kashmir has long been synonymous with cloth, but what does the future hold? the families who produce the regions most famous fabrics. this is need to be a business. i'm of what's in berlin. welcome to the program. is europe's gas price crisis. finally, over, o sale 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 them hit record high joint 2022 burton and usually mild winter that seen temperature reco. it's broken in many countries as many 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,

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, these germany doing worse with its energy transition than it should be. that's the question i put to a gore as simon molar. the short answer is yes. in our annual review, we look at the progress germany has made towards the energy transition and its

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 either. so 2022 presented an emergency situation that called also for drastic measures. however, this slight up tig, in the cold generation leads to quite

a significant impact on the emissions simply because coal is such a dirty fuel. this other lines that it's imperative i secured the exit from coal by the year 2030 in germany, and also that we accelerate the build out of renewals. so renewals actually had a 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, on shore, 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, is it something that the german government has control over? is it regulation? what does it absolutely, the german government does have control over this. it's an alignment of multiple 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 give you a 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 price levels. if we look at, you know, the high prices during the crisis, it's very good that prices are coming down. if we also compare the gas price to the

previous levels, it's still about $2.00 times higher than 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 coal from the electricity system at a moderate cost. ok, so i'm in molar from agora, and he gave and thank you very much for joining us. thanks for having to staying with the energy transition. india is set to spend $2000000000.00 to develop green hydrogen. the 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 aiming 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,

green hydrogen is hydrogen that's developed using green methods. the government hopes its 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 deli cherry car to 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 mos lost here. 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 might far from it actually. but it signaled the government's intent of using hydrogen as a part of an yes 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's 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. even the private sector is very energized by it. and a, but it looks like a lot of subsidies are also 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 them towards that. well, it's not entirely clear this point of time law because it was not specifically announced, but it's most likely to be a part of that. now, it is very conscious of the fact that its energy requirements are only going to grow, you know, is 3 degrees celsius. in deli today and the grid was always already feeling the pressure and as a more and more electrification takes place. and he has energy requirements are only going to grow. and given the fact, india is largely dependent on fossil fuels for generation of power. renewables are

a very key key component of india as future energy plans are hydro 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, 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 our india as goals of becoming a net exporter of green. hydrogen also are centered around these plans so, so yeah, it's quite an ambitious plan and now the government is really appears to have put a, it's money where his mouth is. rub ciocca decay in 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 giant. amazon says it will cut more than $18000.00 jobs from its

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 a 10000 job cuts back in november to afghans taliban let government is poised to sign a contract with a chinese company for oil extraction in the army, 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,

are artisan studios and craft shops that re deed with the skill and talent of indian controlled kashmir. here tourists can browse through a hand made garbage, 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, i've 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 pushed 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

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 crush me to forward an added bonus to 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 i've a reminder 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.

unusually mild winter has seen a significant drop in demand and means the surgeon 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, it's d to we dot com slash business. you can find on the d to we in use youtube channel of course. and we're on facebook as d to we don't do business till next time. okay. ah ah, with

ah, ah, they all share a belief in peaceful coexistence, nbc st. george, near paris. this is nothing unusual. each of the world's major religions has its own place of worship it. it's a unique place of exchange hosting many inter religious services focus on your in 90 minutes on d. w. are you ready to get a little more extra? ah, these places in europe are smashing all the records. a venture just don't lose your grip. it's the treasure map for modern globetrotters,

discover some of europe's wicker breaking sites on your youtube. and now also in book form a a frankfurt, a hot international gateway to the best connection, south road and radio. located in the out of europe, you are connected to the whole world experience outstanding shopping and dining office. and johnny, our services will be our guest at frankfurt airport city,

managed by frappe art for josh. ah, this is d, w. live from ballad po, benedict. the 16th is lay to rest about to thousands of faithful gather for a funeral ceremony. presided over by pope francis it's the 1st time in 2 centuries that is sitting hope has conducted such a right for his predecessor also on the program.