we shed light on the opaque worlds who is behind them, who benefits? and why are they a threat to us all? oh, big world starts june, 2nd on d w. ah ah, ah, ah. in times of crisis, there are many people who struggle to hold on to their lives and their livelihoods . war is especially traumatic. it can append dogmas about how things should be done, who government sign deals with entrust to supply them with the essentials, than there are the profiteers who seek to cash in on others suffering. but there are also businesses that benefit. profiteering is our topic to day on mate coming

up, turning up the gas, how producing more is leading to earthquakes, carbon offsetting schemes, are they merely flights of fancy and recycling renewables? what happens to old wind turbines? war has always had its winners and losers, both on and off, the battlefield. mercenaries in the 30 is worn and only had fancy uniforms. they are also expected to survive by plundering towns and villages. after the 1st world war, black markets emerged coveted rash and goods such as coffee or cigarettes, but traded at extortionate prices. produces of shells tank submarines or poison gas also profited from both world wars along with the entire iron steel and chemical industries, including major german phones. after the 2nd world war, swiss banks announced as won't profit, he is a god,

the gold reserves looted by the nazis during their invasions and in the iraq war, american oil companies and private security firms, boosted that bottom lines, leading us too. today. all that profit is taking advantage of russia's war and ukraine. arms industry shares are of 150 percent. oil companies have seen profit sore, 350 percent. many firms selling renewables are booked up for years to come. a host of industries, our earning bumper profits right now. none more so than the oil industry. thanks to skyrocketing prices and couldn't make the embargo shoot and for the plans to introduce an oil embargo on russia have caused countries to start hording saying to try to build up stocks in advance when team. so supplies are very limited, and that's driven up prices massively. the

a whole i t companies are also profiting public authorities, and companies are scrambling to safeguard their networks from would be hackers and increased cyber attacks. manufacturers of fertilizers are also earning more. russia is one of the world's leading producers of fertilizer. but international sanctions are expected to reduce russian exports differently. meanwhile, renewables are more in demand than ever as countries rush to win themselves off russian energy. but in the longer term, it's the arms industry that is likely to be the biggest winner. and of course, with the war and ukraine, european countries, especially those nato, committed to increase in their spending. so these would us lead to continuous kind of increases in the coming years. and so a lot of the picture in the coming years, incidentally, shares in russia's largest arms,

manufacturer have risen 45 percent since the start of the war. but is the current windfalls set to last take the oil industry in the past, the organisation of oil exporting countries or opec has countered hide prices by increasing output prices, then fall again. he gulped us the opaque and as the, i think politically, the opec countries are increasingly looking eastward in we're the see their biggest customers of the future, the up need maintenance will come on. so how did they view this conflict in crisis? is i, it's a fact that a call from washington asking for output to be increased, but m is no longer enough. we shall need more. no, she now, they're also looking to china yacht e l does. and china is more in the sight of russia and has conflict. tito, i think many opec countries know that the big customers of the future, i no longer the u. s. or europe as insulin, but china, not the high energy prices are also good for countries like norway,

which is rich in oil and gas. the current crisis is expected to earn the nordic country, an extra $150000000000.00 euros this year. and the war in ukraine has european nations, especially germany, austria and italy, searching desperately for a replacement to natural gas imported from russia. there are frantic colds for producers like the netherlands to extract more. but drilling for gas was controversial. that even before the current crisis, local say it's caused earthquakes, wrecking the homes. in the process and report a stephen beardsley went to groaning and in the netherlands to investigate. lawrence merrick is giving me a tour of his house. earthquakes are tearing it apart. in 2014, everything was repaired, everything was fine again. so after 2014, it happened. everything again, that you get this crick's. cracks in the window, frames in the wall, in the glass panes themselves. now

a pair of wooden braces is the only thing holding the house together. when was this put up or 2 more than 2 and a half years ago already. so you've had this up for 2 and a half years. yeah. no. to now uses, you know, switched lawrence lives in a village outside groaning and in the netherlands. europe's largest natural gas field lies 3 kilometers beneath the surface. here, a joint project by shell and exxon mobil has drilled for decades, a lucrative business that's also benefited the state and unleashed earthquakes. the dutch government says it will end production next year, unless there's an emergency need. that has residents wandering and in groaning and the issues about more than just structural damage. even if the cracks in your house or tiny, if there's one tiny crack as i go. well, so the wiring about

a report this and then a few months later, there's another one and then another one, and then another one. you're seeing your house, your livelihood, sometimes your pension being taken away from you without a clear perspective. and this introduced a lot of uncertainty. the village of over skilled is at the center of the area affected by the earthquakes. it's become an emblem of the devastation to entire communities and of rebuilding residents. he agreed to reconstruct their homes at virtually the same time. freak and course that covers have lived here for more than 20 years. they tore down their old house the week before we filmed the new one was largely paid for by the drilling venture. there among the fortunate that the couple is still frustrated. who's who for the mere mention, it's a question that more people of asked. and then we're also told the we have to extract a lot of gas and compensated every one in groaning and who experiences damage from it as much as possible. but that trust is no longer there always to the progress of

like a dog that's good to go. they apologize. how much of going his gas goes to neighboring germany demand there had been increasing in recent years, even before the current crisis, germany does have its own gas reserves on the island borkam in the north sea. but the regional government has rejected drilling for years. until now, borkam is a small island with just 5000 permanent residence, but it's a popular tourist destination and can see as many as 35000 visitors during high season. a dutch drilling firm now wants to put a platform 20 kilometers off for cms coast. it says there's 60000000000 cubic meters of natural gas to be pumped, growing and isn't far from borkam. allan residents worry that drilling could also destabilized their homes with the weight we had of their problems with m. ah. exploring the gas there,

they have problems with earthquakes and in other things. so a really afraid that stuff like that could happen here. and we are affected. we an island, the c e o of the drilling firm says his company has already conducted environmental assessments. and that the comparison with groningen is unfair. we all subsidence has been, of course investigated. and there will be no subsidence underneath the islands or the structures underneath the island. because the reservoir doesn't get close to the island. the rest far from where we produce at the gash. others still worry about a landscape. that's irreplaceable. i'll bets us. ackerman is a city councilman borkam. he's guided school classes and tourist into the title flats around borkam for more than 3 decades. it's a landscape that stretches across europe, north sea coast, and is protected by national parks. it's rich in flora and fauna.

examining the volume is global dot does, i think the acceptance is somewhat higher due to the war in ukraine of cold tim. regardless, as a rejection in fear of the consequences is very high, the because the nature all around us here is our capital vehicles, value guests and other people come here to recuperate in the nature here just to mention. and when that capital is endangered, because something has happened, that is of course, really bad for the people who live here here. and tourism is really the only source of income in for the people who live here on the. i'm sick, i nomic reliford, did he mention here, libra this on many of those we've spoken with in the past few days. say that understand why gas needs to be affordable, especially when it means stopping imports from russia. the question is, what price governments will pay for gas? and what costs communities themselves will have to bear producing more fossil fuels like gas and oil,

that something environmentalists had hoped we be moving away from by now? and the waning of the corona virus pandemic in europe has seen a return of the travel bug, one method to try and compensate for the extra seo to output from flights is so called common offsetting here. you can pay 10 euros on top of the airfare for a one way flight from berlin to mediocre. to new york, it's as much as 37 euros. a one way flight to tokyo emits a good 2400 kilograms of c o. 2 per person, the dis, you'll have to cough up 50. 6 euro's going even further afield to sidney. it's a $123.00 euros. all voluntary, of course. but what goes on behind the scenes after you've shell down to offset all that carbon are all these offsetting seems schemes what they seem kill. dora takes a closer look. do you know that check box? you can tick when booking a flight or ordering a package that promises you can offset all of the carbon that you just admitted.

and you're good. hi, i'm kiera and you're seeing climate action in action. tv. mm hm. i know carver offsets don't really sound that sexy, but they're kind of a hot topic right now. so the basic idea of an offset is, is that if you naughty and you miss a lot of coverage, that you can pay to have those emissions reduced somewhere else. the logic is that since the emitted c o 2 goes into the atmosphere and damages the entire planet, you can cancel it out anyway, preferably somewhere where it's easier and cheaper to do so. but i'm getting ahead of myself. probably the 1st thing that comes to mind when you think offsets are trees planting them or protecting them from being cut down trees. of course the quest, the carbon making them a very popular offset. so i wanted to know exactly where my money goes to when i compensate my own private carbon footprint. let's say i'm flying from berlin

to tokyo, please don't shoot me. i'm visiting my family. there is a box there way i can say off said c o 2 emissions that says support 10 international projects for a global impact. but i want to know which and i want to know where majority of the projects are in the global south. but there are a few in europe. so 2 of the projects are in germany actually, and there are not that far away. let's go there. oh, oh, thank you. yeah, hi, karen, welcome to coding more. it's more common markoff cells, carbon offsets for a non profit in germany's northern most state. this project is aiming to re wet this landscape. and the p t layer is being

removed and dams are being built with it to contain rainwater within the area. he's up like your heard of it was, i think i got a round the corner. there is a dam that was completed half a year ago and is a suave. he didn't talk. once the wetland is intact again, and vegetation grows back, was additional carbon will be captured from the atmosphere. the tool would just be the rule of thumb is about 10 tons of c o 2 per hector per year, 13 tonne, poor young. to put that into perspective, a flight back and forth from germany to japan alone emits about 3 tons of c o 2. but i think you need a lot of wetland to compensate that. yes, but they're also mandatory offset mandatory. 1 offsets offsets are that companies

have to buy to stay under the maximum amount of carbon that they're allowed to emit per year. this mechanism was set in place by the kyoto protocol and updated in the paris agreement. the mandatory market used to make up the lion's share of offsets, but that's changing rapidly. the voluntary market has been growing rapidly in the past years. and 2021 is likely to set a new record. renewable energy as well as forestry and land use projects are currently by far the most popular offsets. there's just one small problem. many of the carbon offsets just don't offset carbon. what if a lot of dirty tricks happening in carbon off something we're one ton of carbon ends up becoming half down of carbon. and in many cases, even 0 tons of carbons. that's yep. sanyo, head of greenpeace. se, asia offsetting, all house are very long and we'll document these 3 of problems with the validity of alpha harmon or something. projects i studied by

a common offset broke. i recently looked at 100 voluntary offsets, mostly the popular afforestation and conservation project. and found that over 90 percent don't deliver on their promises. so back to the peat land question is whether the project or funding might have just happened anyway. and if that's the case, then your payments isn't really making a difference. this is derrick broke off. he has worked on energy and climate policy for more than 18 years. it's not really causing the missionaries to go down on to this is the real achilles heel of the carbon asset market. the russ vieira here. what would have happened here without the offset money and confidential? yes, river shot, it probably would have continued to be used as farm land or grazing land flight of fatigue unless we had this project is what is called additional. the money invested had an additional effect of reducing emissions that wouldn't have happened

otherwise. and that's most often the case for projects that would not be economically viable without offset money. planting trees or conservation projects can also be problematic because planting trees is nice and good and all. and they're great. c o 2 suckers, but only as long as they live. mean of miss project on paper. her prom is those plantations stay for the longest time and then after 10 years you visit the site and it's gone. for example, satellite images collected by pro public are in cambodia, show that in the forested areas that should have been completely protected, half of the forest has been logged or otherwise destroyed 10 years later afforestation and reforestation are seen as so problematic that the you does not allow them as mandatory offset, so as popular as they are, they are not the safest bet. imagine you are a multi $1000000000.00 company you wanting to offset your millions of tons of c o 2 . it's very tempting to offset your massive carbon footprint in the easiest

cheapest way, right? which in a lot of cases means less regulated, easily implemented projects, often in the global south where restrictions are not so rigorous and prices are low . not to mention many offsetting programs have a history of disrespecting land rights of indigenous and local communities. it's really hard for a normal consumer to tell whether a project is legit or not. i mean, i traveled all the way here. this takes out, but you can't do that for every single project. one indicator though, can be price. the fee ca much does it cost to offset a ton of c o $2.00 here. i need to one ton as i a to kind little 64 year old. so if he understood oil that's quite steep, some carbon offset platforms offset it on for $23.00 euros or even 11 us dollars. when single carbon offset schemes are way below that price, that's not a good sign. i would be weary out a large number of project. i credits on better and expected inexpensive. ok,

quick recap. many projects turned off that carbon. and some carbon offsets may also just help big corporations to green wash, but it will be extremely hard to reach our climate targets without some form of offsets. so what shall we do? there has to be an oversight function, a system i'm institution that could truly guard against cheating and misrepresentation in the way carbon offset projects are being are. there are international certifications that are supposed to guarantee the quality, like the gold standard, as well as the verified common standard. but even they on, on always watertight and certifications are voluntary. then there also needs to be a change in the type of projects we focus on. a lot of the market today has been oriented around cheaper mitigation. and i think we need to put better an focus on

where the best bid is needed to bring about transformation change. but fast and foremost, and i to, you should always start by asking yourself how you can prevent admissions. that should always be the 1st option. i many companies do clearly state that in the, in that 0 strategies. but it's often unclear how many tons of emissions are getting reduced and which get offset the major. but you, thing companies are trying to find a way out of taking real action. the fact that line with the emergency world can offset its way. climate change in y'all leads here soon, which means and during so rapidly of course, a better way to help the environment is to not produce carbon emissions at all. the purpose of renewable energy generates as light wind turbines. but what about when the turbines themselves need renewing? after all, new models are far more efficient? while it's here that we meet another corner, stone of environmental protection. recycling coll,

holland walk went along to see what happens when turbines reached the end of their life. cycle. with these wind turbines are more than 20 years old, compared to modern ones, they're small and inefficient. so they're in torn down. so what happens to these green energy giants at the end of their lifespan? the blades, especially, are made of composites and plastics. instead of recycling them a lot, ends up in landfills or incinerated in the kilns of cement and steel factories for some years. now, facilities that insinuate them aren't really happy about it and that's down to the physics of the combustion process. last fall, the glass fibers bonded with residence, which gum up the kiln and the ash and i so quite apart from the environment, luna sank one. it's just not an ideal solution. 0 least you lose own. and

recycling is only just getting off the ground. it's only recently that wind turbine manufacturers have had the wind to waste problem on their radar. that often leads to situations like this on this green field. decommissioned turbine blades are dismantled for the scrapyard. one company near the polish city of rod suave has come up with a solution unmet takes own turbine blades from germany and turns them into furniture. the plains of 12 meters long are 1st thought intersections, sanded and painted. they get a new life is outdoor furniture, chairs, benches, and tables. accented with top quality march would all

students from the university of shalana gotta come up with the designs. they're thrilled that their products are being bought by customers around the world. of course we can use it inside, but i think outside is am is by the right to to use this material. because it's water proof is damaged grove, a foot bridge, another of unmet novel recycling ideas. the rotor blades were transformed into the support for pedestrian bridge. it's the brain child of engineer on j. r. done show . for him, old blades are not hazardous waste but a resource spout. she me guar news me ions garza, for example. we don't try to change the shape of the rotor of yours. we turn it into a sculpture or that doesn't blade and switch. miguel is going to be monumental. you really big so that it was really wild. be bush bunge. it'll be on

a little jack. what i was an enclave novel of runs an online shop wings for living . that's the exclusive retailer. there's even an app to let you see what the furniture would look like in your garden. she nobile and his counterparts and poland are good friends. a garden bench like this can easily cost 1500 heroes and icons. we're aiming to be a small and stylish brand. to that, that helps raise awareness of the problem and also shows that old discarded objects can be turned into beautiful and unique furnishings. the movie boy, his friends and poland are constantly coming up with innovative designs. like a rotor wing transformed into a wine cellar. when it comes to up cycling the sky's the limit. and there is no shortage of turbine blades that need re purposing when the new generation of wind turbines are bigger and more powerful. modern turbines are

temples of high tech filled to the brim with electronic components. and they promised to help solve the wind to waste problem. in 30 or 40 years, when these turbines go offline, they'll be more easily recycled into valuable raw materials. elena ha, yesterday about the all big manufacturers are working on producing their components and so that they'll be easier to recycle. meaning in a way that's environmentally sustainable energy saving and cost saving meat in advance. if the customer, 100 percent recyclable turbine blades are the wave of the future. germany, for example, plants to install $1500.00 new wind turbines a year. in a few decades their aging blades will be mined for valuable raw materials and we've made it to the end of the shall we'll be back again next week. same time, same place likes to watch.

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ah, this is d w. news live from bird that 18 children did in a school shooting in the united states. police a thought to have killed the gunman who opened fire at an elementary school in texas. plus 3 months on from the brushing invasion of ukraine president to lead. he warns moscow is ready to destroy everything in the eastern dumbass region. ah.