an energy crisis. but there's no plans for nuclear in the coming months. that will change that. we see lots of headlines about countries reassessing the viability of nuclear power. those realities, if those reactors were ever to start being built, would be a decade or more. so they're not going to fall solve any energy crisis is currently a reality. fil, when you have a country like china, like japan was, continues to be halted by the a, by the happened, the focus focus shima does us are saying that they will start investing more in nuclear power? how do you see this decision in particular? is it suddenly because this concern about soaring prices, that is triggering many countries to think the policy energy decisions that in japan, specifically the government almost since the day are for cosima, the national government has asked, has pushed for reactors to be restarted. the problem is getting local consent there . if that's your question. so just because the current president says he wants to do to rea

this is hydra energy, hydra energy. it is a showcase and energy. is also solar energy, and here, by the way, is a big plus in space, because they flew into space. it is clear that there is no gas station there. nowhere, you can’t refuel and there aren’t many sources. i had to use the sun, and in the end. in the end, that's it. well, there's also geothermal, uh. uh-huh. it's all renewable, because in a reasonable period of human existence. it really is, as if the atom is normally used, we really have it here, that is, it refers to cattle, which today, and today they say, the main thing is low-carbon energy or no carbon at all. what is carbon free they already said that they weed out almost everything in the production process and say, when it works, here, when it actually works, here, hydro, the wind is the sun, here is the whole geothermal, and i will also include the atom here, that is, here they are, well , in fact, without carbon, they still add here. but the same fossil energy, but compensation is compensation - what if you buried person two, t

our energy reporter. sticking with the energy theme, opec-plus has agreed on a supply cut of 100,000 barrels of oil per day for october. the surprise move reverses september's hike and deals a blow to the biden administration. we are joined by paul wallace. this does reverse the hike put in place after pressure from the u.s. we heard from the saudis yesterday saying they remain flexible. are we going to see a faster moving and more responsive opec? paul: i think it does signal that, although it wasn't a total surprise. yesterday's cut was, the consists was it wouldn't happen. the saudi's signaled late last month in an interview with bloomberg that cuts could be on the table. i think what they did yesterday was even though the cut itself was token, it was minuscule, it was telling traders to watch out, we will be serious about supply reductions if we feel they are necessary. they essentially told the market that more could come if needs be, and presumably that means bigger ones could come. yesterday's deci

energy , after all, it has such a great historical value , including to our energy balance, the energytem of ukraine by the way, nuclear energy is exactly the same as gas, eh, oleksiy also said that progans contributed to eh. energy included in the european green course is part of the so-called green energy sector. yes, but if we are talking about alternative so it's more that we're talking about renewable energy sources. this is wind - this is the sun - this is hydropower . these sources are, in principle, the stations of ukraine . that it will be like that after the war, moreover, oleksiy briefly spoke about the possibility and risks of being hit by rockets, well, there are some other possible terrorist acts of our energy system if this happens. and this is already happening enough. our energy facilities are already suffering from such terrorist attacks, this is actually a risky and critical crisis situation for our energy system , but it is also an opportunity for a faster transition to these alternative types of energy that you are talking about or more modern ones, so come on from

energy. as 2nd, it will take about 12 to 15 years to build a pipeline of them capacity from the i'm up in sort of to check. or i want to leave it their energy analysts because he can thank you very much. in speaking of natural gas, the benchmark price in europe was back on the rise thursday following and forecast for colder temperatures. that's likely to put new pressure on the e. u to speed up plans to tap into energy revenues and attacks profits for some utilities, mission president or lavon july and proposing yesterday that you members cap the revenues for some electricity generators and tax profits for fossil fuel companies . the 2 measures hope to raise 140000000000 euros. that money in turn would be used to offset higher energy costs faced by consumers. sorry, clements. this is director of the evil institute munich. any joints me here for more clemons, obviously we know that some non gas utilities are prospering right now. as electricity prices rise, they don't have to pay for the gas.

high energy prices are causing problems for people also for entrepreneurs and energy suppliers . now, countries are reacting very differently to the crisis. our correspondence in germany, france, italy, and spain explain how the german government has agreed on its biggest release package yet for citizens and companies facing the pain of soaring energy prices. after tough overnight negotiations on the weekend, the coalition partners decided to help vulnerable groups, including pensioners, students and people receiving social welfare support, as well as energy companies that depend on expensive imported fuel. the $65000000000.00 euro price tag will be paid in part by a new tax on windfall profits being reaped by other energy firms that depend on cheaper fuels such as cole. and meanwhile, the tireless energy diplomacy of germany's economics and climate minister robert havoc has succeeded in partially weaning this country off of russian natural gas. paris has now increased a fuel subsidy by $0.12 to $0.30 per liter. it is also kept electricity, price increases by revenue. my call has

and if i could bring it the issue of energy and germany's energy needs back to this. i, jamie does plan to be carbon neutral by 2045 they. i made that very clear. how does this, these deals now? it with the gulf countries affect their plans there? look, let me also actually, 1st of all, i have to ask the status. and i'm trying to sure whether or not how purposely really is one as described. and i would, i would also challenge the notion of, of different times and regimes being similar to the, to the present situation and actually comparable. but coming back to the, the german question and, and where they go with their energy tradition. and i think that has also a little bit into, into what my previous professor said about whether the germans and the europeans are, have critical. and when it comes to their energy transition, i don't think there actually is energy and the change of talk. what we're seeing at the moment is, is very government and grew up trying to plug holes because of the social situation and ukraine war. but at the same time, there is massive investmen

l are coming to you now with worries about energy bill rises?— about energy bill rises?have never seen the likes of - about energy bill rises? i have never seen the likes of the - about energy bill rises? i have - never seen the likes of the amount of people _ never seen the likes of the amount of people and — never seen the likes of the amount of people and the _ never seen the likes of the amount of people and the different - never seen the likes of the amount of people and the different cohortsj of people and the different cohorts of people and the different cohorts of people _ of people and the different cohorts of people coming _ of people and the different cohorts of people coming to _ of people and the different cohorts of people coming to us _ of people and the different cohorts of people coming to us for- of people and the different cohorts of people coming to us for help. i of people and the different cohortsl of people coming to us for help. for a long _ of people coming to us for help. for a long time, — of people coming to us for help. for a long time, it— o

short of energy.portant. context so it's 80% of energy. it's uniquely cost effective in a world that desperately needs more energy and energy is crucial to be to people being able to use machines to make themselves productive and prosperous here. we have solar and wind which are subsidized mandated and lied about but they are 3% of the world's energy that are totally dependent on the reliable sources of energy mostly fossil fuels and we have this claim that we can rapidly ban the world's leading and desperately needed source of energy to you know, and replace them with solar went. so this is this is why i call it mass murder this would literally end billions of lives prematurely so the details of what co2 does or doesn't do are trivial anything within the realm of possibility is masterful and nothing compared to the benefits. we will lose if we follow a professor destler's policy. okay. i'm going to ask you each of you if we accept the assumptions about the impact of human on climate change. how much

need energy. and there are big differences between industries. these branches use 75 percent of industrial energy and are now in big trouble. political action is needed. energy intensive businesses are demanding a europe wind cap on energy prices, as well as state back aid to keep companies from having to stop production. this is one point businesses and labor unions agree on works councils plan to turn up the political pressure in the, in again and says in just over 800000 people work in energy intensive industries in germany, which gives us a lot of weight politically from india. one gotta buy pool, it's 800000 workers means 800000 vote. he left him so we can definitely make a difference the much present possibly being. now the government must decide will energy intensive industries be granted emergency aid or should the state provide relief to employees and will have to find new jobs in the long run? because few believe that energy prices and germany will drop significantly any time soon. on fo

most use of energy. there is a lot that needs to go on their. labour has a plan and i hope liz truss will be listening to it now. she will be putting those plans into action. francine: are you surprised that labour is not further ahead in the opinion polls given the economic situation? fleur: i think they are far ahead. if we have an election now, we would win. that is a great thing for the country. keir starmer is doing really well. he has that principle of high standards for the government that we have been missing in boris johnson's premiership. we do not net -- yet know about liz truss, but we look at all of the comments she made over the summer and which one she will keep. we are very much ahead in the polls and i hope that we will see that continuing. we have got good commonsense policies and on the side of working families in a way that liz truss has not praised in this leadership session. francine: thank you, 10 points ahead is something that people are expecting. fleur anderson, shadow cabinet o

price freeze _ choice but to back an energy price freeze but — choice but to back an energy price freeze and the real choice. — freeze but it won't be cheap and the real choice, the political choice, is who— real choice, the political choice, is who is — real choice, the political choice, is who is going to pay. is she really— is who is going to pay. is she really telling us that she is going to leave — really telling us that she is going to leave these vast excess profits on the _ to leave these vast excess profits on the table and make working people foot the _ on the table and make working people foot the bill for decades to come? well, _ foot the bill for decades to come? well, i_ foot the bill for decades to come? well, i understand that people across our country are struggling with the cost of living and they are struggling with their energy bills and that is why i as prime minister will take immediate action to help people with the cost of their energy bills and i will be making an announcement to this house on that tomorrow. ~ ., announcement to this house on that tomorrow. a, ,.

i will take immediate action to help people with their energy bills, but all face our secure long energy supply. i'll take me action to make sure we have lower taxes and we grow the economy. and that way i will ensure we have a positive future for our country and we get britain moving. >> thank you, mr. speaker. can i congratulate my right honorable friend the prime minister for a successful campaign and to become our leader? mr. speaker, is right and proper the government focuses its attention rising energy costs are households across the country but as we have heard business is big and small r exposed to horrific energy price increases with no restate that a restraint and no support from government so far. for the sake of businesses, the jobs they provide in the economy as a whole what can my friend the right honorable prime minister due to these energy costs facing our businesses? >> well, my honorable friend is right we do need to address the issues businesses face, and the package that will be announcing tomorrow will do just that. >> ian blackford. >> thank you, mr. speaker. i'm su

we need to make sure that we deal with all the issues in the energy market and the way that energy isgulated. i will certainly be saying more about that tomorrow. colum eastwood: the prime minister should know by now that many people in the north of ireland are starving and freezing in their homes. we need a tailored solution for northern ireland, but that is much harder to achieve because the dup are refusing to form a government at stormont. the new prime minister has a choice to make: she can either be on the side of the dup or on the side of struggling people in northern ireland. so, whose side is she on? p.m. truss: mr. speaker, i want to work with all parties in northern ireland to get the executive and the assembly back up and running so that we can collectively deliver for the people of northern ireland, but in order to do that we need to fix the issues of the northern ireland protocol, which has damaged the balance between the communities in northern ireland. i am determined to get on with doing that and i am determined to work with all parties to find that resolution. >> the

and we can unlock the energy and climate benefits of the energy act of 2020. the bipartisan infrastructure law and the inflation reduction, we can do all of that. but you can't do it in a timely fashion to meet the challenges that the world has today unless you change permitting, which is something we've all wanted. extreme lines, electric transmission lines -- i don't know what to tell you. right now there are approximately 20 projects in various stages of planning. 20. those take right now an average of ten years and on top of that, a quarter of those -- 25% of those -- go into litigious extensions, which is even longer, is 15, 17 years some of them. there's nobody in the developed world saying we're effective and efficient and what we're develop something the most effective and efficient pricing we can and the most reliable energy that's needed. in this permitting bill, sir -- mr. president, we do not bypass any of the oversights from the environmental review. whatever we have in place is still there. we're just going to put guidelines and timetables. you e

you say you take water, it's 2 o an energy, lots of energy in the form of electric power. that electric power splits the water molecule into hydrogen and oxygen. no need for the oxygen. we only need the hydrogen. and here it comes. you combine the greenhouse gas t or to with hydrogen, and what's her good is fuel glue fuel that recycle c o 2 instead of emitting it to is it really that isn't good? i just put your synthetic fuel in my car instead. panel then system in and if we can deliver sufficient quantities to gas stations, then you can fill your car with it. that's a major opportunity provided by c o 2 neutral fuel monkey you can use the existing infrastructure. oh, looks and come. oh, okay. got it. synthetic fuel makes dirty god me as long as the whole process is powered with clean energy. well, that's a lot to think about. it's a lot to think about. indeed, joining the conversation about going vien can be overwhelming floss you may not know where to start. that's exactly why we are here. eco, india will continue to bring you ideas in solutions to help you make informed

let's talk about energy situation in europe, how will the windfall tax hit energy industry?eady happened in the uk, produces in the uk have been hit by 25% windfall tax earlier this year, plans to increased windfall taxes in europe, will accrue some money to the government to offset the money they haven't been paid for high oil and gas in ports. windfall tax is a failure of taxation honesty, and always they have a completely different taxation regime where countries are harvesting cash flows, the marginal rate of tax is 78%, it is a failure i think of a taxation system, both in europe and the uk. europe is a large net importer of oil and gas, it is limiting gas and oil production will be affected by this but a pretty small number overall stop thinking about nord stream one one and what was going on with that. do nord stream one one and what was going on with that.- was going on with that. do you think the eu _ was going on with that. do you think the eu is _ was going on with that. do you think the eu is ready _ was going on with that. do you think the eu is ready for - was

>> clean energy is renewables. that is the clean energy future.that the energy crisis is something that is going to lead governments to decide to move more quickly tode-carbonization -- quickly active -- move quickly to de-carbonization. because there have not been the increases that they should have been end right now, 65 percent of electricity generation comes from fossil fuels. that has not dropped for 20 years, at a time when we are meant to be moving to zero. so, we are not going forward fast enough with de- carbonization any option to do the things we need to do to reach net zero, which is essential. >> china is spending billions of dollars to expand its nuclear capability in terms of reactors, the turks are building, with the help of russia, a nuclear reactor, so are the egyptians, so are many other countries. are we moving into uncharted territory, are the risks going higher? >> absolutely the risk is growing higher. in china, there is a norm is nuclear power ro graham, but that dwarfs what is being produced in terms of renewables. the rea

minister warned of further volatility of energy prices. this comes after brussels recommended a cap on gas prices according to the financial times. g7 countries agreed on a price cap scheme last week >>> and france is ready to send gas to germany in needed in exchange for electricity going the other way. details will be flushed out in the coming weeks according to olof scholz who said france would need help from neighbors because of technical issues with the nuclear power plants the french president said this is a show of solidarity as he called for a 10% reduction in the energy use in coming weeks >> translator: germany needs our gas and we need the electricity produced in europe and in particular from germany. why? this has nothing to do with the conflict in russia, but linked to a short-term phenomena where the nuclear power plants in france led the supervisor and safety authority to perform maintenance on them. so we have more nuclear power plants which are under maintenance than expected. it adds to the problem i talked about earlier.

energy bills.uld reduce the bills by 20%, — bills. that would reduce the bills by 20%, but by stopping these extraordinary price rises, which are exceptional— extraordinary price rises, which are exceptional and driven by factors like, _ exceptional and driven by factors like. as— exceptional and driven by factors like, as penny was saying, what's going _ like, as penny was saying, what's going on— like, as penny was saying, what's going on in— like, as penny was saying, what's going on in ukraine and the global shortage _ going on in ukraine and the global shortage of supply, if that were to happen, you would have a virtuous circle _ happen, you would have a virtuous circle whereby inflation numbers would _ circle whereby inflation numbers would be — circle whereby inflation numbers would be lower. people's confidence will be _ would be lower. people's confidence will be higher, we wouldn't have the need for— will be higher, we wouldn't have the need for government to dole out billions — need for

and also trying to bring in for the future new energy production , renewable energies, and nuclear energyed. >> the decision yesterday by the g7 to impose a price cut on russian oil, how much do you think this is going to reduce the income for russia? >> i think we need to reduce all revenues for russia because we don't want to put sanctions against russia to have russia benefiting revenues from oil and gas. the idea of capping the price for oil is, i think, the right one. the fact that the g7 decided to move in that direction is good news. then there remains three points over the next weeks. the first one, we are forced to get the unanimity of the 27 member states of the eu because if you want to change the rules, you need the unanimity of the 27 member states. let's not take that for granted. the second is the outreach. we need to convince other partners outside the g7 to join that initiative because we don't want it to be a western initiative against russia. we want this capping of oil price to be the global initiative against war in ukraine. the point is important, which is how to def

you used to lecture the world about energy, it transition and going to clean energy. however, when they felt the heat, they had to go to use the nuclear energy and then to stop the activate the little euclid site. this is, this is a moral moral question. this crisis basically is raising a moral question about what the you use to lecture the world about and how much of the us and see and, and, and how much they are actually fulfilling the commitments when it comes to human rights and defending the human rights. and actually trying to defend those who are oppressed, or dose, or suffer. i think these are another round of, of, of assessments to all of this values that you and the make. and they used to sell the people in that egypt all the worst. and what's your take on that? i mean, critics will say that concerns about any concerns that germany would have about human rights in the gulf region would be put to one side now because of germany's energy needs. well, it's not as simple critical as it sounds. if the fundamental human rights violations, germany and the european

we are going to deal with the issue of energy bills-— energy bills.e facing a renuine energy bills. we are facing a genuine emergency. - energy bills. we are facing a genuine emergency. i - energy bills. we are facing a genuine emergency. i thinkl energy bills. we are facing a - genuine emergency. i think anyone pretending that is not the situation is not _ pretending that is not the situation is not being straight with the country _ is not being straight with the country. and, by the way, across europe — three men have been arrested over the killing of nine—year—old olivia pratt—korbel in liverpool — one of the suspects was detained on suspicion of murder. eight—year—old twins — a boy and a girl — and an 18—year—old woman have died after a "violent incident" at a house in dublin in the republic of ireland. donald trump calls president biden an "enemy of the state" at his first rally since the fbi searched his florida resort for sensitive files. and coming up at 7.30, a full round—up of the day's action in sportsday. good evening. the frontrunner in t

energy does have a cleaner energy profile than most other countries. oil and gas in the gulf of mexico has a lower carbon emissions than anywhere else in the world. we will have a 50% growth in global demand. we need wind and solar, we need hydro, nuclear and oil and gas. even the biden administration shows we will have an 80% increase in natural gas in developing countries. rather than let russia fill that void, why not let u.s. do that. we should have energy policies that resulted lower emissions, getting back on that trade. of course, allowing the united states to export more of our resource which benefits the jobs and economy here. host: you talked about the speech on friday, to what degree will oil and gas be a part of that energy component versus clean energy? guest: we will have an all of the above energy strategy. we will be using when, solar, geothermal, hydro but it will be based on the bidens administration's projections for global demand. making sure we can meet the demand for our u.s. citizens and stop this record inflation that is >> we'l

this energy stock is down today. two crises happening in the energy market.e the issue of the availability of supply, which is certainly a factor. and the volatility of the gas prices moving up and down so much, causing financial problems for this market for the companies that have to deal with it. and this is turning out to be greater than anticipated. ecuador, i put it on the ftse with lehman, they talk about the size of the amount that will be needed to deal with the market because around the volatility we are seeing in the energy market. 1.5 trillion, such a massive number. how a company will deal with this is going to be a huge factor. and what can we use as collateral? that will be the other thing to talk about. could we be using credit? there are a number of questions, but they are certainly reacting to it. alix: 1.5 trillion was a conservative number, which is even more staggering. that is one end of the energy prices. the other is u.k. centric. and we are still waiting for the new premised are to deliver her address. reportedly, she has drafted plans

but it is unclear of this latest move by the use. energy ministers can turn the tide of exploding energy prices just over a year ago and august 20, 211 megawatt hour cost, around $83.00 euros on the european market. now it's tough to $464.00 euros. the jump was caused by the massive increase in natural gas prices, which is a critical fuel for european power plants. according to figures of the organization for economic cooperation and development, we see d. the price a spike in natural gas is the main factor driving energy costs higher across the market. while the price of running natural gas power plants is the rise, the production cost for renewables remain largely unchanged. but businesses and consumers are still paying higher prices for power produced by environmentally friendly sources, resulting in large profits for energy firms. all right, let's get more of this from alex cobham. he is the head of the tax justice network, a group aiming to highlight and come back. tax avoidance, welcome to the w alex. let's take a look at what energy ministers have been agreeing on. so a levy on fo

nicole balance on a global scale when it comes to energy. it is a much more globalized commoditized market in the sense that you are creating less dependence on any one single country. in particular, if you are signing several new and and g long term supplied us with different suppliers. thank you, leon is vicki from energy aspects there for us? thank you very much. and a reminder of the top business story we're following for you this. our george maloney says she'll govern for all italians after her right when brothers of italy, party and it's concert of conservative allies, one clear victory in sunday's elections. maloney is now set to become italy's 1st our right leader since world war 2. however, maloney's openly critical stands to the european union and populace economy policy could spell trouble for the debt ridden country. that's our show for more checkout d, w dot com slash business, and the d. w. news, youtube channel. we're also on facebook for me and the business team here in berlin . thank you so much for watching. ah, ah, ah, ah,

and energy security, _ would address energy prices and energy security, while _ would address energyll also help to save - the planet. the uk has already shown that you _ the planet. the uk has already shown that you don't — the planet. the uk has already shown that you don't have _ the planet. the uk has already shown that you don't have to _ the planet. the uk has already shown that you don't have to choose - that you don't have to choose between _ that you don't have to choose between low _ that you don't have to choose between low emissions - that you don't have to choose between low emissions and l that you don't have to choose - between low emissions and economic growth, _ between low emissions and economic growth, you _ between low emissions and economic growth, you can — between low emissions and economic growth, you can have _ between low emissions and economic growth, you can have both. _ between low emissions and economic growth, you can have both. to - growth, you can have both. to achieve — growth, you can have both. to achieve net— growth, you can have both. to achieve

>> we have to save energy. we will have to share energy we have high level of storage and we are not afraid of putin's decisions. >>> gas prices surge european governments rush to react with germany launching a 65 billion relief package for houses and sweden and finland pledging billions warning of a lehman brothers moment for the sector. >>> less than three weeks from the elections, moscow wants to hurt europe and italy in particular >> russia is trying to influence european political landscape and he is trying to influence italian governments. >>> and hours before the uk reveals the next prime minister with liz truss looking to take the keys to number 10. >>> welcome back to the show a bit of a recap of the pmi numbers. eu economies continue to fall in august with the worst show in 18 months for pmi as the composite figure at 48.9and below the 50 level. of the individual countries, france with the services sector of 51.2 reading. germany, by far, lagging with the services pmi at 47.7 this is last month lookin

at absorbed so much time and energy. at a really— absorbed so much time and energy. really crucial moment for the country, so yes, this is the energy plan _ country, so yes, this is the energy ptah that— country, so yes, this is the energy plan that could cost £150 billion. it was _ plan that could cost £150 billion. it was previously compared to a furlough — it was previously compared to a furlough scheme that came with around — furlough scheme that came with around £70 billion. as i said before, _ around £70 billion. as i said before, the difference here is that furlough _ before, the difference here is that furlough was targeted at people who wereht— furlough was targeted at people who weren't able to work because the government had implemented a lockdown, whereas this is indiscriminate and the concern that many— indiscriminate and the concern that many hold — indiscriminate and the concern that many hold particularly some economists, is that not being targeted, it's going to be very expensive and help those who don't really _ expensive and help those who don't re

that is lead to the energy crisis. she still not told us who will p for our energy plan. the prime minister has served in every one of the conservative governments responsible for this man. make them think she does not have the support of the british public. the prime minister may have changed with the speaker, but it's the same all be shown by the place at the top may change. but the story written by opposition and p said the prime minister has no proper explanation for how she's going to handle the economy with inflation levels that a 40 year high and soaring energy prices on the international front trust chose to make a 1st phone call to ukrainian president vladin is that vladimir lensky once again promising britain's assistance for the long term and the ukraine conflicts. the next conversation was with us president joe biden on the same issue, although they also discussed the global energy crisis. journalist actually returns, he says, the cable face, if a more serious economic problems under les tress trade union leaders. we wondering why it is zalinski is more import

energy supply. i will take immediate action to make sure we have lower taxes and grow the economy and that way i will ensure we have a positive future for our country and we get britain these things. >> thank you, mister speaker. can i congratulate my right honorable friend the project mr. for a successful campaign and becoming the prime minister of the united kingdom. mr. speaker, it is improper the government's focus its attention on rising energy costs for households across the country but as we heard businesses big and small have horrific energy price increases and no support from governments so far. the jobs they provide in the economy as a whole, what can the right honorable prime minister dues tes energy costs facing our businesses? >> my honorable friend is right, we do need to address the issue of businesses and the package we will be announcing tomorrow will do just that. >> ian blackburn. >> thank you, the thoughts and prayers of everyone in this house will be with the families caught in

you for energy.nd wind and solar because they have as - - an advantagee and the texas market because of that because of energy producers to to continue to build wind and solar that is the cheapest resource may not believe me now that you will in a few years and then the cheapest energy and then to have an unstable grid. and then the firm power. and wind and solar are not the problem the problem is the market. you have to have it on the grid. but it's the texas legislature and thens to solve that problem. so think of the proper policy of the form its long-term system cost analysis. i'm an extra things only that in the long-term to be most effective at the lowest price. nvand the point that i missed before that's the main thing but it's important even with the raw material like solarca panels those to not go down indefinitely because they are real physical materials.y in the particular chinese solar powered —- panels are dominant because it has chinese coal they are using coal to make solar panels that

it is a full fledged energy war. for europe because the same methods are likely to be repeated by the russian government in the future. it's going to take time for europe to reduce its reliance on russian energy. that means that this winter could be a tough one. steve rosenberg, bbc news, moscow. the death of a man shot by police in london will be investigated by the i otc. london will be investigated by the i 0tc. they said a single shot was fired from a police gun. 0ur 0tc. they said a single shot was fired from a police gun. our home affairs correspondent is at new scotland yard. what are the implications of what they are saying today, daniel? clearly it does change the complexion of this incident quite significantly. this is definitely the most significant update from the independent 0ffice the most significant update from the independent office for police conduct so far under shooting, which took place about 48 hours ago. have said there was no nonpolice firearm recovered from the scene or from the vehicle. as f

energy prices. leave you k businesses on the brink of collapse. this is the w business. i'm kate ferguson. thanks for joining me. the pace of hiring in the united states is down, but the country is still out. it's $315000.00 new jobs in the month of august. those figures come from, i'm much away to jobs report, which some analysts are interpreting as a find that rising interest rates and fears of a recession are discouraging businesses from expanding. the slow down in the new hiring has reduced fears of inflation with shares initially rising on the news. let's talk more about this with the w a financial correspondent, james sweeney in new york. hi james. good to see these kinds of data can be a little bit confusing to interpret. is this good or is it bad news for the u. s. economy? it's a little bit of both. the truth is it depends on who you asking what they're focused on. because regarding jobs, if someone is looking for a job and they got one, that's great news, we'll come back to contributing to

europe's energy prices -- europe's energy crisis is deepening.om reversed plans to resume gas flows through the nord stream pipeline. eu energy ministers are preparing for an emergency meeting on friday where a number of special measures to rein in soaring prices will be discussed. for more, we are joined by our energy reporter. let's start with the dramatic news that nord stream will not be reopening after we reported that it would be carried walk us through what this means for gas supplies in europe. and how well positioned europe is to withstand the shock. >> nord stream is the biggest pipeline to europe for natural gas supplies from russia. it was only operating at 20% capacity but they needed that because germany, france and other countries wanted to refill their inventories to higher levels. without this flow, and it is likely it will not be restarted through winter, without this online, it raises the risk of gas rationing across the region. of course, germany has inventories at 95% but it is not enough to get through the winter. it puts th

but the crisis in the energy market has delivered a windfall for the energy producers.s all over the world but some of their huge profits come from oil and gas here in the north sea. the north sea still provides half of the uk's gas. much of it comes ashore here at shell's bacton gas plant in norfolk. so what happens down here? there's eight pipelines going into bacton from the gas rigs in the north sea. um, it's a 24—hour operation. it's a major employer around this area, as well. they take the gas in there and then pipe it off to other places. in may, the government announced a windfall tax — an additional 25% on profits from north sea oil and gas. it is possible to both tax extraordinary profits fairly and incentivise investment. so we will introduce a temporary targeted energy profits levy. the government says the new tax will increase investment and raise £5 billion over the next year. but critics say the tax isn't all it seems. dan neidle is a labour—supporting lawyer. he used to be head of tax at one of the city's biggest legal firms. so, this tax, it's often cal

energy companies.a good line of action? iie: scale of that intervention that a good line of action? tie: scale of that intervention is eye—catching and a lot of people would welcome that support. it will provide the most support to people that consume the most energy which tends to be more affluent households and they have said they would remove certain elements of the common support package that was put in place in may, which we do have concern about but it is that level of thinking or scale of intervention that we need to combat this energy crisis, which is completely unprecedented in its scale. peter smith, thank— unprecedented in its scale. peter smith, thank you _ unprecedented in its scale. peter smith, thank you for _ unprecedented in its scale. peter smith, thank you for your - unprecedented in its scale. peter smith, thank you for your thoughts and no doubt we will find out more details about what the government or new prime minister does plan to do in the next few days. police in the republic