technologies that basic make you do so use less energy for instance l.e.d. lighting by using that you effectively cost your consumption of energy by ninety percent one zero percent it's huge now these light bulbs will cost you a bit more in the beginning but over time you end up saving so much energy and what saved you don't have to produce so actually look at the whole green energy market efficiency and smart house solutions l.e.d. lighting such things actually account for about fifty percent of the whole market so i think that's a fantastic area to to focus on secondly we do like hydro a lot hydro power energy why because it's baseload it's big it's gigawatts and it's green unfortunately you can only do it where you have rivers so you do need to be lucky enough to have a big river running somewhere but hydro power is fantastic and finally nuclear power we consider that to be green yes there is a disposal problem to

a degree on the on the waste but net net it is still a green technology that today has become so much more safe over the years and it is a technology that delivers big gigawatts so if you can construct these power plans of the reasonable cost which seems to be a bit of a challenge sometimes around the world then i think that would also be part of the energy mix those three things hydro nuclear and efficiency those are the ones will move the needle big time in terms of green energy production globally now you have said before we're having few infrastructure problems that hinder green energy development what do you mean it's existing alec tricity create infrastructure not adaptable to green energy sources. it is true the infrastructure problem is a big issue to be honest because it takes something like wind the wind usually doesn't blow exactly where it is consumed the consumption is in the big cities the wind would simply be out of by the coast or in areas where there's

a lot lot of wind so you've got to transmit the energy from where it's produced to where it's consumed and someone's got to pay for that typically it's been the state or it's been the infrastructure providers but somebody has got to do it and it has to be economically attractive to do it unless the state is doing it but if you look at the build out of what is required if you were to switch say for instance you go to ten percent or twenty five percent wind energy production in a country like the u.s. you have to build a massive amount of infrastructure in terms of transmissions and that is vastly expensive so this is a big challenge so why do you think that's a problem because i'm thinking a hundred years ago there was no infrastructure for extra city and you have to build and it was built can't that happen the same way now you can make it happen and that certainly requires political will to to make it happen because somebody is going to foot the bill. as to green energy the young fortunate thing is typically

the production of the energy is much further away than if you use fossil fuel if you fossil fuel you can build a castle gas powered powered fire power station or indeed an oil oil energy producing station close to the big cities just outside as a where so therefore the need for interest russia is much less whereas if you have green energy initiatives like solar wind or indeed hydro power it's simply is far away from where the energy is consumes you're going to have to build it out but that is the price of of green energy i'm afraid that purple going to take a short break right now when we're back we'll continue discussing that the. while some crane tacks stay with us.

join me every thursday on the alex salmond's show and i'll be speaking to guest of the world of politics small business i'm show business i'll see you then. some people. use indigenous people as you know we that the speed in oil the trees. mostly we should say that only. all of a sudden the man just. simple. i

said i will enter it even if they will not allow me. even if they will shoot we've . got all. the million million indeed on the market not even armine been taught you how beautiful body you lean on and you got a. good life i mean because. the. where back with the non c.s. philanthropists and space tourists to be or when they're discussing future of green technology welcome back to the show per now there have been grain bubbles before whites in the ninety's and then during the financial crisis and during obama's time

as well there's nothing scary about a green bubble a since that seems to always bounce back. there's something scary about bubbles in general in financial markets and of read another book about that called wall street without the ups and downs of financial markets and the sad reality is when you build up big bubbles like that and they bust somebody is going to pay for it and typically it ends up being main street as opposed to wall street who pays for it so there is a political aspect to this the good news is you can actually prevent some of these bubble the bad news is that we as human being tend to want to create them out of maybe out of right motivation but wrong implementation that's the challenge we face here but it has been green bubbles in the past they have not been as big as this one we're building right now because now there is a shooter amount of political will maybe outside the u.s. partly with the current administration to really make this thing happen just look

what's happened to the electric comma in the mode what's going on that the moment people really generally want to change and that creates huge opportunity and huge challenges big subsidies is required and therefore we've got to be very careful about this mountain of subsidies we build up so that it doesn't suddenly burst and crash so climate change and all things green have become a cultural staple i mean think about it taking the subway not taking a plastic bag in a grocery store keeping your tires inflated those used to be mundane usual things and now there and by mental statements i think grain is becoming a fashionable thing to do it's a fashionable lifestyle well that drive the demand for green energy happens while. i think that's true certainly it's become more fashionable i think also i would even push a bit further saying the consumer has become more conscious about. the consumer

behavior so we all think a little bit more about saving a bit more water. maybe taking public transport if that's the easiest and best way to get there i think is more conscious consciousness about and therefore there is a drive amongst a lot of populations to do good to have a clean environment we've all suffered a bit from coughing we've been in a very polluted city and it's not very pleasant i mean go to certain big cities in china or even indeed hin london where we've recently put on the ten pound extra charge for old cars that pollutes mole so there's definitely this political drive and that's in turn is a reflection of increased consumer awareness which ultimately is a good thing because whatever the politicians do whatever we do through legislation ultimately it's down to human and consumer behavior so that is a very good thing that we're becoming more conscious about you know ylem ask really stepped the laws of economics will drive civilisation towards sustainable energy

inevitably do you believe him doesn't that make long term green investment why. there's nothing better if you can put up in the economic sense if with out without subsidies for entrepreneurs to get involved if an entrepreneur sees an opportunity where there is a decent return to be had and that return can be gained over time without subsidies a bet you that entrepreneurs around the world will roll up the sleeves and get on with it and that's exactly will be have seen in the space of solar energy in those places where solar doesn't need subsidies if it does make a decent return in its own right they'll get on with it and that's what we need to get to bring down the cost find the technologies that actually has a true chance of working in its own right on a commercially sustainable way within five to eight eighty a timeframe that's what we need to get to because then life will start to take. its

production will start to take a life in of its own you will see projects being produced and sopranos want to expand the businesses make more money which is a good thing if it drives the green energy revolution forward in addition to the consumer behavior that also puts extra demands for products to be more green for transportation to be more green etc that is that becomes a competitive edge and a good branding her you know it's not only the cream tack that is building forward fossil fuels are refusing to get second in past as well fracking technologies has let the industry tap into so much natural gas in america they say it will last a century it's cheap less polluting than coal or oil how can renewables actually compete with that. it is a challenge if you look at the cost per megawatt for renewable energy as a group to compete today with fossil fuel as a group the reality is that coal in particular the price of coal per make

a watt the dollars per make it what is actually very cheap so you're going to have to in the short term impose certain duties old or certain extra taxes polluting tax and that's those things to level the playing field because always you're absolutely right it is challenging to compete today however the good news is going forward within the reasonable time frame some of these technologies will be able to compete on their own right and that's the really good news but we're still going to need fossil fuel we want to the not for a long period to come fossil fuel still accounts for the vast vast majority of our energy production today so we still going to have to invest in that because it is part of life well you like it or not and that includes shale technology you've been able to go deeper into the oceans to to take more oil and gas off etc we are going to need it because you're not going to want to let you call stand there idle if your car drives on on petrol that's just reality you want to go from a to b.

and the electric bill a lot more of evolution to show for itself so once we ran out of oil and gas here will go look for resources in the sky that's what musk things and any rate what do you think is that far faster aiming that we're actually going to go to space for some asteroid goal or someday that. i would beg to differ on that point first of all we're not going to run out of oil and gas anytime soon there is plenty available on the plenty yes it's true we always say there is so on so many years thirty years left this that the but the reality is it comes down to how much you want to pay for it for the extraction there is plenty available but it will cost you more to extract from the earth because now if you look at big elephant deposits big deposits that typically further out in the sea the deeper the more costly to develop the required big of billions of investments but we are there they are so we

can get it if you want to is just a much a matter of how much you want to pay for it when it comes to resources from space mining asteroids so all the planets and that sort of things i think that's a fall off it streams of dream for now it's just not economically viable yes there are some some good resources the moon for instance has a lot of he human three which is a very scarce resource on the earth but it's just not economically viable to send a spaceship up there to some drilling and then come back down again the cost of space transportation today even with space x. in the low cost providers is simply prohibitive to make that activity economically viable you're more likely to find the answer in going deep deep in the oceans to do under the sea mining underwater mining and that sort of things that's more likely to happen well anyways you're going to space maybe not to high nasser and gold but you're going you've signed up for three trips to space with different private

companies and completely your space training as well i mean this will be the first public space tourism flight are you scared at all i mean when you're doing it with our eating with the russians at least you have the state grantees of safety do you feel just as safe i don't know with virgin for instance. yes it's true with enormous space i have been preparing for some time to go to space and in fact after on some of my space training in russia trained style city together with you know wonderful. been to bike annoying kazakhstan for a serious launches and flown make fighter jet so had a wonderful time in russia executing my space training as well as of done in america and to be honest i'm so excited i can't wait to go yes those risks but there's always risk when you when you do exciting things i'm an adventure i'm a pioneer i'm not afraid of pushing the boundaries and in two thousand and eight to

set a world record by doing the first tandem skydive all mount everest so often things that in my view much worse or have high risk profile in the past can't wait to go to space we'll follow me. if you take me maybe but i am last question for you dennis tito this first space tourist paid twenty million dollars for a straight fifteen years later you're paying a quarter of a million dollars for your ticket using makes space travel will be equivalent to i don't know train ferry another twenty years. no i don't think so i think it was actually on the launch pad in baikonur when when dennis took off to assess i was very very excited on his behalf and and he's a true pioneer in that regard so it's fantastic to see that actually now civilians can can go it is even more exciting that the cost curve is coming down so much and that's exactly what private enterprise brings to the equation here before oh if we

have nasa and the all the other national agencies around the world funding it they tend to be less economically efficient bring in private enterprise like space x. and you just lower the cost base by eighty percent or so that's that's really good news and that means that space will become more accessible more people get an opportunity to go into space and enjoyed. this fantastic experience that is being an astronaut i mean who don't want to do it as a kid lots of kids would want to go today and this is truly expiring that we can the low low kids to dream for real about the prospects of going into space and a lot of fantastic her thank you so much for this wonderful interview we wish you all the best with all your endeavors talking to. her when there are about whether green technologies can provide answers to our future energy needs and.

thank you. visit the white house postpones turns around. this much much. i've been saying the numbers mean something they matter the u.s.

is over to one trillion dollars in debt more than ten like colored prime stamping each day. eighty five percent of global wealth you long to be ultra rich eight point six percent market sock thirty percent just last year some with four hundred to five hundred trade per circuit first check in and get cornrows to twenty thousand dollars. china is building two point one billion dollars a i industrial plant but don't let the numbers overwhelm. the only number the need to remember is one to one business shows you can't afford to miss the one and only film but. the got lucky and it. must all. be on all.

the money. they got on michael. chair. and. put them in a one must believe the fans are not only behind but we are in the games. begin the my remaining a fired up non muslim and they are not in the money on the faith that the nominee. to go to the underground i am in the gonna put him down below. link sed thing. it's forbidden supposed jungle trees on pollo one island in the philippines in

theory the londis protected by an escrow but in recent years sixty thousand hectares of racial grain forest have been destroyed many say the tawana suffering a corporate all slots as the forests are replaced by local mines and plantations. that make their way from the. kids to say very. little going to them when we told you i'm young boy i would be removed but i don't know not really well i don't know . if i did not. learn new school. from full company born and are now on the. market then cannot afford. not coming from one on my off to coming out. about

a month and no. one when i'm in london my long money buying part of all. there have been several attempts to strip out a lot of its biosphere reserve status a local ecologists have farms to pretend that you can see from them and from the right it's been lost among will work for certain projects that they start and the mom said that by first only if there are still poor you know and it helps protect us from there couldn't but again there is mrs money for plundering overseas select for example of this is a good thing here because this is our only goes undercover knowing the mongols that's where sometimes.

one general of the west here the high ranking general for. beauty or discover. when you know. ahead of the money there is no illegal things and you know they're trying to. get their money. they will obey you order them sign in a place of birth and they never thought that that he learns only begin taken out so that yes he learns. sometimes his by force should normally be. but then there's some scientists. who. are you know who have managed to do. you. know no one in an.

air force i'm afraid i think will plan it but why not. buy the ground and get it out of there. and i don't know for you. but i mean here's my position. you know i'm going to lead. you back i am i don't know i mean don't back it going to go popular must have been there to do mining and indeed while. i figured it was i mean in. the knowledge that what i did. and that was the number one. guy what. are you. going to. i don't locking it began you lump it i right i don't mung i'm a million million indeed i'm just i'm not beyond indian army we have been you don't want a new job. you mean. you go to a large army and. hearing

groups point there are three mining companies and the most serious problem that you have right now is. corp before you can secure this they should be a municipal indorsement there should be public consultation there was none. but he told me from the in our. fifty million faces let's do some of the officials in the in our think we need to be an issue. as an alternative to poaching tribes people are recruited to work with tourists from. very bottom but.

on the. bottom end. the. honeybee. only. along. now only. i was going on only. but only in the. early on and what i'm doing. moneymakers when i go into. the. you know not the stuff you need to know lead know.

it's going to. say it again and. go into the. numbers you know no. enough and i want you to know. that it was. my gambling in the ground which i mean because. you know that any. time the reservoir you put on your gold balls up a little. while . i an operatic. you go. on the done.

bottom thing. you do need. money. down on going. on young a lot. going up on. the move back to the. shop and buy the rest to the markets if you want to on t.v. one up on you tube. and. you know. i'm

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