related carbon emissions as more countries switched back to cold. but there's also good news. i'm from beardsley in berlin. it's good to have you with us. german chancellor, olaf schultz is in washington dc to day for a meeting with president joe biden, top of their agenda. ukraine war, another top priority is softening a blow of the us inflation reduction act. that's a massive package of incentives the, the europe years will learn away investment from its own borders, but not without reason. european firms increasingly say they'll go where conditions are right. at the company, burglar, they're particularly proud of this machine, the laminator, which presses photovoltaic systems from various individual parts and dust, so particularly quickly they can produce up to a $116.00 panels, an hour butler cells, these machines mostly to asia, but to the rest of europe to these and larger spit out of this plant in particular will stay in europe. but of course, future plans will increasingly go to the usa afterwards. partly,

or even completely due to the program figures or homes. that's because the new $1000000000.00 subsidies in the us now make it particularly attractive to produce green technology there, including solar cells. robert geyser has already traveled there to make contacts and deliver his machines. as maxine balls has a mechanical engineer, you say fine, so the project will take place somewhere else. as long as you're involved somehow, ah, but when i see this personally as a european, these investments are needed in europe and have now been cancelled by investors and manufacturers and are being relocated to the usa wouldn't been in the was awful lot of like him many entrepreneurs are hoping for solar boom in europe, seeing it as a technology of the future to help mitigate the climate crisis. time is of the essence. we have no not, we only have 20 to 30 years left, then there's no going back on the seo to issue. we have huge problems and in such

a significant situation, we have to act. in other words, at the e u. subsidy so far are insufficient to attract investors to europe. meaning the continent is lagging hopelessly behind the year where now quite late. europe's perhaps the last major industrial location in the world to get on board. so we can learn from what other countries are doing, what have they done well to ramp up industry there to form. it's hoped that could trigger a new boom and european green technology, which will that kaiser thinks will lead to more customers closer to home and secure jobs. you're going all we need customers in partners, especially in europe with whom we can work together to supply them. the next generation of equipment and develop accordingly. by living. he fears that without quickened and bureaucratic help, europe will once again become dependent on other countries for a key technology of the future. or earlier had

a chance to speak with simona mina. she's president of the american chamber of commerce in germany, and i asked her if american firms were rethinking coming to europe because of the new incentives back home ever listen. at the moment we see the contrary stephen. so we just announce old apple announce, guess that a big investments in munich and to we also see intel in finance and other companies because of the european ships act of course, other under st are in a different position. so especially for sustainability, i would assume that we will see german investments because of the inflation reduction act, also in the u. s. which per se, is not bad. so we have american members as well as german members and both are able to invest, chance atlantic on both sides of the atlantic because of good help from,

from the government. when the european ships act, we should mention another large incentive here on the european side to build out chip production. you mentioned some of the firms attracted because of that at the same time we see tesla, for example, a moving some of its battery making to the u. s. instead of building it out here in germany as had been plans, we know that there's a swedish company, north volt battery maker, not american of course. but similarly, it seems to be reconsidering its location in the north of germany as it looks at the u. s. is that, is there a sense that some companies that may have already committed, that they could be weighing their options because of a more attractive investment opportunity, new us? what we hear from our members, and as i said they are american companies as well as german companies that are some who may consider because of their special situation. i think at least 50 percent of saying it is not for me a question for an investment case because it's there for a special situation for,

for a u. s. automotive situation. and there it may make a lot of sense. and as i said, for example, apple is saying germany is a good place to be and to invest because of good workforce attractive quality of life. and that is also something to consider when you invest long term. what do you hear from these firms about energy prices? the seems to be a major issue amongst firms here in germany, across europe. as prices have risen because the war they may be here for increasing market share for other reasons. but that has to be hard for many of these companies . it definitely is a burden. the cost of energy were high, already be full, we have the crisis, and now they went up. but we also see in the world markets that energy prices is going down again. and to most of the companies are assuming that is the

question for 2 to 3 years. and then we are able to build up on renewables and then it will be cheaper as big investments are calculated for more than 3 years . so thinking about long term 10 years, then they are saying we can weather that. but of course it is a huge burden at the mom or that was simone a minute. she's president of the american chamber of commerce and germany. now to some of the other little business stories making headlines to u. s. investment firm g, q, g has thrown billionaire gall time, a donnie, a lifeline. one of the company says it's investing $1870000000.00 into 4 of a donnie's group. the donnie groups portfolio companies. it's the 1st public major investment since the u. s. report accused the company of fraud on this coincides with the indian top court tasking, the market regulator in the country to investigate the firm. germany's flagship

airline. lufthansa made a profit last year, earning almost 800000000 euros. that's after 2 years of losses as the pandemic. let's reduce air travel worldwide. and falling a big bail out by the german government. the airline says it's expecting further gains in 2023. a new analysis of global c o 2 emissions put out, but the international energy agency is a mix of both good and bad news of the headline figure is a record high for energy related emissions in 2022 to almost $37000000000.00 tons that's nearly a full percent more than the prior year. on the bright side, rising clean technologies including solar cells and battery powered vehicles, helped limit overall emissions. and those technologies are poised to play an even greater role in the years ahead. that's according to the report. right, because janna is an energy researcher at the reagans bird university of applied sciences. he joins me for more. because thank you for coming to the show that the i

. e. a says that recovery from the coven 19 pandemic is proving more sustainable than past crises. do you see that there is indeed good news in this report? are we just so desperate to find a silver lining? when overall energy related emissions actually went up? no, i think it's really good news because the energy transition is already working without this. we would have 3 times more emission raising, so it's already helping in reaching our climate goes, reducing energy independent, independent c a and stabilize our economy. i mean, there are billions of tones of seo to avoid a billions of euros that don't go through the pipelines to russia, but to remain in our economy in your european germany economy. they stay here, they create jobs to create welfare. so that's the good side. but we also like you discussed the i r a, we need to stabilize that. and by doing right, policy making,

i want to touch on the inflation reduction. i can just a moment, but i want to go back to this year. how much of this could be just sheer chance? i mean, europe, after all has had a very mild winter, the chinese economy hasn't really been running full steam. could we actually see that in the years ahead? emissions might go up again for energy. no, i don't think so because it will globally, 8090 percent of renewables are in energy are coming from renewables, new installations. so the switch is already going towards renewables and it's just a matter of stabilizing and recognizing the benefits which we have here and to really do this energy transition. so i don't think that we will have a big racing emissions. i mean, globally, it's a different picture, but at least for europe, it will be a matter of competition. who is the one who can really produce clamor neutrally. and that's why we have this similar. so i'm quite optimistic on that. this pause of inertia, you're speaking of, you mentioned that inflation reduction act, this mass

a package of subsidies in the u. s. do you see that as a game changer for a development of these technologies worldwide, especially for something like green hydrogen perhaps? yeah, definitely. and i mean with that, we need this green technology from elect mobility, heat pumps, but also hydrogen power takes and so on. and that, that solutions are all there. i mean, many people do not know that we have stable power supply from wind and solar, backed up by a power to excel power to gas. and i put this all together in my new book on climate solutions and really explaining it easily. but it's doable. it's just a matter of policy making, and that's why the i re comes in and also europe has to answer because we are, especially in germany, always where we are very precise. but we, we lose the big picture. and the us just say we want to go that direction and they put it out the money and that attracts, of course company. and we have to take care of that. we are not falling behind our,

our leader role in the world. so i definitely, we need more pragmatism in policy making on energy and climate in europe. all right, back to that question again, we need electron mobility in our all of that for energy, for climate solutions. and we should, we should not rule out one like a fuel. and so we need all of that solutions to reach out to michaels or i want to leave it there for now with me. hire stana at reagan spurred university of appliances. thank you. thank you, steve. and finally, business and political leaders are pledging billions and aid in order to protect the world's oceans from pollution. over fishing, even mining of the global to day, our ocean conference is being held. panama us is pledge $6000000000.00 toward $77.00 projects, including green shipping corridors. the meanwhile, dedicating about 800000000 euros to research and monitoring. complicating the talks fact, large parts of the high seas fall outside of international jurisdiction. scientists say roughly half of the auction we breed comes from the oceans. they can

conservation pretty important. as a reminder for a top isn't story. german chancellor offshore, this is in washington d. c to day where he's meeting with you as president biden on the docket is the trade relationship between the 2 countries, including the inflation reduction act. we've been talking about the social right, that is our show for moral these and other topics is a lie. the w dot com slash business. we're also on youtube or the dw news channel. i'm seen beardsley. berlin, thanks for watching with

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