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tv   Business - News  Deutsche Welle  November 7, 2022 2:45pm-3:01pm CET

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and are discussing on how to save the world's climate. many companies are still falling short and reaching emissions targets will get an expert view on why i'm 1st cover. welcome to the program, a one gearing up to buying the latest i phone 14 pro or i phone pro max for christmas. better stop and take a deep breath because apple has warned to expect longer way times to receive its latest products ahead of the holiday season. because of china as a strict 0 covert policy, the tech giant has announced that its production facility and john joe, the world's largest i phone factory, has been locked down. abil said the assembly plant operated by fox con is producing at significantly reduced capacity. adding to the grim picture, china's export slumped 0.3 percent in october. there. sharpest decline since may 2020 or add 4 more in the spring and at tech
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analyst ivan lamb and hong kong and correspondent fabi and crouch my in beijing fabi. and let me start with you. what can you tell us about the conditions and the situation at the fox con plans in jungle? yes, the plant is also called i found city because it produces are roughly 80 percent of the newest i phone generation. and it's also as big as a city, i mean with up to $300000.00 workers there and i went, john jo basically went in to look down at the authorities implemented a close loop management on the production side close loop. that means that the for workers basically can only move from their dormitory to the work site. so it's really a harsh conditions. and on social media, we've seen a lot of posts, m a stating by workers that you know, the medical conditions are not a sufficient, some were event, a fearing like, not enough food supply. so what happened is that m several thousands workers,
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they were fleeing, they left the production site because they didn't want to work any more. also out of panic that and it, the virus might spread with in this a close loop management engine, or fox con, so far has even offered a recruitment bonus for any worker that would return. ivan, over to you and hong kong demand for high and smartphones as helped. apple remain a bright spot in an otherwise battered technology sector. what does this reduction and output now mean for apple sofa had pulled their dad this of the week. so, ah, any disturbing it is to then they'll be like a reduced a or i'll put in and then a, as apple said, they already status angela expectation from the consumer and, and apple and they be standing for some dealers. say some our own channel ah, shipments, but this output as him at all, only for the i phone,
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14 pro and pro max that for the 14 and 14 classics. not effective much. ivan is this sir, than the situation that apple is experiencing now? is this a boon or for apple's competitors? and to me, i think it's for the committee days, it's not actually a bond because currently dull rural, all as martha lee ems are facing the same sedition that the marker will have things and also their even demand from the consumers. i saw a post you can maintain their position on the high end fabia and back to you. and in beijing, chinese experts are down for the 1st time since mid 2020. what are the prospects of the 0 covered strategy? the beijing has been pursuing that strategy being eased. yeah, that's a good question. i mean the trait numbers are really disappointing and they are
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a proof to what degree is iraq cove asserting the economy. however, on saturday, the national health commission gave a press conference, clearly stating that the country will stick to 0 covert am. but let me tell you that the numbers are, i mean, the infection numbers are as high as you know, early a may. i mean, the biggest rice infections a since are basically half a year. so it's entirely possible that the virus at some point will force an opening up there to really a critical timing. we can see that also on beijing want more residential compounds are put under locked down. and really it is questionable if china can again contain the spread of the virus or no dim correspondent, fabi encroachment and bridging and tech analyst. even ivan lam and hong kong. thank you to your both. just how committed our company's world by to climate protection. the london based carbon disclosure project has been taking a closer look to see what measures companies are taking to combat climate change.
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now the institute examined $12000.00 companies around the world, but only a fraction are committed to measures to stop climate change. now a mere 272 companies need one of the 3 criteria needed for a top score. just 2 percent of all the firms surveyed companies must prove they are reducing emissions and that their climate protection plans stand up to scientific scrutiny and germany just one firm. the flavor manufacturer, sunrise is judged to be a truly environmentally friendly company. in all 14 german companies made it onto the list of active climate protectors, including rail operator, dutch bondo, telecom fuel maker, toussant group, and software group. s a. p. s. a. p. is committed to climate neutral operations by 2023. altos and group has pledged to produce its feel in a climate neutral way in the future. my earlier i spoke to karen piddle,
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director of the center for energy climate and resources that germany is equal institute for economy research. and i asked her why companies weren't doing more terrain in their emissions. this is a couple of reasons. recently, of course, the crisis 1st, a corona crisis, and then the war off russian on ukraine. of course basically put a demo on all kinds of investment and that also concerned climate protection investment. but on the other hand, there are some more basically underlying issues. so for example, companies are still fearing that if they increase their cost by investing in time protection, they might not be internationally competitive anymore than they might also wait and see whether there might be additional subsidies coming that way. if they invest in it too early, that might not get them. so there's a number of different issues that prevent companies to invest at that scale as it would need it would be needed with cop 27 meeting right now. how are emissions
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globally to come down when companies in g 7 countries for example, failed to reach the emissions targets set by the parents climate agreement. and basically on one hand, to have to be more efficient in the has to be more efficient in the national policies estimate more certainty also about future policies. so decisions have to be made quick and decisive. but on the other hand, also there has to be more international cooperation between especially the big emitters. but of course asked the global situation is at the moment of china and the u. s. being at loggerheads, but also with of course russia, europe and the whole sanction situation. the question is whether that might be feasible. so you don't see the real willingness for cooperation here. is that right? i think there is an underlying willingness to cooperate with respect to climate
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protection because all countries basically face the repercussions if they don't. but on the other hand, that is kind of, there's an overlay of current political of the current political situation, which prevents many things to happen. speaking of the current political environment, the international energy agency says that the ramifications of the war in ukraine could be propelling the use of renewables. do you agree with that assessment and when are we going to feel meaningful impact? principal, i do agree, i fear we will see in the short term, basically the emergence of fossil energy specially switch from gas to oil or coal. but at the same time, there's, of course, a large incentive now to kind of secure, more yeah, less expensive energy in the future and that will be green. it's also less prone to uncertainty of fluctuations and international markets. i think there will be this,
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this boom and investment and renewables, but it will take a couple of years so we won't see it next year all the year after. but i think in the long term that will be some help basically for the compensation coming from the situation. care at all director of the center for energy, climate and resources at germany institute for economic research as always, thank you. thank you. and staying with the attempts to save the plot of climate for decades, norway has been extracting oil and gas from underneath the sea. nowadays to use the very same experience to send c o 2 emissions back into the grout. w's. max vander reports this building site doesn't look like much just yet. but the technology being put in place, your norway could help cool down the planet norwegian prime minister, eunice castille, that has come to visit. he has made this project
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a top priority towards 20132015. there's no way we can reach our targets without c c us. so take cement production. we will continue to produce the cement to take waste plants. they will be c o 2 that you can not do away with. you can capture it and you can store as safely that this critically important. c c s stance her carbon capture and storage. the northern lights project belongs to a norwegian government program, norway, in partnership with energy companies shed total and equi, nor today marks the opening of the visitor center visitors from around the world should be able to learn from the experience gained here in norway construction here again, will go on for one and a half more years. and after that, the goal of northern lights is to store $1500000.00 tons of c o 2 each year, underneath the seabed. the idea c o 2 from carbon heavy industries will be captured and brought to norway by ship. from here it is pumped out to see via pipelines and
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then injected into rock formations, 2600 meters underneath the sea bed. ready ready ready the technology has been tested in smaller industrial projects and norway since the mid ninety's or excess c o 2 is pumped back into the ocean floor, instead of releasing it into the atmosphere. back on shore, in the city of bagman. at the norwegian research center, scientists have been exploring the storage of you to know about despite critics raising the issue of safety researchers like sarah gast, i believe there is little to worry about. there's a lot of natural barriers under ground that keep it from coming back up again. then over time, nature sort of takes over and will eventually dissolve all that c o 2 and it will for minerals and these processes can take decades and hundreds of years. but the point is, is that nature will, will do its work and, and prevent that c o 2 from, from being released again,
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storing carbon underneath the sea could help slow down global warming. but to really have an impact. it has to be done fast. and a quick look at our top of business story at the sour apple us said to expect longer wait time to receive its latest i phone for pro or i from pro max products because of china us strict 0 coven policy. the tech giant has announced that its prime protection side in china is operating at significantly reduced capacity that social thanks for watching. ah ah, with
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a master of the art of confrontation, this is wrong. a veteran of verbal combat. i mean, you're going to really, i try the undisputed champion of tough political talk. you trying to frighten people, you know, it's a fact everybody understand, except you enter the complex zone and join tim sebastian as he holds the powerful to account. this is a big failure, whichever way you like to spin conflict zone on d w. i. every journey begins with the 1st step and every language with the 1st word looks good. nikko is in germany to learn german with why not learn with him. with it's simple online,
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on your mobile and free d w e learning course, nico speak, german made easy. oh, can they get all the harvesters? are immigrants going? if they come in, every thing you enjoy eating at home with your family, was harvested by people who are being exploited. and i guess we're going to need to, we can't keep doing what we're doing for that. we need to be commit sustainable as possible. and that's why your green revolution is absolutely necessary. europe revealed to future is being determined now, how documentary theories will show you how people, companies and countries are we thinking everything and making make changes? if we don't do something,
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our children won't be able to enjoy fresh air units with this week on d w ah ah, this is dw news coming to you live from berlin. the start warning from the un secretary general on climate change. the block is sticking. we are in the fight of all lives and we are losing world leaders gather in egypt for the call 27 climate summit compensation for countries already.

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