tv Business - News Deutsche Welle September 26, 2023 11:15pm-11:31pm CEST
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on to wait for this or 3 little day or all right, this is dw news. kate ferguson is up next to the w business news. i will see you tomorrow. the lease got some hot tips for your package from madison calling to check on some great cultural memorials to boot w travel regarding the what is it really is possible to reverse page researchers and scientists all over the world for you know,
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race against time. they are peers and rivals with one daring goals to help smart nature. the more likes watching it. on youtube, dw documentary, a busy or of on truck to develop its own hydrogen economy. efforts are underway to develop an industry for a fuel, but could one day enable us to fly without the guilt of destroying the promise. with there he mentioned also coming up, the size of the stars up finders had to musics octoberfest and the whole of the ring is best. this is the only business i paid for it and thanks for joining me. the world needs to be carbonized and it needs to do so fast in order to avoid commentary. disaster in the search for clean or alternative fuels,
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many are pending their hopes on hydrogen. although it's production still overwhelmingly relies on burning fossil fuels. proponents point to the fact that the only by products of consuming is, are cease and for sure. now wonder the notoriously dirty aviation industry wants to get on board. this is a groundbreaking flight. the test pilots off with the wealth only aircraft that is powered solely by hydrogen. ok? the modified glider belongs this to get based company h to fly liquid hydrogen is the energy source. and that is opening up new possibilities about fields in it's supposed to be quite what we see is that the storage technology engaged has form essentially has a limit allowing us to build a, a craft with a range of about 1000 kilometers. but then this is a stuck with a liquid hydrogen. we have an opportunity to cover a long distances. and to continue with the ation this,
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we know it's quite that can go and divide. that's an industry giants like air bus. also looking for ways to use liquid hydrogen from green flying in the future. but that's not expected to happen before 2035. before that h to fly system, we need to be smaller, more compact, unpractical for every day use in 2 years. age to fly aims to provide a carbon neutral solution for a passenger aircraft. a d o 328. the maker of the $33.00 passenger plane sees it as a path to green flying. the current concept is we will have a fuel cells inside the cabin and then i'll hydrogen tank will be in the rear. so essentially we have the electric motors, all ford is this is what we call the power plants, power investment. it has the top of the aircraft. this is take all this equipment up to altitude and relevant conditions and tests that competitors in the u. k. may
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be moving faster at the beginning of this year. a smaller d o $228.00, completed a task like there will be it with one hydrogen engine and a traditional combustion engine. however, in just 2 years, the 1st regional aircraft are expected to be converted to hydrogen engines on a mass scale that's earlier than in germany. but some experts consider the timelines unrealistic, especially for startups. as it relates to look at the technological development, we should definitely target the timeframe around 2040. and i think that will be smaller aircraft sizes with 50 to 75, maybe a t pest than just 50 for that off because i see a lot smaller single engine aircraft with fuel cells. i know, i mean to be available sooner, but they're not suitable for charter flights. the wide spread transition to hydrogen involves much more than just the aircraft via mis. we need to change the entire vacation ecosystem. the fuel supply the energy supply for the new
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hydrogen across the concept design flip side, the concept. and even though it is a long and costly journey age to fly has demonstrated what's possible. the rain has doubled from 700 kilometers with gauge, has hydrogen to 1500 kilometers with liquid hydrogen. while the technology is only available to test pilots, it's highly likely that by 2040 it will be used to flight travelers to holiday destination. on a fi on it's not just the private sector, that's the best thing on the potential of hydrogen here in europe. lawmakers are keen to harness as power to scotland in particular, sees a huge potential and exporting the fuel, especially given the availability of wind power, which would enable it to produce the fuel. clearly, earlier i costs off with scholars cabinet secretary for energy, new gray, who's hoping to drum up support for his country's hydrogen on patients here in germany,
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and also to distance himself from pressures pint of insert richie. so next we sent decision to weaken the you case, climate goals that we have, some of the wind disc, conditions and europe. and we have an impression to realize a substantial amount of offshore wind, in particular, looking to get $28.00 gigawatts from the scope when releasing round, which the 1st at least in round of offshore wind and thought is going to see a substantial but over production of renewable energy, we've also got a doubling of our own sure wind capacity coming and coming years, which again we'll see an over production of our, of our energy needs in scotland. so, we want to export some of the energy, but also to a ton, a substantial amount of 5 gigawatts by a 20 start to, to green hydrogen. and that obviously will help and the carbon eyes and some of our usage in scotland and the rest of the u. k. but also we hope it to help the composition journey to our friends here on the continent of europe are also one
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thing to go through. so we know that germany is going to be a critical at target market for us with thought. we've already seen substantial conversations at west stakeholders here that we think it may wish to take some of that green hydrogen and critical to the is about how we transport it. and so i'm keen to talk at while i'm here this week about whether we can see pipeline going from the continent going from t as in germany to scotland. total only 7770750 kilometers at a very short distance. and we hope we'll be able to see the production of green hydrogen helping to de carbonized continental, you know, getting deals like this off the ground requires a huge amount of investment. where is the money suppose to come from public investment is obviously going to be part of it, but we understand that private capital is going to be required. do we know that there is a substantial amount of private capital at worldwide that is looking for a home, particularly at on a net 0 journey? so we're wanting to make sure that we have as clear
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a regulatory situation in scotland and the rest of the u. k as possible, making sure that people understand that there is clear and consistent guidance on where we're going, which is why rushes to next intervention last week was so disappointed because for investors it was a backtrack. it was uncertainty. we want to give as much septic as possible, which is why i'm absolutely committed to our net pseudo objectives for 2045. we remain committed to the, the steps that will need to be taken on the energy production becoming renewables. also the colonizing to way. we love our lives and making sure that we've got sacked into for investors going forward. you know, great, thank you very much. thank you. now to some of the other global business stories, making news. air from a alarm is planning to order another 50 air bus, a 350 aircraft with a for us deliveries do in 2026. the move which the company attributes to the goal of making it seems more sustainable has field speculation the airline is expanding
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. it's long range, flight capacity, the expectation that the fun on flying over russian air space will present for many years. shares of investment, chinese property company ever gone to have did a further 8 percent following an initial drop on monday. the decline comes after the company missed a bond repayment. ever gone, says it will revisit. it's much anticipation, restructuring plan pricing, weaker than expected sales versus authorities. have a ques, yamaha, select the former monitor of disgrace, german payment company. wire card of spying for russia. must select who has been on the run since 2020 is also accused of swindling billions of dollars from investors . intelligence agencies have long cost him as a person of interest due to his type to rush danish toymaker.
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lego has a bond on this plan to make bricks from recycled baffles. after determining the move would not lead to a reduction in emissions due to the need for new equipment. that goes as they will find a way of making its blocks from sustainable materials by 2032. now what is the word networking conjure for you? for some, it's a cringe inducing, but necessary evil in order to thrive in the business world. for others, it's an exhilarating opportunity to forwards new partnerships in his office. so writing well on events currently taking place on october 1st and munich might convince even the most reluctant network, hard to get out and make in the summer $5000.00 stars of finders and investors have gathered in the southern german city for the best on pretzel founders festival, an opportunity to talk business in unconventional and lively surrounding my colleagues. stephen bears late is there. okay,
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that's right. we're here at october 1st in munich for the last day of the bids and pretzels start up conference. everything's taking place right now inside this big festival to it without having the traditional october best experience. i'm in a way this has been a kind of giant match making between startups, those with a business idea and at certain levels of fundraising and investors. and they would like to convince uh to continue to support their businesses. now this comes at a very difficult time actually for much of this branch because of rising interest rates and how money flows have really slowed down in the past months. we had a chance to talk to the 2 co founders a bit and pretzels about that. so let's take a listen to what they had to say. many founders are struggling. many investors have a hard time to raise the events type of funds. on the flip side, it's a tremendous but through, through right now to invest to both companies, the growth companies to make it more profitable and also made smart investments. and then history is founded in its own and its own turns great investments,
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a good company. i made and i believe that does not happen here, and that's why we do, but it's a white van. could i ask you what was the idea behind bits and pretzels. why does it so important to have this kind of event here? well, the most important thing is the founder is to have a really good network. you have to find the right co fontose, right, investors and potential customers. and that's. busy about so we bring to get to the leading mines in durham and european side of it goes this to, to exchange ideas, to beat new alliances. that's a, that's it. basically, i have to ask you both briefly, is there a german imprint on the startup world? we all think of silicon valley, we're here october. first, everyone is wearing traditional with what is the german characteristic of the german empress reading, european and print on the start up. see? for sure. i think, oh, and print is delivering, delivering what the problem is. we do receive great companies coming out of germany right now. my just name is like 2 loaners helsing like so many more. and these are
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huge companies and i person believe they will become global citizens out of their money. and that is what a cool. well, yes, and what we could do better probably is the story telling what the american super. so executors and felix are said plus the storytelling. and we uh read you um on the top. so as you can see there, kate, still a lot of optimism here. obviously, a festival atmosphere right now, despite what has been really a difficult time for many startups. steven variously, either based on pretzel festival in munich on without where at the end of the show for more, you can always log onto the dot com slash business for me. and the team is by us, take care. the
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ugliness is of virtue duty slavery. that's the motto in italy as feel because the village on the lake once a year, locals confidently through a big party to celebrate their rebellion against the cults of beauty. it's a thing of beauty in its own line. the d, w y is, let's say we're focusing on freedom of expression and how the content of the 5 things for their voices to be high places that vice in the skies plus the question is, where is the line between active as we mentioned, is inside the we see in the line, i maintain that there is a line del keyboard, this 77 percent. what he's asking is any 16 minutes on
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hold we say they're about never giving up every weekend on d. w. the dodgy a fast enough at the today is the festival of the ugly. we will discuss the day when ugly people take center stage along with everyone who feels less of and due to the way they look. i'm coming to see, you know, i got it coming up, we want them to feel important. we recognize that value and boost their self esteem . that is crucial.
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