it's quite as simple as it sings. to understand the world better we need to take a closer. experience no more rooted in. the case for innovation couldn't be clearer the world become a very different place and the pandemic is forcing companies to change the way they do business history shows firms that invest in innovation frew a crisis outperform the competition in a recovery if they survive that is it's

a balancing act the challenge is seizing the opportunity crises frighten investors and what's not to be scared about look at all the bankruptcy people out of work i'm happy i'm not in the hospitality sector and then i didn't start a business at any time in this crisis and of any type but what's going to happen to all those empty hotels and restaurants and the people who did launch a new business smack bang in the middle of a pandemic. kirillov a least a hotel during the pandemic most of her rooms are empty. no one's checking in today tanya henning has just opened a restaurant but she has no guests are certain prices brings opportunities and as a team we want to seize the moment. and we can keep this up much longer. having her own hotel was a dream come true for here in norway and she enjoys chatting to the few guests that come. despite the pandemic lloyd took the plunge and invested

a lot of money. but her hotel's occupancy rate is now just $0.12. we didn't expect things to be this and of course we're unsure we're worried about what the future will bring. 'd life partner patrick went into the business together. right now in the middle of the crisis we're real support for each other i think on our own each of us would probably have given up already. had. together they put several 100000 euros into giving the hotel interior a make over all their savings some money from the family to the plan and we obviously didn't plan to open in the middle of a crisis the planning was all done before that but we decided to go through with it anyway. we're just trying to delay the launch as long as possible. or

we saw our earnings that was the 1st month we thought was ok if it continues like this then we can live with it. will survive. and now we're trying to hang on as long as we can. get henning was thrilled when he was able to rent the restaurant. long dreamed of in downtown. and even though he has no guests right now and take away all that is ever allowed for him it's a huge stroke of luck. this is an opportunity if you look at the place there's just nowhere else like it in berlin and when you get that chance you have to grab it you can't do anything else. in the kitchen only opens at lunchtime from thursday to sunday the other days they just do what they can yeah.

we've got to know each other in this time and you know what it makes each other take we're also the processes involved in the business and the point of sale system accounting etc it's all been a slow introduction. they're doing in the basement parties. gave up a well paid job as a manager in real estate to pursue his restaurant dream. now he's living off his savings. back to the corona virus into our calculations but we also took it into account during contract negotiations the owners accommodated was extremely well $300.00 of plan demick clause in our contract. you sign a contract for 10 years you know things are hard for you $23.00 or maybe 4 months

at the beginning that's the blink of an eye compared to that 10 year contract and to do continue on. is also optimistic for now. we have no regrets about taking this step this crisis in particular has brought us closer as a team we've grown together and taken the hurdles together is a good start. one of their regular guests popped by recently with a surprise and. we were there during a difficult time. now that we're not doing so well with a covert crisis he suddenly appeared at the reception and handed us a box containing little gifts. and a donation of 2000 euros. and 5000. that was really a lot of money for him it was very generous and we were just incredibly touched i was moved to tears that someone could be so kind at

a time like this and want to support a side of the 'd. partner say they can hold out until april but after that they may well have to give up on their dream. incoming president of the united states joe biden says he wants to pump trillions of dollars into clean energy sources for many a ray of hope for others a nightmare like in the western state of wyoming where the coal industry is in freefall it's seen thousands of jobs lost the oil and gas industry is also feeling the pinch and green alternatives like wind turbines well they just haven't had enough luck as far as making jobs go so far at least so is this only a crisis or could it also be an opportunity.

welcome to gillette wyoming the self-proclaimed energy capital of the united states the energy. industry has been the backbone of this community for 40 years. but the $30000.00 residents has had a rough patch until just about 10 years ago coal mining here and elsewhere in wyoming made up a whopping 40 percent of the total in a christie makes in the u.s. now it's a 20 percent many tools a former prosperity mere memorabilia these days and things are not likely to get any better for the state's fossil fuel industries to the contrary president elect biden candidate biden said more than once that he intended to move the united states away from fossil fuels we take him at his word and that's going to be tough and we will we will do what we can to fight it but. the gas industry in

wyoming lost a 3rd of its jobs from $13000.00 down to $9000.00 in one year alone the coal industry lost 2 and a half 1000 jobs within the last 4 yes now only about 4 and a half 1000 people work in coal a far cry from what was once i think we're not losers for a coal industry in particular it's going to be a tough 4 years at least on the outskirts of the office and hang out for coal miners oil workers and all of this working in the local fossil fuel industry and they're all worried says office owner jim plate and to be cults he worked 22 years in coal himself before running his saloon. you know why people come and have a drink once in a while because they discuss their economic futures and they discuss their lifetime futures fears in this dollar energy if your energy prices don't go up we don't have any way to make a living that's the bottom way. or guess that's the bottom one.

but the new biden administration's economic plan locates $1.00 trillion dollars to renewable and clean energy for folks here so this is a nightmare we're not into the renewable energy but also fuels those words. those windmills running down with are not going to save anybody in this country. the new face of wyoming looks increasingly like this when turbine generators as far as one can see we're visiting a pacific or build on top of what used to be the glen rock coal mine 114000 acres $158.00 wind turbines are generating clean energy now pacific orifice owned by no other than warren buffett his holding company berkshire hathaway plans to invest a total of $6000000000.00 into wind and solar in wyoming that sounds good but

there's a problem clean energy doesn't generate enough new jobs and state tax revenue to offset the combined losses suffered from the declining fossil fuel industry. the real challenge in the state is trying to find him replacement activity people to make a living. and finding ones that they want to do i mean it has to match with your culture and your identity and so that stuff. people here always identified with coal oil gas and ranching rand is a 4th generation cattle rancher for many years he tried to make it by just being a rancher not anymore he's now old so the wind. today 15 when turbines on his property generated power for the grid and needed extra income for rick this changes benefited our family greatly this change is given us

a steady revenue it's allowed us to be. part of the bigger picture with the war on coal and not knowing where fossil fuels and what part they're going to play our country in this world needs electricity. back in july the city is betting on technology and new research that allows calls to become better carbon capture new coal products and hopefully a good working relationship with the incoming administration or the mayor this will make them when there's. going to give you the option because we are looking forward we have already been working with department of energy and if you take president biden at his word i mean he just wants us all to work together so i take comfort in that because that's what we want to do. seems like it's not all gloom and doom for wyoming embracing change will be key.

i mean change will sooner or later force the energy sector to change its ways so what are some of the sustainable opportunities i recently discovered the power of geothermal energy on a trip. it's spectacular and or inspiring knowing that fountain of water old guys they could burn you today if it's around $100.00 degrees celsius is a vast reservoir of readily accessible energy right beneath our feet in this climate friendly energy source is really tapped the question is why not. obviously it's not only the senate and stunning. geothermal power makes the land so nice hot and messy. and it makes clean electricity and heating for the isis. but not only iceland is blessed geothermal energy could power the world for generations to come and to best thing is we come to find some energy in every place

on this planet it's a sustainable eternity have to fossil fuels for countries around the world. in the nation states on the ring of fire and it makes us having. a shell in the world but it is still largely untapped and most people will never have heard of it and have no comprehension of what you do for a bullet. so how does geothermal energy work and why is so much of it still not being used. it's almost like going to london we want to lob a few bits on you really look pretty decent but. what a description of eyes in fact people did are very proud of how geothermal energy has changed a country iceland has moved to from being a poor country primarily your share in the importance of oil and coal change than we have transformed to our energy system and geothermal energy and renewable it's

became flies limp what chocolate and banking office which in the system creates heating our own night out of 10 houses and almost 30 percent to 60 let's start with a small one no one here what is geothermal energy. heat warms water that has seeped into underground reservoirs you can drill to x.'s it or at the tectonic plate boundaries to want to break through the earth's surface as steam or hot water all by itself. and if you're really clever you can direct that in which urban and generate electricity and after using it the cold water is pumped back into the iris and in inside the ears it's heated again on the way to the producing oil and hence what it's like a cycle of fault and cold water. and almost limitless renewable source that can be

used for heating and electricity. like in iceland where geothermal energy has become more and more important it was pushed in the 1970 s. when all crisis hit the world and shook tiny iceland as well from harlem bars or. from. any of the prices of like you sort of used. or speed. on almost all imported on was. a success story in many countries around the world are learning from iceland and are keen to use the technology back home and especially in indonesia this could be a game changer indonesia is an island actually a local because you can see south thousands of violins deligated along the equator and on top of the ring effect of volcanoes the so-called ring of fire. we just basically acted until now and it makes us having to be just get them up and shell

in the world approximately $29.00 go what's a.