tv Business - News Deutsche Welle September 16, 2023 3:15am-3:31am CEST
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some pneumonia, the muscle for me and i but stay tune because rub blocks will be kind to be economic costs of morocco's us quite. that's in dw business coming up often should break object part. i'm from all of us here on the news team invalid. thank you. so much by the way you say they're about never giving up every weekend on d. w. it's a race against time zeta soon to is very soon so soon as she could
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time is she must wait months in a says and to to, to 300 things to moment that will change her mind. find my home in the go to this weekend on w, the, the economics cost of a human disaster. after a devastating us quite killed, thousands and morocco will look at the impact on livelihoods and ask how the region can recover. and does this giant and method all power shift? mock a significant step towards green, a shipping state of the business on robots in the land. welcome to the program. is a very quick in morocco headboard. immense human suffering to the population with
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thousands dad and even more injured. and it's also set to, to it's a tough economic toll. the region west affected by the quake has been seen infrastructure destroyed, and livelihoods have been put on the line that blows from their own trees. for many people in the small village of an nogales and then the rocket and province of al hose, the fruit is an important source of income. but the severe earthquake has caused devastating destruction in this area. houses in the village have collapsed and it's unlikely that there will be any income from apple harvesting this year. the agriculture was seriously affect it and we will call to earn a little money by planting apple trees to prepare for the start of the school year . but now all the episodes failed because of the us quake rebuilding homes and livelihoods is likely to be an over whelming task. for most people in rural morocco,
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the 6, the most affected by the quake is regression. almost all pipes were destroyed. additionally, our harvest of apples and walnuts failed due to the quake we have never experienced such a devastating quake before my mother. and i got fortunately, rescued teams are able to reach more and more remote areas and the initial aid deliveries of food, intense. and i sort of a discuss the economic impact of that devastating as quaking morocco with mike scully, and he's a political scientist. so the is huge of development studies in london. thanks a lot for being with us. i mean, the human cost is totally of immeasurable but, but what sort of economic damage has the quite dunn's barriers affected? i think you have said you right it's, it's very difficult to, i think right now, further than the, the enormous even costs. and obviously i think our thoughts are with the people who else we have lost family members in this risk event. but i think over the coming
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weeks and months we're going to think i'm here a lot more about the, the longer time economic consequences for the region. the area that's been most affected traditionally quite logically reliant on, on past agriculture and tourism. the are these, these mountainous regions around mar cache, which obviously itself is, is a terrific hotspots. and both of these industries, i'd like them to be affected. i quite substantially, for quite some time. they're also dependent on the infrastructure and roads into the mountains, oldest them. the condition of one of those in, in the coming weeks and months is, is unfair. but i think the most damage and impact uh, economic he is going to be on the people in communities in these areas. if we think about livelihoods in these areas, a lot of people tend to own their own houses. it's. it's a really central assets for people. um that income is often not, not nice, but you know, people have have a place to live in that they don't pay renting. and to stop buy a lot of these houses, a lot of these assets, a lot of this infrastructure has been destroyed, is going to be really,
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really brutal hit on on livelihoods, especially amongst those who have lower incomes in these communities. and it will take a long time for people to recover how well positioned is the rock hard to rebuild, particularly the infrastructure that you've talked about. i think it, there certainly efforts are being made. and morocco has taken some international aid as well. but i think it's, it's a substantial undertaking that will take a lot of time and it's also for reach them not. and historically has, has often seen itself as being marginalized, has often seen itself as, as not having seen enough invested in it. and so that on top of these dynamics, you now have this, this further deterioration really means that there's a lot of work to be done. and that is, i think those work for morocco, but also hopefully for, for international assistance. and the world bank thinks that the essay could not some 8 percent of morocco's dd page. that is, becomes like $10700000000.00 as a huge amount of money. how is more, okay,
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or is more okay to be able to cope with that kind of hit to a cdp. i'm always extremely cautious with gp estimations. like that, that comes so quickly after a tragedy like this. i think it's extremely difficult to, to put numbers on these kind of things, though the walk back is going to be able to, to at least partially verify some of us themselves because they have their annual meeting. and in our caching, just a couple of weeks. it, i think the impact of us will be heterogeneous distribution. and i think that is, is a key thing to keep in mind. that is, yes, it has a national impact. yes. or have an impact on the national g p. but the able to take to they have an impact on the people in the regions where, where it is um, you know, where, where the of these things have happened. i'm so i think it's down into the national picture that quickly is, is distorting the impact quite a bit. the fact is very focused and very concentrated. so yes, it might shape of a couple of points of gdp nationally, but it will be a lot more than that in,
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in these villages and towns that have been most effective. max calling from the state of development studies that as some of the other level business doors that are making the news british chip design a um, has made its debut on nasdaq and the biggest off here since 2021. just saw it as much as 20 percent on that 1st day of trading value in the company. more than $60000000000.00. and when does the nobel prize will get more awards money this year, totaling nearly $1000000.00. the neville neville foundation says it's increasing the amounts to reflect it's stronger financial position. it also compensates for decline, and the value of the swedish crown, a shipping needs to get green of the maritime industry accounts for around 3 percent of label, greenhouse gas emissions. that's why one of the biggest companies in the business has just taken a step towards having a more environmentally friendly fit. there she lives in copenhagen harbor.
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laura, the pride of the world largest shipping company maersk at a 170 meters long. laura is considered a smaller container ship, but it is unique. laura is a 1st container ship to run on bio methanol and no longer our climate damaging heavy fuel oil. something mirrors can take satisfaction and it means a lot to me to see that we are the, let's say the pioneers in the car from isaac, the industry. and that's, we were making this happen here. and now, and we have a ship with us. and this is only this far, so it's because i think the other for us is that it's just the source of many, many more ships that are going to come. so have you carbonized the, the industry curious onlookers stand around the pier. they want a glimpse of the 1st green container ships. the best thing this being at 1st mover is going to be an eye opener for a lot of other companies to follow merced. and hopefully we're going to have more green transportation to future as well. so seeing merits do this and being the 1st
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company to do isn't denmark is, is very exciting to, to make such a big impact in spam from the world mirrors because already order 24 more container ships with engines that can run on bio mass and all their competitors are also switching over the engines manufacturer is experiencing strong demand. i think you move in time of the moment. we have $180.00 engines in order, and there are around $200.00 engines in the project pipeline. but when i look at the trend forward, looking ahead, it's deeply upward who does the shy level, but there is a problem. file method all is currently not available and sufficient quantities may i ask is partnering with firms like european energy using wind and solar power. the company wants to produce enough bio mass and all for laura and denmark. the plant is under construction. so it looks like construction sides towards the end of the year. really seem to kind of take some pretty good. and then in the 1st half of
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next year, we put power to the plan and it will start to do some of the 1st drops of other projects are in the planning stage, but ships won't be held back for lack of bio methanol, if necessary. the engine can still run on heavy fuel oil. we can now speak to dr. tristan smith from the u. c. l. energy institute, thanks a lot for being with us is messing all the solutions of the shipping industries, environmental problems or not. or when it might be part of the solution, but it's not the one that we have identified is the luck to long term scalable solution. it's an alcohol which means it contains common hydrogen and oxygen because it is actually the real challenge. how do we make mess? no competitive because we will need renewables also compliment and a way to get up to just come from buyers sources and. and if we don't bring it from by sources, it's going to be very expensive. so we identify green of already have drawn from
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amount of something new, but electricity is the lowest cost solution for the shipping set to them. and how close to those technologies to being a viable alternative to the way that shipping is being fueled. it might so the right place we're seeing several little disappointing you build ships which are ammonia to fuel ships, are able to consume ammonia as well as conventional people who just like the mass chips that you feel ships. um, but just with mechanisms you'll tend to do so the, so the machinery is being ordered now. and the supply of ammonia is ramping up squared aware of about 3 x seduce, which is a several 1000000 tons of production, which has been committed to come on the line with a misstep case. so base the production of the fuse and the machinery and the ships is developing in a similar speed, but maybe a couple of years behind the the method. oh possibly you get
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a sense from mass because i do see the method know as a stop gap. so i say that as you have been all getting a little in on mess and all i think is the phrase that they use to describe it. but um, in the meantime, is that a big improvement on the, on the way that shipping has been done? should we be getting excited about mask ordering? 25 of these ships in my opinion? no. because essentially what they're doing is running the ship some biofuels. so it'd be anything that matches now is to move the sec to 2 hydrogen drive can switch it, produced using the renewable electricity, the ivers regulations in july, we're clear that the average ship needs to have a 90 percent or better greenhouse gas intensity reduction will be on the existing fleet on the 2008 bill ships, which is which is a baseline. and this special operating on a by to is not doing bolden say 65 percent improvement. so it isn't capable of being the long run solution with a few minutes consuming. now,
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a biofuels can be used in conventionally designed ships, but there's nothing preventing us using something called hbo, or which is $100.00 basic vegetable oils which are another type of buy fuel. but you can use those as a substitute for conventional items. um, but few miles that we use and ships which have conventional machinery. so it hasn't advanced us on the critical stimulation office, a 100 percent renewable supply chain of fuels. and it does show that we can operate best was the best. no, but there were companies stand up, for example, that were doing that many years ago. so it has an advanced ship technology hasn't advanced a supply chain given that they've already passed was already moving on. but use i just dismissed from you cl, energy institute. that's all for me in the business team. and by the end of all, i have to think the way dot com slash business order. the data we can use. youtube channel will see whatever that, i guess the
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to the points. strong opinions, clear position, international perspective. ukraine says it's counter offensive is making games with autism. approaching the clock is ticking. and meanwhile, russia is also facing grave shortages. could north korean holster rushes military, find out on to the points to the point. next, on d, w. $300000.00 children disappearing without a traits. a dark chapter for the catholic church. child abduction in spain. policy initiated by dictator franco, and carried out fine guns and doctors until the 1996. the victims face a wall of silence. even today the
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5 minutes on d w. these places in europe smashing the rank one step into a bold adventure. the treasure map for martin flo describe it as some of us wriggled bragging sites on youtube and also the new created and says it's counter offensive is gaining momentum and won't slow down even when bad weather hits. but a top us general says the window for success is closing with autumn, just weeks away. risk james haven't come easy. dress defenses are deep ukraine's forces have had to pick their way through mine fields and type stitches and take a considerable casualties underway. western experts say they've shown courage and adaptability but we'll need more.
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