both the french as the eiffel tower and the bank gifts, but now franz bases a shortage of its favor conduct and the search for oil put brazil the whale 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 of 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 60 largest banks have invested more than $1.00 trillion dollars in 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 an equity 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 while let them all hear is that the finance

wash? sure. secretary general, welcome to the program. been a while. 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 oil will also not become too cheap. does have to be correct. so what we have to understand here is that this, this is an issue of financial stability and financial stability about managing long term risks with a long term provision. so the discussion on the paper right now of the european argument 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, able to absorb future losses, which would materialize anyway. whether because governments,

we take the economy out of pocket use or because climate change, we start to happen. but these losses will come down the road at some point for sure . now, many banks are investing in green energy's, it's become, you know, quite a popular thing to putting the money into green energy is not 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 financials, to be 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 fossil fuel 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're exposures, 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 law in the future. so this is basically what you're putting for that, that law makers use the leverage that they have to tell banks. all right, you need to put more money on the side. absolutely, and that's the case. so we have the capital requirements regulation, which was put in place or reinforced 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 seen this process. and countries can become recognized by central bankers over the planet as the, as a material financial risk. so there is a proposal on the table to increase the capital buffers in relation with these exposures. 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 leven climate moments as we had to surprise crisis. what years ago now,

further down the road, ben briefly by how much do banks need to up their provisions? so that's the thing we did. the study makes a calculation that we talked about on average, about 3 to 5 months. you're already profit, and this is based on 2021 profit. and one knows because central banks are rating interest rates banks and are making increasing profits in 22. and so what we ask in the bank over the next few years is to provision so by retaining profits all around again, 3 months over a year, but then be able to spread that 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 bear to cost as we unfortunately cure the 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 to changes and how we have a 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 max airliner could be delayed, says this is not likely to come before mid 2023, delaying the mac. 10 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 must proceed. 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, just of the tank, a condiment anneal impossible to find this store owned by french mustard brand. maya is usually a big draw with foreign tourists. but now it to cracks french consumers as well. even your sales are restricted, only one job is allowed for household of the north, tickling diesel mustard. surely, la, 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. also the d by a zag median the supermarket zak. we found some mustard from poland while it's

mustard. but it's not the same form where it just doesn't have the same taste as dijon. mustard also too, but keeping up with demand for the beloved condiment has not been production is hobbled by a shortage of thieves. then the diesel is francis. heard, largest must have producer and employ a 160 by the company has some stock, 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 2 main sources of seeds, dried up. good mo, wouldn't bol? the double whammy has meant overall production is down 25 percent with you. the price of the skyrocketed and the factory time struggles to meet orders. luke fund, amazon 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 seat supplies. that we're going to have to diversify our sources of mustard seeds. we can't put all our eggs in one basket venue. the mustard companies are now offering significantly higher prices to farmers like publish journal for their seats. he's the president of the association that represents burgundy must of the producers moscow to teach you. and our goal here is to meet around 50 percent of the industries 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 vicious. 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, environmentalists and the country are concerned whether that will 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 seesaw in brazil and when it's the most important time of the year for researchers at the institute of ally who bought a the hub back 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. by listing wales play an important role in climate protection, their bodies, a large carbon sinks, and they help keep the ocean and balanced through the excretions,

which makes import nutrients into the sea. water 50 leaves those within the 1st bed . and then the 1st humpbacks, they're coming from antarctica, thousands of miles away to these nutrient rich waters for one main reason. to give birth. researchers arrived at the abroad house archipelago. their greatest concern is the pollution of the sea water, above all from oil. yet on maint yolanda, the most dangerous of all are small oil particles equal. when a film of oil develops on the mortar surface, the whales can breathe in toxic particles that damages their internal organs heats differently in missouri. 2008 saw the discovery of giant oil deposits here, some 6000 meters below the sea. 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 to disaster. it would be catastrophic if all platforms moved even closer to a proposal 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

a kick off. what's going on here? what is he doing? who do they think they are? good questions. you can find the answers here, all the games, all the goals. the point is legal highlights. in 30 minutes on d, w lou with sometimes a seed is all you need to allow the big ideas to grow. we're bringing environmental

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how they can go, what wilson for, but how they can also go terribly. watch it now on youtube. oh, this is dw news live from berlin. ukraine continues to regain territory and areas claimed by russia. president zalinski says troops have liberated more towns and several regions, ukrainian forces, and now pressing back counter offensive in the southern region of hassan.