ads, it's all about saying it's loud as things would have been no say like good everyone to ok. retiring into the microphone. sorry. check out the award winning outcome. don't hold back the whether it's baskets themselves to don for goals and india, sometimes sports are more than just the game. the saudi arabia has points to reach carbon neutrality by 2016. so why is it still investing in oil and windmill supplies of the fossil fuel run out? the

in 1956, a g o scientists, rachelle and professor at stanford projected that global oil production with peak around the year 2000. and this came as a huge shock at a time when well was driving more and more of the economy. some people thought it would mean a global financial crisis and others a full on apocalypse. since then, predictions about peak oil have popped up again and again. supply problems were supposed to start in 2011 with effects noticeable by 2015. there was talk of high prices for food and fuel, supposed to impact agriculture and electricity. but none of this ever happened. the supply problems that everyone freaked out about never came. so it did happen, and so to be worried about running out of oil 1st looking at this question now is completely different from the decades ago because there been huge changes in our lives, in the early 2, thousands, 2 weren't really thinking about life, about fossil fuel, electric vehicles for nearly unheard of, to an end of our oil supplies seems like i just central crisis for the planning.

the growing awareness of climate change renewables of taken off, and the amount of the minimum mix is usually is not cheaper to generate electricity from solar and wind. then from the faucet. there's also way more attention on electric vehicles. 14 percent of new vehicle sold globally in 2022 or electric compared to just 5 percent in 2020. even the united states and china to huge polluters are making have c investments into green technology. and something pretty special happened in 2023. when we're looking at renewables, investment, which k is been growing rapidly and insurance trends to net dot from both afield in 2023 bar to my cos. i'm used to work for the key and our research as how markets align with kind of policy data set to wide. one, not much would move without fossil fuels and oil, in particular. the future of renewables is looking brighter and brighter. and i just need the engine oil take on a fully meeting to say it was 15 to 20 years back. there was

a concern that the supply is going to be run onto a total area as an engineer and standard and poors chief energy strategist. now the service advisor for which is that really hit their key car flags or demand. this is a really huge shipped and october 2023. the international energy agency published a report predicting the end of oil and other fossil fuels. only this time, the end of the peak in demand, not supply, and it's predicted to come in 2035 demand and low supply means a high price. low demand and high supply means a low priced oil executives around the world were up in arms over the report because less demand with the same amount of supply to mean following prizes for fossil fuels and less profit for the industry. this is a big deal since demand for oil, it's been growing every year except 2021 covet hit. this wouldn't mean that we wouldn't use fossil fuels anymore for that it would become much harder to justify new fossil fuel projects. because our supply of fossil fuel is,

is doing great. the oil, and i'm probably not with the base of the kind of disaster we ever was 40 years old . i am. and that doesn't even count on the new plan projects. this is mostly thanks to our newest technology called hydraulic fracturing your bracket. tracking is a process that involves injecting a slushy of water and chemicals into rock, creating tons of tiny cracks. this allows oil and gas to escape and be collected at the surface. the waste water has been often injected deep underground, which can contaminate the local environment and cause of earthquakes. tracking took off in the united states in the early 2, thousands and the country now produces more oil per year than any other nation in the world. so much, but it's affecting other countries, savvy, or area order out you or he or corvettes, and i'm actually right now because of summer's, or supply market stands reducing not less than what they can produce. so on the one hand, we might have an oversupply of oil and on the other plateauing demand. also, investors turning away from fossil fuels like oil companies,

are used to expanding and major oil producers like show exxon and total energies are also bedding on rising demand. data suggested that companies i think that the p were increasing the production stakeholder is the lead researcher on a report that investigator 12 companies, communication claims, hotel entities, stated it was full cost to 25 percent of its carfax to 2022 and renewables. in an extra city, but when you look at what that includes, it also includes some kind of gas finance talent. they may seem like they're shifting towards renewables, put, they're actually still banking on a fossil fuel future. the business operations on changing particularly or the pace made it so says it'll be against policies that would also not change or bringing about quicker, but at the same time promoting this very public narrative that they are doing. they can stay don't oil. companies like russian ross, enough and savvy around color, also bedding on future money from fossil fuels. even though projects approved now

may never be profitable. new sites take years to build up infrastructure and to get ready for truly in financial times they might become stranded assets. something that was invested in that became obsolete for some countries to, to 40 percent of into our fiscal budget could be at risk as the foundation of falls for an old price is full that can have an impact on the economies. these countries increase their living, sounded so those in these countries, and that impact could also hit individual citizens directly. many pension funds around the world are invested in oil and gas. these companies fail spectacularly. millions of people could be plunged into financial insecurity in their old age. so phase with the end of oil, it seems like investing in renewables at the smart financial decisions. they're cheaper and there's less risk of new projects becoming stranded and unprofitable in the future. so all of that is the order for more as much there's not going to be overnight because according to all predictions, we're going to continue to meet fossil fuels for a while. they're used as

a backup power when wind and solar are running and widespread. nuclear isn't likely to come on line and time transport and energy storage also need to improve for us to be able to quit them entirely. but the more investment goes in the more renewables and prove, and we desperately need that to keep existing on this planet. but we are on the way, it's no longer a question of this. but when, instead of being concerned about an end to our oil supply, we should be worried about pumping too much of it. with falling demand in a world shifting to renewables. it's not a smart decision either financially or for our life on this planet. the, the world's largest oil explored on saudi arabia. the kingdom is looking to massively expand its green energy production to help diverse applies economy and reduce dependency on oil. it could be a huge step in the world's quest to help climate change. button is saudi arabia,

really quitting oil this a co city items to be completely carbon neutral needs. and that famous the line wants to have 9000000 people in a 170 kilometers long strip of skyscrapers towering 500 meters above sea level. and that's just one small part of a much bigger plan. cold neil. no roads, no cost 0 emissions and run completely on renewable energy. this is the glitzy face of saudi arabia's vision 2030 and ambitious road map to move the world's largest oil pal away from fossil fuels. the world news me um because the world news strange. it all sounds great on paper, but this skepticism about where the saudi arabia can actually pull it all, you know, the size of been making a lot of wildly over ambitious goals. the country's wealth is built on its massive

oil reserves, which are distributed by a national oil company. a remco ramco is now 98 percent. sadie owned and valued at about 2 trillion dollars. it posted a wrinkled profit of $161000000000.00 in 2022. and this war chest is now driving the kingdoms of vision 2030. it's a plan that sounds as ambitious as it is paradoxical. a country built on oil wants to move away from oil. the one the. so i literally all i just the abuse or the little so here the softly, if you have a she is a teen. to suck to rule the crown prince mohammed been so mine is the face of vision 2030 the saudis wants to get 50 percent of the energy from renewable sources by the end of the decade. currently, the pallet by 99 percent fossil fuels the this is jim

crane who specializes in energy g. i, politics, international organizations we, i am as the world bank, et cetera, has been urging the saudis to diversify their economies for a long time. finally, those warnings have been taking hold. the initial target about $54.00 gigawatts of renewable energy capacity. sadie recently said the sitting at just 2.8 gigawatts. well, there's about $21.00 to $24.00 gigawatts on the development. this is carina again, the climate consultant based in london, whose focus is on the middle east. i'm not a bad thing man, but if you'd ultimately, whether a 50 percent target can be issued, i would say that looks very difficult. mohammad been so ma, never the less appears to be giving it a very decent crack to success. as sadie rule could be judged on this green energy hill and the saudis are indeed talking a big game kind of change. that's really the better place that we found. we have to

do some full amount and you have to do it. but here's the thing, irrespective of this green vision, saudi arabia isn't exactly putting a cost to quit fossil fuels. it's quite the opposite. it's still plans to pump out as much oil as is humanly possible and fillets cough as to the brand. in fact, the saudi arabia also wants to increase natural gas production by 50 percent, and it's actively searching for new markets to explore its fossil fuels. the salaries have, has been, you know, not just diversifying, but they're also doubling down on, on oil as well. i mean, they've been buying a lot of refining capacity in developing countries. that targets live mainly in asia and africa, and investigation involving britons. channels full recently found that the saudis was aiming to us additionally brazen oil demand in developing nations for cheap

cause supersonic commercial aviation and floating power plants at the club, $28.00 world climate conference. saudi arabia claimed that carbon emissions from fossil fuels and not a problem if they can be recycled, all stores are the problem. the enemy is emissions and small bills. and if we manage the carbon in a way by recycling it using of the alternately capturing and storing it, then it will be no problem with that with, with, with having some emissions. there's just one tiny problem. the tech to do that isn't anywhere near advanced enough skeptic site. it's merely a destruction by fossil fuel producing nations and will finally investment away from the renewable energy karim, l. g. and the estimates that the tech, if it works at all, would be available at scale and to potentially 2040. i think 2040 is too far. we don't have enough time accepted that i can to, i was at real estate approach that we shouldn't be weighted to one technology and

in an hour drive towards the composition. but to depend on the technology that isn't available until 2040 at scale is a great risk. so while saudi arabia matches on into its brave new green energy, well, that's still looking to convince developing countries to take the oil and persuade the world's leaders that managing common is the solution to the climate crisis. so the plan is on track around code predicts boil demand will actually increase to $105000000.00 barrels per day in 2025. a role that talk about flooding, climate change in building a better welding. splashy promo videos, disarray the unlimited hasn't changed. it's spawns, putting oil just isn't a consideration. instead, they'll just sell it elsewhere while cleaning up their own energy system to make the world's carbon reduction targets. it's a win win for saudi arabia. and if the kingdom pulls it off, it could be in

a more powerful and lucrative position than ever the full the so when saw so don, one independence from so done in 2011, the mood was due for it. but soon the civil war broke out political chaos and poverty still dominate length and the small nation. many young people face a future without prospects, but not all of this time to get ready for the paxis sports use then whose power bank he has a long journey ahead at 5 o'clock in the morning hockey, my yolo sets off for training. he doesn't have money for the bus, but his big dream is to become

a basketball player. and so he runs for 2 hours in flip flops from the suburb where he lives to one of sounds to dance, few sports grounds in the capital, juba. you come to mind your dad, don't mind your dad, the body will accept. did you at that, daniel? mine, i'm not that but the body and not to complain. so it just to off, to keep on like working with them and tell it to and there's a high level of ability among the players here. and how key my, you'll, the faces of lot of competition youngsters taller than 2 meters are no exception in south through that. and there was great commitment to even 4 year olds practice for hours in the blazing heat stamina paired with a lot of talent. it's not easy for 13 year old hakim viola, to stand out from the crowd. dang, b. r. dang,

runs the training. he used to play himself in the us. it was only in 2011 after self to dan game independence that he returned. the sports center is dedicated to keeping young people from for backgrounds, off the streets. and this is a good environment for them, you know, to interact, to develop physically and mentally. also stay away from trouble. juba, the capital city has high levels of poverty and crime. the parents of most of these kids are less than $2.00 a day. so training is free. how many children spend the whole day as a sports grand donations in part from abroad? meaning that the center can also provide lunch

after 3 hours of training hakim and as friends are very hungry, then it's time to relax on the games console. featuring the fever teams from the american n. b a. the world's top basketball team for many years basketball, maybe the only way out of south sudan. i dream is to play and, and get a play to navigate. now those guys on my heels cause like they, when they went out last the present it have played with the south through then national team competed in the 2023 feet of world cup. and there's also qualified for the 2024 olympics to 1st for the country. the team is revered in a way it's president, can only dream of the

south. suzanne has just one basketball stadium. and with the local tournament going on, the only national player still playing in his home country drops by coach bar is friendly and approachable. the chance depends ahead of the upcoming olympic games. he knows just how important basketball is to people here. it brings together men and women from the new and think ethnic groups who are normally hostile to each other. the we are having a lot of disagreement among us. uh, 40 to cutting. we for among over 72000, such as, i'm to put divided. so we were trying to, to, to move on something that can united to people. i'm as soon with the money we, we money to get this one in any sports. we have a lot of negative things that been,

you know, happening to us been said. but now is opportunity we have, we've been given this opportunity to, you know, to say the narrative to give the people different story. i mean, thing, it's a big responsibility. plus a coach bar is determined to be an investment for self sudan, representing his country well in the outside world. after a long day of training hakim, i owe those days to watch the games, and to learn some tactics. self sudan has a lot of young challenge, like in the average age. here is 16. the next day is sunday. a day off. hakim spends a few hours at home. the lakes with 28 relatives, siblings, cousins, uncles, aunts, and his mother. it's not a family of athlete kings passion has long been

a topic of conflict between him and his father. remember it uh came came to me and told me that 5 by one to be put on a flare basketball player. and i was upset in mind of was absent minded to him because according to, according to the glove just country, it cannot afford him to play foot. muskets by new sneakers is out of the question as they're much too expensive. jack, my older would like his son to continue his education. so if they get something like that, his punch i ships, i will be healthy. which is why hakim and it's friends, hit the training course in the afternoon. they all dream of a sports scholarship in the us. it will be difficult for hockey. my older to stand out against the competition. but he already gets so much from basketball,

including a sense of pride, strength, and tenacity. the it's hot and dry. but these kids don't care they are passionate about playing soccer off the village is betia poor, lies in central india far away from the big cities and it's developed into something of a football mca. whoever got off thank you and soccer is the 1st thing i think about when i wake up my friends that were ready waiting for me so that we can play fast. we practice policies and then we divide into teams and play a much and this in a country rec, cricket is the main sport, but they render

a big number. 25 is one of bishop who is young. so good talents. his idols, a big international names. nice little missy your lot. in bob a. the value of the young players hope that soccer will offer them away out of poverty. this boat is already what one small miracle here around 20 years ago, bishop who was notorious for the alcohol brute, find the cool families. and in the middle of a tune with the children who were involved, both with the brewing and with the drinking database back, then even the government promotes the dates for the the extra licenses for members of the local tribes. with the i started training the children and told them they wouldn't get any better if they continued drinking. we motivates what and encourage

them, and for that 1st, just a few kids again, training, but more of them all have joins there now. 14 coaches who also train players in the surrounding villages. the region has become known as many brazil. 45 talented players here have made it into the national lead. moved them from any of the region in india. that's helped get sponsors on board. in the beginning, coach res. com put hockey salary toward supporting the children. yes ma'am, that's what will fit those summit. now there are real houses here to do in the past . that was thumbs when we did that, but everyone was very poor. they were hardly any soccer big, so t shirts for children borrowed them from each other. who says, we'll still get what you're going to get that we had few results say that, but we always sold a ton of them because it doesn't tell us like that to render vega and his friends. they dream of becoming captain of the national team and train twice a day before and of the school. the weekend, 16 year old,

very end read does his homework in between the training sessions. his parents are happy that conditions have improved so much. they used to be in lots of alcohol, produce to you now that is normal. what can we send the children to school? i want them to learn and develop children here on their loan. get involved in alcohol production. that is that i bought off the, in the past. grandpa types used to drink alcohol to then no longer around. and that kid sits stuff, he's playing soccer that's distracted them from drinking. now everyone goes out and place okay. including the goals there is crazy about sucka as the boys. i'm brimming with self confidence, like 16 year old stuff now. and as the last may i get on the wind not less than the

boys. it all depends on training. if we train more, we better if we train less where we cutting the daughters to be to me was that you have to decide whether you want to be heads behind. jenna jad, the applebee's to and i to and that's at the but there is one big difference between the male and female soccer players in rural india. and it's hard to overcome. let them know that they tell you on if we get really good. and then all parents, maria, so it will destroy a dream for dr. debt. that's all i want to train hard to make a career out of stuff instead of getting married in a day, but my mother says, getting married is important. so i think i say my support is important, but if she insisted i will have to do it is then look at an event. here in many brazil, people have managed to build a life free of alcohol. but breaking away from traditional gender roles may prove

a tough a challenge. the, the,

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dw news live from berlin, a barrage of russian missiles, readings down on ukraine in the deadliest attack. they are in month one, hitting a children's cancer hospital in the capitol cave, ukrainian president zalinski valley retaliation. he is called for a meeting of the un security council. also coming up to night, hungary as prime minister victor or bon has traveled to china saying he's on a piece mission about the war in ukraine is he's speaking for europe, brussels that says or bond speaks only for himself, the

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