the. business news live from berlin e.u. leaders say lifting vaccine patients won't be a magic bullet in the coronavirus and demick they've held a 2nd day of talks and are pushing the u.s. for a concrete plan india's prime minister who's facing a domestic crisis to join them via video link also coming up. dozens are killed in multiple explosions near a school in the afghan capital most of the victims are female students aged between

11 and 15. and by munich when their minds straight going to sleep good title 2 weeks ahead of the end of the season the variance celebrated after crushing back on saturday evening. i'm told me all a lot of warm welcome to you e.u. leaders have wrapped up a 2 day summit dominated by the covert 1000 crisis in india they agreed to restart trade talks with delhi but there were divisions over a u.s. proposal to wave patterns on coronavirus vaccines. heads of state and government gathered in spring sunshine in the portuguese city of puerto. uppermost in everyone's minds the relentlessly rising death toll in india the european

union stones to be buried with india at this critical time we always. and we are ready to provide for the support e.u. leaders agreed to resume negotiations on a free trade deal with india the talks broke down 8 years ago also dominating proceedings a controversial u.s. proposal to lift patents on covert 19 vaccines india strongly supports the idea as a means of opening up new sources of production but bigger states oppose the plan they want to ramp up their own output instead. i just not believe that giving away patents is the solution to making vaccines available to more people. we need the creativity and innovation of those firms and that is why i believe in

patent protection. should. some member states also criticize the u.s. and britain for stockpiling vaccines. for liberalizing vaccines other simpler things should be done such as removing the export blocked at the u.s. and the u.k. continue to maintain bear in mind that the e.u. exports as much vaccine as it gives to its own citizens. as the summit wraps up europe is passing the ball back to the u.s. challenging washington to come up with concrete plans for waiving vaccine patents and to start exporting much needed jobs beyond its own borders. spain was one of the worst one of the countries in europe was hit by the coronavirus now it's ended its national state of alarm in place since last october domestic travel

is permitted again but each region is still free to impose its own containment measures critics say the new policy will lead to confusion and a new virus. the moment madrid has been yearning for. at the stroke of midnight freedom at last the. euphoric revelers packed into puerta del sol square to sing dance drums and drink with their friends. and. now here we do know it's been really tough so we were expecting this turnout we're super happy now that all of this is coming to an end is the theme there were similar scenes across the country like here in barcelona where pandemic weary crowds kicked up their heels in the city center and it's really very moving i keep thinking wow great to finally be able to connect sync to have a good time and to say how i see now that's an important moment.

for the emergency decree gave regional authorities a legal framework to enforce nighttime curfews and travel bans now for the 1st time since october people can move freely between regions. restaurants conserve tables again along with bars they're allowed to remain open into the night. spain's vaccination drive is picking up pace and the infection rate has stabilized some worry that a domestic travel surge and increased socializing will lead to new outbreaks but experts say the combined effect of past infections restrictions and vaccinations all served to turn what could have been spain's 4th wave into nothing more than a ripple. here are some of the stories making headlines around the world the fighting between militants and government troops has resumed in ethiopia is to dry region international food aid convoys were unable to reach civilians after the

military blocked a major road ahead of if all the ducks church is accuse the government of carnage in the 6 month conflict. israeli police and palestinians have clashed for a 2nd night in jerusalem the day after violence rocked the al aqsa mosque compound thousands of muslim worshipers gathered there on saturday for the holiest night of ramadan palestinian medics said more than 50 people were injured. pro independence parties have won a majority in scotland's parliamentary election 1st minister and leader of the scottish national party nicholas sturgeon says there is no democratic justification whatsoever to london to block a new referendum on scotland's independence from the u.k. . afghan officials say the number of people killed in multiple blast near a school in kabul has risen to 50 explosions went off in a largely shia muslim neighborhood that has faced attacks by so-called islamic

state in recent years no group has so far claimed responsibility afghanistan's president is blaming the taliban it's denied the attack instead pointing the finger at militants. just hours before they were school children preparing for the future now they're covered bodies lying on a hospital floor it is a sight that has become all too common in afghanistan. multiple blasts went off outside the siad school in western kabul as lessons ended for the day many of the children killed would have been on their way home to break the ramadan fast with their families. i was with my classmate we were leaving school when suddenly an explosion happened my classmate was killed 10 minutes later another explosion and then

a 3rd one everyone was screaming and there was blood everywhere i couldn't see anything clearly the attack come just 8 days after a truck bomb at a university entrance south of kabul left $27.00 people dead de vry from china's biggest rocket has fallen into the indian ocean near the mall deaves occupy lego chinese state run media reports most of the vehicle disintegrated and burnt up as it reentered the atmosphere the rocket long march 5 b. was launched last week and carried a section of china's future space station 10 more launches a planned to take parts of the station into orbit the rockets in terms of ends days of speculation about where this 30 meter long unit would keep its space experts monitored the rockets uncontrolled reentry closely since it was the biggest piece of space debris to tumble back to us in 30 years. earlier i

spoke to keith cowing editor of the space news website nasa watch dot com and also why this why the rocket debris had been causing so much concern. when you normally when you launch a rocket the u.s. and russia and so forth you have the 1st stages console playing with a prop here and after it sends the rest of the rocket further out it fires its surgeons in comes back to a specific claim spot in the middle of the pacific ocean this large rocket did not have that capability so it was just left in orbit it began to tumble and when it tumbles like that it is a little bit of air there because very difficult to pursue eisley determine where it's going to come back and that's why there's this big guessing game for the past several days and so you know there are some indications that rules international standards for debris and for your tree really need to be enforced now on this this incident will probably have fuel to that activity that's going to say that's looks like a close shave what exactly in terms of regulation can be brought to intent to mitigate

this you know the kind of risk well there are trees that are a very jackets old at this rocket for example hit something and people of the government who launched a sponsor for the previous month of this rocket did land in the ivory coast and several buildings were damaged now and some large pieces of debris landed the luckily nobody was hurt so just because we've been lucky 2 times there's been the you can just keep doing it this way so like i said i suspect if we go sheesh ns will soon be happening here how to inhance the ability of these large rockets to be brought back to earth in the sea in predictable fashion. keith cowing editor of the space news web site nasa watch dot com talking to us. football and buy in munich are champions for a record 9th time in a row their title was confirmed before they had even kicked

a ball on saturday as dortmund beat 2nd place earlier in the day. and have wrapped things up with 2 games left to play and given a perfect send off to coach. who is to leave the club at the end of the season. now that saw the champions in a relaxed mood against one back which spelled bad news for the visitors especially with lethal striker chasing a record of his own. in munich 9 was the magic number moans 9th street was in the bag before kickoff well up front their number 9 robert live and was on a personal quest to break rulers record of 40 league goals in a single season. the polish predator scented blood and he punched after just 2 minutes for good $37.00 of the campaign was close but still harbor hopes of european football next season no wonder they were so frustrated when thomas miller's weak shot squeezed in to no byron. and 34 minutes live in

his 2nd was a sumptuous volley for goal number 38 then the poll showed his unselfish site to set up kingsley command and buy him a sure of going into the break i am i have a goal 39 a rifle from the spot 66 minutes and even zoos red card couldn't stem the flow. so this time it wasn't even dusty was rounded off a humiliating defeat for bloodbath in 86 minutes before the celebration started it was as much a farewell to the flick as it was a championship party the coach signs off in style ending his brief stint in charge with the 7th trophy to his name. as i was nothing. title and everyone saw it coming so here's

a look back at how the season. so chancy flick was unable to repeat buy ins prolific trophy hard from last season and an apparent of rift with his superiors likely brought his time at the club to a premature end. but on the pitch it was business as usual by and demolished child to 8 no in the opening game of the season. robert even thought he proved once again his nose for goals he's well on his way to setting new industry gold record. i get so much about this season was unusual the coronavirus pandemic meant that most games were played without spectators plenty of just so and there was nothing normal about by and losing $41.00 to hof and haim early in the season the champions responded however in typical fashion by going 12 games unbeaten and it would be january before the next defeat at. but i

think their form was never quite as imperious as in the 1st half of the season but they won when it mattered a one no victory at like 6 in the early april all but put an end to the hopes of the closest challengers. voted for to even click surprise announcement that he would leave didn't dent his players winning mentality and once again they wrap things up with games to spout. off like it's alfie does in by on and with the position of national coach soon to be vacant could it be prudent top germany. in an early saturday game gotten beat lives away to a loss and at leipzig stifle hopes and handed bind munich the title. scored 2 or 3 goals the england international displayed some brilliant ball control and accuracy here to make it 2 nil. and

then let's look at son chose to have a back hill. back to him to seal the victory with 3 minutes to go. watching news from the. next and that's it from me i'm told me all a lot of riches is up next stay with thanks for watching. these places you know for smashing. step into a trench or. treasure map for modern globe trotters discover some of the record breaking sites. and also in book form.

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i. mean. thomas moore that is one of the kind of work he does on the pitch it's so simple but it's ingenious the perfect run with the puck type i look at the school the time it doesn't matter what the school is himself quite the system. he is one of the most successful players there has ever been and yet no fan really

has it on their radar as a superstar maybe because he's dribbles don't look like little misses. maybe because you never know for sure whether it's just luck or skill. and the thing is. i'm a glimpse into a robot in the group is kind of. at 1st glance his game looks unspectacular in style. was a before. it's only when you take a closer look that you appreciate his unique ability. as a world cup winner 2 time champions league victor and 9 time put in this league champion no german player has won so many trophies played so many champions league games and assisted so many in this league goals like no one else he is always in the right place at the right time in germany he's known as the round the way to an english. couple so once he's around boys why is miller one of the most on the rights of players in the world let's take a look. at.

there is simply no one like miller in the football world a rare one club man who has been wearing the buy munich jersey for 21 years. 'd and there's one thing he's always had in his d.n.a. 'd identifying open spaces even when they're not yet visible to most. always knows unlike some of his opponents where to move and where the bull will end up. what makes him special here is one could say life who steps i have confidence in the summer of 2020 1000000 explained to the foreign press exactly what his round ball it's a position means my biggest quality is maybe the game without the ball to get in the right space to the right time maybe this space to protect in

classic miller style he coined the round boy to work himself. some players especially. sense for. respect your awareness on the field they recognize and their surroundings pretty well they we begin with those of a player who. is reading or. experience or you know like. or anything like this. or is it how would you know. this male tare and stats form analyze football matches around the world and advise top clubs such as liverpool and ac milan they recorded analyze and visualize thousands of thomas malisse passes shots and runs. you can see all of malicious passes which led to a shots on the hands flick in this example from a match against braman you can see the bull has moved out wide in order to create

a chance for his teammates. almost what i want to there is very. wide range. of spaces. players like nabil. who's actually playing as a central midfielder slides into space on the right which opens up through the middle. looking at the match footage movement and eventual cross doesn't result in a cult. but a similar move saw move that anchor mabry combine for a goal in that site match. it's one reason one that has made more assists than anyone else in this league history. he is not stuck $163.00 in germany more than a sister king going gigs in the premier league all italian maestro francesco totti only little messi has assisted more. burst onto the scene at just 19 under his

mentor louis van holland in 2009 he was brought in to compliment and seam of established stars this time we had the big play makers with us enshrined in the middle and. our famous a robbery and the robin on the wings they had a lot of the time the ball in their feet they needed a player to attack the spaces then then they can use that as their quality in the rippling or in passing he made an immediate impact as a creative force but look also stands out in front of goal why because his awareness allows him to pick the perfect moment to take shots. at his shop selection is represented here by different colors red means a high scoring chance blue represents a lot of shots. so what we see here is fierce position where if it's very few shots. expect of course were shot as well cross over very few shots fired. the calm

way to wait before. you try one of the best players in the world. well it doesn't mean to take a lot of shots to score a goal like other players he's extremely effective he's often in a position which distinctly he can be the most dangerous sounds pretty simple but it's not something that comes naturally to every player. does anything intuitive but c.n.n. those designed for guns good. for their fortunes are won by a common condone what one is in this under is for but i don't like my. displeasure it is mine that's installed by the v.m. mining optional what was. then this used. before and of which problem of those that call it on by finest. as it is in the middle of the. thomas mill that is the ground but all the others who have similar

skills muscle some bits are from leipsic perhaps or jose california from feeling tina maybe delhi from tottenham in any case none of them cover the round though it's a role as good as mother when you look at these pictures you definitely don't think of a football superstar but mother has been playing consistently at the highest level for more than 11 years and he's won almost every trophy there is to win the game. he's also remain fairly grounded some players would have capitalized on the round though it's a brand new marketing ploy but the boy from a small but very in town is still playing football simply for the love of the game . is like. he works a lot for 90 minutes like to plus. this wrong as well to his brain so. this is what is known as a player radar records the 10 most important key figures for any football for

example the average goal probability shot. the blue area shows an average player in the top 5 leaks is thomas miller in 10 values he is above average and in these 5 areas he's performing at the top international level so world class hardly any other player in the world has such a cruel range of quality. very good. but also the style. is pressure weekends are very high. this makes him special. looking at the dates how one thing is very clear the combination of the strengths makes 1000000 unique and one of the most effective players in football and he's been doing it for years but not everyone has appreciated but his skill set in the summer of 2019 buying coach nico kovacs wants to build his team around philly timeo who arrived on loan

from barcelona. i came in a squad player the gamble didn't end well. after an embarrassing $51.00 defeats eintracht frankfurt kovacs was sacked successor handy flick immediately brought back into the fold at the end of the season continue over terms of barcelona as miller started bines treble winning season. miller was also underestimated in the germany national team in $29.00 seen coach york in love wanted a fresh start time on miller's international career his love affair with germany was cut short run of the shirt front up lots of his or her child on this but has been us. the place since then germany have fallen from one embarrassing defeat to the next. one is in their measure your sorry which really is nothing else. in some ways it may have helped miller he's gone from strength to strength and has

continued to develop his game he used to focus purely on attacking terrorizing defenders mainly on the right here we can see that under flick miller drops the puck and spreads across both wings and tracked back in defense to help his team win back the session. he's also one of the loudest on the pitch. as he attempts to fire up his teammates. after all his records titles and the game foreman says he is far from content his motivation remains just as strong. suit. really excited to see him one day maybe. because like you have a special mentality to be on the pitch now with. the big games with all the fans

you see. is in fact. as a leader. as a director on the pitch but. the. passion drama competition. is here powered by intuition hate. crimes but.

it. made me turn. as long as their dream. comes with start ups and business ideas they are setting the financial world on a sustainable course. green investment change the world. the. acrobatics on me. it's where contortionist stephanie meaning is in her element. she searches for extreme locations for her shoots. climbing up them is a thrill in and of itself. lift off.

the woman. in 60. w. . in the eye of climate change. africa's most of. what's in store for. what i used to have for the future. e.w. dot com you can make your cities to go multimedia insight. into. climate change is transforming the earth at an ever increasing pace. a new movement wants to stem the tide. with money. invest 2 in a sense investors determine what happens in the world of those. young influential millionaires want the world of business and finance to go green.

leaves are time's running out and we have to act i'm good. for decades environmental protection was seen as a money loser for the rich and powerful starting to change course the world isn't just changing up a bit if it's changing a lot we need to be prepared for what i think. is a city awash in money. it's financial institutions manage more private wealth than anywhere else in the world. zurich is the secret world of the super rich you must not go into sets and most people underestimate the extent to which wealth is concentrated for example in germany today the richest 45 families control about as much capital as the poorest half of the population that's quite similar in the rest

of the world when the nightgowns invents it does indeed there are some 32000000 millionaires in the world and about 2000 billionaire families they are just fine you know and of course these billionaire families are preside over an immense amount of power through their companies and capital of all to see a computer or not referring to billions but trillions worth of assets and that's where we come in and dozens that's needed on. those that you know at the university of zurich fikile pets ought to studying the impact money has on climate change. that ok as a former investment banker he has access to the financial elite. this is no ordinary workshop the wealth seated at this table is a mets. the participants are young for casual wear and want to change the world to get the ball. but. what is the bowls that you do so you're going to see again. how some of the participants come from very

wealthy families. they are heirs to huge fortunes and have influence to match. pets so it wants to win them over to making more sustainable investments. like this at the super simple it's going to be you know so i understand what i do with my money hasn't been the worst and i'm intelligent you were to take it serious. psychopaths what collects data that no researcher has been able to gather before from confidential interviews he learns that many super rich people want to. investors stain a bully they just don't know how. this is to go so the most important thing is i think the background and when you were actually a university unit becoming we need research about how sustainable investment can be scaled and get it to the point where it can help change the world and that's why we need research a 2nd aspect is how to bring this information to people who make the investment

decisions you know but that's why we've gone beyond simply research but also offer training programs and workshops for people who have a real influence. on tony's shots from germany for example he belongs to a wealthy family in germany. his motto is to use money to combat climate change that's. the most important aim is to create a sustainable civilization our way of life focuses on growth and consumption and that has to change. even when you think about it what use is having all that money if it ends up worthless because we're living on a planet that is sinking into utter chaos. she's a superhero as a role model. i found batman exciting because he led a double life there have been times when i would have done that too much more than

now these days i'm more open about issues of wealth because i want to inspire others to take the same direction it seems to be in. shorts wants to use targeted investments to make the water column even more socially and environmentally sustainable and raise social awareness. if. wealthy young millennial generation born in the 1980 s. are forming a new class of investors they're not just looking for profit they want to change the world. but my goodness my generation still has that youthful shake things up mentality that's part of being young that burning desire to tackle and justice. every generation goes through that young people taking up protest against the system is a very important part of this process of renewal and change protests we've achieved

a lot with our standard of living but it has often come at the cost of others or the environment of course but that's something we need to address and. it's not just investing his own fortune he's hoping to raise money elsewhere to above all with the aim to combat climate change it. it was rather he's not alone in his search the roots of an ethical investment can be found in churches in britain for example. doing god's work and at the same time it ministering while. i think at the heart of it is that we have to we're pension fund we have to provide a pension for $38000.00 beneficiaries but we recognize there's some real fundamental challenges to our ability to do that and one of those challenges is climate change it creates how companies interact with the environment. the church of england is the 4th richest church in the world. adam matthews is the

director of ethics and engagement on its pension board it has billions of pounds worth of shares including in companies that are climate killers. the. collapse where you call over 270 people having been killed when that happened it was just very clear that we needed to mobilize us the tone as an investment manager has to say right something has to change this issue and this this disaster will change mining forever as a result of the work that's going on at the moment. after the disaster the church of england sold its stake in the mining company that managed the dam. and. for. the value of the company's shares plummeted. by new investors snapped up the shares so the brazilian company wasn't forced to change its policies. now the church of england is striking a different course. for me this investing is almost

a failure because you've not been able to get the change you want and there is an opportunity on many issues to exercise that influence from the shareholder base. adam matthews has shifted strategies together. at other major investors he wants to exert pressure. for the church of england that means emphasis on transparency when making information about a company's environmental policies public the church even has its own database. 101 another that is just like not even acknowledging climate change and these are the largest coal producers in the world you can see that people are going to start differentiates in a very significant that we didn't sectors around other can best. matthew says the strategy is already bearing fruit climate change has become an investment risk. you'll see in much more collective interventions by shareholders the ones that we

make we fundamentally recognise individually we will achieve very little bite through engagement just by ourselves so everything we do is stated towards a sort of collaborative approach where you can mobilize those trillions. matthews is preparing for a meeting with the oil giant shell he wants the company to become more eco friendly . or it's early in the morning. here in the harbor of thrums or in northern norway a special investment project is setting sail. a hybrid electric brim will take passengers on tours of the arctic north. investor right to new start is on board for the 1st time. the millionaire wants to promote technology that helps replace fossil fuels and invest in new ideas that benefit the environment. we invest in brame. we call so we

think it's very important to have a bed for incision from fossil fuel in the shipping. industry to electric and hybrid. cause the pollution is. a big problem. the shipping industry is responsible for more than 2 percent of annual global greenhouse gas emissions. are news out of no doctor comes from iceland. she hopes that new starts investment can help transform the industry by using electricity to power ships and reduce the use of diesel to a minimum. this movement doesn't is necessary i think industry has been doing a little bit so politicians have been moving a little bit from the last years but the big mover is the one sitting on the money so basically if we are to get a real chance those 2 place the money they are those who can make that change is

the person this is. on board sustainability is the key factor the vessel built with recycled materials navigates the heavy seas her. her. partner docked there and now stars are convinced the future of the travel industry is green the ships powered by the equivalent of 10 tesla batteries 90 percent of its excursions use no diesel. clean and silent the brim makes its way through the i.c.c. legal research has shown much recently that most pollution is a big problem for animals and in the ocean all the way our dependence on unhearing in southern able to be able to communicate. most to find its main

story just in general communicate in order to hunt together and they're both our cousins humpback whales which we often see here are very dependent on. the new vessel has already attracted the interest of other investors. large shipping company is hoping to work with dr on sustainable technology. is more than pleased with his investment. because this is a great project it's a physical project that's it's you can feel and see that those 3 progress story although it's actually doing something. positive changing the. tourism is right there was to say it's in the way it's a great experience. for the norwegian investor sustainable tourism is just one piece of the puzzle to prevent a climate catastrophe the investment industry must go green.

in london on 20 shots or searching for sources of green money he meets with representatives from industry and politics to discuss dormant accounts some years ago the british government began distributing funds from these accounts to boost sustainable projects. germany has yet to follow suit. here some 9000000000 euros lie slumbering and abandon accounts. their owners are deceased or can't be located as fox wants to use that money to launch a sustainability fun to promote green projects. the u.k. has already put 300000000 euros from abandoned accounts to good use. untarnished watts is convinced it could work elsewhere. but this but. that's what i found out is that this is also possible in germany. we've already spoke to banks who would be happy to solve the entire matter but even those bank accounts are very labor intensive for them and hoping to create

a win win situation. it's the banks will benefit society will benefit and the german government will align its laws with international standards. he still hasn't won over politicians or the banks in germany but is determined to keep striving for a better world. a world in which the oceans off the coast of norway would be spared the effects of pollution and overfishing. the ocean is the source of much of the country's wealth but the maritime industry has been slow in protecting it properly. startups in oslo are looking for solutions. one idea is a design for underwater traps for sustainable fishing. the startups founders need funding. for investors like talk about new start it's a chance to save the world and make money. the goal is

we're looking for the best farmers that focus on solving problems as a core of their business using technology at scale that. making a huge positive impact on the world at the same time as making great profits from ashley. is heir to a norwegian real estate empire he's determined to prove the finance sector that environmental protection can bring a profit. to start and his business partner. have big plans in store for the startups to get the nod. or receive training from mentors in finance and industry. the risk their goal is to help the starters. were willing. courage change across entire industries. i suppose. the response. is the world of finance ready to go green for their projects to start and power are planning to use their influential network and banking industry. much like lobbyists

to connect startups to the corporate establishment and introduce young innovators so the older generation of investors. will not be more technology to to really be we can not walk with you know the must take. the class to be ourselves again must understand how much fish are actually hosting a fish over fences and the current state of the ocean to understand that it can also continue to get in a much better way than previously so this is where us technology enables us to have . and that i think also is something that the new generation is coming to have maybe have a more docs real estate about this comes this wealth than made their parents or grandparents live a 2nd world war and using new technology to solve urgent problems and earn money in the process. that's the goal. but what will it take for green investments to truly take off. so it is convinced that

this will only happen once people are convinced it will turn a profit. then people think that when they make sustainability an investment criteria they'll automatically lose money and then that's not true for you you effectively lose money when you don't have all the information relevant for development of your investment investment and today the relevant issues are climate change resource scarcity and depletion social stability does the study today drive the economy and determine the value of investment of time if you don't take that information into account of the man you're a bad investor but for the finance world that hasn't quite sunk in yet it was good enough finance that. this is the headquarters of one of germany's largest asset management companies and munich. is responsible for billions of euros . almost quartz headed the 270000000000 euro investment branch of the world's largest reinsurer munich re until june 2020. he's been

involved with sustainable investments for decades damansara i think if we had to funds back then to mutual funds the may add sustainability fund which was an international equity fund and may add climate change a fund that invested in solar panels and solar parks parts exact then no one was interested went down that's manic sustainability the equity fund took a long time many years before it was taken seriously on the market. to market and we had to close the mad climate strategy fun no one invested in it. today may exist in the bela he is one of the companies most successful products in this and has robust growth. stockmann. attitude has also changed back then it was a visionary missionary concept today sustainability is reality and if you meet it.

a recent study has shown that the world's largest companies face up to one trillion euros from climate change impacts. court says the message is beginning to sink in. either he said by each bar here represents a study the same question was asked each time is sustainability good or bad for performance list for the serious 2007 year for me back then every investment in a solar or wind park was a risky one and here you see that beginning in 20162017 that turned around from here on investors gave a different answer for sustainability became good for performance it could put the performance. of. the wind of change is blowing in the investment industry but why is that is social pressure having an impact. in bomb globalization analysts josefa is addressing young climate

activists he's convinced that the wealthy stand to lose a lot of money to man a fly had to have my freedom means that i can board a plane a 100 times a year fly to 7 different marathons around the globe that feels like a wonderful freedom but what if that's no longer allowed and the days of international marathons are over as of any field busy and i'm wealthy i'll want to help prevent this catastrophe if only to preserve my own freedom to top the top emitters need to make their companies climate neutral that's now becoming a huge issue of. sustainability is also on the agenda at a meeting in this london bank church of england representative adam matthews is meeting with members of the global investment elite to encourage change. some companies actually put in more effort into the notion of trying to respond

they never took the work and actually invest in to transform themselves which is top show executives in the tendence. adam matthews and his team want to confront the oil executives with some cold hard facts. today's been about space we understand in which oil and gas companies which mining companies and which electric utility companies are genuinely starting to transition their businesses and which element so that we've got clarity as investors about where we need to focus our attention and use. leaders of change with those companies that aren't progressing false north. but as adam matthews knows the most powerful weapon in finding climate change is forming alliances with other investors. stephanie pfeiffer is on the steering committee of the climate $100.00 plus initiative well i think what makes it so powerful is the weight of the investors behind it you've got

$36370.00 investors with $34.00 trillion dollars in assets engaging with the highest emitting companies globally at c.e.o. level it is being taken very seriously and it has been accepted that we we all need . the investors are worried about what will happen to their money if the oil giants don't go carbon free quickly enough. will the industry face stiff penalties and will the value of their investments plummet. in a show of strength the shareholders convinced the shell executives to enact a new policy linking their salaries to successfully implementing carbon reduction measures. this is one of the largest oil and gas companies in the world through this it process we were able to negotiate the 1st of a statement between invest. there's. going to gust company but the question is is that change sufficient from the level of the challenge that we're dealing with and

i think that's where there's still a lot of work to be done. but time is running out especially for the younger generation. they're demanding far reaching changes to the global economy. but sustainability expert yourself warns against changes that are too radical. doesn't do the ghost in the us our market system is one of the greatest achievements of humankind and we've created an incredible machine that provides us with all these goods and services of his for playing we can't let it grind to a standstill any changes we make to this machine will be a kind of open heart surgery. the machine must continue to keep beating while we change it from the fat end up to save the climate and our prosperity traditional industries will need to be able to shift course without going under and investors have a key role to play invest one investors need to understand that in capitalism what

happens in society is significantly determined by decisions made by investors inside of us and to we are those investors the muslims we have to ask what's happening to our money that our shares in major companies and how can we influence them and him that's what we need to focus on it and we need to do it in a way that does justice to the scope and urgency of these issues. good. issues that concern these affluent international millennialists. soit has brought them together for an evening event in zurich. 'd the idea of sustainable investment has also won over this young millionaire from brazil. so we decided to do is really south to this. the guardians of the ends to create a community where we can have the periods change and also education and how we can

maximize our impact to all the world all of our portfolio. not only are wealthy individuals going green they are creating networks from families to loans from scientists to wealthy millennium goals to the international climate strike movement . the younger generation is determined to promote change. my main moderation is because i won't create the world where we all can be thriving happy people. and that's what i believe as a tech. we stand in front of a trial stroll out there it's going to hell is going to g.o.p. about oprah and we can influence that. choice and i want to go towards the positive is that i'm native. to the green investment revolution has started

and some investors have made climate protection their goal. but it's only now beginning. to.

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