tv Business - News Deutsche Welle November 7, 2022 5:45pm-6:01pm 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's view on why. i'm chris culver. welcome to the program. a want 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 protection facility and john jo, 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 invasion fabi. and let me start with you. what can you tell us about the conditions and the situation at the fox con, planned enjo? yeah, the plant is also called i phone city because it produces a roughly 80 percent of the newest, i phone generation. and it's also as big as a city. i mean with up to 300000 workers there and i went, john jo basically went in to look down at the authorities implemented a close loop management under the production side close loop. that means that the workers basically can only move from their dormitory to the work site. so it's a really harsh conditions. and on social media, we've seen a lot of posts and 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 um, several thousands workers. they were fleeing,
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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 and another was battered technology sector. what does this reduction and output now mean for apple? so go ahead, pull dead dad this few weeks out. ah, in the study and is to then they'll be like a reduced a or i'll put a and then a, as apple said, they already stanza and lower the expectation from the consumer and, and output. and they be standing for sun dealers say some our own channel. i shipments that 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 modem kazi, its not effect till much. ivan is this sir than the situation that apple is experiencing? now, is this a boon for apples competitors? it to me, i think it's for the candidate. it's not actually a bond because currently the overall all as martha lee ems are facing the same today, asian did the marker, will have things. and also there even demand from the consumers, i saw a post you can maintain deposition on the high end fabia and back to you and. and beijing. jamie's experts are down for the 1st time since mid 2020. what are the prospects of the 0 cove strategy that beijing has been pursuing? that strategy being eased yet it's a good question. i mean, the trade 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, colbert 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 and affections 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 not. dim correspondent, fabi, encroachment bridging and tech analyst. even ivan lam and hong kong. thank you to you 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 dodge bond onto telecom steel maker to the 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. now, earlier i spoke to karen piddle,
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director of the center for energy climate and resources that germany's e for institute for canada research. and i asked her why companies weren't doing more terrain in their missions. this is a couple of reasons. recently, of course, the crisis 1st to 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 and planning protection, they might not be internationally competitive anymore than they might also wait and see whether that 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 ambition in the has to be more efficient in the national policies. that's more certainty also about future policy. 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 ukraine could be propelling the use of renewables. do you agree with that assessment and when are we going to feel meaningful impact and principle? i do agree, i fear we will see in the short term, basically the emergence of fossil energy, especially switch from gas to oil or cold. 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 on international markets. but i think there will be
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this, this boom in investment and renewables, but it will take a couple of years. so we won't see it next year or the year after. but i think in the long term that will be for some help basically for that the colonization coming from the situation. kara pet, all director of the center for energy climate and resources are germany for instance, 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. now it aims to use the very same experience to send c o 2 emissions back into the grout, to w's macs that are ripples. 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 20132050. there's no way we can reach our targets without cc us. so take cement production. we will continue to produce the samantha take waste plants. they will be c o 2 that you can not do away with. you can capture it and you can store is 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, share total and equity. nor today marks the opening of the visitor center visitors from around the world to 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, where 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 underground 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 has said to expect longer wait times to receive its latest i phone for pro or i from pro max products because of china us strict 0 corporate policy. the tech giant has announced that its prime production site in china is operating at significantly reduced capacity that social thanks for watching. ah ah, with
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ah, re examining the way the holocaust is memorialized. is the culture of remembrance, froze, and time is distracting us from honoring a story coll atrocities in the future of remembrance, culture and international question. arts 21 in 30 minutes on d. w. a naval climate neutral can actually end up harming the climate. why? because the time is subject to any laws, the regulation,
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the truth behind climate neutrality. keisha. i find that it's on d, w. i making the headlines and what's behind them. d. w, news, africa. they show that was the issue, shaping the continent. life is slowly getting back to normal here on the street to give you in the report on the inside. our cars funds is on the ground reporting from across the continent and all the trends doesn't matter to you. t w is africa every friday on dw, imagine home, any portion of love us her now in the world right now, the climate change. if any, off the story, this is much less the way home just one week. how much was going to really get we still have time to go. i'm doing all
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with his subscriber all morning. he was like ah ah, this is dw news coming to you live from berlin. a start warning from the un secretary general on climate change. the clock is ticking. we are in the fight, the whole lives and we are losing. world leaders are in egypt for the cop 27 climate summit top the agenda compensation.
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