rafael: it is clear that they came to power with a critical view on everything about the iaea, the wayened, and i think that they have a different approach in general. and as we speak, there is an intention, i think from both sides, from the five plus one so to speak, germany under the coordination of the european union, and on the other side you have iran. and there's still, i underline "still," there's still an idea to go back to the negotiations they were having to see if they can come back to the agreement of which of the iaea we are the guarantee years, -- we are the guarantors. >> because of that role, you are in touch with a number of key stakeholders. what is the outlook if the mead music has been negative -- mood music has been negative? rafael: there're phases. when anything goes on for so long, it is inevitable that you will have deep points and better moments. at this moment, we are in a sort of uncertain phase, because the process is supposed to be continuing but at the same time there is an interruption or a pause. and all of the negotiators are positioning themselves to

iran is currently violating the iaea's safeguard agreements and getting away with it. they arrest inspectors and sabotage inspections. they are getting away with it. the enriched uranium to the level of 60%, which is only one step short of weapons grade material, and they are getting away with it. evidence which clearly proves iran's intentions for nuclear weapons and secret sites is ignored. iran's nuclear program has hit a watershed moment. so has our tolerance. words do not stop centrifuges from spinning. there are those in the world who see iran's pursuit of nuclear weapons as an inevitable reality, as a done deal. or they are tired of hearing about it. israel does not have the privilege. we cannot tire, we will not tire. israel will not allow iran to acquire a nuclear weapon. i want to tell you something. iran is much weaker, much more vulnerable than it seems. its economy is sinking, its regime is rotten, divorced from the younger generation in iran, its corrupt government fails to bring water to large parts of the country. the weaker they are, the more extreme t

iran is currently violating the iaea tlsafeguards agreement. and it's getting away with it . they arrest inspectors and sabotage their investigations and their getting away with it . that direct uranium to the level of 60 percent which is only one step short of weapons gradematerial and they're getting away with it . evidence which clearly proves iran's intentions for nuclear weapons in secret sites and a bond, tehran is ignored. iran's nuclear program has hit a watershed moment. and so has our tolerance. words do not stop centrifuges from spinning. there are those in the world who seem to view iran's pursuit of nuclear weapons as an editable reality of a done deal or they just grown tired of hearing about it. israel doesn't have that privilege. we cannot tired. we will not tire. israel will not allow ran to acquire a nuclear weapon. and i want to tell you something. iran is much more vulnerable than it seems. it's economy is sinking. it's regime is rotten. divorced from the younger generation in iran. its corrupt government fails to even bring water to large parts of the cou

have to deal with iran's coming clean on the various sites that they have been unwilling to allow the iaea to get access to and get information on. above all, it has to deal with the essence of its nuclear program so that it is not a pathway towards a nuclear bomb. the world can ill-afford a nuclear-armed iran. certainly, there will be a race in the region. other countries, under the theory of mutual self-destruction, will seek the same types of programs, and we can ill-afford, in that part of the world, a nuclear arms race. and that's what iran poses not only as an existential threat to allies, like israel, and to our own interests in the region, but it creates the possibility of such a nuclear arms race. >> it is the ninth anniversary of superstorm sandy, which caused catastrophic damage in new york and in your home state of new jersey. extreme-weather events have continued to affect us, and the coastal population of the united states has more than doubled in the last 60 years. for the first time in 50 years, fema, the federal emergency management agency, changed how flood-insurance prem

and the iaea estimates over 70% of the methane leakage from oil and gas production can be to bed by using existing technologies. the goal, not just a long term but medium term, must be to power the world with renewables. there's lots of good news on this front. solar and wind costs have come down dramatically and are competitive with fossil fuels. they are now easier to deploy than ever before. storage, once the great problem with these intermittent sources, is being solved as batteries become more powerful and other storage solutions are gaining ground. we still need much larger developments in research and development in this area, but we are making real and fast progress. but in the meantime we still need to cut emissions today while keeping energy flowing. if not, we will face more energy shocks, which could easily develop into a political backlash against green and then the democrat in the white house, joe biden, will begin to look a lot like his predecessor from the 1970s, jimmy carter. go to cnn.com/fareed for a link to my "the washington post" column this week. and let's get start

he hopes to meet senior leadership to discuss iaea nuclear inspections prayed he is described the situationnce iran ramped up uranium enrichment and rollback access to some facilities. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. shery: still ahead, more on the outlook for china and its economic challenges. helge berger joins us. but coming up next, the bond despite mounting credits and property risks. will investors demand hold? this is bloomberg. ♪ >> china is on investable. the republic of china is throwing a bond issue this morning, 30 years at 26%. if you want to tie your money up with china for the next 20 years for 2.6%, i encourage you to do it. >> people are on a cyclical basis for the last 20 years. when we look at china, we are not focused on the consumer, we realize data and privacy issues involved in consumer data and population data is an issue of every country in the world. >> i would not say it is completely uninvestable, we did a project in london where the sponsor with chin

with one.5-degree oil and gas production defined annually by 4 percent or 3 percent respectively the iaea roadmap calls for no new oil and gas development. bp said it supports net zero greenhouse gas emission targets and you made a strong commitment to reduce production by 40 percent by 2030. i assume that you do this because you think it is important part of t a solution for the climate crisis. is that correct? >> that is correct so with that strategy in accordance with the parents agreement we have a new strategy. just two years ago we put this new strategy into place. >> so you believe the oil and gas production each year is that why you do this? >> we think that is the best decision. >> sell energy strategy with the net zero targets is fully consistent with the c parents agreement and you announce that a new thing where you will be having a 50 percent reduction and you are committed to a production decline quick. >> that is correct. >> i assume you do that because under the paris agreement it is important and we need to have oil and gas production. >> hydrocarbon needs to reduce which

we had a chance to speak to the new iaea director. mr. grossy.e talked about, not only iran's future in nuclear program but also north korea. it reminded me that japan, one of our most important allies in asia, is at the forefront of several key national security priorities for our nation. notably the nuclear threat on and from the korean peninsula. chinese actions in the south china sea and regional economic pressure. the undermining of hong kong's democracy and threats against taiwan. with the dawn of the aukus pact, they've signalled -- we need to be sure our allies and friends and partners, like japan, have a clear understanding of our goals. that's why the appointment of a new ambassador to japan is timely and critical. rahm emanuel is the right person for that responsibility. i've known him more than 30 years. perhaps his wife, amy, is the only person in the room who's known him longer. i've worked with him in many capacities. work as staff leader in the clinton white house, as a member of the illinois congressional delegation. when he beca

throughout the world and it pays our commitments to international organizations like nato and the iaea. it provides funds to opportunity our leadership role as the world's largest contributor to the u.n. world food programme which won the nobel peace prize last year for the critical lifesaving difference they made in feeding the most vulnerable people and responding to the current global humanitarian crisis. this bill includes a nearly $150 million increase for vital programs in central america to address poverty, violence, and other root causes of migration while also attempting to address the rampant corruption and impunity within the golfs of the countries of central -- governments of countries of central america which we look to partner. i want to point out the u.s. international development corporation, something a number of us had a hand in crafting will have an increased budget by more than a hundred million dollars to support private sector investment in development overseas with standards that are higher, that are more transparent in terms of labor, environment, and fiscal sou