now and, and i dare say we'll have more coming. and these next few days. all right, i'm afraid we have to leave it there. that was me, dural just matthew to put you. thanks for your analysis. you look bad. you're up to date up next on business. china faces a backlash. over a new mega port is built, improve on air until berlin. thanks for watching the people in trucks in judge west trying to feed the city center. the straight screen, the around the world more than 130000000 people us we

of mine because no one should have to make up your own mind dw, may feel mine's the china is costco shipping company has just opened a mega port on the coast of per room with its face serious off position from locals to stay is causing environmental harm. and organizations that say it has nothing to support the global climate transition. at a time when many sports are trying to do everything they can to meet climate, cold, and be more environmentally friendly. but kenneth, dana volkswagen with coming up in our latest episode of transforming business. this 3500000000 dollar mega port just open in peru. it's the chunk chi terminal and

it's part of china is built in wrote initiative the countries and vicious global infrastructure development strategy parts for quality corporation between china under the belt road. and there's a china state own costco shipping company, owns a majority 60 percent stake in the port, peruse, publicly held volk and companion. i mean eta on so read a partnership we'll get to a bit later. costco shipping is also part owner in numerous terminals across europe, asia, the middle east and the america costco says it intends for chunk high to be a major transport time that will connect to china to peru and the rest of latin america. costco says that a direct route from trendkite to shanghai significantly reduced in shipping time. nearly 2 kilometer long tunnel connects the ports, the pan american highway. goods from china can arrive and be distributed more

quickly. it has the potential to dramatically change, peruse economic reality, but not everyone is happy about it. that i can bring to bump it out then you okay, more if you go to the elbow state, use us with no money. no boss data is to what is the now police department associated like the pick? you know, with the 7 men alejandro tv, most leads environmental non profit co op. i'd see on a boy. so i see your, let me see, i'm going to find them ready to come up with the side of infrastructure projects towards have the biggest impact risk which surrounding environment more than roads, oil refineries, airport power plants and real ways. so without sports, global trade and the modern economic prosperity that comes hand in hand with it wouldn't exist in a press statement. costco shipping a couch of chunk high as it's 1st of green and smart for investment in south america. toys to

a fleet of fully electric container trucks responsible for moving cargo around the port and promises to establish load life rescue centers. costco says the trunk hi aspires to become a hub for in latin america. distinguished by its operational efficiency and dedication to green low carbon growth, but can afford exist in a way that isn't detrimental to the environment or local communities. that's a question that many in the sector are trying to answer. the global maritime industry is responsible for up to 3 percent of global carbon emissions. this may not seem like a lot, but in a global system where growth is central and an economy is key measure of success. it's a number that is expected to increase rapidly to 10 percent of global carbon emissions by 25th. see ports have made a big ships recently, not only to reduce their carbon footprint, but to be a key driver of sustainability within the shipping sector. even if

a ship isn't ready to move away from fossil fuels, there are many other elements of port operations that are like the cranes that move containers from ship to ports and various utility vehicles. the biggest port in europe and the biggest port outside asia is a port of halter down in the netherlands because of its size. it's also the port that emits the most c o 2 in the u block, according to research agency transport and environment. but here on this 40 kilometer long strong, you'll see more away. several green initiatives are underway, the industrial area. these types, for example, will bring carbon emissions captured from the port into a storage area, complete a gas field under the north sea. through this carbon capture system, the port of halter dam says it will be able to store 37000000 tons of c o 2 that would have otherwise been released into the atmosphere. we think that there's only one way to develop and that's,

that's sustainable. because until then from the port of water down, because that's also the, the only way to get to an economic sustainable future is an environmental sustainable future portrait on this position as europe's main hub puts in a position to influence how other e u countries operate. of one sort of whole energy that is used in germany bosses for growth of them. and nowadays that's, that's mainly for sal imaging. and what we then said to us, well, if you want to change these into renewable energy, we can offer supply chains for green hydrogen, which then can be transported into germany, maritime industry experts are betting on hydrogen as the fuel of the future. but right now, most of it is made through a process that relies on fossil fuels. this site will soon be planned for green hydrogen, which is made from clean energy. another way that ports are trying to hit climate transition goals is providing vessels with onshore power onshore power o. p s,

as it snowed in the industry, is kind of like a joint plug for ship, providing power to the vessel the same way the charging station does to an electric car. the port of stock home in sweden recently inaugurated it's ups for cruise ships. the systems on board, the ship slip need to be maintained and instead of using the excel excel away engines and the fossil fuels, they use green electricity from the port shop. last us sort of leads environmental strategy for the port of stock home, where o p s became available to cruise vessels this year. the idea is that o p a systems will eventually allow all ships to use green energy while they're birthing. i talk because auxilary engines that are kept running well for release toxic, pollute, like sulfur and nitrogen dioxide. new legislation requiring that member states meet certain climate goals by 2030 or 2050, or

a big part of why ports across the continent or making changes. they have to but these kinds of changes come with the challenges. they require quite a big investments, both in the ports and also when it comes to, to the ships they need to retrofit, to be able to connect to the o. p s. this year we received some e u funding for, for installation of the o. p. s, for, for the container ships in the portal of stuck in northeast. so that's the great news. it's certainly a start. but according to the european c ports organization, the you will need to invest at least 80000000000 euros in reading for infrastructure in the next 10 years. fact in peru, the shortage of funding to make rate changes in the absence of climate transition policies are making it difficult for parents to make sweeping changes to how they operate and then putting nothing else. yeah. more. yes. happening. why school?

so, oh, but what do you think i can say usually i get in the process of the other ones. i feel that's sony rodriguez crossed the director of safety environment sustainability at the em are already company d. p world. it operates the kind of out terminal about an hour south of costs goes chunk high ports. she says that despite the lack of regional regulation, the board is on the mission to reduce the carbon emissions by at least 90 percent by 2030 s. and this is a shout when you decide you want to go, i was going to sort of pay for the song for the orders. if i'm just gonna send you out, guess send to you as opposed to interest. i feel you can get into me and you are you last the i'm also going to press up. and so i don't feel in shanghai. the 4th is more than just breaks. and the relationship between the 2 countries, it gives china direct access to peruse valuable minerals, which includes copper, silver in think experts say,

this is one example of how china is tearing transport and access to natural resources in a way that ensures its own strategic growth. and control of the global minimal supply chain. china is already heavily invested into the production of these panels as well as the refinery. and further us to sing at home in china into further products. land home is an international security and china expert. so what we're seeing now is that china is linking these 2 things, improved through becoming a transporter through the opening of chunky port. but those living next to chunk high state their efforts to make sure the port met environmental standards faced serious opposition. dropping somebody needs to see what that got for the stuff and stuff, but for math and my probation, the need to call me in for a cl. nancy, so me some last is still happening for the new children you'll be feeding. my name's lacey star, medium lives next door to chunk chi. literally,

the walls of her home are adjacent to the chunk chi porch pain meds at old style. know me to know is a center level with us for next me in this inductive. so i'm assuming that since i made those things, i may have to use those associates to some of the neil. so for the in the you have to see on this order, i probably would have done this faster. that's the same vs. so this is not, not c as in e s, as in minus close at the basis for the both of them. we've reached out to costco for a statement, but didn't hear back by the time this report went to air and one, the construction phase. for this project more broadly, critics often claim that china is not doing enough to make sure that it's overseas infrastructure projects are in lines of global climate. but not everyone agrees. others have pointed out that by 2021 more than 50 percent of china is grant and

loan finance infrastructure project portfolio, and low and middle income countries had strong environmental and social safeguards in place. i do see we will see both upticks and these positive factors such as employment trade automation, for example, at the board, which ultimately will make this more for creating board. every industry is look doing it ways it can make its future more sustainable. the ports themselves are on the literal frontier of extreme weather events induced by climate change. so as a gates to global trade, the catalyst economic growth and development, it seems critical that ports are developed not only to withstand climate change, but not defeated as well. what are your thoughts? let us know in the comments the half way announced a story is almost best practice movie. they close. it goes down,

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