at 4 years old, this tiny tray now has plenty of time to come out of her shell in time for the next world championships. and before we go, he is a quick reminder of the top story. we're following for you today, nato and save you in stilton. burke says that turkey has agreed to back sweden spent to join the military alliance, said turkish president, richard type air, and one made a clear commitments and agreed to forward sweden's application to join nato to his parliament for approval. as soon as possible. as off from the news, but stay with us after a short break, stephen bears they will have the business update for you by the stopping climate change. that's what they're ringing for. several zones of the earth will become literally uninhabitable. today we're talking

about a few 1000000 refugees in the future. we're talking about the it's, it's no longer question of whether we get out of cold oil and gas. but when to fund assume about commitment and hope about visions and the people behind the verb and catastrophe. climate change starts july 13th on dw, the europe takes big steps towards producing green, steel with hydrogen, but can't find a market with for production without losing its shirt or losing out the cheaper dirty or producers elsewhere. also on our show that help us newest measure targeting ask in women also hits female business owners in the country. and welcome

to our show, i'm seeing busy in berlin. recent days of senior uptake new steps to the commercial production of of green steel steel. that's essentially carbon neutral and production and transport on friday, the auto supply company, instead of germany strike a major deal with hydrogen, producer h 2 to supply green still in the coming years. on the same day, the steel maker chosen group rolled out it's hydrogen production, arm caught new sarah to public investors who promptly put a 2 and a half 1000000000 euro evaluation on the company. other message seems to be clear. there's a lot of anticipation around green still, but the market is still young and there are plenty of questions before production begins on a commercial level. and we'll talk to an expert about that in just a moment. but 1st, here's an example of how green steel is produced. this steel mill is located right by the baltic sea in northern sweden. is the world's 1st successful pilot project for steal production using climate and neutral hydrogen. the intermediate material

for steel production is stored in this home in the form of small pellets obtain from the raul products iron or a rotary cone is then used to refine the iron ore rock. the. the next step is to increase the iron contents of the pellets. this involves and being heated with hydrogen, and then bolted down. so what we're doing here is if testing of technology, other things to replace the blast furnace and the blast furnace uses cold. instead of what we do here with high did them to refine the value of lauren's iron. we weren't allowed to fill in the process as it's an industry secret, but here's how it works. the 1st off is producing green hydrogen electricity from renewable sources, like wind or solar power, is used to split water view. electrolysis the in products,

oxygen in climate neutral hydrogen, or h to this has been fed into the hybrid blast furnace and used to further increase the iron content of the pig iron pellets. the in a 2nd stage, liquid steel is been produced, the electric art furnace, the the process is being held as a break through that will usher in a new era in industrial history. you'll get a bit blind of through while we're working with this all the time. but when it take one step back to think about it is, it's quite the stone, this thing will test being that you've there in just a couple of years. at the s s a b steel mill, they want to completely replace the old technology, which requires a lot of coal. everything will be powered with green electricity in the future. all

the furnaces and the new rolling bill. the green steel is set to get the green light in a couple of years. the new technology saves a lot of c o 2, and it's much more efficient. we say that from starting to model this graph for the sponge i run into an electric arc. oven seems to have a finish, a car that we could actually send to customers. it's roughly 3 hours. right now, the overall manufacturing process still last several days. but with green steel also meaning lower costs. demand is sure to grow the cool folks as a managing director and partner at boston consulting group. she joins me for more. nicole, welcome to the show. a wants to begin with said f in this deal. is this the beginning of a long term trend that parts manufacturers, in this case for the automobile industry, are going to need to commit to green steel production in order to meet their own goals? yes, sure. and you know, the good thing is that the european steel industry is on its way to deliver um for

those parts, manufacturers. so all the players have concrete plans, how to keep carbonized. and if all announcements materialized, then roughly 40 percent of your opinions ask when his capacity will be converted. so you place break, we just, you or you know, and you hands were come online like to one. you quoted endodontics, you've written about this idea of a green steel premium. that is, that there is going to be much higher demand initially for green still than there will be production. even with that premium in place is a green steel. the production is going to be so much more expensive. how or firm's going to overcome that gap? are we seeing plans working with governments, for example, to overcome that gap? i mean, generally to say that in 2030 and that's to year we are talking about skills will be in generally more expensive regardless of color. i mean, the green card,

which you're talking about, you said you were be about 70 percent or $70.00 more expensive in 2 days. graced you however, graced you will be also more expensive, you know, given the carbon price, which would be charging 2030. so but however, to put this into perspective, yeah, if you just look at the standard card to g, carbonized, the value chain, it's about 2 percent more expensive. this would mean for just a few of them that is a new car. it's 250 to 300 bureaus. and i mean, this is not so much less, you know, 1st assessments of the end consumer sentiment say there is to valid billing us to pay for next year requirements. so it just makes me hopeful that we work at the same time, aren't we hearing companies say that to make these long term investments and things like electrolyzer is that they're going to need some government help. and here in germany for example, i know there's been a lot of complaints that they haven't seen a clear roadmap towards that help. yeah,

we certainly, or just the, the industry certainly needs help and just comes in different forms and shapes. or if you want to replace a ton of old capacity, new capacity, you need to spend or roughly a 1000 bureaus per ton. so in how dusted come to the balance sheet of just you players do not have to string. so we need to get big support, but also what your mentioning is, you know, the infrastructure to renew of a c, h 2 component. so we need to, after set up, read, these are the discrete industry can produce and then just set us up. this world can start buying greenest you. yes. all right, those cap ex expenses, of course, meaning a capital expenditures i want to ask. do we even really have a definition for green still at this point, isn't that one of the, the tricky points or yeah, your right, you know how is being defined, i mean, to less carbon embedded into production degree, know the material is and i don't care. so much about, you know, what shades of reading already having. so i would, or if you do read this sort of,

you, it's about 4 or less than 4 on that. you know, grams per sewage. it per ton of to you embedded. and we don't have this yet, you need to have for green hydrogen power plan for that. but every spring which is below 1500 kilograms of c o. 2 per ton starts getting green. i'm so this is the trajectory, but we need, you know, to come close to around 400 kilograms. and briefly do companies even have the means to track those carbon emissions across their entire value chains? well, it is not that easier for us to start it and made announcements as they can. so you need to calculate a prod, our carbon footprint, ideally real time, nothing average over a year. and only if you have this as a prerequisite. then of course, you can achieve to premium, we talked earlier. all right, nicole fucked as a managing director and partner in boston consulting group, specializing in metals. thank you very much. thanks for me. let's take

a look now at some of the other global business stores making headlines. chinese producer prices dropped in june at the fastest pace in 7 years. the index reflect surprises, the factories charged. wholesalers fell by 5.4 percent from last year. the weak domestic demand tries consumers are wary of spending on big ticket items such as cars is your opinion and new zealand signed a free trade deal on sunday. following 4 years of negotiations, bilateral trade in goods was worth over 9000000000 euros in 2022. and both parties expect it will increase by 30 percent within a decade due to the use already new z ones, 3rd largest trading partner exporting a particular wine, fruit and meat to europe. west african heads of state have elected nigeria is new president. bowler. ok. med teen. to new booth to lead the economic community of west african states for echo was to do both set and security and terrorism were the

biggest threats. the regions development was, was founded in 1975. the aims to promote economic cooperation among its 15 member states. egypt inflation has sorts of an all time high of 36.8 percent of the country grapples with an economic crisis. egypt and pound has lost, lost half its value against us dollars since early last year. and that's left families struggling to cope in the import dependent country. it's latest moved by the taliban through the press ask in women as of next month. all beauty salons in the country have to be shuddered. and the shops were off, the last refuge for women who are already banned from schools, most jobs, and even public spaces. and for some women, the new band takes away their very livelihoods, a business, a strong that dispute the following, cowboy for now, like thousands in the city. the salon is one of the last remaining places where women can gather, chat and gossip,

and even bring some color to the daily lives outside these walls. there's not much to do for them. the ultra religious tele bundle. she has banned women from nearly all parts of life and drops, leaving many with few options to provide for the families. i've been working here for a year now. and the tyler bond has issued an order say they want to close the beauty salons before i say to them, please don't do this. we work here to earn some more for money. schools are ready by on for women. now the silence will be 2 dozen women have the right to live in society and beauty potters, mushrooms across a couple and other ask in cities in the 20 years that us led forces occupied the country to a couple of chamber of commerce. estimates that more than 50000 ask and women work into sector, the spokesman for the totally bonds, ministry for the promotion of virtue and prevention of vice gave no reason for the

order to close all stores. but the policy fits the groups general ideology. likely a factor in the beauty pablo band. the fact that many women even own businesses, a loft as of that, i'm sorry. i haven't invested $7000.00 here. all the savings i had. yes. no, i'm worried and i don't know what to do because i'm sure there is no one here to buy the equipment. when the beauty parlors shots, i don't want them to go to school, but some testing to how to do this or i haven't done anything contrary to islamic teaching and i'll accept any rules from natal about but i don't want to coast myself a long shot. the united nations assistance mission enough guy has done, has appealed to authorities to revoke the salon order was limited hope of success. and that's our show. you can find out more about these and other stories online at g, w dot com slash business. for also on youtube under the dw news channel. i'm assuming

there's a blend. thanks for watching the do you like it? do you want it? ok then i'll go up, put the pedal to the metal and let's ride the next on dw, perfectly served, this robot will be caring for the elderly but it has a lot to learn before it gets to that point. so this machine operates with

a use of applied physics to an unusual role model. 60 minutes on d w. right? he's got issues with a lot say what? the few small electric calls when you're off china is comic is now sending the boys tons of fuss electric o as to whether it also be a success get fiance's right now on the road.