tv Business Deutsche Welle September 26, 2019 12:30pm-12:46pm CEST
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called for almost all of you has been your the fulcrum we employ in the war didn't surprise me i saw it coming 10 years before it before juror number one. what does it take to change the course of history. raising the iron curtain starts september 30th on d w. well world is worried about c o 2 emissions except china it seems as the world's 2nd biggest airport opens in very doing many are asking why should we cut c o 2 when the world's biggest emitters you betting on even more air travel. also coming up one of the top directors of europe's central bank steps down after criticizing its policies what drove yet another german to quit from the e.c.b. . this is deja vu business i'm get out of office in berlin welcome air travel is
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a major source of greenhouse gas emissions and china doesn't show any signs to cut theirs while world leaders were debating action against climate change in new york china unveiled the 2nd biggest port in the world well air pollution is a serious problem in china but it's the country's carbon dioxide output that has other countries warry it china is already the world leader in c o 2 production with just under 10 a 1000000 tons per year that's almost a 3rd of all global manmade seal to each year the u.s. comes in at number 2 producing just over half as much in absolute numbers followed by the whole of the european union in a distant 30 india and russia come after that it's a different picture though if you compare these countries per capita emissions an average american produces the most c o 2 with 16 tons per person russians comment on the number 2. spot and e.u.
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residents should be too smug we produce just as much as chinese citizens with 7 tons each but there's little sign of all this troubling beijing on wednesday chinese president xi jinping cut the ribbon for beijing's $60000000000.00 gold dodging is ready to $45000000.00 passengers per year from the go ahead and is set to expand to a capacity of over $70000000.00 with 4 runways and nearly $300.00 games. clearly shows that for china economic expansion seems to come before climate protection how much sense does it make if we all reduce our as well as for you know that sound of eisenstein he's with the 3 g. an independent climate change think tank here in berlin next on germany produces just 2 percent of global c o 2 just introduced stricter climate regulation. china opens
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a new mega how much sense does all these well intentioned climate action of countries like germany make if we're leading c o 2 emissions like like china obviously don't have it's a question i guess there's 2 sides of this story a china has a message we can all make roof beijing we're talking about a city with more than 20000000000 inhabitants 1000000 habitants 1400000000 inhabitants in china rising middle class of course there's a high demand we have to crow freight in every nation of 6 percent a year so it's in a way a restaurant project for china on the other hand go back and see in china is a lot of climate action it's the largest manufacturer so that p.v. for example and the wind and solar already quite cheap so i guess they should have tried this while they're moving in some sectors that he ended up moving in that is and that's the big challenge on germany i would all does it also you know that they producing lots of solar panels does it somehow offs. there's c
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o 2 emissions no it doesn't it doesn't i mean and they're meeting the targets but the targets they have 420202032 lou for the paris climate agreements so i guess for the next years the big challenge is to cooperate with china there's a big crewel for the e.u. to play as a role model showing how this works cooperating with china being more vicious on both sides and that's what we're hearing from chinese officials we want to see a lot of ambition from the e.u. and the louve as well well being a role model is interesting discussion going on because many people say yes we must be a germany's must be a role model but others say the street climate regulation will hurt the economy how much of a role model will we be as germans if our car industry goes down because we introduce climate legislation i actually see the other way around i think germany has to move on climate action to remain competitive against the big question for the german car industry do we still sell of course in 10 or 15 years and they will probably more be ecologists than the course we're having right now so for too many i think it's
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quite a rest now from a competitiveness point of view to move right now. how it will be german british obo mexican car owners ever be convinced to scrap their diesels to do their bit while others do nothing well they give them out on the street i'm talking about that definitely meant i think that they should be having right now it's not that germany is doing its homework and you have this kind of package but it's by far not enough so this perception that germany is moving but others are moving out is just not true ok where are those moving. comparable economies are moving in a comparable way or may have taken biggest steps is france doing more friends in the u.k. i mean from an emission point of view i mean this is because of coal of course there are many and china 2 of the major emitters china is number one germany is number 4 so this plays a big krill in c o 2 emissions and this is why do those countries play a bigger road and then there's of course the question rugs have. sponsibility china
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arguing well we have to catch up we have economic growth we need to make the people happy well you already rich and that's the big conversation we're having an international level. that's a very valid point how much climate protection is economically viable so there recent number spite o.e.c.d. basically showing that they'd net effect on g.d.p. of ambitious time of action is because if she 20 countries i think it's out of 20 so it is rest you know the issue is less about the economic case i would say that some sectors are heavily affected of course the coal sector will disappear well others will benefit if major across sectors like energy efficiency renewable energy immobility so these are the opportunity sectors i guess the issue is how do we have managed to kill off for example coal how do we manage the transition of the car industry. do you think that china
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in the very near term. and everybody says it's high time that we reduce c o 2 emissions in the very near term will put climate protection before growth. what makes me optimistic is that it's not only a moral question for china there's also a lot of national interest they do already have very high economic costs because of climate change and major issues of air pollution around this if occasion for example so they have good reasons to move and next year is actually quite important it will be a major you china summits. both hopefully try to work together to work towards a more ambitious chemical he says. thank you very much for this analysis of. stocks in asia have risen following what the u.s. and japan signed the 1st stage of a new trade deal but powerful column b. says it's incomplete the comic has wanted more support from the government after the deal only kept all the tariffs on change. japanese car companies
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welcomed the overall thrust of a trade deal signed between prime minister shinzo abbey and u.s. president donald trump the deal keeps also tariffs to 2.5 percent and the u.s. promises no more for now but the carmakers say their industry is suffering they want to do way with the tariffs altogether. so. the auto industry is facing many challenges amidst uncertainty like the japanese yen appreciation and the upcoming sales tax. we hope the government of japan recognizes this and not for those farther support to help the auto sector grew as a strategic industry. negotiations have been going on since last year trump has long complained about america's $68000000000.00 trade deficit with japan the world's 3rd largest economy cars are the biggest source of the trade deficit.
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trump has not yet followed through on his threat to impose tariffs of up to 25 percent on japanese and european car and parts imports citing ongoing trade negotiations. and also some of the other global business stories making headlines today leading cigarette maker jewel labs has announced a change in leadership and pledged to suspend advertising in the u.s. after recent regulatory backlash it follows the death of 9 people from a mystery long illness mostly linked to very pink illegal black market cartridges containing t. hey just see the primary active ingredient in marijuana. the international monetary fund has picked crystal georgia to lead the organization the economist from bulgaria is due to start up 5 year term on october 1st she said the i.m.s. top priority is to help countries minimize risk and be ready to cope with downturns
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while supporting long term stability. a top director of the european central bank has handed in her resignation germany's. did not say why she quit 2 years early but it just came off the publicly quite as he quite publicly questioned the need for the bank's stimulus policies b.c.b. recently lowered its key lending rate fell into negative territory and announced new quantitative easing policies came in for criticism in germany as they were seen as a way of propping up we come member states. well let's go to the seat of the e.c.b. frank our correspondent is standing by. she's the 3rd german to do so why. yes 2 germans before her resigned out of opposition to the loose monetary policy that the e.c.b. was pursuing and the policy has gotten looser and looser and before the last
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meeting just a number of days ago on the 12th of september the e.c.b. went even further down it took down the deposit rate for that banks have to pay actually in order to. deposit money there does your 0.6 percent so the banks are paying they're paying even more than before and what said before the meeting even was that she was in disagreement with the retaking. restarting the bond buying program and pouring money yet again and to the economy she and others don't obviously believe that it's needed at the time and we know that in the meeting several members voted no and it's said that it was against this policy and this would be a strong statement to to get away from this policy resigning in a very public way like this. also be. a new incoming president christine legarde does that have anything to do with it. i think that has
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something to do with that something that we can only speculate on because there is no official statement yet from the e.c.b. or of course from the i've been allowed to go herself explaining her actions but it seems logical that she leaves at the same time that guard comes in because look guard has made it clear in statements that she believes what the e.c.b. is doing is right and that she also sees room for going even lower so she's along the line of mario draghi on the line not along the line of setting a lot of. what he voted for thank you and that's all your business. the for.
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more yeah and the joint should come up in the morning. of august. the bombs come. starts oct 11th. in our. readings and from berlin and a warm welcome to arts and culture and here's a quick look at some of what's in the pipeline for today's show. meet the woman they call the willow queen sculptural art work of laura ellen bacon uses natural materials and spans the genres of craft land art and even architecture. and in our continuing series of baking bread our baker x. called you know michael shows us the ins and outs of bulgaria's famous power lanky
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flatbread. but 1st meet 2 rocks the world of classical music yet again opera star plus you know domingo dropped out of a production of verities macbeth on the eve of opening night at the new york metropolitan opera well it was to be his 1st u.s. performance since sexual harassment allegations against him were made public just last month. this is what feels concert halls around the world. to. allegations of sexual harassment against puffy domingo have grown so known that one day before he was going to do to perform at the metropolitan opera in new york to see him and cancel . we were really looking forward to hearing the voice but.
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