part and how to ramp up in your goals at the same time so this is why we lag some kind of beat so phasing out coal for example via their european emission trading system that might work a band also to speed up the increase and. deployment of noble energy so this is more of the debates we had in germany we get to cope head of the market or research . it's an ongoing quite story a bit of. the arab spring began in 2011. people stood up against corrupt traders and dictatorships. all these moments. have left deep box in my memory.

they had hoped for more security more freedom more dignity. have their hopes been fulfilled. in the years after the arab spring the rebellion starts june 7th on d w. the future of mobility is electric more and more comic is our investing and that's resale production to become less dependent on the nation's supply of. meanwhile others are hoping hydrogen power will fuel the power trains of the future to acquire big investment in green tech. and it looks like fish never spent a day in the sea a california hopes its last breath. will. as the story would interesting.

welcome to the business i want to get johnson berlin good to have you with us. so the german cabinet is due to agree on tighter sector targets for carbon emission cuts today the move follows a court ruling last month that a 29000 nor did not go far enough to ensure climate protection germany is also seeking to gain an edge in low carbon technologies and this includes speeding up the shift to battery powered cars that battery production is currently still dominated by asian companies time for some comment if i choose to take matters into their own hands the car manufacturer to slow will soon be building hundreds of thousands of electric cars here near berlin and will also create a production facility for batteries according to company basilar musk it will be the largest in the world but it will face stiff competition in the battery production market german manufacturer of e.w. plans to build 6 petry cell factories in europe in the next few years and is

working on introducing a uniform battery technology. so far come in a factor is of being dependent on a handful of cell producers based in asia led by the chinese group c a t l which according to the forecast will hold 17 percent market share in 223 in 2nd place is l.g. chem from south korea with 13 percent followed by another chinese company. it was only on tuesday the japanese comic a nissen announced that it would pull the production of batteries for their electric cars together with its french partner renner the common factor is one to reduce their costs by using a standardized battery technology and everybody hopes to gain competitive advantage . and for more i'm joined by saint hill directed technology and innovation at cap and gemini engineering in munich the tabulate us. starting vesting in battery technology does this mean that electron mobility is now finally starting to be

taken seriously good morning monika absolutely it's fair to say that i think we have seen who is disabled speakers up for electrically calls in the past year and also in the quarter one of that year their electric bill it is finally taking off both in europe and in other markets in the uk so having the better as did your hardest to be a call it is a very wise choice for our o.e.m.'s for many fixtures to take them at their in their own hands now the pandemic has of course shown how vulnerable supply chains can be do you think that this is the only reason why i want to become independent from their base and plotinus well one hand the chief there depend then make the cheap prices they have shown us how fred child global supply chains can be but it's much more than that being a bettery you know it's the single most expensive component of what we are called today and it will stay that for the next 2 years so it's

a met the restaurant teach it comports importance to mosque that part of the value chain and also to use it as a source of competitive advantage and as we have seen in the no dissent deal to buy in on the scaling effects and economies of scale ok that sounds a larry well but you still need to the necessary raw materials what about dependence on lithium or cobalt where will that come from. actually that's a very good questions if you just look at the prices for raw material made elysium kobold manganese or nickel they all have have skyrocketed so not only having good necessary contracts in place to secure a steady flow of stills from materials it's just sensual but also another aspect is to ensure and this is vital for delia to ensure that those materials come from ethically correct choices so a much better grip on the whole supply chain from the raw materials to define

a product is required for delia know whether if to run their own self or if they sorts them ok so there's still work to be done peter thynne to there from cape gemini engineering in munich thank you so much thank you monica but. there's of course also hydrogen power and the demand for green hydrogen could skyrocket in the next few years and in the street us market as a low carbon alternative to fossil fuels i didn't production requires a loss of green electricity for example from wind turbines but the expansion of on so wind farms in germany is progressing slowly unfunctional wind turbines are being declinations so where is the green hydrogen coming from the look. this wind turbine has produced electricity for more than 20 years but no more. local farmer helmut evers can hardly believe it the wind turbine near hanover in

germany's north is no longer profitable because the state will stop paying some cities the profit per kilowatt hour will be halved how much ever thinks it's a shame. technician on the wind turbine was technically in great condition because we always kept our maintenance schedule up to date and the compliance body regularly inspected everything. or they determined that it could have continued to operate. out of idle. even so the capacity for green energy is increasing all the time and plants like this one this is where hydrogen is produced a c o 2 free fuel that is of course only green if it's produced with green electricity . uses green hydrogen to heat buildings and as fuel for vehicles. he's convinced that this energy form or birthplace

ponselle fuels such as oil and gas on a large scale. i believe we're at the beginning of the hydrogen age here that means the infrastructure that we just built here was prefabricated all manufacturers worldwide do it this way you have to go into cereal production to exploit real cost cutting potential so that these systems will become cheaper. to get. that could happen very quickly as the demand for green hydrogen is likely to skyrocket the german government wants entire industries such as steel works in germany to use only green hydrogen this is where the wind turbines come into play again huge amounts of green electricity from wind turbines are needed to produce hydrogen. isn't that however the expansion of on shore wind has clearly stalled in recent years there are approval procedures that are clearly too long and too complicated

there's also resistance from residents everywhere to new wind turbines. and then there would be the cancellation of state subsidies for older wind turbines helmut evers doesn't understand this and without the windmill and the subsidies he's just a farmer again. well for more on all that let's bring in chelsea delay ne who's joining me from the frankfurt stock exchange good morning chelsea culp profitable is it these days to invest to green energy wealth for financial investors this has become a hugely profitable strategy over the past couple of years here in europe we've seen investment and to green assets surged by about 300 percent and this is in part as governments try to make it more expensive to to pollute so as we move forward in

the transition and investors are having to more and more consider climate risk and our portfolios and we've seen a lot of demand for things like the shares of hydrogen companies tesla electric vehicle makers and this has been a very profitable strategy there's been research that showed green investments have returned more than the overall stock market especially last year so for investors that is a profitable move if it is that attractive what is the instant it's the german government today given addition. all the government is likely to have to spend a lot more money on this transition it's going to be very expensive a lot of industries are going to struggle with it so last year as part of the coronavirus pandemic response they put forward about 40000000000 euros in spending to help energy industries transition they likely are going to have to spend more in

the years ahead to to help with this transition josie delaney is trying to thank you. and let's take a look at some of the other business stories making news. the white house is aging americans on the country's east coast not to hold gas stations are running dry 5 days. down the colonial pipeline in the 1st fuel from texas to the eastern seaboard and is expected to be running again by the end of the week. and full of u.s. states are ending extra unemployment benefits which they blame for creating a shortage of workers job openings have reached a record highs hiring slows and there is a rise in the number of jobs in warehouses factories andras friends. the food industry has been facing a major dilemma for years as the world's population is growing so is the hunger for meat vegetables for fish. comes with its own problem taking too many fish out of

the water is not sustainable alternatives are needed one startup in san francisco is growing salamon in the lap insufficient and tasty they say over 2000000 tonnes of selman harvested every year taken out of the ocean by fishing trawlers like this one here. shipped in boxes to restaurants around the globe was selman fairly as a favorite on the menu. but sushi chef out on top toast works with this looks like selman tastes like selman but it's way more sustainable. ultimately i think i would love to have a restaurant that's open in the future and for that to happen we believe like we have to look outside our normal fishing practices now. gets a selman from wild type a california based company that grows it in the lab there's

a lot of science and technology here but for wild type c.e.o. a lot of grown product is simply fish the number one source of protein for our species it's also one of the most nutritious things that we can eat yet there are all these downsides right so it's like you see food but maybe not so much because might have a lot of mercury and you're going to buy at a micro plastics. lab grown selman house knows of contaminants and it has attracted a following among some francisco's chefs. the texture is so close to you know the firmness of the fish the color of the fish the strange. the oil. and how it's just it's really great. and you can taste that and the product. that's that lab grown selman might one day overtake

ocean grown fish in restaurants everywhere. well that's your business update here and u.w. at this hour will be back shortly in the meantime for me and the team in berlin thanks for keeping us company. success in dark times in the brazilian coastal city of marcel your day on the horizon. you know social policy. digital currency and charity projects are shining as light dark skies the pandemic.

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