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tv   Business - News  Deutsche Welle  January 4, 2022 3:45pm-4:01pm CET

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plans to label nuclear power on natural gas plants as sustainable investments have been met with anger among member states will discuss why she like to invest is about technology that didn't work or not found. and elizabeth holmes is found guilty of fraud. and turning trash in to train is leaving the young indian entrepreneurs making sustainable sneakers as a state of your business on what's in berlin. welcome to the program. what is green energy? that is the question. at the heart of the brewing rao over the european commissions plans to designate nuclear energy and natural gas as green investments. if i to through by, if voted 3 by the member states, it would open the technologies up to billions of yours in funding. the commission points out that nuclear plants produce 0 c o 2 and that natural gas is helping countries phase out more polluting fossil fuels like coal. but opponents of the
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plans they, they harm caused by nuclear waste outweighs it's carbon neutrality. and natural gas is still a fossil fuel, after all, they'd rather see investment in renewable sources like wind and solar power here in germany, the government supposed. so the plan to label nuclear plants is green. it's in the process of phasing them out altogether, but it is banking on natural gas while it waits for renewable sources to make up the loss of energy from its cold and nuclear phase else. well, let's get more on the european commissions plans from bent vega who is a founder of the independent think tank echo climates innovations. great. have you on the program? just how important are nuclear and natural gas to europe's wider energy future plans? well at the moment a nuclear and then g and natural gas play a very important role in the energy supply. i'm off to europe in union as such.
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however, it's generally up to the members cade's holiday transition to wards and climate neutrality. and hence, the current proposal after you p commission is to be understood at as a compromise solution. it allows countries like france to continue to use nuclear energy as climate neutral power source and countries like germany to rely on natural gas to compensate for the phase out of coal and transition to technology towards green hydrogen. so both are very important, but both are to be considered as a transition technology to what's a power supply. a system that relates 1st and foremost on renewable energy's alike wind. and so for example, so that c o 2 emissions from nuclear power plants, all of 0 basically m. why is that this opposition to the, to, to it has a green energy. so well,
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you pointed out correctly that the major advantage of nuclear power is that it is climate neutral in terms of s, u 2 emissions. but that doesn't necessarily make it sustainable. with regard to the environmental goes off to you, and it is not clear yet how nuclear waste can be disposed of safely. and there is no permanent and disposal site for the nuclear waste in europe. it is yet to be found not to speak of the environmental risk, we forgot to potential incidences. so this is why i'm, it's crime controversially discussed in europe. but there's also, and besides the am ecological and factors also valid economic arguments against nuclear power, which is that no and company would invest in the nuclear power plant revolve to financial and risk management support of the government. also there the commission
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is saying that it's only gonna lay was said nuclear plants as sustainable. if they've got a plan for disposal of the radioactive weiss, i mean isn't that enough? well of course it's good to have a plan and is very important to have that. but am it is important to understand that we do not have a permanent disposal sites and you report as nuclear waste yet. so and this, the question needs to be addressed, and so far it's not addressed. so it would be a bet on the future that we would find such permanent disposal sites as it would be a bet. and we forgot to, to profitability. and also the technological development of new nuclear power plants and which we need to make sure we forgot to, to future justice. why it's so controversial. and if we can just touch on natural gas, it is a little less controversial than nuclear, but still still controversial. was the argument that natural gas is somehow
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sustainable because it seems as a fossil fuel. how can it be? who well, with regard to the transition to watts, a renewable based a power system gas is needed as a flexible bridging technology and why we transition. and we need new power plants, for example, in germany to fill in the gaps of the phase out and of code. however, what is really important in order for natural gas to be sustainable is that new gas power station needs to be and ready to be. and fired only and exclusively by sustainable and hydrogen. and only if this condition is metric also be qualified and as sustainable. so this must be very clear from the very beginning. and if not, there won't be any investments are taken. okay, then favor from epic. i thank you very much for joining us on date of the business . thank you, robert. as
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a case they well shake of the silicon valley start up seen a jar in the us has found entrepreneur elizabeth holmes, guilty of conspiring to defraud investors over her failed blood testing. start up the run us the verdicts and a clear message to founders in the valley who are hoping to fake it till they make it. it was supposed to revolutionize medicine. elizabeth holmes claimed that with a few drops of blood from a pink prick there, anna says machines could run diagnostic tests for hundreds of diseases. but actually they couldn't. the jury found her guilty on 4 of 11 counts of conspiring to defraud investors. between 20102015. she was convicted on charges of defrauding 3 other investors, as well as conspiring to do so. she was acquitted on 3 counts of defrauding patients who'd paid for tests from toronto's on 3 other counts. the jury couldn't reach a decision. outside the court room,
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an assistant us attorney greeted reporters and read a statement from prosecuting attorney, stephanie hines. i thank the jurors for their thoughtful and determined service that ensured verdicts could be reached. the guilty verdicts in this case reflect miss holmes culpability in this large scale investor fraud. and she must now face sentencing what her crimes. that's all we have. thank you. home is founded there on us while still a teenager and was able to raise more than $900000000.00 from investors, including tech mogul larry ellison. and rupert murdoch, her former partner, sunny budwani is to face trial next month on similar charges. homes will not be sentenced until that case has concluded she could face up to 80 years in prison. next, inflation in cuba is running rampant tending 2021 at around 70 percent economic
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reforms and rising import costs are thrusting of prices for ordinary cubans. the, an in affordability of some foods has forced some of the islands favorite dishes of the menu. ah, it's a new year's eve tradition and cuba roasted hawk. popular songs tell of the aroma, lingering all over the island. except this is no longer true. only families lucky enough to receive remittances from overseas can afford it all, so some with well paying jobs. but for most cubans, the traditional dish was not on their plate. this new year's eve. and boy, you might have got chicken because i don't have enough money there too many of us in the family to buy pork. what is this is he am is excessively expensive. if you can afford it. you buy a few pounds and if you can't afford it, you eat chicken, there's nothing else. but you have to eat something radical when officially,
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consumer price is increased. 70 percent last year, many economists say it was much higher and salaries did not keep up. not one was that we cannot increase wages, modify maximum selling prices, increase imports, and fill the stores with pesos. we know how to avoid it by producing while our selves. she's our mobile gentleman was and then obama relying more on home grown production. that's what the government promised to do time. and again, however, scarcity of product has turned cuba into an ever more unequal society. with some having access to hard currency and others who can no longer afford staples. now sneakers have become a sought after investment repairs selling for tens or even hundreds of thousands of torres combine that trend with the global move towards sustainability. and once you get you get to train is made entirely from recycled materials. as an idea, made
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a reality by 123 route indian entrepreneur bobbers doing what he likes to do best designing sneakers. but these are no ordinary trainers. they're made mainly from recycled plastic bags. it's a project that came about as part of his undergraduate degree. working on a lot of different design ideas and he's taking plastic bags with one of them because i recently heard about the ban on plastic bags in india. but i found out that it's not living in force. i don't. so i thought that you know, something needs to be done. you've gone, always rely on the government for our solution. so bobby contacted a waste disposal company near delhi, tons of trash arrive here. and the employee sorta at the plastic bags. the next step is to clean the bags and cut them to size.
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and then it's shipped out to our shore factory in july, under calling into short where and they assemble the fabric and all the other components into the final show. making sure itself is not very different from making regular leather show. still making the shoe out of plastic took some getting used to, especially since not only the shoes themselves are made from recycled material. the lakes are also made from plastic fossil undersold from you to razors. the effort is now paying off worldwide. yarborough's, definitely our biggest market. you know, it is a market that's more wise to, you know, such ideas. people are more willing to pay extra higher costs for a product that's more sustainable or more environmentally friendly. his shoes cost $99.00. the 1st batch of $1600.00 pairs is already almost sold out. he's currently
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working on a new design. once again, the sneakers will be made entirely from recycled materials, which sets the shoes apart from their far better known rivals. lot of dying runs, i getting, i'll be of it. having about 10 to 20 person recycle content there. fabrics which is not a lot at all and we're not doing that. we're doing 100 points in the cycle. fibrex . i think if we can do it, i'm sure you know other brands that are much bigger can do it for sure. until then i say baba wishes to continue to lead by example, and that's all for me in the business team here in berlin. if you live all from us, do had to our website data dot com slash business. you can also find more on the data when use youtube channel and on facebook to next time. ah ah, with
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