what we need today in the world is to decarbonize. massive decarbonization.her than massive -- amy: how do you decarbonize? >> you need to phase out fossil fuels. the reason -- the reason the uae is buying this land so they can offset their emissions and continue to sustain these false notions that we can continue to increase our emissions but buy on the cheap african land so we can continue to sustain these false -- amy: your group is called power shift africa. how do you ship the power? are you alleging with these different countries -- it is not just liberia committed tanzania, kenya, zimbabwe -- that government officials are on the take? >> 60 years ago, african countries attained their independence. we were able to take colonizers out of our land. they have been introducing a new form of colonialism where they basically grabbed our land but without permission so they can continue to emit. africa is on the front line, suffering first and worst the effects of climate change. what the africa people require is for us to decarbonize the global economy. [indis

you're not going to be able to scale fast enough with our building decarbonization. any other questions? great. thank you. thank you, ryan. all right. toxics reduction. good evening, commissioner. i'm paul d.o.j. i'm the program manager for the toxics reduction and healthy communities team. nice to be here tonight. so the toxics reduction and healthy communities team seeks to safeguard human health and the environment by implementing local policies, increasing public awareness, and offering services to safely manage hazardous waste and reduce the manufacture, use and sale of toxic chemicals. next slide, please. and so as the others have done, i'm going to tell you just a little bit about our programs and the policies that we implement and then launch into priorities. so this is an example of most of the programs that we run. we have our healthy homes program. that's a public awareness and public education program that talks to residents about how to reduce their exposure to toxic chemicals at home. we have our hazardous waste and used oil programs and those are all d

our production the oil and gas decarbonization chart you announced were over 50 companies representing% of the global oil production are stepping up to achieve some remarkable results net zero by 2050 at eqt we'll be net zero by 2025 and having low to zero methane emissions a 2035 we need to give people confidence that we can decarbonize their production and address the biggest environmental concern on methane emissions, because then we need to talk to them about how they can take that production and decarbonize the world, by using our natural gas to replace foreign coal we're taking it one step further and showing the world how we're going to decarbonize the consumption of natural gas we're talking about how we're going to leverage carbon capture and produce low to zero carbon electricity solution for the world. >> i'm curious to get your thoughts on overall the level of u.s. liquids production and exports. is there a sense among industry observers that the administration finally listened to what industry officials were saying or what accounts for that kind of production strength? >>

it was announced that there is a global decarbonization alliance.panies have come together. it is not insignificant. a lot of criticism has been leveled that the uae but the fact is this is the first time ever that those companies have come to the table at a cop. what they've agreed to do is not enough in my judgment but i would rather have them doing it the not doing it. that is a pledge to do net zero 2050, i pledge to do scope one and two by 2030. a pledge to do all methane by 2030, which is really important for us, and a raise there capex on removals and -- a couple of things but bottom line is we need -- look. we have to be honest with each other, everybody and that requires the oil and gas company to equally be as equally honest with us. sonali: lo and behold, chevron is the stock of the hour and we will discuss this more with alix steel who spoke to the company. are they fighting back? alix: there take away our two issues and we take this one which is joining the methane pledge. it is oil and gas, decarbonization charter, whatever that is wor

how do i invest in decarbonization? >> you can't ignore decarbonization.u can't beat them join them from the standpoint of how to monetize this trend, the drive toward cleaner energy and 0 carbon emissions by energy security and extreme weather events and the wars we are witnessing demonstrates we can't be beholden to our enemies for our energy. the best way to invest is onshore, the modernization of energy production. i play it mostly through infrastructures. companies that supply picks and shovels to the retrofitting of the energy industry so it is oil service companies that are now going to be servicing other aspects of energy, heavy equipment. stuart: it is a i week at fox business. what is the best play in a i in your opinion? >> the whole ai boom is a huge catalyst for the semiconductor industry so instead of chasing the mag seven which are very elevated semiconductors are around 18 times earnings which is at a discounted 24 times earnings for the less global technology. mobile ai is expected to grow by $300 billion next year and the government contr

if you take this into account, what would be fair is for europe to decarbon news by 90% in the next 7 years. for the united states, almost 70%, which is not going to happen. right now, we're coming down maybe 4% a year. so the the call at this cop 28 is for rapid decarbonization, but it's being hosted by a pet ro state. ceo has been charged with using this to try to further their interest, expand fossil fuel production around the world, a conflict of swres, many say. but at the same time, he's resisting that, pushing back. they set up the first loss and damage fund on the first day. the uae is kicking in $30 billion total, much more than the united states, which so far has pledged $17.5 million. >> so if they keep going like they are going, you spell it out there. they need to make huge adjustments, but they are making tiny corrections. what does it look like when they hit a point of no return? >> this is the big worry. the difference between 1.5 and 2 degrees celsius is a few coral reeves left and having none. it means having no mountain glaciers. it means the collapse of the sheathe

if we look at decarbonization, three to five gigawatts as come in with 14 gigawatts. a good idea. from my perspective, brookfield seemed like the right company. haidi: is it realistic? >> they are looking at evaluations. it does not look like they will go to that level anytime soon, so i would say they are wanting to ensure origin does not the list. it's always a detriment when you are losing infrastructure. from the point of view, there is going to be some takeover. see where you are going through. haidi: it's going to be a hard bar. do you think there is an argument that this denies shareholders? it takes away from any form of investor capabilities. losing the company is not good for the exchange even if in the best interest. that was always going to play out. haidi: great to have you with us. you're watching daybreak australia. send us instant messages. this is bloomberg. haidi: some corporate headlines we are watching. the move challenges the biden administration's aggressive stance that has derailed a partnership. no injuries are reported. china has approved and

certainly it will reduce the cost of our decarbonization pathways. if we can't get there and we end up in trade complex -- conflicts, the u.s. will undoubtedly respond and will be much more costly. >> ira was great for europe. what is next? >> europe is coming around on the ira, particularly european businesses. there are a lot of businesses that are investing in the united states and they are excited about the subsidies. they are excited about the carbon neutrality's that i talk about but you have also seen european responses to the ira. they repowered the european green deal. they are doing some subsidies of their own. on a smaller scale and a shorter timeframe, they have less ability to do this. this is happening in europe. in some sense, they are responding to the ira. i would like to hope that this would continue to encourage the energy transition not just in europe but in other countries as well. we heard the question earlier about what does this mean for the developing world? not the countries we have been talking about. ideally, what will hap

i echo the message which i totally ascribe to which is decarbonize the energy system today while we buildhe energy system of tomorrow. it is not like unplugging a television set and plugging in a new one. it will take time and effort and investment and collaboration of all sectors. that's what i think this cop is about. >> before i let you go, one question is to gaze into your crystal ball and give me the set up with oil and gas pricing in 2024. where is the market going and why? >> i think when it comes to oil, we have seen remarkable stability in prices. i think we will continue to see $80 plus or minus. we have seen opec plus working together through the geopolitical challenges to maintain that. when it comes to natural gas, i'm concerned because it relies more on the private sector. there is insufficient investment. we have europe now scrambling to buy lng which is driving up the prices for places like asia which is why we are seeing more burning of coal and higher emissions. there needs to be more investment in natural gas which is the back up for renewables. >> fascinating conversat

that will be with us for a long time and i think it's way too early to get into the clean energy decarbonization but that on the back burner, no pun intended. liz: great to have you, thank you both very much, happiest of holidays. we love having you guys all year round, thank you so much. winter has not officially arrived but could we be seeing a thought in one area. were talking about the housing market, chairman and ceo of homemade and joining us live next on the hit to rate of the fed's rate on 2024 might be the antidote to jack frost in that sector. that is next. one housing metric far from frozen the daily homebuilders and supplies bowl etf, ticker symbol mayo is up 240% year to you date. "the claman countdown" is coming right back, the dow jones industrial 19, s&p of 25 and nasdaq up 113, the bond yields are also rising. the power goes out, and we still have wifi to do our homework. and that's a good thing? great in my book. who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hou

growth and includes our commitment for energy costs and access to hundreds of million pounds and decarbon niecessation and i can't comment on conversations with individual companies and see our track record that we have been our fantastic steel industry and will continue to do so. >> companies walked away from hazardous waste and now on fire for 10 days -- [indiscernible] >> i thank the honorable member for raising this important question. i know she has been working along side my friend member and i thank the emergency services in her constituency. lancaster city council and the environmental agency and emergency services are working together to ensure that the health risks and environmental consequences are minimized. but i will ensure that the relevant minister understands the urgency of the issue she races. >> some practices are taking advantages to take n.h.s. practices private earning more money but leaving behind most in need. dentists costs more than 300,000 pounds. does my right honorable friend if they ask and ask to commit for funding? >> and we are investing three billion poun

with the vast majority of cca driving green house gas emission reduction and promoting greater decarbonization of energy uses. this recognition is acknowledgment local programs like clean power powersf play a usual role leading the nation towards more sustainable future so happy about that news and it has a national audience. last topic here, i wanted to share some information about california community power recent workshop. it called getting it built right. just by way of background, california community power, which is also known as cc power is a joint power agency san francisco helped form to leverage the joint purchasing power of cca programs to procure power supplies and services for our rate payers that ewoo might not be 8 to procure as effectively on our own. clean powersf was a founding member of cc power. the sfpuc commission and board of supervisors approved membership in the spring of 2021 and today cc power has 9 member agencies that represent over 3 million customers across all most 150 municipalities spanning from humboldt county to santa barb ara county. held getting it built r

. >> india's decarbonization journey is getting started.here we are today, and our goals for 2024, we are playing a big role. yvonne: some of our guests from the summit in dubai. the world bank is raising the target for climate lending to 45% of its financing by 2025, up from the previous goal of 35%. david: speaking with bloomberg on the sidelines in dubai, the president says it will go towards helping countries adapt to these rising temperatures. >> it is important because the reality is that you had the hottest year on record. we are aiming for another hot year. this has to change. you have to fight the climate issue without money coming to work on it. when i travel around the world i picked up the impression that dealing with poverty cannot be by itself. you have to deal with climate. these are intertwined crises. that is why we changed our mission to include livable planet in addition. what i'm trying to do here, to show you the progress, is to make a commitment that we will get a 45% of our financing annually going to climate by 2025,

the building trades and sierra club ready to announce we are going to have the most aggressive decarbonization by 2040 in the nation and we have a spectrum brought across everyone, we were able to roll that out and get instant when -- instant wins. we had young people to got engaged, you get people elected and nothing happens. you have folks in the house that make sure nothing happens. it was not like i was a genius. i said all the real decisions are going to come -- that was a smart move -- all the real smart things are going to happen in the state and we are in a position where states can make massive movements. the interesting thing is i have built an island of sanity around me that minnesotans had a super sense to be ready for this because republicans in wisconsin were ready, and those of you not familiar, wisconsin was the progressive -- we battled back and forth with them as progressive upper midwestern state, and we saw what scott walker and some of those others did. they did it by gerrymandering and making it harder to vote. we did it by giving people things they asked for. cannabis --

, it is tied to this price, so it also varies, it can change every hour, we also talked about decarbonization, because it is also important to immediately think about what the energy sector of ukraine will look like after the war, and about the fact that it should still meet... european standards, and also mention the possibilities and capabilities of individual regions, so that they can be independent and stable even in wartime, so in general we know that the ukrainian energy system is going through not the easiest times for the second winter in a row, of course, but this is what allows it to remain stable and still... provides certain steps forward, for example , we know that very recently our energy system was synchronized with the system of the european union, so we believe that there are such steps forward. there will be a lot more, this is all the information that the state has at the moment, vasyl, thank you very much, kateryna galko, was in touch with us, well, actually she followed the discussion between government officials, international experts and ukrainian specialists who tried

for six years, but there is still a lot of important work ahead: commercial synchronization, decarbonization, full recovery and investment attraction. prime minister of hungary viktor orban believes that there is no reason to start negotiations with ukraine on joining the eu. according to the hungarian prime minister, ukraine has not fulfilled its obligations. for the beginning of the changes, so currently there are allegedly no reasons to make such a decision. today , he announced this before the start of the european council, which should take place over two days in brussels. the espresso tv channel, together with the public organization baza ua, are collecting funds for atvs to transport the wounded and other needs of the 93rd separate mechanized brigade of the armed forces of ukraine kholodny yar. in super heavy. conditions, the ukrainian military is winning every day, without leaving wounded comrades on the battlefield, with atvs evacuation will be faster and easier, and therefore the chances of saving the wounded will be greater. in general , our goal is uah 800,000, thanks to you we h

however, there is still a lot of important work ahead: commercial synchronization, decarbonization, full recovery and investment attraction. and an important one appeared before the word. news that international partners continue to join the work of the energy support fund of ukraine in recent weeks, grant contributions came from switzerland, belgium, germany and the usa development agency of the united states of america. contributions were also announced on perspective great britain promises 16 million. germany promises to provide 33 million euros to the fund. we hope we will overwinter. well , let's talk further with the guest, who. tetyana nyhaichuk, deputy director of the all-ukrainian association of the russian orthodox church, joins the column about money during the war. good evening. good evening, congratulations. ms. tetyana, the topic of our conversation is interesting - the cooperation of united territorial communities with state banks. now we have many initiatives from the government, which are passed through national financial institutions, these are soft loans, these are var

with energy costs and access to hundreds of millions of pounds to grant energy efficiency and decarbonization. i can't comment on individual companies, but she can see the track record, that we have been able to support. >> companies walked away for hazardous-waste and it is on fire, it seems this is bringing it on to take up the tab for 62,000 pounds. this is several months, will the prime minister support local counsel for support. >> can i think the honorable members for raising this question? she's been working on this. i can also thank the emergency services for constituency, for the environment agency, they are working together to ensure the health risk and environmental consequences are minimized, the absolute urgency. and me for them as soon possible. >> to take their nhs practices private. any more money, but those most in need. more than 300,000 pounds, for success public funding to qualify they should be asked to commit to nhs benefits for a number of years. >> my honorable friend makes an excellent point, and reformed last year for access and all treatment delivered to non-pay and

however, there is still much important ahead: commercial synchronization, decarbonization, full recovery and rejuvenation of investments. one person died as a result of an enemy attack on a peace-loving village in the kherson region, around midnight , the occupiers hit the village with an s-300 missile. under a woman found herself in the rubble of a private house. it was not possible to save her. in the village , private houses, a school, a church and a partially destroyed building of the local dispensary were also damaged, - said the head of the region oleksandr prokudin. the russians also shelled kherson and its suburbs throughout the night and morning. ransacked residential neighborhoods, damaged private and apartment buildings. rescuers had to put out fires in several places. 80-year-old local. doctors provided help, but she refused hospitalization. tanyasho called me at home i can't live, and we came right away. we immediately ran, helped to get the woman out, we heard a lot of honking, a seizure. there is no one from the cellar, it collapsed, and then everything is pouring down har

but decarbonizing these high-speed jets is slow going.ivero has been reporting on the issue for the washington post. nicolas, thank you so much for joining us. what exactly was fueling this flight? nicolas: in this case, it was a mixture of sustainable fuels that was made from waste fats and kind of plant sugars. and, all told, they made it about 70% less carbon than standard jet fuel would. ali: how does this type of fuel get made? nicolas: so sustainable aviation fuels are really broad category of fuels that can be made from a lot of different sources. the main thing is they're not made from petroleum, but they might be made fr crops like corn and soybean. they might be made from used cooking oil. they could be made from sewage or municipal waste. the key part of their definition is no matter what they are, they're not made for petroleum and they emit at least 50% less carbon than standard jet fuel. ali: and what is needed to get this fuel made in addition to, i would imagine, a lot of money? nicolas: one of the issues with this right n

and you can get lots more on the challenges of decarbonizing the world economy on this week's talkingheavily polluting industries are under scrutiny at the cop28 summit. the shipping industry contributes around 3% of global co2 emissions. but cruise ships produce more carbon dioxide every year than any other kind of ship, due to air conditioning, heated pools and other hotel facilities. since the end of the pandemic, cruise holidays have been enjoying a huge rebound. but some european capitals are taking a stance on pollution and banning the floating cities from their harbours. the cruiseline industry says it will hit net zero targets by 2050. let's find out how likely that is and discussed the subject. marie—caroline laurent is director general of the europe cruise lines international association. hello and thank you forjoining us. will they hit the net zero targets? us. will they hit the net zero taraets? ~ ., ., ~ ., ., targets? we are working on and uuite targets? we are working on and quite confident _ targets? we are working on and quite confident we _ targets? we are working on

for six years, but there is still a lot of important work ahead: commercial synchronization, decarbonization, full recovery and investment attraction. the espresso tv channel together with the public organization baza ua is collecting funds for atvs to transport the wounded and other needs of the 93rd separate mechanized brigade of the armed forces of ukraine kholodny yar. in extremely difficult conditions, the ukrainian military makes a choice every day. victory without leaving wounded comrades on the battlefield. with atvs, evacuation will be faster and easier, and therefore the chances of saving the injured will be much greater. our goal is 800 thousands uah. with your help, we have already collected over uah 350,000. let's make sure that this collection is closed by the end of the week, because we can do it. you can now see all the details on your screens. that's all the news for this hour. more interesting and up-to-date information can be found on our website espresso.tv, as well as on our social networks. join, put your preferences. next , my colleagues lesya vakolyuk and andriy saich

. >> india's decarbonization journey is getting started.of our guest from the cup 28 summit in dubai. the talks have begun with a flurry of announcements and agreements. let's does because progress with our guest. what has stood out for you in the first few days of the summit? >> i think it has been clear that all the work the host country has done has paid off. what might seem like a trivial example is that they quickly agreed on the summit agenda. that might sound trivial but to put it into context, earlier when there was a pre-cop meeting, they spent a lot of time trying to agree to the agenda. in the case of a cup 28 the summit agenda was quickly agreed on and most notably was the fund which had been a contentious issue in egypt last year at cup 27. -- at cop 27. and we have seen a flurry of announcements, not by all signatories but by select groups. we saw a large number of countries signed on to the renewable target. we saw a smaller group signed on to tripling nuclear capacity by 2050. and we have 40% of oil and gas production capaci

but 76% of independents say we're on the right track to decarbonize the economy. >> that's encouraging. according to an energy researching consulting company, america is projected to produce the most crude oil in 2024 . 58% of americans say the government isn't doing enough to address that. >> this is an interesting one. if we look at the oil chart here, we don't talk about this a lot, but the biggest petro state in the world right now is the united states, producing way more as a percentage-wise of the global stock than russia or even saudi arabia right now. and that is costing joe biden sop points from his left, from climate youth activists, who want to see the end of drilling. so he only gets 43% approval rating for environmental policy. but there is that partisan divide over exactly what to do about it and the energy going forward. >> we've leave it there for you. i'm taking away this is hopeful. >> it is. people don't talk about this enough. just starting the conversation, maybe we should see if our community is resilient enough. knowledge is power. >> thanks so much. >>> for many

really changed the market dynamics and the original market forces from an accelerated way toward decarbonization and a lot of investments around the world. we talked about the europeans before. i think the biggest effect we have seen so far is really the dynamism in the marketplace. >> do you have an idea of how soon we will know it is working? >> i think we will see some things earlier rather than later. we'll probably get a better sense in the power sector. a lot of it depends on the permitting and on whether the tax credits are being taken up and there is a lot of uncertainty baked into the models but we can only see as it plays out. >> yeah. that's an excellent point. the emissions reductions are not guaranteed. it depends on whether people as you say take up the tax credits. solar panels and the like. david brought up in the last time with john podesta, the low recognition rate of the ira. what do you see as the biggest problem? just a matter of time, do you think that is true? is this a failure of the administration? of media? what's happening? >> first of all, thank you. with a level of h

change the market dynamic and is pushing the market on an accelerated weight towards decarbonization. and has attracted a lot of investments around the world. we talked a bit about the europeans before there's a lot of companies deciding to invest in the u.s. rather then accurate than accuratebecause of the ira. the biggest effects we have seen so far is the dynamism in the marketplace and investors about private and public money into this project. ask how soon will we know if it is working? >> i think we will seat some things earlier. we'll have to wait a few years to see how many tax credits are making up on cars for instance through probably get a better sense on the power sector. a bit more visible. whether tax credits are being taken up which is baked into the models we only see as it plays out. the emission reductions are not guaranteed whether we use david brought up with jon the very low recognition rate of the ira. what do you see it's a matter of time? do you think that is true? is this for small thank you with the level of humility i think this is going to be a permanent ch

you want to talk about decarbonizing the west, there's your start-up capital. there's a tsunami of new careers coming. but that wave will pass students by if we don't equip them with the right skills. don't be that person that sends students elsewhere for the careers of tomorrow. companies are increasingly asking three questions. what is the quality of your workforce? what is your quality of life? and what is the quality of your schools? part of my travels across the country i take particular interest in visiting rural communities and telling them these options are here for you, too, to make sure we have a strategy for rural communities. the last thing we want is for students in rural communities to feel like they have to leave to take advantage of this. the biden-harris administration is calling for a total reimagining of the high school experience. when the pandemic ended, we sent our kids back to school, as a father i can tell you, i was a little dismayed that the schools went back to how they were before the pandemic. we have an opportunity to embrace that

sort of successful but this is a timed test in science says in order to hold 1.5, the world has to decarbonize40% it we are on pace to do it about 10%. >> you took note of al gore and what he had to say, you noted there are loopholes. this is an improvement, but they have concerns. what is missing from the deal? >> there is no sort of concrete language that says nations shall decrease their planet cooking pollution by x amount by x year. it is voluntary and a nation like saudi arabia could increase production by many times and still sort of fit in with this agreement as well -- as long as they are tripling renewable energy, solar and wind is so cheap right now. good is the cheapest form of energy, but it is not replacing old stuff that burns fast enough . as a species, we have an unending appetite for cheap energy. what needs to happen is big fossil fuel fines, discoveries. those companies that say we will leave that in the ground for the betterment of life on earth, we have not seen anything like that while the economic seems to be dedicating this transition is happening. even folks in dubai

if you asked me five or 10 years ago, i would say i'm got sure we have everything we need to decarbonize, but today, we have the tools we need, we just need to deploy them. >> thanks to bill weir for that report and bill will join me for a special state of the union where we focus on the climate change crisis sunday eastern at noon on cnn. coming up, noon analysis of the military operation in gaza finding the 2,000 pounds of bombs and the deadly destruction of war and why next. getting sick and tired of cold and flu products that don't work? biovanta is the only number one physician-recommended product chosen over all others, including tylenol, mucinex, zicam, and nyquil / dayquil. the combat symptoms and boosts immunity. biovanta really works. getting sick and tired of cold and flu products that don't work? biovanta is the only number one physician-recommended product chosen over all others, including tylenol, mucinex, zicam, and nyquil / dayquil. the combat symptoms and boosts immunity. biovanta really works. . >>> welcome pack. i'm jake tapper, after the rejection from the supreme cou

and current rates, the world is decarbonizing at the rate of 10% by 2030. it needs to be over 40%. and this really gives them a chance to stay with business as usual and most vulnerable to climate change weren't in the room as the gavel came down. they said this won't get it done. wolf? >> and bill weir reporting for us. thank you very much. i'm wolf blitzer in the situation room. erin burnett and our friends start right now. >>> upfront next, the breaking news, house republ

and current rates, the world is decarbonizing at the rate of 10% by 2030. it needs to be over 40%. and this really gives them a chance to stay with business as usual and most vulnerable to climate change weren't in the room as the gavel came down. they said this won't get it done. wolf? >> and bill weir reporting for us. thank you very much. i'm wolf blitzer in the situation room. erin burnett and our friends start right now. >>> upfront next, the breaking news, house republicans just voting to begin the process of impeaching biden as a defiant hunter biden rips the gop. >>> and also breaking, trump's 2020 election interference case is now on hold. does that mean trump gets through the old election without going to trial? >>> together it lasts, his story we've all been following since the october 7 attacks as you know him and he speaks out, finally together with his wife and those little girls. sharing new details on what they endured. let's go out in front. good evening, i'm erin burnett. out front tonight. the breaking news, voting moments ago to launch the impeachment inquiry. e

is announced that there is this global decarbonization alliance.s have come together. and it's not insignificant, you know, a lot of criticisms have been leveled at the uae, but the fact is that this is the first time ever that those companies have come to the table at the cop. what they have agreed to do is not enough, in my judgment, but i would rather have them doing it than not doing it. that is a pledge to net-zero 2050, a pledge to scope one and two by 2030, a pledge to all methane by 2030 which is really important for us, and to raise their cap acts on renewables. -- there capex on renewables. bottom line is we need -- look, we have got to be honest here with each other everybody, and that requires the oil and gas companies to the equally as honest with us. shery: u.s. climate change envoy john kerry, with bloomberg's john fraher. chevron saying in a statement that it is "an active participant in cop," pointing to his ongoing work to eliminate emissions and reduce the carbon intensity of oil, gas and refining operations. let's take a look at

these technologies are also important to decarbonizing the aviation sector as well. bloombergnef aviation analyst takehiro kawahara there. our next guest says 2024 is a year to buy u.s. new energy, but investors have to be selective. let's discuss the outlook with scott darling, managing director at haitong international got, be selective on u.s. new technology, what do you mean by that? what are you avoiding, and what do you like? scott: u.s. new energy has underperformed china and european you energy and also underperformed fossil fuel-based energy. think next year there will be much better earnings growth, you have the inflation reduction act benefits coming through. you probably will have improvement also in demand in terms of certain sectors like solar. our preference is to focus on quality names, so we like bloom energy which is linked to the green hydrogen value chain. we like next track companies, companies linked to the solar value chain as well. paul: what is the way to get exposure to new energy? the you just look at the lithium miners, or ev battery maker

those are joe biden's goals to help decarbonize the economy as well but it breaks down by party, not as many republicans share the sentiment right now, the message is for a long time it's all about sacrifice, that in order to cut our emissions, that you'll have to live in the dark, shivering in a yurt somewhere, whereas the new t sustainable clean energy solutions are the same, you wouldn't know the difference, texas is now producing more clean energy than california because of the economics of this. >> it's so -- such a stunning thing to hear. >> that's despite ideological and party resistance, republicans in texas try to slow it down. it makes so much sense economically. building a new power plant anywhere in the world the sun and wind are the cheapest fornls -- forms of energy. >> how many people believe they personally bear responsibility on this issue? i would think it would be very low. >> really, yeah, the last poll i saw, would you be willing to spend $10 a month to fight climate change? most people say no on this. pretty staggering, 40% have a great deal personally. 37%, som

gas emissions, but we have a new approach with power and infrastructure and more to enable us to decarbonizee need to useyou united can bu forward. >> how much is this fund >> the fund is really important. that is why we are here today. we launched the sustainable sp flight fund which is $200 million which is reducing emissions up to 85%. this is the solution that we need in the marketplace. we are not seeing the production come online fast enough. united decided to take a leadership role and invest we have 13 partners across the value chain working with us to invest in the early stage climate technology companies that we believe have the ability to transition into sustainable flying >> we heard that criticism which is not scaling fast enough that is difficult. you had good talks here. you had good partnerships here you said something interesting you said this is the new davos why? >> this is where corporations and private sector, comes together with the policymakers to kick start the marketplaces that don't exist that criticism is simply an indicator that the market is in an infancy stage w