marking and energy crisis, global demand for coal is rising again. take a look at what that means for the planets and investment into renewables. i'm chris cobra. a lot of the program you as president joe biden and china jean ping met and bali today to discuss and set guardrails for future relations between the 2 countries. tensions between the wells to top economies have been increasing sharply in recent years with beijing becoming more powerful and more assertive about replacing us lead order that has prevailed for decades. you as a so being for the meeting to establish, quote, clear rules of the road and help avoid escalation of an ongoing political and economic match for more. so bring in my colleague cartoon and here are china analyst clifford. of course,

there are multiple political hot button issues on taiwan, ukraine, north korea's nuclear ambitions. what they can amik areas over which the u. s. and china are at loggerheads currently. well, this is the world's most important economic relationship. it's the world's 2 biggest superpowers. and so it's very important for the global economy that they at least find a way to an accommodation with each other. maybe if they can't get along that they can at least find a way to, to, to keep the relates to get the relationship going. again, at least and economic issues are primarily related to the fact that they are systemic rivals. these issues that you mentioned at taiwan, north korea, all of these set them up a systemic rivals at the same time they have to find common ground on the economy. so what they're trying to agree is some way that they can deal with at major trade issues that they're dealing with as semiconductors, tech, 0 cove,

all of these economic issues that are setting them apart and they need to be resolved. as we heard a person by holding for rules of the road to be set there, what could they look like? well, these guidelines, we've had red lines. we've had various descriptions coming into these talks. and i think what they will, they will probably do is that that will, they will have to find somewhere where they can make concessions. china really wants to semiconductors from the u. s. this is very, very important for them to help the economy grow. and but the u. s. needs the 0 coven rules to be relaxed, and it wants more reciprocity from, from china. it wants more of a, it basically, they need both sides need to relax a little bit while at the same time, maintaining this systemic rivalry. so there's going to be a lot of juggling going on, but so far the signs are positive. he ws clipper. conan resident china analyst different. thank you. now before heading to the g. 20 summit in indonesia, german chantelle, all of shawls,

has been visiting vietnam and singapore to gauge opportunities for german business . there. germany wants to reduce its heavy dependency on china. mature political tensions earlier. my colleague richard walker, i spoke to z men's c o. roland bush asking him whether it's time for german businesses to diversify. it depends on how you define, define it. if diversity cation means doing less than china, instead of doing more business and others, i don't believe this is the right thing to do. i think it's doing additionally more in other countries. the point is that if you will think about when you allocate an euro of investment or a dollar investment and you added into an existing running machine on a big market, which is fast growing returns faster than if you start in new in new areas, new markets so, but we have to acknowledge that resilience is all of our price. so therefore it is worthwhile investing now in new markets and diversifying. but on top,

on top of what we do in china. so for me, this is of the strategy of siemens is doing that you can continue investing in china. we want to keep or even increase on market share there. there's nothing bad about it. taking the chances we have. but at the same time, looking to other markets with a stronger focus and grow our business there too. but having quite cautionary notes about china at this conference, i mean, the former australian prime minister, kevin, but just speaking earlier today, talking about china moving to the marks is left on the economy and to the nationalist, right. in terms of security on the she gym, paying as we've just seen, that the recent party congress. what does this mean for a company like siemens which has significant investment in china? young number one is um, as long as we take our make our return, we make a profit to go, the chances are it, sir, it doesn't really change our strategy. and if there's something disruptive

happening there, then we have to deal with that obviously. but until then, i don't, i don't believe it's a good idea to say pre cautiously i pull out of a market which as use opportunities for us because you never know the same time and what we do definitely if lee is working or supply chains, which is another dimension, there are 2 dimensions of diversification. one is the market accessing and low on supply chain. of course, we are diversifying our supply chain very much so, so that in case something happens, you know, for an export control regulations that we have double sourcing. and we can keybo operations running in other countries, of course. so therefore i do believe that's the right strategy and, and we feel quite comfortable with that. i would subscribe were sort of the scription for of mr. rod yet you would agree with that. yeah. so, so, and you say in case something happens, i mean that, of course, the big sort of scenario that people are worried about is chinese aggression against taiwan. we have seen what russian again,

aggression against ukraine has meant for the world economy, a company like siemens. what are you doing to prepare for a scenario like that? you must be factoring that into risk planning? yeah, i mean number one, as i said before, via analyzing our supply chains and see where, where is supply coming from, our deliveries between countries and hol, can be diversify, so that we have in case of double sa sick. so this is one thing we gonna do, and the other one is diversifying the markets, which we are working on, that another element. and the last point is that i'm a little bit more optimistic here. i hope that rational prevails at the end of the day. because there would be only loses the men see oh, all on bush talking to did others richard walker there. now how to balance energy security and climate protection has been top of mind for many people and leaders this year. whereas energy security seems to have been the more pressing issue,

rushes worn ukraine as triggered an energy crisis, which many countries, including germany, are trying to mitigate with a comeback of coal. and countries like south africa, a profiting from a global rise and demand they're on their way to a 12 hour shift in the mines here and implemented banga in the north east or south africa. coal is a big part of life. nearly a $100000.00 people work in it and it accounts for 80 percent of electricity production, but it's future is uncertain. a south africa tries to taco climate change. oh, it's sad because there are a lot of minds which employ many people. it's a close, a lot of people would struggle the mines very important in our lives and also coal because we even make fire with it. it is very useful. last year to help south africa switch its power production from cold to renewables. you are promised at

billions, but that has changed since the west sanctioned russian coal amid the war in ukraine . cold prices have sword and south african coal exports to europe have increased nearly eightfold since the war began. it's a dilemma i. well, system o n clean energy which will be his capacity was what we've seen has been meghan composites with them, one of which should also with the reserves that us deliver comes this did a lot of his to me with his the white outs and then then we'll exist south africa and fossil fuel companies are profiting from record cold prices and soaring demand. so for now, moving away from polluting energy sources is once again on the back burner or from or in those last spring. and simon miller, he's an energy transition expert. i welcome to the program,

simon. what does it tell us about the green energy ambitions of industrial and emerging countries? when being confronted with this emergency scenario that we're seeing right now, every just falls, everybody falls back and they're heavily carbon emitting ways well, i think it's very important to distinguish the short term immediate response and the structural consequences. when we look at the short term response, it shows us that we're still deeply dependent on fossil fuels. but if we consider what does this mean structurally, i would say it's very, very robust, that we will see a dramatic acceleration of renewable energy's. why they have the cost arguments on their side. they have the energy security argument on their side and the sustainability argument. anyway. however, if we look at the immediate response to the crisis, of course, we need to rely on existing facilities, existing assets, and they are there and can burn fossil fuels. so around the world this consumption

has gone up. however, the price is very high, the reliability is very low, and this provides a strong structural incentive to direct investments into renewables and energy efficiency left saw briefly about the here and now what are the consequences, the immediate consequences of this resurgence of coal? well, 1st of all, what happened through russia's aggression against ukraine is that the largest fossil fuel exporter has shut down partially or been shut down. so this explains why there's a scramble to substitute those export. so essentially, we're trying to mobilize other supplies, but on the global level, if we look at the coal consumption, there's multiple reasons driving this effect. one reason also is a severe drought in asia, which has led to reduced availability of hydro power. so we see the consequences of

the climate prices as one element. what needs to happen now is very clear that the investments for new generation facilities go into renewable energy, for example. it's also a huge opportunity for a country like south africa that's been struggling structure lead to meet its electricity demand. and when it comes to these investments, the international energy agency says that a global funding and clean energy sources could rise by 50 percent in the coming years. if investments go ahead as bland. is there enough incentive for these plans to materialize briefly if you could? yes. why? because fossil fuels currently are very expensive. the supply is fairly unreliable . vast number of countries experiencing this right now, coal deliveries aren't coming. and so this provides a strong incentive for switching over and that's why the international energy has come to this conclusion. simon miller and j transition expert. thank you so much.

thanks. and as a reminder of our top story at the sour, yes, president biden is meeting shy as leader g shipping and indonesia to discuss issues ranging from beijing's aggression towards taiwan. 2 world trade. that's all for me and the business team here in berlin. thanks for watching. ah, with

ah, we need clean energy. we predominantly use fossil fuels. as we cover the climate conference, we asked how a wind and solar power being utilized and just how sustainable all these green energies really tomorrow today. even 90 minutes on d w. and we're interested in the global economy our portfolio d w business beyond. here's a closer look at the project. our mission. to analyze the

fight for market dominant this, this is where it is still the head. with the w business beyond music can't be destroy, it kept what you can try, but it's impossible. i own movies. ah, she performed for her life in auschwitz. jewish cellist anita laska van fish. he was denazi's favorite conductor. mm hm. foot 2 musicians who lived beneath the banner of the swastika, ah, why was music so important to the national socialists? music and the odds were to be used as part of the motivation of film about the sounds of power and inspiring story about survival. thanks to music

at home and usually such the channels play out. well, i was the only one and i was super lucky. duke music under the swastika starts november 19th on d. w. ah ah, this is dw news live from berlin. g 20 lead us gathering barley for the annual summit. the focus is on 2 nations, in particular the united states and china far apart on issues like taiwan and duke right now, but didn't joe biden and his color patch, he's in pink, sit down and body for the 1st face to face.