both the french as the eiffel tower and the back guess, but now the trans face is a shortage of its favorite conduct and the search for ill put brazil the whale, the danger and there is no sign of anything being done to stop it for a couple welcome to the program. the energy crisis has forced a turn around in germany. berlin says little scrap plans to shut down a dozen coal fired power plants instead and keep them running for up to a year and a half. the 12 power plants with a capacity to produce 7 gigawatts will support the power red only in case other providers cannot keep up with the demand from industry and consumers. over the long term, germany's goal to exit fossil fuels remains intact, though with energy giant r w e confirming earlier today that it will exit coal power by the year 2030 climate change is also affecting the world of finance,

where the renewable energy is becoming ever more popular with investors, but banks still have billions invested in fossil fuels and that carries quite a risk. according to the european n g o finance watch. the groups analysis shows that the world's 60 largest banks have invested more than $1.00 trillion dollars and gas, coal, and oil ventures for germany is for, for largest bank such investments. add up to $23000000000.00. now finance watch says that the world's 60 largest banks would need $200000000000.00 next with you to balance any risk stemming from this exposure to fossil fuels. and that alone would protect taxpayers from having to foot the bill for, for, for any future rescue packages. now let's take a closer look at the matter with ben. i'll let them all here. is that the finance

wash? sure. secretary general, welcome to the program. been awhile. so your group, in essence is saying that there aren't enough provisions in case these investments go bad, right? but the question is, how big a risk is there for these investments to go bad? i mean, gas prices have been surging, and opec will make sure that's oil will also not become too cheap. and that's up to the correct. so what we have to understand you're that this, this is an issue of financial stability and financial stability about managing long term risks with long term provision. so the discussion on the paper right now of the european parliament that the ministry of finance, in terms of bringing more stability to the financial system, again, is a long term issue. so it's not about short term volatility or search in price it's, it's about making sure that these banks provision enough capital to be able to absorb future losses, which will materialize anyway. whether because governments,

we take the economy out of use or because climate change, we start to happen. but diesel says we come down the road at some point for sure. now, many banks are investing in green energy is it's become, you know, quite a popular thing to putting money into green energy. isn't that offsetting some of the risk you could, you could mention that, but again, 1st of all, some of these investments come on top of the particular investments. and 2nd of all, in a way that has nothing to do with the financial stability elements, which is basically what resetting the bank is, you know, and by the way, as you know, and as you just mentioned, i'm afraid also few companies and banks are preparing to some extent from the search in particular, price is linked to the war and ukraine. so we think these are your investments, you exposures, and these are your profits for the moment you will be your losses in the future. so make sure you provision for them. i would say that, you know, responsible mother and again, the legislature now has a chance to a great financial regulation to make sure these banks start building the capital,

the 1st that we will need to absorb the in the future. so this is basically what you're putting for that law makers use the leverage that they have to tell banks. all right, you need to put more money on the side. absolutely, that's the case that we have the capital requirements regulation, which was put in place or reinforce after the financial crisis. it's back on the table of legislators right now so that the german ministry of finance, german numbers of the european parliament, among others. ever saying this, prostate and country can become recognized by central bankers over the planet as the material financial risk. so there is a proposal on the table to increase the capital, the 1st in relation with these exporters. and again, you know, your investment, your profits, your risk, so cover up to them and the legislators can, can they've been know and take the steps to protect, protect taxpayers from what could be a lehman climate moments as we had to surprise price is what years ago now,

further down the road, better briefly by how much do banks need to up their provisions. so that's the thing we did the study make the calculation that we talked about on average, about 3 to 5 months, you're already profit, and this is based on 2021 profit i want to know is because central banks are reading interest rates, banks and making increasing profits in 22. and so what we asking the bank over the next few years is to provision so by retaining profits all around again, 3 months over a year. but they'd be able to spread out over several years so. so it's really minor on the side of banks to, to make sure the provision again and again this is about avoiding the next for years, ultimately very cost as we unfortunately cure b. c. when comic events like the floods in germany last year happen. most of the class comes to the government and ducks the men. i'll let them all finance watch. secretary general,

thank you for our thoughts. thank you. and now to some of the other global business stories making news, a new report changes and how we handle rubbish. could reduce methane emissions, separating organic materials, compositing and recycling could cut output of the greenhouse gas by up to 13 percent. the report from the global alliance for incinerator alternative urges better waste management as a key strategy to tack on climate change. boeing says approval of these threats version of a $737.00 max airliner could be delayed. it says this is not likely to come before mid 2023. delaying the max tens entry into service. going has already booked the orders from delta and other carriers. who expected approval in december, france, the world's largest mustard consumer has been facing a major shortage this year of its favorite condiments. the country depends heavily

on canada for muster seed. now a drought there last year, devastated harvests. sonya fall. nicole reports ah diesel. the medieval capital of burgundy is famous for the mustard the bears its name. yet even in this town, jaws of the tank, a condiment anneal impossible to find this store owned by french muster. brand maya is usually a big draw with foreign tourists. but now it to cracks french consumers as well. even here sales are restricted. only one job is allowed for household of the north, tickling diesel mustard. should the law i can only get one jar of mustard. i have a lot of friends who asked me to get some because i live close by. so sometimes i come here to get one point book at all. i'm a big fan of dijon mustard. it's a real institution in france. so the d, my a zag deed in the supermarket, sir, we found some mustard from poland while it's mustard. but it's not the same form

where i'm it just doesn't have the same taste as dijon. mustard will city. but keeping up with demand for the beloved condiment has not been. production is hobbled by a shortage of feet. blended visual is francis heard, largest must have producer and employs a 165 people. the company has some stock of brown grain locally grown muster, thief, but it's far from enough and all pretty well. there is a shortage in mustard seeds and especially the ones from canada. but at the same time, the harvest here in france have also been very poor, and all that put together meant for us are to main sources of seeds, are dried up, good mo, or the bol. the double whammy has meant overall production is down 25 percent this year. the price of the skyrocketed and the factory time struggles to meet orders look, fund madison says the only way out is to limit the dependence on canadian suppliers

. but reviving local must have production in the region. currently, it accounts for less than 20 percent of seed supplies. that we're going to have to diversify our sources of mustard seeds. we can't put all our eggs in one basket. benya, the mustard companies are now offering significantly higher prices to farmers like publish journal for the seats. he's the president of the association that represents burgundy must of the producers. moscow keeps you, and our goal here is to meet around 50 percent of the industry's needs. that's a good thing for everyone, the, it'll balance the risks for mustard companies and we would have local production here. and it wouldn't be huge, but it's still emblematic of our region because it's dijon mustard. after all that, i'm done the usual what the plan to ramp up local production is a mission. it aims to more than double the land devoted to go. we must have in

burgundy from a current for problem, hector, to 10 pulse. as brazil chooses its new president environmentalist and the country are concerned whether that'll bring change to one of their big concerns. offshore oil platforms or posing a threat to wales, swimming off brazil shores. but neither lula silver nor jerry or both noro have shown any interest in preventing it. august marks the beginning of wales sees in brazil and when it's the most important time of the year for researchers at the institute of ally who bought a the humpback whale institute. the specialists have seen only a few specimens so far this year. that's concerning, says eduardo camargo, he's the leader of this expedition. the years 1st, balise in wales play an important role in climate protection that bodies a large carbon sinks, and they help keep the ocean and balance through they excretions,

which makes important nutrients into the sea. water fit, he leaves those within the 1st bed and then the 1st humpbacks they're coming from antarctica, thousands of miles away to these new treat rich waters. for one main reason to give birth, researchers arrive at the abroad house archipelago. their greatest concern is the pollution of a sea water. above all from oil. gentlemen, on the most dangerous of all our small oil particles equal might. when a film of oil develops on the water surface, the whales can breathe in toxic particles that damages their internal organs. differently in missouri, 2008 saw the discovery of giant oil deposits here, some 6000 meters below the c, brazil's president at the time, lula da silva gave the green light for production. oil and gas were supposed to

bring greater prosperity to the land. brazil could now massively expand production, europe's energy crisis, yet another reason. well, conservationist edwardo is alarmed just treated as us. it would be catastrophic if all platforms moved even closer to a process as a whale breeding ground. this is fragile terrain. even a small accident could inflict major damage. the danger is clear, but at the moment the humpback whales appear to be doing well. researchers have spotted an incredible number on this trip. $82.00 to be exact, in a mere 3 days. thanks for watching. ah ah, with

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ah ah ah, this is dw news live from the ukraine continues to regain territory in areas claimed by russia. president zalinski says troops have liberated more towns in several regions, ukrainian forces and now pressing the counter offensive in the south region of.