tv Business - News Deutsche Welle January 5, 2023 11:15am-11:31am CET
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and he is unable to stand for very long without excruciating pain. but he did choose to do so for much of the ceremony. it was only in the major central part of the ceremony with his a long prayer where the celebrant has to stand at the altar and that sir cardinal rodney stood in for him. okay, thank you so much, john barrick, thank you for being our guide. a through that's at sunless, you're watching the w's line from burning more at the top of the hour under round the clock on website, the w dot com. i'm good. with with the question of questions about life, the universe and everything. did you the answer?
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well in give it here. 42. the answer to almost everything. a word document 3, series with clever, crazy ground breaking questions. can we go into the afterlife? are we getting dumber? how can we feed every 1? 40 to the answer to almost everything. starts january 15th on dw ah, undoing the impacts of war on europe's gas supply. also, natural gas prices have drops to their lowest level since november 2021, helped by an unusually warm winter. the can you countries get that energy transitions back on track?
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and better beef here, how grazing cows on pastures can make them eat more environmentally friendly places. either we business on robots in berlin. welcome to the program, is europe's gas price crisis. finally, over wholesale natural gas costs for the continent have fallen to levels not seen since late. 2021 and several months before russia's invasion of ukraine. high gas prices have been a major driver of inflation across europe. the knock on effects of the war and sanctions against moscow. so then hit record highs during 2022, but an unusually mild winter that seen temperature records broken in many countries has went lower demand than usual allowing wholesale gas prices to tumble. well, as it tries to make up for lost gas applies from russia. germany is more renewable energy than ever before. in 2022. it's immersed, however,
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it still fail to reach it, sir, to reduction goal according to energy. think tank a gora 1st. let's look at the good news. a chorus report suggests the share of renewable energy in germany is overall power supply mix has reached an all time high of 46 percent. the last year favorable weather conditions for wind and solar power playing a significant role in that however, a slight increase in renewable energy production wasn't enough to prevent a gore's other major finding that germany is c o. 2 emissions reduction has stored . it produced almost as much greenhouse gas last year as the previous year, partially because of the reactivation of coal plants to make up for lost gas from russia. so there's germany doing worse with its energy transition than it should be . that's the question i put to a gore's simon motor. the short answer is yes. in our annual leave you, we look at the progress germany has made towards the ad to transition and it's
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climate targets. and this year we found a double surprise. on the one hand, the energy demand reaches the lowest level since the german reunification, due to energy savings triggered by the energy crisis. on the other hand, emissions remained stagnant on the previous years level. however, to reach the climate target, they would need to decline by about 40000000 tons. one of the big reasons why there hasn't been a drop in c o 2 output has been the re instigation of some coal burning to help make up for lost gas from russia. is that something that could have been avoided by the german government or something that had no real choice ever? so 2022 presented an emergency situation that called also for drastic measures. however, this slight uptick in the cold generation leads to quite
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a significant impact on the emissions simply because coal is such a dirty fuel. this other lines that it's a parents, we secure the exit from coal by the year 2030 in germany, and also that we accelerate the build out of renewables. so renewals actually had to record year in 2020, due due to more favourable weather conditions than the year before. however, especially the build out of wind energy on land onshore, wind is in a deep crisis. still. we had 2 gigawatts in the coming years. we need to get to 10, so this really must be the priority for the year. 2023 for the german government. now, what is, is that is causing that back crisis when it comes to building out the renewable energy sector is, is it something that the german government has control over? is it regulation? what is it? absolutely, the german government does have control over this. it's an alignment of multiple
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factors that have been around for several years. the 1st problem is that there are not enough land areas designated via spatial planning to be suitable for wind. and 2nd, the permitting procedures take several years. this needs to be cut down significantly . the government has already taken a number of steps in 2022. to address this, however, we see the urgent need to actually pass more stringent measures in the coming year to make more progress precisely on these areas. just something else i wanted to go view on natural gas prices, and now back to 2021 levels. thanks to a rather mild winter across europe is cheaper gas a good or a bad thing for germany's energy transition? i mean, it's better than coal, isn't it? so we need to distinguish to pricing levels. if we look at, you know, the higher prices during the crisis, it's very good that prices are coming down. if we also compare the gas price to the
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previous levels, it's still about $2.00 times higher then it was in the past years. and actually, i won't say this is good news for the transition because it makes investments in renewable energy more attractive than previously. but at the same time, it allows us to kick out cold from the electricity system at a moderate cost. ok, simon molar from agora. and he gave and thank you very much for joining us. thanks for staying with the energy transition. india is set to spend $2000000000.00 to develop green hydrogen. a country wants to cut emissions and to become a major exporter in the field. currently, india is one of the world's biggest greenhouse gas emitters, but is amy to achieve net 0 carbon emissions by 2070. by end of this decade, india wants to produce $5000000.00 tons of green hydrogen per year and become a major hub for the resource. applying 10 percent of global demand,
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green hydrogen is hydrogen that's developed using green methods. the government hopes it's plan will attract private money to the cause. it's forecast that total investment could reach almost a $100000000000.00 by 2034. let's discuss india's green hydrogen ambitions with our correspondence in tele, cherry carter, k cherry. how big a role is green hydrogen actually expected to play in india's future energy plans? well, i remember very clearly, you know, in march last year, the federal transport minister drove up to the parliament in a hydrogen powered car. you know, now those cards are not running on in your street right now. and by far from it actually. but it signals the government's intent of using hydrogen as a part of india's energy mix. and what has now been announced appears to be govern putting its money where its mouth is. you know, it's a massive investment of about over $96000000000.00. this includes a public investment as well as what the private investment will be attracted. that
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is a big amount. the objective is to develop at least a green hydrogen capacity of at least 5000000 metric tons by 2030. that's a big go move by the government or even the private sector is very energized by it and a but it looks like a lot of subsidies, little so going, going to come the private sectors. wait, rob, for a lot of big numbers in that shower. and the big numbers, the 500 gigawatts of renewable energy capacity, the india wants to in store by 2030 is their screen hydrogen plan. again to help me towards that. well, it's not entirely clear at this point of time law because it was not specifically announced, but it's most likely to be a part of that. now if you're up in years, very conscious of the fact that it's energy requirements are only gonna grow. you know, it's 3 degrees celsius in deli today. and the grid of the always already feeling the pressure and as a more and more electrification takes place. and as energy requirements are only going to grow and given the fact and as largely dependent on fossil fuels for
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generation of power, renewables are very key key component of india as future energy plans are hydro and hydrogen and green. hydrogen specifically is where the government is really interested in. and now we're with the subsidy that this new announcement over will be a part of it. it in the private sector is also energized. so apart from government backed out in the private sector is also likely to put all its efforts behind the production of green hydrogen and are in the as goals of becoming an, an a net exported of green hydrogen also are, are centered around these plans. so tall he had quite an ambitious plan and now the government is really appears to have put a it's money where his mouth is rob ciocca, to k and new delhi for us. thank you very much. let's take a look at some of the other global business stories making the news e commerce joint. amazon says it will cut more than $18000.00 jobs from its
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workforce. it gave current, economic uncertainty and rapid hiring for the pandemic, as reasons for the layoffs. now, some of the terminations will take place in europe. the company says, amazon announced 10000 job cuts back in november to and afghans taliban let government is poised to sign a contract with a chinese company for oil extraction in me. i'm a diary and basin in the countries north. it would be the 1st major extraction deal . the taliban has signed with an international company since taking power. now have you ever fancied a flash mean a shawl or perhaps a beautifully delicately designed carpet? well, you can find entire workshops and families dedicated to producing these items in indian control kashmir, but what does the future hold for these businesses? well, let's take a look. darted on either side of the scenic delake,
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are artisan studios and craft shops that re deed with the skill and talent of indian control kashmir. here tourists can browse through handmade carpets bash mina shawls and a wide variety of footwork. after 2 years of pandemic, stagnation shop owners are hoping for better seals in the months. ahead. as we are putting will have been doing this work for the last 20 years, earning $5.00 a day. it's hard to sustain our families with this little amount of push me not making as a laborious profession. an entire family gets consumed with this work. despite putting so much effort and hard work in the real benefit doesn't reach us. the middle men are making huge profits while we get paid only the days. earnings local, okay. might, i spoke to was your name was, were the door. and so the government introduced to kraft safari to promote these businesses, but bought to us a decline in the craft sector, could mean jeopardizing the jobs of over 200000 people who live in the area. it's
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a last ditch effort to revive the industry. many are keen to spread the word i say why not? because you know, of people like us who have a certain region, social media and people see us to all the world we have were people who follow us for the work we do and we showcase could meet arts crafts. and as we said that, you know, we saw county shore, we saw wood carving, we saw copper work. so we want to bring this essence of push me to forward an added bonus. visitors can meet the artists behind the products and see how these items were made. the government and locals hope that these boats and the tourist they bring in will help the industry stay afloat. and just diver, reminder all of the top business story that we're following for you this, our european natural gas prices have fallen to the lowest level since november 2021
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. unusually mild winter has seen a significant drop the demand and means the search and wholesale prices caused by the war and ukraine has been wiped out. and that's all from me on the business team here. and berlin, if you'd like more from us, you can always head over to our website is d to we dot com slash business. you can find on the d, w, and use youtube channel of course. and we're on facebook as d to we don't business till next. time okay. ah hello guys, this is the 77 percent. the platform with issues and share ideas. you know, on this channel we are not afraid to dedicate talking. young people clearly have
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the solution good future to the 77 percent. every weekend on d. w with secrets lie behind these walls, discover new adventures in 360 degrees. and explore fascinating world heritage sites. d w world heritage 360. get the app now with ah 12 year old abdul was badly injured in a bomb attack in afghanistan. he lost both hands and that of somebody, a good medical treatment is almost impossible to find in the poverty stricken country. and he and his father are dead.
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