account for more than seventy percent of growth in electricity generation according to the international energy agency's report. solar photovoltaic technology followed by wind hydro power on bio energy are expected to lead the field in terms of growth but hydroelectric power remains the largest for nubile source meeting sixteen percent of global tricity demand by twenty twenty three. but despite the growth in the renewable sector the i.a.e.a. warns it won't be enough to meet long term climate and sustainability goals the agency says the areas which are not moving to a new both quickly enough are transported and he's saying both for home fund industry. and let's get the view from the united states now we can join our financial correspondent who is on wall street sophie what is the u.s. have to offer in terms of renewable energy especially varing in mind that the u.s. president has promised that the coal industry is back. yeah well ahead and when you think about the white house of agenda right now you remember things like climate change is a hoax made up by china leaving the parents' climate agreement lit

than seventy percent of growth in ploughboy elektra's city generation according to the international energy agency's report. solar photo voltaic technology followed by wind hydro power on bio energy are expected to lead the field in terms of growth but hydroelectric power remains the largest renewable source missing sixteen percent of global alec tricity demand by twenty twenty three. but despite the growth in the renewable sector the i.a.e.a. warns it won't be enough to meet long term climate and sustainability goals the agency says the areas which are not moving to a new builds quickly enough are transport and he saying vote for home fund industry . has surprised. down is. told to. seek. time to head frankfurt now correct bruisin is out of frankfurt stock exchange for us and two of the big topics this week both but saying two i.p.o.'s what's happening. yes spend two i.p.o.'s are scheduled this week here in frankfurt two very different companies from very different sectors tomorrow west wing will have its listing and internet shop selling furniture and other trendy stuff via the internet all over e

. >> the international energy agency has issued its annual report that says even though this share ofen energy is growing around the world, by 2040, renewables will only account for 18% of the energy mix. that as well as short of the energy's sustainability target. >> the fastest-growing part of the global electricity sector, renewables. the report says it wilill provie almost a thirdrd of power demand in 2023, up from about a quarter in 2017. renewables currently make up more than 30% of germany' energys mix. almost 40% of the country' energy needss are still met by burning coal. 13% comes from atomic power stations. compared to about a third from renewable energy, like wind and solar power. gas, oil, and other sources top the rest of the energy mix. renewables are forecast to account for more than 70% of wewealth in globobal electricicy generation, according to the international energy agency's report. solar technology followed by wind, hydropowewer, and bioenery are e excited to lead the fielen termrmof growth,h, the larargest renewable source, meeting 16% of global electricity dem

more than seventy percent of growth in global electricity generation according to the international energy agency's reports. solar photovoltaic technology followed by wind hydro power on bio energy are expected to lead the field in terms of growth but hydroelectric power remains the largest renewable source missing sixteen percent of global elec tricity demand by twenty twenty three. but despite the growth in the renewable sector the i.a.e.a. warns it won't be enough to meet long term climate and sustainability goals the agency says the areas which are not moving to a new builds quickly enough are transported and he's saying vote for home fund industry. let's get the view from the united states now we can join our financial correspondent who is on wall street sophie what is the way to offer in terms of renewable energy especially bearing in mind that the us president has promised that the coal industry is back. well ahead and when you think about the white house of agenda right now you remember things like climate change is a hoax made up by china leaving the parents' climate agreement little more

more than seventy percent of growth in global elektra's city generation according to the international energy agency's reports. solar photovoltaic technology followed by wind hydro power and bio energy are expected to lead the field in terms of growth but hydroelectric power remains the largest for nubile sources missing sixteen percent of global alyque tricity demand by twenty twenty three. but despite the growth in the renewable sector the i.a.e.a. warns it won't be enough to meet long term climate and sustainability goals the agency says the areas which are not moving to a new both quickly enough transport and he seeing both for home and industry. turbulent times that carmaker dire the company's financial cheeseboard has a surprisingly announced that he'll step down his contract is due to expire at the end of next year and he told the carmakers ahead of these supervisory board that he would not seek an extension of us the partial call follows on the heels of. such as announcement that he'll pass the baton in may next year. now let's bring in our markets and frank for more on this. to dime our top e

we're joined by the executive director at the international energy agency. thank you so much for being with us this morning. appreciate it. i want to ask you about the changes to that energy mix, in particular the idea that bioenergy will fuel a lot of the increases in terms of consumption. is that essentially because of the way that bioenergy is used in certain sectors, whereas, other renewable energy is not? >> thank you what we see is that renewable energies in general moving very strongly in our global energy. solar with bioenergy when we look at the newspapers, the televisions we hear a lot from solar energy and wind they are going very strongly but their main is in electricity generation electricity generation is only 20% of the total of the energy consumption. on the other hand, modern bioenergy is growing much higher rates in terms of the heat in the industry, homes, also in the transportation sector as bio fuels and when you look at the total renewable energy presumption today, all solar, wind, hydro, bioenergy, bioenergy's 50%, all others 50%. there

at the same time, the international energy agency which i think has done the best projections around fferent climate scenarios, different polycitra policy trajectories, they said even in a 2° world, fossil fuels will still account for 20% of our energy needs. there will be winners and losers in this scenario. the overall pie will shrink but it's not going to go away in the next 20 years, so we need to understand who is better positioned and who is worse positioned. second, you know, the oil and gas sector itself is energy intensive in the amount of emissions that it produces. we are seeing globally an increase of carbon pricing schemes and regulations that either tax or cap and trade policies put a price on carbon. so this means there's increasing need for companies to be aware of their own emissions, how they are managing those, how they are managing those as a cost now and increasingly into the future. the third trend we looked at was really sort of complex nature of climate regulations globally and where those are going. there's not a single set of globally consistent climate regul

you very much for such a school for pre-set entered changes to find global warming the international energy agency has issued its annual report it says even though the share of green energy is growing around the world by twenty forty were new bills will account for just eighteen percent of the energy use well short of the agency's sustainability target. renewables will be the fastest growing part of the global elec tricity sector the report says they'll provide almost a third of power demand in twenty twenty three from about a quarter in twenty seventeen renewables currently make up more than thirty percent of germany's energy makes us almost forty percent of the country's energy needs are still met by burning coal. thirteen percent comes from atomic power stations compared to about a third from a nubile energy like wind and solar power. and other sources top up the rest of the energy mix. for love for new bills are forecast to account for more than seventy percent of growth in global elektra's city generation according to the international energy agency's reports. solar photovoltaic technology fo

more than seventy percent of growth in global elektra's city generation according to the international energy agency's report. solar photovoltaic technology followed by wind hydro power and bio energy are expected to lead the field in terms of growth but hydroelectric power remains the largest renewable source sixteen percent of global demand by twenty twenty three. but despite the growth in the renewable sector the i.a.e.a. warns it won't be enough to meet long term climate and sustainability goals the agency says the areas which are not moving to a new both quickly enough are transports and he sing both for home fund industry. back over to amrita now and has sat chapter in spanish history amrita that's right helena a court in madrid has found an elderly doctor to get it stealing a newborn baby and giving it to another woman intern the franco dictatorship judges however did not convict the defendant say the birth mother had waited too long to bring her case still it was the first time stan had tried anyone for the practice little thousands of babies given away to in for women close to the regime ofte

agency in vienna, specially the international atomic energy agency, and she'll be on the job shortly making our case there. >> when the president came out in support of a two-state solution at the u.n. last week, prime minister netanyahu said he's confident israel would maintain security control of the west bank. is that correct? are you open to a palestinian state with no security presence from israel inside their boarders? mr. bolton: we have been working, as you well know, on a peace plan involving israel and the palestinians. we'll be rolling it out in due course when we decide it's the most appropriate time to do it and i'm sure that'll answer your question then. i'm sorry, i actually did try to recognize this gentleman. i guess i didn't point accurately enough. >> thank you, mr. ambassador. former secretary of state kerry said yesterday he has not met with the iranians since the u.s. pulled out of the deal. but he has met with them before. mr. bolton: i think secretary pompeo addressed that previously

the international energy agency. still with us is our guest. i want to get your take on oil.s $75 a barrel. we are looking at $84 in change for brent. how does that change your world? >> we like it in general. we could go a little higher. we like the pipeline in the u.s., the pipelines in australia. we like some of the oil services as well. from an inflation perspective, there is clear linkage. yes it has made slow growth, but it is not now. and in the meantime, the u.s. 10 year has been following brent quite closely. we use your gtd function quite a lot in the morning. and we have been discussing this chart all week. anna: excellent, let's bring it up in. g tv is the function to go to. talk us through what you see here about the interconnection between the two. oil prices going higher, has a inflationary impact. given that yields are going as high as 3.5%, does that suggest there is an upside? i don't think we will be looking at 1.10 or 1.2, but maybe into the 90's. or into the late 80's on brent and early 80's for wti, quite easily. the supply crunch is high and demand

march, herman hansman head of the intelligence group and former chief economist at the international energy agency and i will be brief with the intros and ben katzman, one of the premier experts on sanctions with iran from the library of congress and mr. kent longston, u.s. department of state bureau of energy resources' principal deputy assistant secretary and it was the affair in germany. nice place to be. somebody likes you. anyway, i will take chair privilege and begin with my talk. i'll put my watch up here so i'm on time which, for me, sometimes can be difficult because i like talking and this is a fascinating issue. okay. first of all, my opinions and my opinion alone do not represent those of the united states government, the department of defense, national defense university or any other organization i might be part of. you probably realize through my speech that they certainly do not represent some people in the government. it is not morning in america. it is not morning in america. it is not spring time in the arab world. however, energy can be seen as an enabler to move things forward

ambassador to you and agencies in vienna, specifically the international atomic energy agency, and she will be on the job shortly making our case there. >> the president came out in support of a two-state solution at the u.n. last week. prime minister netanyahu responded he was confident israel would retain security control of the west bank. is that correct? are you open to a palestinian state with a president from israel inside their borders? amb. bolton: we have been working on a peace plan involving israel and the palestinians. we will be rolling it out in due course, when we decide is the most appropriate time to do it. i am sure that will answer your question then. i actually did try and recognize this gentleman. i guess i do not point accurately enough. >> t white. -- thank you. john kerry said he has not met with the iranians since the u.s. pulled out of the deal, that he met with them on several occasions before. amb. bolton: that was addressed previously by secretary pompeo, and i will stick with his remarks. thank you very much. ms. sanders: thank you, ambassador bolton. coup

emma: the international energy agency warns that oil markets are entering a red zone.loomberg that higher oil prices are inflicting damage on the global economy. if their own major moves, the fourth quarter will be very challenging. for the first time in two years, the imf has cut its forecast for global growth. economy willthe grow 3.7%, down .2% three months ago. the escalating trade war and stresses in emerging markets are the problem. u.s., hurricane michael could be a category 3 before and slams into the florida panhandle tomorrow. oilas shut down 19% of output in the gulf of mexico. we will monitor its progress here on bloomberg television. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries, this is bloomberg. alix: thank you so much. it's affecting commodities as we know. 19% of oil production, 11% of natural gas, that's percolate. david: cotton might get hit. that's the satellite photo right now. that's the image as it enters the gulf of mexico. it is a category 1 right now. it should fit the gulf coast wher

in march, herman fran son, the head of the intelligence group and chief economist at the international energy agency, i'm going to be brief with the intros. then ken catsman, one of the e premier experts on sanctions in iran from the library of congress. >> hi, everyone. my name is sydney jones. i'm the student i would just like to welcome you and thank you on behalf of the national council for you all coming out and being here with us this afternoon. i hope your lunch is delicious and you continue to enjoy it the rest of the session. so one of the many things we do at the national council is offer programs exclusively for students in order to aid in their leadership development skills. so today it's my privilege to introduce three of our students that we have had go through either one or more of our programs. and i'm hopeful that their insight and testimony will give you a better idea of what kind of programs we have and what kind of students we hope to produce. i'd like to welcome nasla to the stage. >> hello, everyone. i am from saudi arabia. i am a recent graduate from george washington universi

herman france, head of the energy intelligence group and former chief economist at the international energy agency -- i'm going to be brief with the intros. ken katzman, one of the premier experts on sanctions in iran from the library of congress, and mr. kent logden, u.s. department of state, bureau of energy resources, principal deputy assistant secretary, and he was in germany -- nice place to be. somebody likes you. i will take the privilege and begin with my talk. i'll put my watch up here so i'm on time, which for me, can be difficult because i like talking and this is a fascinating issue. okay. first of all, my opinions are my opinions alone and they do not represent those of the united states government, the department of defense, national defense university, or any other organization i might be part of. you probably realize through my speech they certainly do not represent some people in the government. it is not morning in america. it is not morning in america. it is not springtime in the arab world. however, energy could be seen as an enabler to move things forward between our two parts

agency in vienna, specifically the international atomic energy agency, she will be on the job shortly making our case there. >> when the president came out in support of a two state solution at the u.n. last week, he's confident israel would maintain security control under any white house plan. are you open to no security presence from israel at the borders? >> we've been working as you well know on peace plan involving israel and the palestinians. we will be rolling it out in due course when we decide it's the most appropriate time to do it and i'm sure that will answer your question. i am sorry. i actually did try to recognize this gentleman, i guess i didn't point accurately enough, my apologies. >> former secretary of state john kerry said he is not met with the iranian since the ul pulled out of the deal but he has met on them on several occasions, do you think he was violating the logan act for doing so? >> secretary pompeo address that previously and i will stick with his remarks. thank you very much. >> secretary sanders: thank you, ambassador bolton. fema in coordination with

agencies in vienna. specifically, the international atomic energy agency. and she'll be on the job shortly making our case there. sir? >> thank you, sir. when the president came out in support of the two-state solution at the u.n. last week, prime minister netanyahu responded that he's confident israel would retain security control of the west bank under any white house plan. is that correct or are you open to a palestinian state with no security presence from israel inside their borders? >> we have been working as you well know on a peace plan involving israel and the palestinians. we'll be rolling it out in due course when we decide it's the most appropriate time to do it and i'm sure that will answer your question then. i see the lady with the -- over here. >> take one last question. >> i'm sorry. i did try to recognize this gentleman. i guess i didn't point accurately enough. my apologies. >> thank you, mr. boomp. john kerry said yesterday he's not met with the iranians since the u.s. pulled out of the deal but before. do you think he violated the logan

the executive director of the international energy agency says opec cutting oil production may not bein an interview with bloomberg television, he says the world will lose a lot of output from venezuela and iran. market is still strong and we will lose a lot of oil from venezuela and iran, so cutting the production may not be a step in the right direction. i would think twice. lender france's biggest has joined deutsche bank in posting declines for fixed income trading in the third quarter. there was a 15% drop in revenue from buying and selling bonds, currencies and commodities in september was in line. the drop cockpits chief executive officers'plans to meet 2020 targets. >> we would hope that soon we can wait for that and when it comes to hard brexit on banking, whatever i hear on the u.k. side is they want to have a transition period, so overall i believe the situation is manageable. taylor: americans have been given permission to jump the queue at hundreds heathrow airport previously reserved for europeans. the government announces they will be able to use the electronic passport

later, we talk the outlook for oil with the international energy agency's chief executive. we talked to him about oil at 100. this is bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance. let's get to the business flash with taylor riggs. said tomark wilson is step down from his role effective immediately. he will remain with the company until april of next year to find his successor. during the transition, entry in montauk -- a dream on todd will responsibilities and lead a committee of three executive directors. apple has told lawmakers its servers were not compromised and soft to ensure them the company's local supply chain is secure. in a letter to the chairman and ranking democrats on the commerce committees, it dismissed a bloomberg report that china used a microchip to infiltrate and pewter networks. apple'ser, signed by vice president for security offered additional briefing for staff members of the chain. shares have fallen to the lowest in six years in mumbai after the company's jaguar land rover unit summer cells slumped -- sales s

i remember standing at the international atomic energy agency in vienna, responsible for overseeing details in that agreement. nikki haley came not long after she was appointed to the united nations as ambassador and she told the top diplomat there, the secretary-general that he needed to get tougher on the iranian inspections. they needed to push harder and be tougher. and i have to say, at that time, standing there talking to officials there, it really raised eyebrows. if you are one of the united states' enemies, and nikki haley steps out of this position, then perhaps you breathe a tiny bit easier for a while until you see what comes next. >> other news -- other news, nic, coming in as we speak. these are notes from inside the oval office where the president is appearing alongside nikki haley, some speculation there has been about her running in 2020. she's putting that speculation to rest saying she's going to be campaigning for president trump in 2020. we have david gergen on the phone now. he's served four u.s. presidents, republican and democrat. describe how significant a loss this

agencies in vienna, specifically the international and i atomic energy agency, and she will be on the job shortly making our case there. sir. >> thank you, sir. the president came out in support of the two state solution at the u.n. and prime minister netanyahu responded that he is confident that israel will retain security control of the west bank under any white house plan. is that correct or are you open to a palestinian state with no security presence from israel inside their borders? >> we have been working as you well know on a peace plan involving israel and the palestinians. we'll be rolling it out in due course when we decide it is the most appropriate time do it. and i'm sure that will answer your question then. >> one last question. >> i actually did try to recognize this gentleman. i guess i didn't point accurately enough. my apologies. >> thank you. former secretary of state john kerry said that he has not met with the iranians since the u.s. pulled out of the deal, but he has met with them before. do you think he violated the logan act and was he subverting the policy of

international atomic energy organization they wanted to put pressure on the agency to derail the nuclear deal but the agency issued twelve reports confirming iran's complements this commitment under the nuclear deal the second phase what to put pressure on iran politically which the climax was in the united nations general assembly and security council meeting presided by president trump in visually saw that the americans went into more political isolation themselves by seeing and facing the. opposition from their even their own allies and the last one was a legal front between iran and the united states of which the ruling i think indicates that the americans have been more isolated and iran is trying to use these three fronts in order to make sure that it can also benefit the economic front as well while the americans are trying to put pressure on the other countries in order to make you run it can now make the isolated and i think this is this in the case the importance of the rolling of the i.c.j. which can help other countries in order to bypass the sanctions against iran and this c

officials say the spies were targeting anti-doping agencies along with the nuclear energy company and an internationalanization that was investigating chemical weapons in syria. the indictment says the hacking was often conducted remotely but agents would sometimes target their victims through wi-fi networks. we'll have more on this story as soon as it develops. join us on our midday newscast as well. >>> breaking news in washington, that's where top senate leaders in the judiciary committee are looking at the fbi report on supreme court nominee brett kavanaugh. a source tells nbc news correspondent the fbi contacted ten people, interviewed nine of them. the white house concluded the they do n they. at the top of the hour, nbc's "today" show will continue our coverage. >>> a visitor to san francisco saw firsthand a side of the city, a purse snatcher running down market street after targeting a woman. police not commenting. >>> this afternoon a huge drug bust will hit land. the coast guard docking what it caught. take a look at what 22,000 pounds of cocaine looks like. inside these bundles, pure cocain

energy. the agency manages the pension fund for former and current city workers. >>> walnut creek woman wants to have oakland internationalecome the only major u.s. airport named after a woman. timothy miller wants to change the name to maggie g international. she was born in berkeley and grew up in the bay area. as a little girl she would go with her family to watch the airplanes taking off and landing. when the world war ii began she joined the air force service program, also known as wasp and she says that they performed a very important service to help train new military pilots. >> that basically meant to taking up a small airplane and telling a target behind her and allowing the soldiers that were in training to shoot live ammunition at the airplane. >> mrs. miller has submitted a proposal for the name change to the port of oakland which owns the airport. she has not heard back yet. she is hoping that the petition drive it will encourage port officials to seriously consider her request. >>> new information to bring you in a sex abuse investigation involving priests 's. the new report that was released that includes n

and the international energy agency says renewable energy is going to slow to meet climate goals with carbon emissions actually growing for the second year in a row. this is your business update i'm headed home free i'm glad you could join me the noble economics prize is going to two americans and the topic is very current governments continuously encourage us to spend economies astroids to grow and we all have to be more productive but at what cost to the world we live in well this next pair of economists has won the on on quite a bit of cash for research linking economic growth and global warming lauding the prize to william nordhaus and paul ryan.