tv Business Deutsche Welle December 2, 2019 3:45pm-4:01pm CET
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this is now and if it's to go to the ongoing protests. this is your business report i'm seeking bears in berlin thanks for joining us united nations begins its 2 week climate summit cop 25 in madrid today world leaders there face pressure to prove the political will is still there to avert climate catastrophe an inevitable focus will be china where concern is growing that a slowing economy is leading to a resurgence in coal production. china is coal country it burns around half of all coal used globally every year that's part of the reason why it accounts for around 30 percent of global carbon emissions. but it's also the world's leading market for solar panels wind turbines and electric vehicles a paradox made possible by the monumental scale of china's energy demands. amid rapid economic growth over the last 2 decades chinese greenhouse gas emissions
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rose sharply but a government led war and pollution saw a decline in 20152016 however emissions are rising again and with chinese economic growth at its slowest rate in 25 years the government is reducing subsidies for new builds and reviving its support for coal one u.s. based energy monitor estimates that china is planning to build new coal power plants with a capacity of $148.00 gigawatts that's equal to the entire coal capacity of the e.u. . han chinese government pledges on a mission reductions that have become noticeably more watered down in recent times woman. we will go on the one hand you need to continue to work hard at addressing climate change. but on the other hand we are faced with multiple challenges for a developing economy that we must improve people's livelihoods and reduce poverty
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was also controlling pollution giuliani you know that we have our pressures and challenges but we will still do our best to fulfill the promises that we have made universal to look for. even in traditional cold heavy regions such as shan g. in northern china solar panel installations became a feature in recent years. but it's still cold that's keeping their home fires burning. and that doesn't look like changing anytime soon. more on this i'm joined now in studio by correspondent for taiwan william young william it's nice to actually have you in studio for once instead of seeing on the other side of the screen this report i find it fascinating 148 gigawatts of coal of electric producing power in these coal plants we heard how much that is i want to 1st ask though what does slowing growth in china mean for meeting its climate pledges how does that translate so actually the slowing economy means that the government has less leverage to actually fun all of these like large scale energy
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programs so what they are actually trying to do is to end all of these large scale . energy programs subsidies and then switch to actually either no subsidy or bidding a model so that they can actually have more leverage to actually focus on the poor region in the country and we talk about these coal plants this massive uptick in construction of coal plants one of the reasons behind that what is trying to say so china has made it really clear that its economy is actually putting a lot of pressure on the development that it's trying to chase down so in order to offer the amount of electricity that the whole country needs it actually needs to revive some of the coal power plants that are either suspended or even need more so that the whole country will have equal access to the electricity that they actually need now when times were good in china the economy is going better did it make an
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effort to really build out renewables or maybe provide more electricity through renewables instead of traditional methods like fossil fuels so it's actually debatable. because in larger cities where the facilities are able to actually offer electricity through these renewable energies they're actually able to do that but in the report that we see in the poorer regions of the country the full thirty's at home are still very primitive so they connection between these renewable energy plans to households are actually lacking still so that's the challenge where it's limiting the ability for them to translate the renu energy investment into the actual electricity. providing now as we know here in germany as well build out of these renewables bring them into the grid to the regular grid can be a challenge william young taiwan correspondent here in the studio for us thank you very much rather than. american companies are rapidly losing their
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appetite for major investments in germany that's at least according to a recent survey of 100 top u.s. companies currently doing business here only 2 years ago a survey of senior managers by consultancy k p m g suggested that 47 percent of those companies would be making investments of over $10000000.00 in germany over the next 3 years this year over the same survey suggest that only 24 percent plan on investments of that magnitude of germany's high marks for its logistics infrastructure are also dropping 2 years ago as many as 72 percent of the companies rated germany's infrastructure as tops in europe today that's fallen to only 60 percent of managers sharing the view a complicated tax system high labor costs and a scarcity of skilled workers in europe's biggest economy are adding to that gloomy outlook according to the cape study. and i'm joined now by war and marines with us does of of k p m g which of course commissioned
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a study war and thank you for joining us you know this economy the u.s. economy has been so good it's been booming as we've seen even as there's been a global slowdown would that not translate to more investment actually here in german properties you would think so wouldn't you however we've seen clearly that the amount of foreign direct investment in germany is been on the decline since 2014 and that trend is continuing and as you mentioned in our survey the companies that we that we asked they clearly are pulling back their investment and focusing and more on core business as opposed to expanding existing existing businesses or making acquisitions. how much responsibility falls in the trade conflict that we've seen since last year. you know it's really hard to say how much is the responsibility of the trade conflict clearly on both sides there is
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a there there is a reluctance to make additional investments and wait and see how things are going to pan out i'm not sure that we have information that they clearly says that that's the reason for it but i'm sure it's a factor. no one hold on i want to play a clip from franks for laurie he's president of the american chamber of commerce in germany we talked with him earlier about this same issue and here's what he had to say. the signals have been out there for a few years by the way american companies have been talking about the problems with digital infrastructure energy costs bureaucracy and interest in only one of the positives they always mentioned was political stability and now we can't even really talk about that anymore so there certainly is work that needs to be done and there's too much at stake to not take these kind of surveys seriously. though mr supporter laurie later clarified there that by political situation he means the rise of a right wing party that's been pretty successful here in germany do you believe
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that other american businesses are looking at that situation and seeing a little bit more instability and that there are any concerns over that you know i agree with everything that frank said i'm not i'm not really sure that political instability is a key reason why u.s. companies are looking or investing less i think there's a number of geo political issues that are that are that are contributing to or so than that and as frank mentioned the issue of if a structured decline in the backlog and if a structure of projects that germany has been grappling with over the last few years is is of course a key factor as well all right we're marine with german financial services firm thank you very much for joining us. you're welcome. and the recent elections in hong kong showed widespread public support for the pro-democracy cause that's advocates winning almost 90 percent of the seats now specific industries are beginning to back them stray sions. they are in the central
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business district of hong kong advertising industry workers states to rally on monday in solidarity with the protests against beijing hundreds of advertises now a p.r. win when they see one and that's exactly what last week's elections were for the pro-democracy cause the web is a planning to strike this week and they want other industries to join them since july and since all those movements and protests the government seems to do ignoring the sound of the majority of people so that's why for all of a dozen industry who want to take the 1st person out of business to speak the strike to get more russian politics pins it's quite difficult to get industry to go on a strike to get it so now we are thinking maybe we can be. the one who kicked off this thing. the advertisers chose
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a silent protest for their attempt to be heard in beijing well if anyone knows how to get a message across it's them. through some of the other global business stories making news swedish electronics maker ericsson says it has enough capacity to supply europe's 5 g. infrastructure ericsson manager frederick yet said europe would not fall behind if chinese firms like huawei were excluded from building high speed mobile networks to security concerns. now the outgoing governor of the bank of england mark carney will become un special envoy for climate action and finance in january for a position was last held by us democratic presidential hopeful and billionaire michael bloomberg carney will be paid $1.00 a year. unfortunately that's it for me in the business team thanks for watching.
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for 4 degrees of global warming what difference does it make the show. and we visit the 1st climate monitoring station in africa and explain why it's so important. to also examine how dangerous the melting permafrost is and what missed so involved in geo engineering the climate in focus on this. subject and 30 minutes on d w. what secrets lie behind these walls. discover new adventures in 360 degree.
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and explore fascinating world heritage sites of the. world heritage 316 get the map now. it's all happening coach of british a friend of. your linked from africa and the world. your link to. sumption stories discussions continue and will come student news after clean program tonight from funny genevieve from the news of the z. town i would say de deputed comes to africa join us on facebook d w africa. i'm not often. well i guess sometimes i am but most of the things which i. think sneak into the german culture looking at the stereotype clad in here thinks he's a country guy and i'm. here. to pick his grandmother
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via t.v. it's all that. i might show join me to meet the german bund you. post. this is due to the news live from the united nations climate summit opens in madrid . do you really want to be remembered as the generation deathbird to send. your own secretary general says it's all saved by carbon neutrality by 2050 also on the program also as prime
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