the maybe my voice will be heard back to bring to our seeking justice for the victims of set aside this week on d. w. the you're watching data we can use live from the nation, secure a deal that you in climate talk soon as advice on body, it's come on the harsh criticism. nearly $200.00 nations of prove a $300000000000.00 climate package for, for nations to could be a fix of climate change. we'll find out more environments. also coming up lebanese officials say several people. i did officer an attack and broke down the residential building in central favors and donald trump picks 1000000000 this got best and to serve as treasury, treasury secretary will ask how he'll implement that makes us presidents, economic agenda,

the welcome to the program. i am jared read nearly $200.00 nations, have approved a $300000000000.00 review climate deal. let the comp 29 talks and as advice on. now this is aimed at helping pull road developing nations deal with the effects of climate change with wealthy company, a country's leading the payments. now the steel comes off to 2 weeks of fraud negotiations that dragged will be until all the time. the money will help developing countries, wayne themselves of coal, oil and gas, as well as adapt to extreme way that caused by climate change. experts estimate climate vulnerable countries need more than a trillion dollars a year to mitigate the impacts of global warming. but developing nations have criticize the $300000000000.00 climate fund announcing deal as worsley insufficient

. here are some reactions that the of the dealer delegates got it in by could. this has been an unfortunate incident, and it is in continuation of several such unfortunate incidence that we have seen all in not following inclusivity, not respecting the positions of countries. we had informed the presidency, we had informed the secretariat that we wanted to make a statement prior to any decision on the adoption. however, and this is for everyone to see this has been stage managed and v a extremely, extremely disappointed. with this, if we walk back home, we 300, we see that the developed countries i took him to lead. this is an insult. to watch

the conventional seats. should i remind us of what the compression sees but not at that developed countries had the largest shit of historical corns, global emissions? these might be 1994, but still very current still. now. it also said that you developed countries, we take the lead on this need, these kind of a finding us that'd be developing countries. you send that to stick and delivery, $300000000000.00 to $20.00 to to funds is a jewel. in my view book 29 will be remembered as a start of a new era for climate finance and the european union. and the european union is member states will continue to play a leading role. we have worked hard with all of you to ensure that they were

significantly more money on that they were traveling to 100000000 to 100000000 goals and we for you, it is ambitious, it is needed. it is realistic. this and our climate report a tim schellenberg using back, are you covering those climate talks? i spoke with him right off to the deal was raged. he told us more about what had just been a great a so slow. what just happened is that we're seeing a lot of facilitation in this plenary this day. really reads like a thriller if it wasn't about the future of this plan. it's about the climate crisis, this essential climate crisis. there was suspensions of negotiations today that were we were close to a know your party's walked out, parties walked in, then we weren't back again. and now the deal is there. maybe you hear the people parties in the plenary behind me, chairing there is a deal on the table,

which was just agreed to a $300000000000.00 which should be used from the developed countries to the developing countries used for climate protection. it is much, much less than they have aust. uh they have been asking for one trillion dollars. that's what they need to protect the climate in the future to manage the green transition. it is much less than to be very clear. it's also not enough. it's just enough to a to buttons installations and increasing costs for that. it's not, not a deal that everybody, it will make everybody happy. but it is the minimal confidence here. it shows monte naturalism is working, even though uh it is very difficult to come to an agreement here, but we have a deal which is definitely better than a no deal. let's talk about what this $300000000.00 adult as a you mean?

what will this money concretely mean for developing countries as they impact baffled the impacts of climate change? yeah, the, these 300000000000 dollars mostly mean that the they will be used to facilitate the lean transition to mitigate and to, to, to reduce the country's carbon footprint. which means for example, when the energy. so the wind is the smaller part is also can also be used for a patient matches. it can be used to subsidize the green transition to give a push to companies. and those countries facilitate measures that the, those countries of developing countries could not afford by themselves in this dw climate report in teams on bugs speaking to us from buckaroo azerbaijan. shortly after nearly $200.00 nations approved a $300000000000.00

a year climate deal at these comp $29.00 talks to bit to benefit developing nations, tim selling bugs. thank you. and now the news now and is riley strike on and i, so rebuilding and central bank versus killed at least 20 people then into thousands of authors. it was the 4th attack on the middle of the lebanese capital. this week, lebanese officials added that at least 13 people were killed in all that use riley strikes on the east and south. the country is ralph says it will continue to act decisively against his blond militants. the attacks came as renewed negotiations. so initial signs of progressing, ending over a year of conflict to help we use by root bureau chief mohammed trying. so i told us more about a possible cx 5 between east route and has the law. it looks like there has been some sort of exaggeration in spreading positivity about an upcoming ceasefire. soon now, we've heard from

a source of politically sources close to the peak of the house, very at the hub, positive feedback from a us. and boy almost helps the and as he concluded his visit to the lobby about the ceasefire as old. but this is not what we've been hearing from. that is what he official statement like, you know, talking about huge jobs. so on result is the 3 conditions that live on in ones and is, and the conditions that, that is right one to for a ceasefire. so it doesn't look like a smart is going to happen as soon at least this is what we're hearing from is right now, officials, but also you know, the of the situation on the ground, the heavy and escalating cross border showing the tells us that the war is still ongoing and there is no de escalation at the moment. so we're only inspect, expecting the war to continue and to escalate as while is trying to gain more

problems and is uh, you know, escalating it compartment campaign on the bottom. and that was the double use bayers bureau chief mohammed treasure. speaking to us earlier where us president elect donald trump, has nominated god best. and as the next treasury sacred tree to implement these campaign promises including tax costs and your import tariffs. trump said best and full address fee and balances in foreign trade and focused on economic growth. basement is a hedge fund manager who advocates difficult deficit reduction. in recent times, he's cold for tax reform and the regulation to encourage crisis. would it be present? earlier i spoke with daniel, look how the chief economist, it trustees, the private bank in madrid, given that donald trump promised, and american 1st economic policy, we tyrese's central potholes to us. i asked him if going best and will execute this

vision or uh yes, i think so. i think that the mr. best son has been very vocal in the past. uh, particularly for years about the importance of using towers as a way of balancing out of uh, uh, significant differences in trade between most of the economies in the united states . he has been very vocal about how, particularly with china, there are tremendous trade barriers imposed by the chinese government. and obviously the trade surplus, the china and jose with the united states is incredibly large. and obviously the united states doesn't have those regulatory and legal barriers. and so what they are going to likely impose are said the terrace,

on the top of the ones that existed was the by the administration. now i'd just like to, to put some of the arguments against tyrus to you and get your opinion that they will ultimately hum us consume is. it's argued that most of the economic burden of tariffs will be borne by them as those imposing goods would cost the cost on a to consume is some economists of also on that more tires from the us will risk a spike in domestic inflation? what's your take wells and terrorists are not inflationary and has never been, there is no evidence in history that tire of some generated inflation. inflation is that the is the destruction of the purchase and power of the currency. and obviously that is not an inflationary generating element. in fact, a tire is, may be borne by the domestic consumer. when the

product is 100 percent produced abroad and the demand is in elastic, but 2016 to 2021. and obviously the 2001 to 2024 period that we have seen in which the united states has always counter balance trade barriers from other countries with terrorist b. it was a bush, or was the obama trump, or bite in ministration? would we have seen is that the impact on inflation on those particular goods is not particularly high. it may happen in some goods in individual goods, but not create an inflationary spike. it hasn't happened in the past. it does not mean more units of currency issued in the economy is actually a higher level of demand for you at dollars. so that's me, i'm sorry to interrupt you. we just, we just want to get through

a lot of questions in the time we have a we're talking about impacts here. what impacts could tire of have on the world economy as a whole? could we expect another trade war? so yes, i think that's the, obviously i am not a defender of terrorist terrace generally are negative for world trade. they are always a very dangerous weapon to counterbalance of a people's protection as measures. because what they tend to do is to bring more protection is better. so what we're seeing exactly is what you just mentioned is that the trading was it was initiated in 2008 is, is accelerated. it has accelerated in 2020 to 23. and it will likely accelerate as well. so in general, we could trade grows and weaker economic growth globally. so if i understand you correctly, you, you are arguing that tire of smart excel or rice,

a protectionist policies around the world. yeah, absolutely. yeah. usually when, what has tends to happen is that even though the many of these terrace are, are implemented because they're trying to offset something that is perceived as unfair. within the united states. what ends up happening is that the other economy also perceives it and decides to put further attacks. so now i always say that protectionism leads to further protectionism in other economies. and that's exactly what we have been seeing since 2001 on a very, very large scale election. and that was daniel. the college chief economist at trace is a private bank imagery. thank you very much for your time, daniel. appreciate it. thank you. this is a reminder of our top story, nearly $200.00 nations of approved a $300000000000.00 a year climate to let the comp $29.00 told it comes off to 2 weeks of pro

negotiations that drag 12 into like the time for and d w dot com. i'm jarrett great, thanks for watching the thursday. now. understand can have a site like the right to present do you have any news on the no follow up why don't having does get drunk. that causes gravitational waves, just squeeze all bodies. how much was it do we.