of energy.concrete example of how we are monetizing some of our gas resources, for example, of course we want to enable investors, particularly international and national private investors, to be able to monetize their electrons or their molecules as much as possible. but at the same time, of course, the priority is to ensure that moroccans and people living in morocco and people working in morocco, and the economic tissue of morocco has access to the lowest costs, most economic green energy. i mean, that's priority number one. i've got to ask you this, because, and correct me if i'm wrong here, but morocco at this moment has contracts out there, tenders out there to drill for natural gas, offshore, off your coast. that's a fossil fuel. how do you square that with this incredible ambition? for morocco, it's a very easy question to square. there is no balance to find, because morocco has always been a net fossil fuel importer. but we are not your traditional fossil fuel exporter who would need to

and the 2nd point is the energy prices and low energy prices. and with completing the exit off nuclear energy to day, we will, we will once more take next step to battle, those 2 issues. so energy will be released. we will be safe in germany and we will get cheaper energy because renewables are much cheaper to operate and to build in the short term. how is this going to affect energy prices? this will not, it will not effect energy prices, because as i said earlier, our energy mix just contains a single digit number, a single digit present, am and realize a single digit present of nuclear energy. and the vast majority comes from renewable energy and a small portion of coal. and we will phase out this as well to the end of the decade. but for now energy prices will stay stable. now, some critics might say that in an ideal world, we would use entirely renewable energy sources, but we are far from that goal. why not just keep running a nuclear power plants, a reliable source of low carbon energy, and we badly need drastic cuts to emissions? why not

the energy on analysis confirms this. the only real question is where is the world energy? i for the president and this administration to face that reality if we follow president by will become even more on china and russia. the police applied is of little boundary technologies present things we have many of these minerals here in the unitedstates . but this ministration blocks access to them. i would rather get these minerals from china than mine here at home. last year energy intends to spend hundreds of millions of taxpayer dollars to micromanage it is a title company. last month the values reported white house deputy chief of staff saying china's companies are going to be a players he said in the energy agenda. meanwhile scientists at our own energy behind analysts determined that the covid this late from aloud and launch i think many americans are asking themselves on questions. why is july and auditioning to that someone is in your 7 million people worldwide and why is the lighthouse saying that china is a big player in our energy policy? they shouldn't be a minimum y

it's going to require a buy in from the energy companies. energy companies already said we don't have the money for the infrastructure here. where is that money gonna come from? well, in the end of all of our energy system, money comes from us, the customers that pay for that energy. the question is about investment and how much up front investment happens rather than things getting fed into the system. and we've been doing some analysis which looks at how much we spend as a society at the moment, year on year on energy and, and then competitive with the kinds of investments that we're looking at. and from our calculations, it suggests that in europe, at the moment, we're probably spending around 500000000000 pounds a year across year on our energy sources. and the investment that we're talking about, say for $300.00 gigawatts of energy, would perhaps be around $600000000000.00 to a trillion pounds. so effectively what we're saying is each year we spend about 50 percent of what we actually need to make that kind of investment. so over the next 20 years, which is, you know, we've got 2

it doesn't produce any energy, it doesn't store any excess energy. it can shut off when there is high demand. in most cases that i've read of, in fact it actually has a contract, like in texas, where it gets paid to shut off. in fact, texas makes, in some cases, cases and i read more money when they should often when they do running their facility. i would not say that that is a cost free battery storage system in place. it is an opportunity cost. we really should be focusing on investing in renewable energy infrastructure and long term storage to create a long term renewable energy infrastructure for our state. thank you very much. mister chairman, let me just say thank you for pulling all of us together and bringing our indices to consider this issue. this is frankly -- it is something we go through on the fight on climate change whether it's the climate provisions in the bipartisan infrastructure bill, or the work we did but in the inflation reduction act. it is not something that many of us thought about. thank you for bringing it to our attentio

we could not deliver energy to europe. our economy suffered and energy prices soared.eir moment of crisis europe struggled to decouple from russia and turned to china. it is completely unacceptable our allies had to turn to our adversaries for affordable, abundant and reliable energy. only recently the biden administration allowed permits on lng exports to europe should it is too little too late. not large enough to undo the damage that has already been done. as europe struggled to meet their energy demand during the mildest winter the continent had seen in decades the left-wing parties of europe continued to promote anti-energy extremism at all cost. this should serve as a warning we need and all of the above energy policy. now america must be the back bone of energy exports for allies. the united states produces energy that is cleaner, safer and more reliable than anywhere else. energy production will happen around the globe so it should happen here at home. as the cochair and founder of the energy export caucus, this is a top priority for me and i will do everything

america's energy revolution turned the nation into the world's energy superpower. the industries had a competitive advantage and allowed us to challenge dictatorshi without worrying about energy markets. it lowered the country's greenhouse gas emissions, provided americans with jobs, gave families relief from high prices. you think any president would want to build on that energy success but not joe biden. he spent the last two years of surrendering those gains. he's attacked america's oil, natural gas and coal producers at every turn and every place he could. he staffed the administration with zealots more interested in appeasing political activists then providing accessible affordable reliable energy and he's put countless roadblocks in every way on energy production. the result has been just what you would expect, record high energy prices, stubbornly high inflation. and how has the president responded? well, he actually did plead with dictators to produce more oil and he rated the nation's energy emergency supplies. he did everything except the one thing that w

it's an energy security push. a continent like europe that does not have a lot of domestic resource potential when it comes to oil and gas of course, visit -- this is what energy security looks like. imran: gareth, clearly the momentum is now on the side of this. people do want to get this going. but it is going to cost billions in investment, it is going to require a buy-in from the energy companies. energy companies have already said we do not have the money for the infrastructure. where is that money going to come from? gareth: in the end, all of our energy system money comes from us, the customers, that pay for this energy. the question is about investment, and how much upfront investment happens, rather than things getting drip fed into the system. and we have been doing some analysis looks at how much we spend as a society as a moment, year on year, on energy. and then compared it with the kind of investments we are looking at. from our calculations, it suggests that in europe at the moment we are spending a

, including renewable energy. i sat down with mike werth to find out what it's like to run chevron today in the current environment. tell me about the state of the oil world right now. it seems as if the large oil companies and carbon energy companies are doing well with record profits in record revenues. as a result, some people in the white house and other places have suggested a windfall profit stack. is the industry at such great strake that it can afford that? mike: it's a cyclical industry. we see prices go up and they go down. windfall tax won't encourage more supply. it's not likely to produce prices. president carter tried a windfall profit tax in 1980. it was rescinded several years later and collected less revenue than was expected and didn't result in more investment, it resulted in less investment and less production. if you want less smoking, you will tax cigarettes. we have more supply to bring taxes down. bringing taxes on energy production is probably not a good idea. david: do you have to go to w

and industry on nuclear energy. in bonn, germany who berta bart managing director and head of research at the german economic institute. and in paris, dr. paul door from a founder and chair at nuclear consulting group and a member of the irish governments radiation protection committee. a warm welcome to you on thanks much for joining us today on inside story market. let me start with you today from your vantage point is closing these plants and germany a good decision. it is a bad decision and it's out of state with jer. it's out of step with germany's trading partners and allies, not just in europe, but around the world. it's a small nation's worth of energy that's being turned off today. an energy that could power tens of millions of people in developing countries or 5000000 germans. it's the cheapest energy. germany's got. so it's a fairly catastrophic decision, especially considering this energy. ready works round the clock all year. not just when the weather's right. it, paul, let me ask you a version. the sam

and renewable energy? to differentiate between to time perfect. if we're talking about the long term perspective and talking about building your, you get power plant in the press number and economic, we live or profit the race. and that the, the later, the period in europe had a different story that be much more of been what, what we're talking right now is the money the $50.00. and they have yet to go there paper and it. and that's why it's or is it see to you that a trip from, from them comparing those 2, they're pretty similar. they have very high and very high capital investment and low, almost their operating costs. and i mean, that's probably the, or the construction of the, the market, the main difference is, or one of the main difference is that you can run a credit for 7 y at the end of the renewable david. but, and then depends on the whether the race and that for back up capacity might be this might be effective, but the demand which might be gas are or biomed, but at least they need to have to

which box green energy with subsidies. now we're considering how communities can be empowered with green energy. it mix moto says, to walk with what you've got. now, africa, where i come from, has sun want year old, as you can see, has a lot of weight. they can say that again sandra, but regulations in germany, big install in large wind turbines like this. somewhat difficult it can take years to get approval. but thus the, the case everywhere. peace in europe, the dentist island a one home wants to become a list environmentalist speaking the greenest island on the planet. but just how close are they to achieving that goal? let's see. i know it looked like it right now, but this highland might be the best island in europe and even the world, not because of its sandy beaches or its architecture or year round world, whether so cool, but because it's may be the greenest island in the world, all the energy produced here is when they reuse a lot of their ways and are reviving their struggling economy by becoming more sustainable

oh, green energy can par and in pa countries. so sondra shaw was thought with a quick preview of what's in store. good idea, cri, uninformed coming up with we have green energy from hydrogen, met in namibia, and we visit a danish, my london, striving to become west con emissions free. our 1st report, however, deals with a more controversial side of energy production. the earth may beat in up at an alum rate, but the global 3rd for oil and gas remains insatiable. and as we've observed over and over again, companies will go to great lengths to ensure the supply keep slowing. regardless of the consequences was suddenly it's often the environment that pays the heaviest price in the long run. in cynical, despite protest, my, the local fishermen and environmentalists, the government approved the construction of offshore oil fields, are equal, reported when to see how it is affecting the country. like many other fishermen on synagogue coast package, our uses fishing line or small mess. he's been going out to sea for 30 years. these men'

stop paying for energy and start making. are these solar tiles the future of energy? this high tech roof could power a single family home. the inventor behind this is convinced it will be a hit song made in germany. 90 minutes on d w. ah. in how many pollution? so now in the world right now, the climate change. if any, off the story. this is my plan, the way from just one week. how much was can really get we still have time to go. i'm going all with 5th. subscribe along with oh, time, once again for a brain update. because this orchestra called the brain continuously adapts itself. and so we ask a few astute questions. are we smarter a swarms? are you a psychopath? wouldn't causes monster waves. how powerful are your thoughts? we can control our thoughts, which makes us very powerful questions about life, the universe and the rest that were series. 40 to the answers almost everything this week on d w ah, ah, ah, this is dw news live from berlin, a dramatic and historic day as former us president donald trump, faces criminal charges. and i never thought anything like t

here here, while we need to do no harm to the environment and nuclear energy - this is clean energy and i want to say that i visited this facility and i am sure that more than 10% is needed in this country. energy will be generated at this facility. this is a very big success. naturally, thanks to atomic energy, it also carries with it responsibility. especially that the rich are supporting the development of this project, while technical assistance is being carried out. uh, besides this, together with russian partners , is preparing the employees who will work at this facility and thanks to this , turkey will have all the capabilities that a security country needs and at the same time maintain its independence. uh, it is necessary that atomic energy serve the world for good, and therefore, uh, i want to learn what, uh-huh, this society, uh, needs our international help and that's it. we need help and support. and when we talk about nuclear energy, let's work the way we work. e in with the spirit of the victory of the world faith, and, uh, we will celebrate the centuries of the crea

the department of energy. and also others create we were working with a ukrainian partner, and with our financial institution, trying to assist with critical materials and critical pieces of infrastructure that are necessary to stabilize the grid keep it going through the winter. we are all very relieved that this winter is over, but as you said, the estimate is that the grade is at least 40% graded and could be up to 50 percent. we have six months in which to prepare for next winter. there is still much work that needs to be done to fortify the existing system. a big piece of that is auto transformers as many people on the stage and in the audience know. those are very difficult and timely to produce. to transport and get in place in ukraine. our a id has been in the process of preparing these units. other donors have been providing some as well, but ukrainians over 60 are deftly not there. we need to keep going on that front. at the same time, ukrainians are setting out for the long-term. we are following th

for our energy. and that might consist of natural gas gent rit friday other resource serving california. >> the next step in the next slide is to take that solar energy that is being generated in excess during the daytime. and we turned the yellow line tos green lines where we are storing that excess energy in energy storage device, batteries or other energy storagetek technologies and restoring them back in the grid to cover hours that were gray now green. we are using storage to shift renewable energy time to meet our load on an hourly basis. and the next shows in longer term doing work to shape and shift the load so the dotted line is the original load, the black line the new load where we try on encourage certain uses during the daytime. electric vehicle charging that during the daytime or other types of shifting the load so that people are heating water at different times of the day to try to manage the load more. this is longer term. this is more complex to -- make big headway in these areas. t

she gave her 5,000 kwh of electricity to the country's unified energy system.ing blow to the ambitions of the united states, where they were just about to start building. npp shipping port of the palm of the ussr nobel laureates of heads of state, royal special water, a cooled channel uranium graphite power reactor mk were called am1 with excursions. what does it mean and there mirny generally wanted to see it, because they were afraid of atomic energy, she it seemed that in the form of an atomic bomb valery kondratievich came to work at the station in 1958, he spent most of his life here at this very console. and after the station was closed for economic reasons, it turned into a museum. he continued to work already as a guide, located on the site of obninsk. the nuclear power plant museum of atomic energy, also the world's first dance , has successfully worked for 50 years, and in 2002 there was this button back. by the time the nuclear reactor at the heart of the obninsk station was taken out of there were already two hundred nuclear power plants in operatio

for our energy. and that might consist of natural gas gent rit friday other resource serving california. >> the next step in the next slide is to take that solar energy that is being generated in excess during the daytime. and we turned the yellow line tos green lines where we are storing that excess energy in energy storage device, batteries or other energy storagetek technologies and restoring them back in the grid to cover hours that were gray now green. we are using storage to shift renewable energy time to meet our load on an hourly basis. and the next shows in longer term doing work to shape and shift the load so the dotted line is the original load, the black line the new load where we try on encourage certain uses during the daytime. electric vehicle charging that during the daytime or other types of shifting the load so that people are heating water at different times of the day to try to manage the load more. this is longer term. this is more complex to -- make big headway in these areas. t

david: why do you think it is that people love energy, but they don't love energy companies?her words, people in the united states and around the world consume enormous amounts of oil and gas and the people that provide it, like chevron, don't seem to be so popular. why is that? mike: you know, i don't know exactly why it is. you know, we are a big company. the numbers are big. sometimes big isn't popular. big energy, big government, big tech. maybe big private equity is an exception to that. but we are a big company. we represent less than 2% of global oil production. and so, in the scheme of things, a very competitive market. we are a relatively small player. i think what is important to remember is we need to have a balanced approach to energy. and that means we have to focus on affordability. because affordable energy is really essential for economic prosperity. reliable supply for national security, because energy security and national security are linked, and then protecting the environment. as prices get high and it gets less affordable, you find people that are upset.

and energy transition together. i would not have expected france a key partner recently hosted with a state dinner here in washington to be the one to throw the 1st big crack in that with regards to china's place in the world. well i think that obviously europe looks at china differently as an a very important market. mcroy has always had, you know, he was one who thought well, i can persuade pollutant, you know, not to go to war or to stop it. and i think he's trying to, you know, in a sort of, charles to go away, have an independent french foreign policy. but he's also part of the, you and he's part of nato. i imagined there was some pretty strong back channel communication about messaging there. and of course, the president of the e u was a law with, with him. and she was left out some of the very important meetings because she's taken a different line on china. so i think if you're looking to the future, steve, clearly the most important and the most dangerous issue is this great power competition. and how parti

so it is a threat to energy facilities and the country's energy supply.in the fact that the equipment is damaged, but also because financial e-e sustainability is not enough due to the financial deficit, the economic problems of energy companies, just too, energy. so it is experiencing huge problems because we do not understand that a lack of funds is impossible it is impossible to restore the energy sector, and this is as honest a problem as the problem of damage to objects. thank you, volodymyr melnychenko, director of energy programs , razumkova center, while the energy sector is restoring our energy component infrastructure , some irresponsible drivers, in addition to violating the curfew, also damage their own property, it is possible and the property of other car owners . just took place between the patrolmen and the drunk driver artem, is there a yes, we see, you have a word, congratulations. yes, i congratulate my colleagues. actually , we are now at the scene of the incident, such an unpleasant situation has occurred, and reported that the driver

oh, green energy can paw on in pa countries. so sondra, shall we start with a quick preview of what's in store. good idea, cri, uninformed coming up with we have green energy from hydrogen, met in the media, and we visit a danish atlanta striving to become west guns, emissions free. our 1st report, however, deals with a more controversial side of energy production. the earth may beat in up at an alumni rate, but the global 3rd for oil and gas remains insatiable. and thus we've observed over and over again. companies will go to great lengths to ensure the supply keep slowing. regardless of the consequences was suddenly it's often the environment that pays the heaviest price in the long run. in cynical, despite protest, my, the local fishermen and environmentalists, the government approved the construction of offshore oil fields, are equally reported when to see how it is affecting the country. like many other fishermen on synagogue coast package, our uses fishing line or small net. he's been going out to sea for 30 years. these m

they want to establish their own energy supply, based only on renewable energy sources. eight rural communities, 20 local companies and private individuals have pooled the money for it. they want the region's future to be free of nuclear power. yauemon: fossil fuels and nuclear power will only delay development. it's not the solution. it just obscures the obvious truth. even though the transition will be difficult in the short term, we have to deal with it, and still continue along this path. and our government should be leading the way. reporter: there is opposition to nuclear energy. but twelve years after fukushima, only a few are still raising their voices against the energy giants. the government is bringing decommissioned nuclear power plants back on the grid. in mihama in the west, a reactor is supplying electricity after a ten-year shut down. at the ministry of economy, the use of nuclear power is back in favor. they say it's necessary to utilize all ener sources to both protect the climate and secure the energy supply. ryo: japan is not very self sufficient ener

resources. renewable energy is abundant and cheaper. it's the only sensible way to run the plant. we are committed to use only renewable energy, so we don't want to emit c o 2 while capturing c a to the plant we have in iceland its efficiency is higher than 90 percent. which means that for one come, we are capturing, we admit about 10 percent. so we are made about 100 kilo plane works 1st direct here capture plant went into operation in 2017 at the swiss site as you 2 was not stored in the ground but uses fertilizer in nearby greenhouses. this closes the carbon cycle and prevents more carbon dioxide from entering the atmosphere. an impressive approach and it really works. but how much influence can it half on global warming? the plant on iceland can capture as much c o 2 in a year as 250 citizens in the u. s. consume. similar projects such as storing fear to under the ocean floor have only had limited success. seth, a j gambit of impure or college london. much older technologies with carbon capture storage, which they suck missio to out

it the switch to renewable energy.ning it with the global warming in question and carbon_ the global warming in question and carbon emissions, this is giving us a big _ carbon emissions, this is giving us a big incentive to reduce or energy. so, a big incentive to reduce or energy. 50. in _ a big incentive to reduce or energy. 50. in our— a big incentive to reduce or energy. so, in our own church we fitted solar _ so, in our own church we fitted solar panels on the roof. and that was quite — solar panels on the roof. and that was quite a — solar panels on the roof. and that was quite a difficult project to get people _ was quite a difficult project to get people interested in, partly because there weren't any high energy costs at any— there weren't any high energy costs at anytime — there weren't any high energy costs at any time. but there weren't any high energy costs at any time-— there weren't any high energy costs at any time. but in some ways when the ener: at any time. but in some ways when the energy bills _ at

second, reduce greenhouse gas emissions to renewable energy d. centralized energy system works in remote areas. also the national power group and intelligent control systems are able to capture any superfluous energy. the power and company installed the microgrids for manager mohammed soleah county is a promising concept. is community 5 years down the road was completely dark, was low today we have electricity here for me going forward for the rest of the. busy all this is of a good, valuable option. our micro grits or local solar energy grids. really a global solution. we asked energy expert marie for bras are from kenya micro grid and not the be all and all and see but let from so every but there in me to grow part of the electrification process in the, in the global south. like for example, the solution found by dr. m. a thing in the indian state of rochester. he has installed solar panels both on his hospital and on the family farm land, missouri like i feel like i'm contributing to the needs of my village. co put one for 220 megawatts and i am generating 5 megawatts here on my land

it learned that energy security matters, and without energy security, bad things happen like rampant. and also people's ability to transition falls flat, it stops. and the other important lesson is to look at where did the world turn for that energy security they turned to u.s. lng on the world stage. if that's the solution for a lot of these issues, we have the ability to do a whole lot more the amount of natural gas that we have in this country, we can increase production over 50%, allowing us to quadruple our lnd exports. that's like adding a saudi arabia to the world of clean energy >> toby, what's the story around the use of natural gas as a quote unquote transition fuel? there are a lot of folks out there regardless of what end of the political spectrum you're on, there is an evolution that will happen to clean energy. there is a movement away from hydrocarbons natural gas, while still kind of hy hy hydrocarbonesque is seen as a bridge fuel. >> when we look at the transition in context to emissions, understand where the biggest source of emissions on the planet is, it's foreign

energy security. we -- there is a long history of the government making judgments about these industries are wasteful. it is inappropriate. it does not put us in a good position going forward. i think that bitcoin is one of them. it doesn't bring anything unique that we need. >> miss dentlinger, in nebraska, and v b d, how do you look at different industries with regard to the rates that you charge? do you have any additional requirements on different industries? do you treat them differently with regard to things like disclosure or anything like that? is there an analogy here somewhere? >> now we are very agnostic to whatever the industry is actually using the electricity. we have different rates for different customer classes whether it is residential, commercial or industrial. beyond that we are not looking into the industry. >> who is your largest power user in the state of nebraska? >> currently, new course steel. okay, do you asked them to disclose anything with regard to their power generation?

i mean they are, the energy trade is not interested in it because clearly it had an impact on the energy markets, let alone the environment absolutely show from my point of view. i don't have any private information at all. i know she more hershberger done a lot of work on this, and good to speak of from a pure theoretical point of view when i talk about energy security. and it is very clear that russia does not have an interest in this and pos specially divided and miss ration has no interest either ship. i was really surprised when i read the report by shem on hersch, simply because it was very clear that the by them instruction was trying to make every single effort to supply europe with enough energy for the winter. and they got lucky and they got lucky on 2 fronts. the got lucky because of the mild winter. and they got lucky because of the a no or lack of hurricane out of damaging hurricane in the gulf of mexico, where all the l in g basically is made. and all the ships basically leave the gulf of mexico to europe. should they got lucky. but without that, euro would have been in big

ah, energy.ll, it should be noted that these blocks were closed gradually and gradually some kind of replacement arose , the most interesting thing is that often. these were coal blocks, that is, and, of course, uh, the reality is at odds with its own slogans, but dikorbanization of energy. well, simply, because it is impossible to fulfill so many goals at the same time. and for any money, it's just a technical question, ah, and there are other stories, for example, uh, within the framework. uh, the greening of germany's energy industry was necessary pave. uh, the so-called zetlings. it's a huge north-south power line from the north sea to bavaria, uh, and the local, uh, communes were protesting that huge iron structures would be better placed on their green. as a result, it was necessary, but to lay it with an underground cable, that is, an underground electric power cable across the whole country. here they are building it now. it is quite logical that in this situation, which you have describe

we put it on a par with renewable energy. solution to the problem of decarbonization, given our climate goals, nuclear energy plays an important role. although the position of france caused germany's indignation, emmanuel macron continues to consider the nuclear power plant development program one of the priorities of his work. however , paris promised berlin to help neighborly if after turning off its stations, germany will face a blackout, france will transfer part of its own energy there regina sevastyanova european bureau. vgtrk dare to reach a new level. open a current account at the point of only dare point bank for entrepreneurs and enterprises. a thunderstorm is not a hindrance when you want to be in a hurry with a haze. and when you want to be a big cheese steak, and you cut mentalali with sauce, then lightning is not terrible. she that you are ready to try a new run went breaking. businesses get 10 weeks of free service accounts with any package of services and 10% cashback for business will be in time until april 2