to watch and the w news, my colleague steven beardsley, is up next with dw business. the stick around wonder if you've seen his shadow. ah, what people have to say matters to us. ah, that's why we listen to their stories. reporter every weekend on d. w. green, do you feel worried about the planet we to i'm neil,

host of the on the green fence of coast and to me it's clear we need to change. the solutions are out there. join me for a deep dive into the green transformation. for me to do full of them. ah, ah, 30 trillion dollars, usda, it's a record some with help from the big spending spree of recent years. what does u. s. debt really tell us about the world's largest economy? also on the show, the commission approves controversial new rules labeling some nuclear and gas energy investments sustainable. we'll talk to our correspondent process and we'll visit your car to where new app is. helping workers in the informal sector get some

much needed. pandemic 811. welcome to the show, i'm seeing fiercely in berlin. it's good to have you with us. the u. s. national debt now exceeds 30 trillion dollars record some hit at the end of january. that's risen a whopping 7 trillion dollars in the last 2 years alone. fuel by government spending during the pandemic. the countries debt to g d p g d. p ratio is around 100 percent, relatively high figure, but one that the u. s. has eclipse before including at the end of world war 2. and we'll come back to that just a moment. the e commission says it will classify some natural gas and nuclear power investments as sustainable as part of its new taxonomy of green investments. environmentalist and investor groups have criticize the controversial decision saying it would further green washing. i was praise, however, by those who see nuclear and gas as essential to reducing reliance on heavy c o 2 emitters, coal oil over now to d. w,

correspond at mac. sandra has been following the story for us from brussels max, there's been a lot of debate around this issue in recent weeks, reminders why this classification is so important. right, so the e commission today presented their plan on the how to leverage investments into so called green energy by the private sector and a that way also achieve the u. s. claim of goals to become climate neutral by 2050 . now that you taxonomy, um, is this the overall framework? it's a mix up guidelines to define for investors and for investors. which areas are green and suspend sustainable for investments. and the idea is to feigned phase out harmful energy sources, such as a, such as coal and oil, and replace them with ideally sustainable renewable sources, or in this case with less harmful energy sources, such as nuclear and gas as a transitional tool. and that's why critics, of course, a, this is green washing the say that basically allowing investors at banks to,

to check that green box while financing what they called dirty energy projects. it was the commission say to that, right? so this, despite having added nuclear and gas to the, to the use taxonomy at the commission argues that it's still heavily regulated. ok, just to give you an example, for example, gas power plants that will align with you. taxonomy by 20, by 2035 will have to be low carbon luko plants will need special fuel and that depositories, in order to get this, the so called green label, there has been a lot of talks. and so the 1st draft was, it was, was leaked about a month ago. there has been a lot of criticism, but the european commission didn't really change a lotta about about this a proposal, nuclear and gas. we're still at, at the core of this, this delegated act. and this is probably also because of the majority. they know that they have the majority of backing in the european parliament. and the european

council will be the next next steps there. but in terms of reacting to green washing, there has been a change of tone. um, commissioner mc guinness today, who was in charge of the youth economy said that the color coding is not necessarily the best way to, to address the issue of nuclear energy and the youth taxonomy. the commission, she says knows that it's not green and sustainable, but it's still necessary to achieve the climate goals as a transitional tool. mcsaunder, they're in brussels for us now to fabulous schneider who research is sustainable financing and was part of the advising team working with the e. u on this taxonomy fabiola, thank you very much for joining us. what does today's announcement mean for green investors? well, be set scientist and use the jewish nelson. ok, and gas has also been haven't you, criticized by asset managers and the investment community, for example, the i g, c, c, d institutional investor group on climate change with over 50000 euros,

off acids, unimagined, understand open eta, explicitly. connie, for gas to be excluded from the unix on me. you know, there's a claim of green washing here, but if nuclear and gas are bridge technologies to net 0 missions isn't the goal. ultimately, a green one of you taxonomy was supposed to establish a common language and a key if the mission of vote constitutes an environmentally sustainable activity. and deb, i'd provide clarity to investors and prevent greenwashing. new criteria for nuclear gas are doing exactly the opposite because they contradict existing market practice, for example, under green bond market, which exclude us a few of the nokia here commission itself into you being recovering package extrude again. nokia overall is just very inconsistent, and hence splitting the market for buell. it will investors then turn to other taxonomy for green investment that they like a because them you taxonomy is no longer the gold standard, but lagging behind globally. and with him that he hadn't been progress to was 0. in

fact, on gas you taxonomy is less than a chinese and the russian taxonomy. and it was a nuclear in the south korean one fabulous schneider with university college dublin . thank you very much. and out of some of the other global business stores making headlines. hi, energy costs, especially oil and gas prices, drove inflation in the euro zone to a record high of 5 point one percent in january compared to a year earlier. the rise piles pressure on the european central bank ahead of a monetary policy meeting this week. us drug maker, johnson, and johnson and 3 drug distributors have agreed to pay a $590000000.00 settlement to hundreds of native american tribes lawsuit blame the companies for opioid addiction among native americans study show the group has had the highest per capita rate of opioid overdose of any population

and we want to go back to our top story now. the u. s. national debt exceeding 30 trillion dollars record some hit at the end of january ins, quarter joins me for more in new york. yes, that's a nice big round number, but what does it really tell us? it is a huge number ended 7 trillion dollars higher than early 2020. so before the pandemic really started here in the united states, i mean what that means is some, it will be very difficult to get a, the congress, sir, to approve of more a spending. for example, for you infrastructure programs that actually could hinder the u. s. economy to grow stronger, and then on top of it, we do know that the federal reserve are very likely will increase interest rates this year. so that will make this, that lot even more expensive. so that could be a huge trick on the economy. but what is interesting in general on wall street and

also in some parts of washington, a lot of people seem to ignore this huge debt bloat that we, a master during the pandemic at even before or against quarter in new york. thank you very much. will governments around the world have opens up their coffers to provide that kind of direct pandemic, relieved to employees and business owners in need in many cases cash. but what about those in the informal sector? think street vendors, farm hands are domestic workers who don't have tax numbers or bank accounts. in indonesia, 5 young professionals have developed an app to give exactly those workers, lifeline scrolling or instagram account, marita poetry who had just lost her job in an advertising agency, discovered baggy data initiative that promised financial aid without red tape. for loss of kung, actually i had no income other than selling breakfast tongue from yeah,

my husband used to work, but he was laid off too in the pandemic if he needed. so to feed the family, i try to sign up for this platform baggy data to have at least some finance to keep my breakfast business going. well, i'm laying one down. what do i have baggy data is the wealth distribution platform, where the name reflects the aim. it translates to equal share because this is what lote andrea felt was needed most in the lockdown. with 4 friends, the 29 year old designer founded the non profit organization baggy that that it up from subsidiary baggy rata is a cross subsidy platform for the people who are affected by the pandemic. and especially in formal workers who don't get government assistance or who don't get help from their employers or freelancer's yet. so the platform itself allows people who can help financially to be able to get in contact with people who need help or

outing them. and in the same way with those people can say what they need. i think what they can do with lenin, monica more than 4000 people from all over indonesia. i've already received money through bucky data. the founders have distributed around $90000.00 euros in donations. the key to success was that andrea took advantage of an existing digital infrastructure that had been built up in indonesia in recent years. he programmed baggy rata as a direct transfer system, where the money doesn't have to go through their hands. donors can directly send funds to beneficiaries through their e wallet. most everybody here use us apps like oval go pay or donna and mobile phones are affordable. marita pottery no longer needs the platform, at least for now. her husband found a new job and the 28 year old mother of 2 is now optimistic that the country's economy will recover to why is an app even necessary?

why didn't the indonesian government you more in the 1st place to help families need? here's our correspondent, geared matters with more to be fair, but when it comes to the government, one has to say that it's facing huge challenges. if you look down an economy like indonesia that creates enormous problems. and so the government has put out some stimulus packages, some packages to deal with the health sector. in fact, for this year alone, 30 mill at 30000000000 euros have been earmarked for various projects. a lot of that will go into the health sector, but there is some controversy now whether some of that money will, is also plans to be used for the a moving of the capital of jakarta, a to a different island. and that is what some people a recheck because they say that the problems we, we have right now it already been so big. and here's

a reminder of our top business story. the u. s. national debt now exceeds 30 trillion dollars a record. some has risen 7 trillion dollars in the last 2 years alone viewed by the government's pandemic spending. and that's all for me and the dw business team to find out more align. he will be dot com slash business, watching dr . facts in most parts of the world, or at least for monday and you're experiencing some wooden stress. there's plenty of sea water, but desalination is energy intensive, band expensive, at berlin based to start up shows us. it doesn't have to be this way. global 3000. next on d, w, new best basha, blue,

a $1000000000.00 business for the gross exploitation for the men and pollution for everyone. the chinese fashion giant shaking eclipse as anything like it before ever faster and ever cheaper, but it will cost the world so much more than money made in germany. in 60 minutes on d, w ah, with soccer is a sport of many colors. and the children in this mountain village know them all. but can everyone be a don't with them regardless of gender. huh. where's blue?

the color of her favorite a success traditions present her from going to games and play an insurmountable obstacle balloon girl football on the peak starts february 4th on d w. ah ah ah, welcome to global 3000 new life in the step villages in tanzania, a replanting forests, and encouraging the rains to return precious and scarce in many regions of the world, fresh water is in short supply. what's the solution? in lebanon to water supply.