tv Business - News Deutsche Welle January 24, 2023 11:15am-11:31am CET
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so back wasn't sorry, i said, so we said this at the beginning that it so you will let it type of organizations were wild on your avenues and streets. allen expect our supports for getting into nato and that is not happening in new york robes. de la sweden in turkey, appeared to be making headway in nato negotiations. the koran provocation is putting their ties to the test yet again. hello. c and with that you are up to date, chris of cobra has your business news that the next and then he gets me can and thank you for watching t w i . what people have to say matters to us. ah, that's why we listen to their stories. sh reporter every
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weekend on d w. and we're interested in the global economy. our portfolio g w business beyond. here's a closer look at the project. our mission to analyze the fight for market dominance . kit is still the head with d w. business beyond ah, europe could soon end its dependence on chinese batteries. a new study says the confidence investments and lithium ion technology will pay off and a dangerous thought to supply bottleneck. but it also warns, i mean, you threat from us subsidies, we're here from one of the authors of the study. also coming up europe looks to said to diversify its clean energy sources. well with germany announcing
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a new partnership with africa. i'm chris cope about the program. europe could end its dependence on lithium, ion battery is from china by the year 2027. that is, according to his study by the industry group transport and environment. it is a previous investment in battery. plants could set the continent up to produce all the components needed for the future. viva production. the biggest risk to this outlook. the us inflation reduction act launched last year which gives companies major incentives and subsidies to up production within the united states, possibly making some companies re prioritize their investment right for more or less bringing one of the authors of the study. julia police can nava senior director for clean vehicles and e mobility had transferred an environment. welcome to the program julia. so europe self reliant on batteries. how
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did that happen? well, actually this is the result of the success of i'll let green policy agenda sh, clean carol's, for example, promoting the electric vehicle market has created the investment in europe. so that to day l. 50 battery, king of actors in the factories producing that scale are announced. committed to by 2030. meaning that even already last year, we produce ha, all the batteries that we needed in europe. so that's a real success. okay, julia, how likely is it that these companies that are these factories rather, will actually be built until now? those are just plans aren't big? absolutely. so some of these factors, a more advanced than others, but many haven't secured full funding, haven't secured off take, or they don't even know what technology exactly they will be producing yet. so this
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all shows the potential, right. and now we need smart industrial policy agenda in europe to make this potential happen. and that's where u. s. irate today is a real risk to this announcements tell us war opposite, how substantial is there. so yours and fletcher additional reduction i to europe, screen, energy ambitions. well, we already know that there's a few companies that already actually said, well, you know what, we'll 1st build a factory in the west because it's more attractive, they're the subsidy. the u. s. is due in, on average, can cover up to one 3rd of your entire cost to actually build a battery factory in generally the us that's huge. right? and that's what we need to do in europe as well. i want to stress that it's not just about money. there's at least 3 thinks pieces of this agenda 1st. let's continue lock in in ambitious green policies. they drive investment case, we have it for cost, we now need to do it for trucks. secondly,
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we need to get things done faster in europe, so we need to have some kind of green simplification agenda. so it's faster to build a battery factory than a co factory, europe, and finally, money. joy, amani? just to we, julia, just just her interject here when it comes to supplying subsidies and to make things easier. so you might have berlin lobby against that because the german government is warning against protectionism. so did ideally, of course, we all want to rely on open markets, efficient traded cetera, but the us, i right 1st china now u. s. i a have really just changed the rules of the game. if we want to have this industry, we need to be for the financial support we give to these companies, but it needs to be smart. it needs to really target the sector. they are at risk. for example, green battery value chain. it needs to also not just do research and pilots,
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but 3 focus on opec's or supporting production scale in europe with the necessary environmental safeguards in place. so do things simpler and better than in the past if we want to still be in the game. julia paul is kind of our senior director for clean vehicles and e mobility at transport and environment. julia, thank you for your thoughts. thank you. not worn. ukraine has shown that being dependent on one single country for all materials or fossil fuels can be dangerous . this is one of the reasons why the german government is now taking a closer look at africa and aims to realign its cooperation with countries on the continent. future corporation will focus on renewable energy such as the production of green hydrogen germany. germany is already working with morocco, tunisia, south africa, and algeria, and building a new partnership with kenya,
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namibia is also seen as a potential new clean energy supplier. germany intends to provide 30000000 euros for pilot projects on the ground. german direct investment in africa was just under 12000000000 euros at the end of 2020. not much compared to other countries so far only one percent of german foreign investment has gone to africa. china is leading the way, spending more than 300000000000 euros. now a short while ago, i spoke to b. s highlands, head of international development at the heel institute for the world economy. and i asked him what role germany is likely to play when it comes to firms creating jobs and opportunities for people. i certainly expect that germany will, will offer to help countries to, on the one hand, build more inclusive institutions to bite corruption to leapfrog, to green energy generation. and what we will have to see what kind of
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instrument germany will offer to its firms, to transfer to knology, to create shops in african countries. that's something which will probably only be visible. as for example, the economy ministry will create its own strategy during the countries on the african continent have very different economic conditions, which countries are in the focus here. so from the discussion i have heard during the last. yeah, i would certainly expect that for development corporation for development 8 am the reform partners like cynic, i will still play a major role. but when it comes to generation, we have seen that germany is interested in working with them, maybe south africa. and when it comes to security policy, certainly the west would be customer widely included, maybe the countries how does german government and had to strengthen opportunities for african companies on the german and european market as that is that part of
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this strategy? i do look so i think one in particular, when we wouldn't be to create financial incentives to diversify. so moving and what value of change from, especially china, poppy, russia, so other partners which to which germany is highly exposed. and then i'm in the process of transferring technology, know how and creating jobs in african countries. i think that would be highly beneficial to both sides. i think the, the elephant in the room here is china, obviously has had a major impact in on the african continent has been trying to gain a major foothold there. so what economic role really play in africa and will, europe and germany be able to counter that?
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so china is already and will become the main trading partner, most african countries replacing europe and especially former colonial powers. and the big question is, will the african countries play the role of supply of resources and markets for the final product, or will they be integrated into value change to create jobs? and what europe can offer is, for example, know how on how to integrate the continent regionally. we have done that in the you very successfully added the a you wants to follow. so that would be one of the office where germany and europe can really differ in the office from to tell us how can germany helped to address the issue of corruption? how can i get involved in fighting corruption? when the extremely difficult question, i think needs to be
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a dual strategy on the one hand, incentivizing governor as done with the focus on reform, countries willing to improve institution. and then what research has shown, it focused on civil society and working with local governments and local non governmental organizations. and you're taking journalists and so on is really important because they can provide oversight to the local government and help making institutions clean out the time. to be inside land, head of the international development center at the keel institute for the world economy. thank you for your insights. thank and there already are examples of successful call abrasion. the german car maker folks lagging us, teamed up with a rhonda newburn university and local partners to produce an e tractor that's easy to handle,
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repair and maintain. this electronic transfer can be powered with solar energy. and as a result, this partnership a 2 ton tractor with a 27 horse power engine. but the motor is electrically powered, a german car make a develop this detractor prototype along with the university of kigali and the g a . c, german is development agency. we just replace a diesel engine with an electric motor and put the battery on top of that. and there you see the swapping desk, you see the 2nd battery on, on the stairs. and when you come him here, you can move forth and back down then with up to can release a battery. and so we're back and for the full battery on the track road. so franken resume working the batteries are charged using solar energy. that's because salt lake tricity isn't just clean, it can also be used of grid. and only half of rwanda is actually connected to the
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grid. burnett munyosak, the year, and his team from the university of rwanda are working on making the batteries more robust. so that the each actor can soon go to work on a dusty, sun baked fields. rhonda needs it for other quarter americanization to beat user friendly because of for reducing the if the police are fatherly, need to re maximize the productivity. agriculture from that is rhonda has to increase its agricultural productivity to help feet. it's rapidly growing population. longer periods of drought linked to climate change are increasing the pressure to make farming more effective and sustainable. and there's a look at our top stories at this hour. europe could end its dependence on lithium, ion battery is from china by 2027. it's according to
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a study by the industry group of transport and environment. but it also warns with a new threat from you as subsidies and germany aims to boost kolber ation with africa, it will focus on renewable energy use, such as the production of green hydrogen in an attempt to further diversify its energy supply. after years of dependence on russia, that's a show for now for more checkout website at www dot com slash business. i'm chris kolber and belinda, thanks for watching. have a successful day. ah. joy, right through fascinating worlds. into uncharted deb our guides and know their way around it with a strictly scientific trip to some pretty wacky places.
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