also the program with many german consumers grappling with high gas and electricity prices. energy consultants are seeing a record of demand and is bitcoin stabilize us after a massive cell of over the weekend. many are asking what is next for battered crypto curves. i'm chris kolber. welcome to the program. pressure on the european union is increasing as russia is slashing. it's natural gas supply. moscow has cut off all gas flows, the 6 european countries. it has reduced supply to germany, which is europe's biggest economy by 40 percent. and german vice chancellor robin hobbit called on citizens to reduce their energy consumption. he said every kilowatt hour helps his goal to refill storage tanks. before winter comes currently they are about 58 percent for the government also encourages utility companies to extend the use of coal fired power plant right now. germany has 70 such plans that

run on hard and leg night coal and another solution would be to extend the use of nuclear power. the country still has 3 nuclear power plants which are supposed to be shut down at the end of the year. an industry group now says they could remain on the grid to reduce the dependency on russian gas. my colleagues ship on dutch in bay, lou met up with the head of the federation of german industries and he asked him if indeed nuclear power would be the best solution here. while the nuclear on the long run will be a contribution to the wolves energy equation that's still to be seen. there's a lot of innovation underway. and i'm really curious to see how new nuclear reactors you technologies may change our energy mix in the future. short term, the contribution is limited. well, i mean, of course the german government is now heading for more production of electricity with coal. is this the right decision given how many emissions carbon emissions

we'll see from coal production of energy while it's definitely another preference. but frankly, it's the only alternative that we currently have to substitute russian gas. and that the russian gas supply is fragile to call it the best we see that every day. so the only short term alternative as to burn more coal and pull that forward on a, on the total sato fall for the earth. it will not make a difference whether we do it now or later on. it's not that we like it, but it is the only open alternative that we have. well, obviously natural gas is no longer being used for energy production of at least for the time being. i'm other industries also rely on a natural gas for, you know, creating the products, especially the chemical industry. is there enough to go around? well, german industry? well, that's the reason why we should save whatever can be saved in order to keep the

machines running to kim production processes running even over the course of the next winter, where germany or middle europe will depend on gas supply from russia, with all its uncertainties. one year later, we'll have more energy terminals, a better supply for a liquefied natural gas. so it is a short term measure where we need to boost, pull all strings in order to get our reserves for the next winter up and filled. well, what is it exactly what i see from the government, of course, has been a lot of discussions about what to be done. what is there that industry expects the german government to do now? well, the most recent decisions go checkley along the lines. what we have argued, so stop using gas for producing electricity rather step on the, on the coal alternative. ah, we appreciate the market mechanism on how to help companies to substitute gas and support that financially from the government rather than supporting failing

companies thereafter when it's too late. so this mechanism that says, well, the market may decide what is the most effective liver to, to say of gas, and we support that financially as a truly smart solution, which we a proper much thank. thank you. thank you for joining us. it's not only companies that are mindful of their energy costs, consumers here in germany. ours. well, that's why energy consultants and craftsman r c. a record demand. actual teens gas heating system is getting old. so he'd like to replace it. he wants to do without fossil fuels, especially after rushes invasion of ukraine. different song supplies from fossil fuels are in jeopardy. we saw it and want to respond in a timely manner. so our operations are secure. getting stuck on the hotel operator

get some help from energy consultants. stephanie bytes. she's been rushing from appointment to appointment more and more property owners are looking for alternatives to, to rising natural gas and oil prices. luckily, she has a solution in florida of packing from a technical point of view, i would rely on a heat pump here. but this heat pump has to be supported by a small gas boiler to generate the high flow temperatures. and when an image, jessica boy, that's organization. completely cutting out gas won't work here, but the teens feel they are well prepared next to their home. they run a hotel. a solar panel system has been installed on the roof and supplies the electricity across live, our costs remain stable and if our costs are stable, can keep the prices for our customer stable. and i see this as security for the future to configure at so coffee shop. those ready to update their heating systems at the moment need to be patient. master craftsmen,

daniels or beer is installing your heat pump near the northeastern germantown of christ fall. he's been struggling to keep up as orders surge divided, tired of waiting period for an offer to installation, used to be 4 to 6 weeks. but now it takes 6 months or longer. we are want to make matters worse. there's a lack of skilled workers. the panoramic production stoppages and supply disruptions have made it harder to do business. important components are stuck in asia. of course we are more behind schedule than we would like to be that has to do with equipment not being here. and we simply have to wait until it arrives. we'll still manage this year. come on and shuffle. the teens made progress with their planning. their eco friendly heat pump will cost around $70000.00 euros. but they'll get state subsidies worth about 20000 euros. it's still not a bargain,

but they've almost achieve their goal of cutting out gas. well, for the most part, when it comes to generating solar power, spain sounds like an ideal location. most regions in the country see over 3000 hours of sunshine per year. fill for year solar wasn't a big thing in spring on the change in government 4 years ago. energized the idea, which now and then searching prices seems to be really taking off canet a holiday destination near valencia solar panel. technician victor low dantas, visiting his customer domingo escalade, all the inspecting the freshly installed solar panels on escal lana's roof. he can't wait to put the system to the test. his power costs have tripled in the last year and all of the other though, the sort of in my power bills are shooting through the roof. yeah, it wasn't a big deal earlier, but now we're feeling the pinch here. if you can produce your own power the was and

only have to pay a little to the power company, then that's $2.00 reasons to celebrate it almost as ris dollar and they looked it again to people in spain are just discovering solar power. se advantages domingo escalade or allowed his neighbors to use this rule for community power installation . that means they can spread the costs around, and that's allowed them to install a battery system as well. meaning the power keeps flowing even after the sun has gone down. the new demand is proving a challenge for the branch, their toil mach. i was out of order that the market can barely keep up if the problem now is that we don't have enough raw materials. there are just too many people looking to buy solar panels for personal use at the hospital. for years you'd have been hard pressed to find solar panels here. but they are becoming a common site on valencia's roofs, and a helping keep power costs down. and decentralized power production is being

embraced all around spain, which a hint of if you guess was our, of a lot of people think their savings is better used on their roofs instead of in the bank. so they are installing solar cells. last year, we increase solar production by 100 percent images. that other 1.2 gigawatts of production capacity was installed for personal use. so when we were in canet, the 1st electric police cars already on the roads powered by energy produced on the roof off the local swimming pool. up until now, all of these projects have been financed with money supplied by the regional government. but now the branch expects a major boost for valencia and all of spain. as european union aid starts to flow, that is some of the other global business stories making news. the german economy will only grow by one and a half percent this year. the federation of german businesses, german industry says the previous estimate had been $43.00, and a half percent slow down is caused by supply bottlenecks. analysts say that despite

full order books, a lack of micro chips and raw materials will affect production for some time. the biggest rail strike in 3 decades brings britain to stand still around 40000 members of the rail, maritime and transport union r r m t have walked out. strikes are also planned for thursday and saturday, and a dispute overpaying jobs. they are likely to calls travel misery for millions. air bas wants to build more wide body transportation airplanes for military and civil use. europe largest aircraft manufacturer, said it wants to fill the gap as the world's largest plane. the and ton of to 25 can no longer be produced in training manufacturing side and the plain have both been targets of russian attacks. such occurrences have had a dismal weekend in the meantime, the most popular among them bitcoin is trading above $20000.00 again. but as it has

lost 2 thirds of his values since october, investors are concerned harley, but i him go, sir, has spent a lot of time on his computer in recent years, watching the markets buying selling. and he made some good money with crypto top not us, and they, i mean 115000 in cash. not everyone can withdraw their money from the top point. and i'm one of those who can, i was only able to save around 65000 was there is one of millions of crypto investors who got a bruising as bitcoin and other currencies dropped 70 percent with the market shrinking from 3 trillion dollars to just under $900000000000.00, many investors are angry, most lost confidence in the entire crypto system. go, sir, didn't porcelain agree to that. if the states regulate the stock markets and control the coin holders, the owners of the exchange, none of this will happen to us again,

what in the past. there were many crypto lenders that have made massive profit by speculating against the markets upon. and it's still possible to let a lot more regulation for the trip to market. it could make investing safer, raining in the risk, but likely the reward as well. that's our show. thanks for watching. and if you're celebrating your birthday today, like i am, enjoy and suitable ah, [000:00:00;00]

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