tv Global Us Deutsche Welle July 10, 2024 1:30am-2:01am CEST
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a court cases and new laws to solve the problem until those come into force business will continue and so well the dumping and yes, it is lucrative. the of the weather. it's baskets themselves to suit on goals and india. sometimes sports are more than just the game. the saudi arabia has points to reach carpet neutrality by 2016. so why is it still investing in oil and windmill supplies of the fossil fuel run out? the
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in 1956, a g o scientist for show and professor at stanford project is the global oil production with peak around the year, 2000. 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, but the 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 what 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 we weren't really thinking about like the fossil fuel electric vehicles for nearly unheard of, to an end of our oil supplies seems like i just central crisis for the plan and the
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growing awareness of climate change renewables are taken off. and the amount of them in the mix of guns 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 search globally in 2022 or electric compared to just 5 percent in 2020. even the united states and china to huge polluters are making has the investments into green technology. and something pretty special happened in 2023. when we're looking at renewables, investment, which case has been growing rapidly, and insurance to net dot from both the field in 2023 bar it see to make cos. i'm used to work for the key and our research as how markets align with kind of policy . and he said why, one that much would move without fossil fuels in oil, in particular, the future of renewables is looking brighter and brighter. and i just need the engine oil take on a whole new meaning to say about 15 to 20 years back. there was
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a concern that the supply is going to be run out of wire to area as an engineer and standard and poors chief energy strategist. now the service advisor for which is that really hit their key corner flats or demand. this is a really huge shift. in 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 peaking 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 their 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 co that 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 fuels is doing great.
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the oil, and i'm probably not 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 a new this technology called hydraulic fracturing or fracking back thing is a process and involves injecting a slushie of water and chemicals into rock speeding 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 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 that it's affecting other countries, savvy, or area order round you or he or corvettes actually right now, because of soldiers or supply the market, they are producing 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. the oil companies are used to expanding
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and major oil producers like show exxon and total energies are also bedding on rising demand. data suggested that to companies, i think that the p were increasing the production stakeholder is the lead researcher on a report that investigated well. companies communication claims, hotel energies stated. it was full cost to 25 percent of its carfax to 2022 in renewables in that tricity. 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. that was, it will be against policies that would pulls that change or bring it about quicker . but at the same time promoting this very public narrative that they are doing, they can stay down to oil. companies like russian ross, nest and saudi around color, also bedding and future money from fossil fuels. even though projects approved now
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may never be profitable. new sites take years to build up infrastructure and to get ready for drilling and financial times they might become stranded assets. something that was invested in that became obsolete for some countries 30 to 40 percent of into our fiscal budget could be which is the foundation of follows by an old price is full that can have a massive impact on the economies. these countries increase the living standards of those in these countries, and that impacts that 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 going to talk more 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
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a backup power when wind in 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 improve, and we desperately need that to keep existing on this planet. but we are on the way . it's no longer a question of if, 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 demands 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 whole climate change. boston is saudi arabia,
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really quitting oil this a co city items to be completely carbon neutral needs. and that famous the line wants to house 9000000 people in a 170 kilometer long strip of skyscrapers towering 500 meters above sea level. and that's just one small part of a much bigger plan called 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 roadmap to move the world's largest oil pal, away from fossil fuels to world news media. because the world news change. it all sounds great on paper, but this skepticism about where the saudi arabia can actually pull it all, you know, the saudis have been making a lot of wildly over ambitious goals. the country's wealth is built on its massive
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oil reserves, which are distributed by a national oil company. a remco ramco is now 98 percent savvy, 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. but why the a? so i the real i mr. definitely can help you sir. the little so here the softly. if you have a, she is a team to talk to a ruler crown prince mohammed been sell. mine is the face of vision. 2030 the saudis. once we 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
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is jim crane, who specializes in energy g, politics, international organizations, the, i am, after 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 karim l. g and 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 correct 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
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do something else and 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, and 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 britton's channels. full recently found that the saudis was aiming to artificially raised oil demand in developing african
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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 store argues are the problem. the me is emissions and small, also 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 sites. amelia destruction by fossil fuel producing nations and will finally investment away from annual energy kareem. and again, the estimates that the tech, if it works, it will be available at scale and to potentially 2040. i think 2040 is too far. we don't have enough time to accept the real estate approach that we shouldn't be
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weighted to one technology. and in an hour drive towards the colonization, 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, they're still looking to convince developing countries to take the oil and persuade the world's leaders. the managing common is the solution to the climate process. so far, the plan is on track around code, predicts boyle. demand will actually increase to $105000000.00 barrels per day in 2025. a role that talk about flooding, climate change, and building it that a welding, splashy primary videos, disarray, the unlimited hasn't changed that 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
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a more powerful and lucrative position than ever the full the so when saw so don won independence from so dawn and 2011. the mood was due for it, but soon the civil war broke out. political chaos and poverty still dominate life in the small nation. many young people face a future without prospects, but not all of the time to get ready for the paxis sports use. then his 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
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a basketball player. and so he runs for 2 hours in flip flops from the suburb where he lives to one of south students, few sports grounds in the capital, juba. you come to mind your dad, don't mind your dad, nobody will do that. but if you don't mind, i'm not that, but nobody will not complain. so it just you off to give on, like, walking on the mentality of the, there's a high level of ability among the players here. and how key my, your, the faces of lot of competition youngsters taller than 2 meters are no exception in south through that. and there is great commitment to even 4 year olds practice for hours in the blazing heat stamina pared 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,
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runs the training. he used to play himself in the us. it was only in 2011 after south to dine game independence that he returned. the sports center is dedicated to keeping young people from poorer backgrounds off the street. and this is a good environment for them, you know, to interact, to develop physically and mentally. also stay away from troubles. 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 at the sports ground? donations in part from abroad? mean that the center can also provide lunch
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after 3 hours of training hakim and his 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, the 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 play those guys on my heels cause like they, when they went out last, the present it played with the south through the national team, competed in the 2023 female 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
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basketball stadium and with a 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 didn't get ethnic groups who are normally hostile to each other. the having a lot of a disagreement among us uh, 4 digit code we for among over 72000 searching and to put divided. so we were trying to look on something that's going united people. nice thing with the money we, we money to get this one in any sports. we have
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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, the thing is a big responsibility. plus the coach bars determined to be named baset over south sudan representing his country well in the outside world. after a long day of training hakim, i owe less days to watch the games, and to learn some tactics. south 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. he makes with 28 relatives, siblings, cousins, uncles, aunts, and his mother. it's not a family of athlete. and hopkins passion has long been
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a topic of conflict between him and his father. remember kim came to me and told me that 5 by one to be put on a flare basketball player. and i was upset and mind was absent minded to him because according to, according to the love just country, it cannot afford him to play foot must be buying new sneakers is out of the question. as they're much too expensive. jack. my old i would like his son to continue is education. so if they get something like that, his punch i ships, i will be happy. which is why hakim and his 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,
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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, to well cut 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 play a much and based in a country rec, cricket is the main sport, but they render
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a big number. 25 is one of bishop who is young, so could talents. his idols, a big international names. nice little missy your lot in bob. a building of to the young k as hope that sucka will offer them away out of poverty . this vote 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 guest thought that to be used for back then. even the government promotes to did see what people would need 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
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what and encourage them. and for that 1st, just a few kids again, training, but more of them all have joined their 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 tubes supporting the children. yes, so then let's look at those summit now. there are real houses here and sort of in the past. that was something like that, but everyone was very poor. they were hardly any soccer big. so t shirts for children borrowed them from each other who is just thinking of what you're going to get there. we had few results here, 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,
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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 all in the past, grandpa types used to drink alcohol to then no longer around and that kid sits delsey playing, so 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. as well as me,
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i see on the wind not less than the boys. it all depends on training. if we train more, we better if we train less we, we cutting the daughters to be to me was that then you have to decide whether you want to be heads behind vantage at the place you on a to and that, that 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 i can if we get really good and then all parents, maria, so it will destroy your dream for dr. debt. that's what 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. like i say my sport is important, but if she insisted i will have to do it is then look on it. then. here in many brazil, people have managed to build a life free of alcohol. but breaking away from traditional agenda roles may prove
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the, it's linda is turning this stress into a business idea. the 19 year old hollow vernita is the founder of bullet points in asked design to make life easier for students. but how does it work? yeah, let me show you. made in germany. in 30 minutes on the double you read on the fishermen and their families in senegal are risk in their
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about those who built me up and then told me that i am not saddam depending. i have mocked my cities, days for centuries, and accompanied my country through its finest. until the day i nearly furnished the nice to not to dumb deposit. he starts july 18th. oh, d, w. a dream of revolution. in 1979, the hated dictated somoza was forced out of nicaragua. the people hoped for cyrus society and received international solidarity. i imagined we would change the world
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and for 1000 collins had to help with reconstruction. but the end a dream of revolution, july 20th on d w. the . this is the w news, and these are our top stories. us president joe biden delivered in address at the opening ceremonies of nato's 75th anniversary summit and washington alliance. leaders will be seeking to shore up support for ukraine against russia's invasion, but all eyes are on bite and i made questions about his mental fitness for office. as the us presidential ways heats up to you and security council has held an emergency meeting and response to a missile strike on ukraine's biggest children's hospital. russian diplomats have
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