of why indonesia is government wants to stop people from the buying in portion and the 2nd time to close. this is the of the business i'm paid ferguson. and thanks for joining me here in germany. thousands of steel barkers helping, protesting against each stage 8 rules blocking a mazda of kasha injection, aimed at making the industry more climate friendly. economy minister, a little bit hop, i can reassure thousands of testing clubs and 2 of our chris and just book the deal with brussels is on the verge of completion. the company says it needs subsidies of 2000000000 euros for new green, steel making cons that will be powered by climate neutral hydrogen. and it's due to begin production in 2026. this does include still planned as part of an industry that accounts for nearly 3 percent of germany's carbon emissions ion and still making produces around $20000000.00 tons of carbon dioxide a year. thanks to blast furnace technology. but that set to change gradually.

the 1st less furnace powered by hydrogen will go into a peroration in 3 years. special pipes will need to be installed for hydrogen to be delivered continuously. so the production run smoothly. germany steel industry plants a 30 percent reduction, and it's carbon emissions by 2030. and by 2045, it wants to make steal production, carbon neutral. that would mean only using green hydrogen. the switch to green, a technologist will cost more than $2000000000.00 euros for germany's largest still make, or it does include the government plans to support businesses. so that the use climate targets can be implemented, clean steel will be significantly more expensive, and that's why the industry needs the government's support to remain competitive on the global market where chinese still producers are the biggest competitor. for

more in this that spring and dw time it reports that louise osborne louise, welcome a long no steel is an atoria, sleep. darcy industry, how realistic is this target to become carbon neutral by 2045? so it's not impossible, but it's going to be very difficult. uh, companies are moving in the right direction. they're looking at investing in green steel through hydrogen. um, but there are lots of problems with that. um, for example, there is just not enough capacity to make the amount of hydrogen that will be needed at the moment to, to make steal. there's also going to be new infrastructure that is going to be needed. and they're high costs that are going to be involved in that, and it's going to be costly for people buying steel in the future for the moment anyway. but it needs to be done. 8 percent of greenhouse gas emissions are created by the steel industry globally. and so that really needs to be brought down. so again, it's going to be difficult, but it can be done. okay,

so you're saying it's not impossible. we saw images there of to some corrupt. where are chris protesting? because they want to ensure that the government gives them enough money to build this green steel point. we got a little bit of a flavor in the report, but maybe you could explain to us what exactly is green steel. so steel is made using coal at the moment. and the idea is that uh, iron oxide is taken out the ground and to prefer purify b. and they need to put in uh, the, the cole. so that the, uh, the uh, the items from the oxygen from the iron oxide can react with the coal and that makes some vast amounts. carbon dioxide. and that is a major problem of what they can do is try to take out the coal and to use hydrogen instead. so that the oxygen is, i'm reacting with hydrogen and making water, which is great if you then have renewable sources that are making the hydrogen then that can lead to to green steel. um,

also the energy that is used if it's renewable instead of coal, then that will lead to a, an environmentally friendly product which basically okay, so that sounds very promising, but you did also mention cost. green seal is more expensive, then it's dirty equivalent. how can builders be encouraged to buy is instead of the cheap alternative? well, i mean, the whole economy is under pressure to be compromised. and you know, consumers are putting pressure on on builders and also others to, to copy nice. not only what they are producing themselves, but also the supply chain that, that is coming from so built as a going to have to in the future look for green, the top alternatives to make their consumers happy. so that's one side government for also putting pressure on on industries to d, called nice so that they can meet their green goals. costs of hydrogen based steel production is going to be very high to begin with, but that will reduce also. um, so from 2030 to 2040 that that price is due to come down and will probably also be

cheaper than coal based still eventually. ok. so looking beyond germany, china has always been known as a producer, as very cheap and very thorough sheet. steel, are there similar efforts there to green the industry? i mean, that's a really important question because china produces around 60 percent of steel at the moment, and it's a big player in the industry. and there is movement also that are to move to green steel, for example. they have 6 major well players that are are making steel and at least half of them are already investing in hydrogen based steel. and so they are moving in that direction. they also have the compensation goals as a country that they have to stick to. they want to peak on their carbon emissions by 2030 and become completely copper neutral by 2060. if they are going to do that still needs to play apart because it's the 2nd largest industry with regards to

a company, emissions in china. and. and we're just gonna have to see how economic growth goes as to whether china will stick with that plan or not. okay, so things aren't tentatively going in the right direction. the reason i was point, thank you so much for pressing hold on for us now to some of the other global business stories making news. time central bank has cost is main interest rates as new data reinforced concerns over a stalling post coven recovery in the world's 2nd largest economy. the move signal, the official dissatisfaction with the face of the chinese economy, which was expected to find a box after a star. she's abandoned strict corona virus controls. canada is freezing ties, but the china lead agent infrastructure investment bank. while it propes allegations that is dominated by the chinese communist party, the canadian former communications chief of the a, i b quit this week after making the allegations the bunk, cold criticism baseless and disappointing. the european central bank has raised

this key interest rate by a quarter of a percentage point to 4 percent. it's the bonds 8 consecutive hike, bringing borrowing rates to their highest level in 15 years. you inflation has dropped slightly over the past months, but remains of part higher than what economists consider healthy. as a group of music publishers has filed a lawsuit against whizzer over alleged copyright violations. the charges relate to around $1700.00 songs, which they say to us are used to attract the users to audio visual post. if science be in violation of copyright law, the social media company could have to pay more than $250000000.00 in damages. in indonesia, the textile industry employs some 3700000 people. despite the strength of the sector, many locals choose to buy imports, the 2nd hand clothing rather than the more expensive fleet domestic,

he made terms of. now authorities are violent to crack, then the practice looks like dirty laundry. but it is not 2nd hand tech styles. satellite hot cakes and indonesia at this market and by do was just saw there 1100 stalls, offering well known brands at low prices. the board of 2nd and close to indonesia has been illegal for almost 10 years. but no one here seems to care that some people may be relax into wearing secondhand clothes. that 2nd item, the upper middle class people here are interested in the see the other stuff that i've had with them. i disagree with the fun because so many people get the income from 2nd, i'm trade unemployment will increase. if this is prohibited,

the imports come mostly from japan does by the bread bishan. indonesia has still imported more than $870.00 tons of use quotes worth more than $11000000.00 us dollars in the last decade. you know, now the recent government has had enough. they're adding to crime down hard on the 2nd hand market in a bed to protect the domestic textile industry. concerns over health issues such as mode found in ward closing are also among the reasons why keep that mulatto import ok if the bad of imported cloth is not enforced by the government. and we allow them to keep selling in indonesia, the domestic techs so industry will be disrupted then the you out of the movies. yeah. yeah, and i don't remember if that happens the how with a country develop the $100.00 that it will buy one part of the strategy you to protect the domestic reduction as dues left huge stairs on a long list of newly produced textiles and fabrics. but many in the industry say

this is actually at the root of the problem. high import costs due to tires, have a negative side effects of factories like this one did, but do, would have to manufacture using only material produce in indonesia. this restricts their ability to offer a wider range of products and boost experts. plus the factors that don't develop neither the skills nor the machinery to produce global standard garments says someone who is familiar with the textile industry. hello say, but i pick on the images. the problem in indonesia is actually that the supply chain is too long, long supply chains without in high costs that in countries like china, the supply chain is already short. indonesia inevitably has to go in that direction with cut off and reducing the number of the legally imported secondhand clothes thing may help the domestic fabric industry to some extent, but it comes at a price apple 2nd head market. most people know,

worry about their jobs. they would rather live to see indonesia becoming more competitive on the global market, while still shopping for board designers shirts. i'm finally inflation. it's got sweden looking so crazy right now because us senior beyond say, may have contributed to the countries 9.7 percent here on your price. rise in may. they offer trajectory coincided for the stars of her world's tour, and the country costs for hotels, clothing and recreational services, rose prompting an analyst, a sounds confined to conclude that her much hyped concert may have accounted for 0.2 of the 0.3 percentage points. which hotels and restaurants added to the countries, inflation rate bills, bills, bills. and that ross, if i show from where you can always check, i do have a dot com slash business. we're on the date of the news media channel as well, for me on the team here in berlin, it's by the,

a sustainable farming for green washing capital. farmers in australia have discovered a lucrative falling cost on emissions trading. they return grazing lands to international eco system and receive credit for it. but it's, it's really environment friendly. critics down to it was on d w. one small step for a robot vacuum. one giant leap for exploiting the ocean floor. but this time, a research team will study the possible risk 1st. in order to minimize them. we

have an opportunity to to get it right before we even start. is this true major conservation, or only green washing? deep sea creek in 75 minutes on d, w. are you ready to get all the places in europe are smashing all the records? stepping to venture just don't lose regret being the treasure map for modern globetrotters. good for some of the rich wykard breaking site. and now also in book form, hey guys, it's evelyn charmaya. welcome to my pod cast matters that i invite celebrities influences and experts to talk about all playing loved data. and yet today, nothing less the south. all these things in more and the new season of the fuck.

com. make sure to tune in wherever you get your thoughts costs, enjoying the conversation. because you know it's last matter the, this is the deputy news line from prison. a huge search and rescue operation is on the way off the coast of greece. they're trying to find most of 5 is of one of the with ship breaks. it was seen in the mediterranean. it's fair to hundreds, could have drowned. also coming up the us goes on allies to take take the crime in the font back again.