election, we wants us all to come together as niger is a make this thing work. the security challenges will have to be tackled by the new president. once nigerians know who that will be and with that now you're up to date on seat of the news up next is business with my colleagues stephen beardsley will be looking at a prominent chinese banker who went missing. and the fallout for his company is always more on the web site, d, w dot com. you can also follow us on social media. i'm sarah kelly. invalid. thank you for watching. ah ah, every journey is full of surprises. we've gone all out to give you some tips one day in the, in the footsteps of who rigby home. i'm in your northern most count to please

ah, for a time in the long but still very much alive. d. w, travel yo guy to his essential her thoughts in germany. i recognized where exactly it was fun and i have learned a lot our culture history. all their d. w. travel extremely worth a visit with ah, he was one of china's top deal makers before he disappeared. tech investor bow font is supposed leap now back, but questions loom over his future and the fate of his company with also on our show renewables have become more attractive over the past year, or also more expensive to build out. we'll is

a conundrum facing pakistan. i'm seen in berlin. welcome to our show. well, he was once considered one of the country's most influential deal makers. and then he suddenly disappeared. now nearly 2 weeks after he was reported missing bow fun has been located or the founder of investment bank, china renaissance, is reportedly cooperating with chinese authorities on an investigation that's according to the company. the 52 year old billionaire is certainly not the 1st high profile name to disappear from public view in the country. of there was forced one group founder guar, guam chung, who disappeared for several days and 2015. then you might remember, jack mar, the founder of ant group. he wasn't seen in public for 3 months, beginning in late 2020. after he criticized the chinese financial system. well mart reemerge. later after it, beijing had squashed his company's plan. i. p. o. about funds disappears. dealt quite a blow to his company stock. it lost a 3rd of its value overnight showing once again that no public satcher is too high

for beijing's reach. without we go to frasier, how he is an author, an expert on business in china. fraser executive don't just vanish on their own accord in china. if you are a shareholder in this company. what does that tell you? what's your, what's your seo or founder disappears? well, you should be extremely right, because this isn't just the case of people, you know, seeking some privacy are going on. if you're going to treat the chinese government not even follow it, that it is people out there, they're all of the 3 different countries and, and then told them it, no access to lawyers or family or anything. and the fact that you know, very little over what's going on and it's what he said, we know very little. do we have any suggestion that bout may have crossed a line with beijing or was his stature simply to to high? no, i don't think it was so much bye in the sense that the banker and so he did all i

feel is, you know, money flows in you that there's more who was interested in getting residential placement and things like that. so it's a tremendous amount of knowledge is that the underlying entrepreneur creating the car isn't the way the job hours others. so i'm somewhat surprising someplace it's taken so long to get around, as he must have been an incredible funds of knowledge, but what deals are going on. but the trouble here is, this is students there some meaningful investigation happening. we have no understanding why he ultimately the school that or even the investigation is adamant. at a minimum, this would seem to suggest that the tech crackdown that we saw beginning last year is going further, perhaps reaching deeper than we thought is that fair to say? well, i think it's all going, but i think also should remember that ultimately, if you're in a fight and you're not dying and you know, a broken legs and arms,

then you've only lost the fight. and in that sense it is no longer be, but it's very much lost to fight the government. and she didn't pay me a bit of thought outside of the traditional legal channels. and guess what, the communist party, when is this just accelerating chinese companies, separation from western capital and western investors? or is that fight pretty much already lost? no, i mean they say it's completely lost, but i think foreign investors need to be looked at and be very seriously concerned about that on the nature of china is off and ultimately chinese. we claim that this is some form of regulation. this is not how you regulate, is our market, and it should send over a chilling message to investors both domestically and foreign investors looking to do business in china. that's fraser, how we author in china extra. thank you very much. thank staying in china, new study points to the scale of the country's investment in coal fired plants at

a time when many nations are trying to quit fossil fuels. but china will build on average to coal power plants every week. if all of this plan projects are completed this year, that's according to the independent center for research on energy and clean air. aging approved $160.00 gigawatts of nicole projects last year. it's the world's largest overall carbon emitter, and has pledged to be carbon neutral by 2060 all right, lorrie miller future is the lead analyst on this report for the center for research on energy and cleaner. he joins me from helsinki. lori, thanks for coming on to the show. can we say whether this construction this plan construction is in line with chinese climate commitments? what the government is intending to do is they're adding these power plants, especially during the summer the hours. and they don't then didn't then to run round the year of the same time. china,

adding very impressive amounts of solar or clean source, integrate and should be able to cover all of the sectors d, d, my growth from the sources. so there is a way in which the boss could go online and emissions. don't go up. the concern is that it creates a powerful listed interest to sue directly. energy build out where you have all these new plants and orders that are going to make use of them. so we can't say for sure whether this is even going to be uses anything, but essentially reserve is the clean energy transition. moving ahead as it should in china, you've sort of alluded to this already. we know that prices are getting higher right now. for many materials. we know that coal is likely to get cheaper and cheaper in the long run. are things progressing at the rate that they should to meet it's climate promises? the solar installations in particular are increasing at

a very impressive rate. so this year, the target is $165.00 gigawatts of weakness over at it in just one year, which will be enough on its own to cover the trend in christy on growth. so in that sense, there should be no more space for an increase in power generation from fossil fuels, a rate of ations is maintained in the coming years. is that a surprise to see the amount of power that they wanted to bring on via coal? when we look at the electricity shortages last year, we know that one thing the beijing hates is any sort of public disorder and definitely those energy shortage is last year. a could have thrown doubt into local governments abilities to provide with that. in view doesn't, it doesn't make sense to see this, this happening right now. it was clear after the shortage last year that some goal,

our plans were going to be at. it was a surprise, the indiscriminate way that these bonds are being approved. some of them could be justified on the basis of needing to have that additional capacity specifically during the summer the others are in or is that already have over capacity and so on. so there are a lot of interest in china that are using this opening to get projects approved with very little scrutiny. even if there is no real justification for very briefly what, what does this mean for western messaging to china as effect the way that other countries engage on this issue of climate? briefly, if you can one of the key just if you guys use the chinese decision makers are using use the increase in color scheme in europe and particular in germany. so there is value in us doing all that. we kind of transition to clean energy as fast

as possible. it also needs to be clear to chinese decision makers that climate core security issues or interests for the, for europe and success in reducing emissions will be central to offer a full relationship. or either laurie molig 50 and with the center for research on energy cleaner. thank you very much. thank you so much. and now to some of the other global business stories making headlines. volkswagens china cheese says he saw no force labor when he toward a plant and change young. earlier this month, the car maker has come under fire for its plant machine, john region, which is run by its chinese partner. you in has documented forced labor and attention camps across the region. british prime minister richie sooner is in belfast today selling has new agreement with you. i. britain and the european union have agreed on sweeping overhaul to post regs at trade rules in northern ireland.

it aims to simplify trade between the province and the rest of you. k ukrainian president automates. zalinski has held talks with us treasury secretary, janet jaelyn, who is on a surprise visit to keith yelling at the u. s. a transferred more than $1000000000.00 of direct budgetary aid ukraine. but that there were still significant obstacles to seizing frozen, frozen russian asses, excuse me. with a surging fuel and gas prices of the past, you're pushing more countries to get serious about the transition to renewable energy sources. for some, it's more of an uphill battle than others, especially during an economic crisis and terrible inflation. here's a look at the challenges facing pakistan. ah, crumbling infrastructure, decades old power lines, massive blackouts, and high electricity prices. this is life for millions and pakistan, especially in rural areas. businesses are hardly better off 9 hours of

power cuts daily and it is much more expensive. now if it was 400, it is now 2000 rupees. my causes entity sector heavily relies on fossil fuel. 64 percent of its electricity is produced with imported oil gas tank good. but the raising fuel and gas prices after rushes. imagine off you bring it in countries like back in sun to take that put measures what it's alisha from that mention validity of an energy sources. in the mega city of karachi, the dr. ruth faust civil hospital is an example for energy transition that snow lack of sunshine here. and the roofs are large enough to generate lots of electricity using solar panels. dozens of photovoltaic models with an output of one and a half megawatts power the hospital maintenance engineers say at our cell on our li, says the solar system will run for 2 decades, at least here, at the current,

these panels to produce up to 7000 kilowatt hours of electricity every day that covers around 40 percent of the hospitals toward la electricity needs sla daily spots aren't solid bit. dorothea. pakistan aims to generate 60 percent of its energy needs from renewable sources like wind and solar by 2030. currently, only 2 percent is generated by solar power. mohammed ali runs one of the many shops for private customers looking to make the transition to solar panels, which are becoming more popular. but record inflation is putting a damper on solar projects. in this he can be, it was our now prices are higher than b f. or even though taxes in solar put spent or less. now prices are according to the exchange rate. when the u. s. dollars expensive prices are much higher. dot on the job already jiggling. switching to climate friendly renewable sources in pakistan, it's like

a race against time. here the threat post spec climate change can be seen on a regular basis. last year's floods alone, cost damages worth $30000000000.00 will be like later with more headlines checks out a lot. in the meantime, d w dot com slash business go . mine is your grid. as i said, meet the found is increasing nigerian value of healing. a grid as a resource, as the people, and as why i think you guys ultimately just give them the power to make down

decisions on to courage. now, future series found is danny, african d w. mm. but as you go to, it is a thought they will gray a a growth and one of the poorest loans in africa. and the only money my parents could afford was just was the sheet. and even though was a struggle.