disseminated to people. we are seeing more conductivity, but it is not ruling out the way that they thought it would. it is through the infrastructure of what is now a 5g network. host: good morning, justin. >> good morning and thank you for taking my call. i got up early just to hear about the subject, so thank you. i had two questions. the first is about the overall health of the automobile

industry. during the great recession, they were in a lot of trouble. he did not know is out, so assuming we do go into a recession and just rates go up a lot, how well-positioned is the automobile industry to whether that challenge now? my other question is completely different. do you have any information about cars, automobiles powered by natural gas? from the little bit i have read, that is actually very co2 efficient, but you do not really hear about that in the media. guest: i will save the second question until i answer the first. the first question is, carmakers say after they went through the great recession that they got leaner, so they can afford to

withstand a downturn. sales coming out of a recession for about 17 million year -- they said they can continue to make money down to about 12 million per year. we have not tested that hypothesis yet. we have a very strange situation now. it has really impacted the ply and demand. what they are making is usually more high demand. they do not have to put a lot of incentives on vehicles. it is by far the highest it has ever been, so even in a lower sales environment, they are making more money, but it is a strange environment. it seems that the financial health of the industry is very strong, but we have not had a significant downturn, likely had

in 2008 and 2000 nine that has gone on for more than a few months. the other question about natural gas is that there are a lot of cool alternatives out there. natural gas is one. in terms of engines at work on it and fuel cells that work with hydrogen. that is another interesting thing. the auto industry seems to coalesce and it is more than environmental. ev's are similar -- easier to make. right now they are spending a lot of money to invest in them. the batteries are more expensive, but all of these solutions -- we would have to include the internal combustion engine as well. ev's are the simplest. you have a battery underneath and motors attached to the

wheels. the system is simple. it does not require a lot of new product development as you go forward. yes, you have to tweak the motors and do investment on the battery, but you do not have to develop new engine programs. you do not have to develop new transmissions, which are expensive. ev's are the most cost-effective solution. the technology was expensive. you need the simplicity is also something that is attractive to the carmakers, maybe even more attractive than environmental benefits. >> justin -- host: justin, and california, i.e. still with us?

are you a car guy? is that why you asked those questions? caller: not at all. california, i have a lot of friends with electric vehicles, but i wonder if people really do the math, is the electrical car that much better for the environment than the combustion engine? from what i have read, it seems that natural gas is a much more co2 efficient way to power vehicles and i really appreciate his insight. host: thank you for asking that question. massachusetts. you are on the radio. caller: i have a comment and a question. i worry about the electric grid.

it seems that we are trying to solve a carbon emission issue. if we created a filter that would snap into the muffler system that would be replaced periodically? perhaps it could reduce emissions by 50% or so. wouldn't this be something that we should be investing research dollars into? we could capitalize on technology that already exists. host: a lot there, mr. gilbert. guest: i am not an engineer, so i'm not familiar with the system she mentioned, but carmakers are interested in ev. again that every extra step that they are taking with an internal combustion engine to get them cleaned up is more and more

expensive. they liked the idea of starting from scratch. another thing to think about is, this transition sounds like everything is happening quickly, but if you look at the entire fleet of vehicles, it is going to take a long time. if you believe that we are going to go electric, it will take a long time for every vehicle on the road to be electric. the earliest anybody is talking about phasing out internal combustion vehicles would be california in 2035. to say that happens. it phases out the sales. most vehicles down the road for about 20 years, so we would be talking 2035 at the earliest when we talk about the entire fleet on the road being practically all electric.

even at the fastest pace, it will take a long time. host: what has been the change in the internal combustion engine when it comes to environmental impact? guest: carmakers have gotten a lot more out of the engine than they ever thought they could with turbocharging, with things of that nature. the start and stop technology has really helped. computerization is added to what they have been able to do, but it only goes so far. the low hanging fruit was picked a long time ago. caller: years ago, toyota said it would go with hydrogen cause.

are they thinking more electric or are they still concentrating on the hydrogen? guest: there are two tracks here. what has developed -- different carmakers have different feelings about things, and toyota is more bullish on the technology. the technology are fueled spacecraft for a long time. obviously, it makes water, which is the only byproduct, but it also generates electricity. they have been working on getting this to generate electricity for a while. what many people have come to the conclusion is that for an average passenger car, it is still more expensive to produce, to develop. you need the hydrogen infrastructure. that is why many of them, probably most of them feel that

dvds are in more practical solution, but that is for passenger cars. when you start getting bigger, like semi trucks and things of that nature, something that would require a huge battery that has to be hauled around and would cut down on the cargo space, that is where the expense of a fuel-cell would be far more practical. they are working on fuel cells, but they see them more as powering bigger vehicles like trucks and buses. you have the advantage of an 18 wheeler. just the places where you would need an 18 wheeler. that is the type of thing that they are looking at and i was at a general motors drive event last week and they were showing off an electric vehicle charger and it is a v charger that can be put anywhere and it is a fuel-cell powered by hydrogen.

it is still being worked on, but not power passenger vehicles. host: just is what the news media in detroit. he talks about all things auto. we really appreciate your time this morning. mr. gilbert. >> this weekend primetime, the january 6 committees. tonight, the first hearing, eyewitness testimony of the capitol police officer and filmmaker who recorded video. that is tonight at 8:00 eastern on c-span. watch on c-span now, our free mobile video app and anytime online. >> the january 6 committee returns earlier than expected,

tomorrow at 1:00 p.m. eastern. watch on c-span, c-span now, or anytime online at c-span.org. visit our website, c-span.org/january6. c-span. your unfiltered view of government. >> live on in-depth, carol anderson as our guest to talk about race in america, voting rights and gun regulation. she is the author of several books. join in the conversation with phone calls, facebook comments, text and tweets. in death, sunday with carol

anderson, live noon eastern on c-span two. >> the g7 summit is being held in the bavarian alps of germany. president biden announced the partnership for global industry and investment, says the u.s. will commit $200 billion over the next five years.

welcome to this event on infrastructure. i am cohosting this with president biden.

development finance institutions, coordinate with multilateral banks and private sector and setting up partnerships and country platforms. this is steep change for our corporation that we have committed to. we are boosting local vaccine production in africa, germany has contributed 530 million as part of a larger team, europe and g seven initiative. we are building strong partnerships to support the global transition to net zero. rships to support the global trans with our just energy transition partnerships, we support an accelerated clean and just transition of developing and emerging countries towards climate neutrality. the first gtp was launched with south africa at cop 26, i'm

happy to announce today that the germany where its development bank is ready to offer a promotional loan of 300 million for energy policy reforms as concrete support for this g. t. p. this is part of germany's contribution to collective g 7 support of $8.5 billion over the next three to five years. but we won't stop there. in a joint effort of g7 partners, we are working towards additional gtp's with indonesia, india senegal and vietnam. the public sector alone will not be able to close the huge investment gap we faced in many parts of the world. this is why we are promoting innovative instruments such as the emerging markets climate action fund. in order to mobilize private investment for sustainable infrastructure. the g7 is committed to support

the emerging markets climate action fund and germany is contributing additional 30 million adding to 25 million euro we have provided last year. the fund can mobilize up to 50 private capital for every single euro public money we provide with our total contribution of 55 million euros we can mobilize up to 2.7 billion euros. just like our broader g7 agenda our work on promoting , infrastructure globally is also affected by the current geopolitical situation. we have therefore discussed how our investment globally in climate neutral and low carbon energy, including gas can help us as a temporary response to russia's use of energy as a weapon. given the progress we have achieved, time is ripe to showcase our offer to the world

under a common root. i'm convinced that the seven makes a stronger, better and more convincing offer to partners globally. but beyond the steps that have been taken, this is a long-term undertaking. germany will move this work forward beyond the amur summit to make progress towards an equitable world and i will hand over an even stronger joint initiative to fumio end of this year and now i would like to hand over to the united states president. pres. biden: thank you very much. well, good afternoon folks, our nations and our world stand at a genuine inflection point in history. technology has made our world smaller, more immediate and more connected. more connected. it has opened up incredible opportunities, but accelerated challenges that impact all of us

. managing global energy needs, taking on the climate crisis, dealing with the spread of diseases, and the choices we make now are going to set a direction of our world for several generations to come. these challenges are hard for all of us, even nations with resources of the g7. developing countries often lack the essential infrastructure, to help navigate global shocks like a pandemic. they feel the impacts more acutely, and they have a harder time recovering. in our deeply connected world, that is not just humanitarian concern, it is an economic and a security concern for all of us. that is why, one year ago, this route of leaders led -- met in cornwall. we made a commitment, the democratic nations and g7 would step up and provide financing

for quality, high standard infrastructure in developing and middle income countries. what we are doing is fundamentally different, it is grounded on our shared values while all of those representing countries behind me. it is built using the global best practices, transparency, partnership, protections for labor and the environment. we are offering better options for countries, and for people around the world to invest in critical infrastructure and improve the lives, their lives, all of our lives, and delivers real gains for all of our people. not just the g7, all of our people. today, we officially launch the partnership for global infrastructure and investment. we collectively have dozens of projects already underway around the globe, and i am proud to announce the united states will mobilize 200 billion dollars --

two hundred billion dollars in public and private capital over the next five years. we are making this commitment together as a g7 to maximize the impact of our work. collectively, we aim to mobilize nearly $600 billion from the g7 by 2027. these strategic investments are areas of critical to sustainable development, and to our shared global debility. health and health security. the general connectivity. gender equality. let me give you examples of the kinds of projects that are underway in each of these areas. first, health. two years ago, covid-19 did not need any reminders about how critical investments health care systems were in health security

is. both, to fight the pandemic and prepare for the next one. it will not be the last pandemic we have to deal with. that is why the united states, together with the g7 partners and world bank are investing a new industrial scale vaccine manufacturing facility in senegal. when complete, it will have the potential to produce hundreds of millions of doses of vaccine annually for covid-19 and other diseases. it is an investment that will enhance global vaccine supplies, as well as improve access and equity for developing countries. second, the digital area. our economy's future depends on people's ability to connect to secure information and communications technologies. we need to strengthen the use of trusted technologies, so that our online information cannot be used by autocrats to consolidate their power or repress their

people. that is why the digital invest program is mobilizing $335 million in private capital to supply and secure network equipment in africa, asia and latin america. the u.s. government supported the successful bid by an american company, sub column -- subcom, to build a telecommunications cable that stretches from southeast asia to the middle east to europe. this will be essential to meeting the growing demand for reliable security, high-tech connectivity in three key regions of the world. third, gender. when women and girls have the ability and opportunity to participate more fully in their societies and economy, we see positive impacts not only in their communities, but around

the board. we have to increase those opportunities for women and girls to thrive, including practical steps to make childcare more accessible and affordable as we continue the vital work to protect and advance women's fundamental rights. the united states is committing $50 million to the world bank global childcare incentive fund. this public private partnership supported by several g7 partners help countries build infrastructure that makes it easier for women to participate equally in the labor force. fourth, very important. climate and energy. we are seeing how critical this is every day. the entire world is feeling the impact of russia's brutal war in ukraine, and on our energy markets. we need worldwide effort to invest in transformative, clean energy projects to ensure that critical infrastructure is resilient to changing climate.

critical materials are necessary for a clean energy transition, including the production of batteries, need to be developed with high standards for labor and environment. fast and reliable transportation infrastructure, including railroads and ports, is essential to moving inputs for refining and processing, expanding access to clean energy technologies. for example, the u.s. government just facilitated a partnership between two american firms and the government of angola to invest $2 billion to building a new solar project in angola. it is a partnership that will help angola meet its climate goals and energy needs, while creating new markets for american technologies and good jobs in angola. i suspect, throughout africa. and romania, the first -- the american company new scale power will be the first of its kind, small, modular reactor plant.

this will help bring online zero emission nuclear energy to europe faster, more efficiently. the u.s. government is helping advance the development of this american technology which will strengthen europe's energy security and create thousands of jobs in romania and the united states. these deals are some of what is in store, we are ready to get to work together, all of us, to lead efforts, to lead u.s. efforts. i appointed my special, presidential coordinator to deal with the rest of our colleagues. i will lead the u.s. governed approach to drive the coalition and collaboration with the g7 and our partners around the world, including private-sector and multilateral development thanks. i want to be clear, this is not a charity, it is an investment that will deliver returns for everyone, including the american people and people of our nations.

it will boost all of our economies. it is a chance for us to share our positive vision for the future. let communities around the world see themselves, and see for themselves the concrete benefits and partnering with democracies. when democracies demonstrate what we can do, i have no doubt we will win the competition every time. thank you, now i invite president vander line to the podium. >> thank you, mr. president. thank you, olaf. we just tried to overcome a global pandemic, and it shook the global economy. then, as the global economy was just recovering, russia's vicious attack on ukraine happened. driving prices up everywhere, from food to energy, and casting

deep uncertainty, especially in the most fragile companies -- countries. these are very severe challenges. we will tackle them head on. this is why g7 partners are gathered here. this must not, and it will not, divert us away from our affirmative agenda to show the world that democracies, when they worked together, provide the single best path to deliver results for our people and people all over the world. on climate, on health security, and on digital innovation. last november at cop 26, thank you again boris for the initiative, we announced our plans to step up globally investments in climate, positive infrastructure. this was our response to the commitment we made at carvers bay, and i will never forget the start of this initiative at glascow together with you.

it was the beginning of a success story. today, the world needs these investments now more than ever. that is what the partnership for global infrastructure and investment is about. what should we do? we should work side-by-side. this is the only way to maximize the potential of our investments, and demonstrate the power of development finance when it reflects democratic values. that is transparency, inclusivity, and sustainability. when it embraces highest standards for the environment and for the workers. and, when it mobilizes the private sector. that is what success looks like. on our side, europe's response to the world's investment gap is global gateway. it is going to be under the roof of global partnership for

infrastructure and investment. it is a team europe approach, and to the 200 billion euro dollars -- $200 billion that of been announced by the president of the united states, team europe is mobilizing 300 billion euros until 2027 over the next seven years, from both public and private sources. 300 billion euros for sustainable, quality infrastructure. and also for health infrastructure. investments that are transparent and improve everyday lives and bring real benefit for the communities on the ground. global gateways fully at work, and we are listening closely to the recipient countries, so that we can better understand their needs and deliver the biggest impact. we already have many great examples to share some of them,

the mayan -- mrna vaccine manufacturing plant. for example, the great green wall, the project for food security and land restoration on the continent. or, take the submarine fiber optic cable, linking europe to latin america. the upcoming clean hydrogen project with egypt, nvidia -- namibia and chile. these are projects in the right direction to travel. they are designed and emblem ended in full consultation, and partnership with the countries and population concern. that is our way to do business. my point is, we need to see more of these projects get off the ground in every kernel of the earth. for this, we really need, as

democracies, to pull our common weight. the european union and japan are doing that as part of our connectivity partnership. or, south africa has been named, where all g7 are supporting the just energy transition. we will continue our work and do more projects together. we will optimize our collective power, because it is up to us to give a positive, powerful investment impulse to the world to show our partners in the developing world that they have a choice. and that, we intend to step up in solidarity to meet their development needs. in doing so, we will show once again that democracies are prepared, and meet moment. therefore, my dear friends, let's continue the good work. thank you. [applause]

>> now, i may ask the prime minister of japan kishida to take the floor. >> first of all, i welcome the initiative by joe and olaf. infrastructure investment is indispensable for the promotion of productivity and growth to the world. infrastructure in airports for the economic activities, it will be the foundation of the country's development. however, that does not mean the development of a large amount of infrastructure would suffice, even if the initial cost is inexpensive. it may lack the economic efficiency in the lifecycle as a whole, if unfeasible debt

repayment plans cause the recipient countries to default. it could inhibit the growth of that country, therefore, in accordance with vacation for the 2020 principles for quality for structure investment, which incorporates transparency, openness, economics efficiency and sustainability and others, this is important for the g7 members to unite and promote equality -- quality infrastructure investment. from such perspective, other country will -- our country will announce in the next five years, we will realize more than 65 billion dollars of infrastructure assistance and mobilization of private sector capital. in addition to the challenges such as covid-19 or climate change, due to the -- the global economy is facing price spikes

of energy and food over the disruption of supply chain. in order to deal with these situations, quality infrastructure investment is indispensable. for the development of quality infrastructure, it is crucial for the realization of a pre-and urban indo pacific for the indo pacific region, we will work on rail raise and airports that -- railways that contribute. and, the reinforcement of economic security, including cybersecurity. moving forward, japan will execute by appropriate decisions and strategic use of ote, and expand and strengthen diplomatic

essence and deepen our collaboration with respective countries, including the g7. thank you. >> i would ask the prime minister of canada, justin trudeau, to take the floor. >> thank you, everyone. it is good to be here with president biden, chancellor schulz, and everyone participating today. a year ago at the g7 summit in the u.k., we made the commitment to change our approach to investment for infrastructure with the goal of strengthening our partnership with others around the world. [speaking non-english language] >> everybody agrees we need to work together in order to overcome the existing infrastructure in developing countries. it is essential we do this in order to promote sustainable development, create jobs, and promote trade, whilst protecting the environment.

>> meeting in rwanda this week, with prime minister boris johnson, we had the opportunity to talk about these challenges with many african leaders. earlier this month in los angeles, i met with my cochair of the u.n. secretary-general sustainable development goals advocates group, prime minister of barbados. we focused on mobilizing all possible resources of government . since the g7 last year, we have made significant progress together, including commitments to support countries and managing their own energy transitions away from coal and other fossil fuels. canada doubled its international climate finance commitment to $5.3 billion over five years, in large part to support these efforts, which include a $1 billion investment in the accelerating coal transition program. of course, if we want to close

the infrastructure gap, we have to find ways to incentivize rater private sector investment, -- greater private sector investment. no amount of public money can single-handedly fix this issue. that is why, at home, organizations such as development finance institute, fin dev canada, is helping build a finance platform. we are doing this to help solve today's big problems. canada's private sector is already a significant investor in global infrastructure, we are going to help them do even more of it. >> [speaking non-english language] >> we know a great deal of work remains to be done, but we must remain focused, determined and united. today, we reaffirm our commitment to take forward this

infrastructure program. >> i am looking forward to work with you during the summit, and over the years to come. merci beaucoup. >> i ask the president of european counsel to speak to us. >> thank you, chancellor olaf scholz. the you fully supports the g7 partnership on global infrastructure investment. the reason is simple, we have always been a leader in cooperating with developing countries, 46% of develop -- global development aids from the european union. almost 70 billion euros go to fund more peace, prosperity and element. the g7 is permitted to value

standards, transparency, principles, and so is the eu. we focus on smart, clean and secure investments in sustainable infrastructure, digital climate, energy, or transport. we also invest in the power and potential of people in the education and health and injecting aids research. the you is a project of peace and prosperity, entered in the rule of -- the you is a project of peace and prosperity. we widely our partners, our g7 partnership wants to drive forward infrastructure that is sustainable, inclusive, resilient, and high quality. in emerging markets, and in developing countries. for instance, with investments in vaccines and medicine production, notably in african

countries. multilateral development banks will play a catalyst role in mobilizing private capital, along with our public support. the european union is moving forward with our global gateway initiative. at our eu africa summit last february, we announced in africa europe investment package of 150 billion euros. we are investing in many countries, projects in africa, and with africa. the submarine, the local pharmaceutical operation, are two examples. we are engaged in the field of sustainable connectivity and transport, energy and technology. in conclusion, we need values and standards. that is why we are fully on board. i believe, i am convinced, that the g7 and eu are taking the right direction for a more

stable and forward-looking partnership. i thank you. >> the last that will speak to us is the prime minister of italy, mario. >> thank you, just words after everything has been said. this group of countries is being the largest financier in assistance to investment projects in developing countries. we have to do more, and we also want to be this effort, widely acknowledged in partnerships with developing countries. multilateral development banks, and especially the world bank, will be mobilizing even further together with the private sector. again, a wide effort of partnership with developing countries has to be undertaken.

the areas in which these investment projects are going to be undertaken, in two areas i am going to put more stress. one is energy, and the other is health care. energy. it is quite clear that, in the present situation, will have -- we will have short-term needs that will require large investments in gaza infrastructure in developing countries and elsewhere. but, we have to make sure that they can be retro averted to carry hydrogen, so that is a way to reconcile short-term needs with long-term climate needs. also, many developing countries. one continent, africa, is exceptionally suited for investments in renewables. that is where i would expect all

of our countries to fund and design, identify and design, many, many investment projects in this area. on vaccines, again, this group of

>> here's a look at what is coming up tonight. the first public hearing on the investigation of the attack on the u.s. capitol. then a discussion on abortion rights. later, a look at u.s. policies when it comes to countries who violate religious freedoms. >> c-span is your unfiltered view of government. brought to you by these companies and more. ♪

they support c-span as a public service. giving you a front row seat for democracy. >> the january 6 committee returns earlier than expected after today's announcement that they would have a public hearing on the evidence tomorrow at 1:00 p.m. eastern. watch on c-span, our freight have, or any time online. you can also visit our website. to watch previous hearings and other videos. your unfiltered view of government. next, the first public heading of the january 6 committee on the investigation and to the attack on the u.s. capitol building