this is the business i'm joined on in berlin glad you can join the international energy agency has said that tackling climate change would be impossible if developing countries do not transition from fossil fuels like oil to clean energy speaking at the world economic forum held digitally this year the executive director. called for a massive growth in renewable energy investment saying it needs to multiply by quote a factor of 3 he said that almost all global emissions growth will come from developing countries in the next 30 years. let's bring in and head of the african energy chamber and jay welcome to the program 1st of all you're a representative of the energy industry how should climate action occur without hurting africa's oil dependent economies. climate change is a big problem across the world and i africa. in particular a call we doubt heard in african economies that is we have to factoring i need to transition week by using gas look at the massive gas discoveries in was a big you need as much as you want to finance renewables you do fat you finance gas to fast track these tra

this is the business i'm joined on in berlin glad you can join the international energy agency has said that tackling climate change would be impossible if developing countries do not transition from fossil fuels like oil to clean energy speaking at the world economic forum held digitally this year the executive director. called for a massive growth in renewable energy investment saying it needs to multiply by quote a factor of 3 he said about almost all global emissions growth will come from developing countries in the next 30 years. spring and head of the african energy chamber and jay welcome to the program 1st of all you're a representative of the energy industry how should climate action occur without hurting africa's oil dependent economies. climate change is a big problem across the world and i africa in particular it can a call we doubt heard in african economies that is we have to factoring and need to transition week by using gas look at the massive gas discovery scheme was a big you need as much as you want to finance renewables you need to fat you finance gas to fast track.

the international energy agency has lowered forecasts for global oil demand.has cut its first quarter estimates by 600,000 barrels a day. the iea is putting us on a fundamentally stronger view for the year. they say it will take longer for oil to recover because the new lockdowns in europe, -- because of the new lockdowns in europe. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. much more to come. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> it is pretty clear that the u.s.-china debacle is here to stay. but i think you will see a lot m

behind global warming and climate change held steady for the 1st time in 3 years in 2019 the international energy agency says that was thanks to a switch from coal power to renewables in advanced economies the united nations estimates that the world needs to reduce coal fired electricity by 2 thirds in the next decade to meet the goals of the parents climate change agreement right now our pursuit of coal is just unrelenting data from n. coal dot org shows that more than $50000000000.00 worth is being plowed into coal power projects right around the world china alone is contributing almost $40000000000.00 in financing projects from the united states to australia and rather than scaling back on coal powered electricity over the last 2 years china has added 43 gigawatts of the. pasti that's as much power produced by germany's coal generators also noteworthy from the financial data although germany has said it would eliminate its coal power stations it's spending more than a $1000000000.00 on projects from greece to india so this week we have correspondents in germany and australia to file films on berland

the international energy agency has lowered forecasts for global oil demand full-time it has cut first quarter estimates by 6000 barrels -- by 600,000 barrels a day. the iea says there are fundamentals on a global -- forecasters say it will take more time for oil to recover because of new lockdowns. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i am karina mitchell. this is bloomberg. tom? tom: as we have seen over the last number of days, really a churn to the markets. we are at the 31,000 level on the dow, 30,886. and the vix is telling, so i'm going to suggest middle of the range that the equity market has been an. yields at 1.1% on the 10-year, brent crude 55.43. i'm struggling here. i haven't looked at bitcoin. oh, francine -- i will let you quote bitcoin. francine: there is always something going on with bitcoin. i immensely enjoyed joe rise and thaw on twitter with his remarks. global markets are climbing ahead of the speech by treasury secretary nominee janet yellen. she is expected

the international energy agency has cut its first quarter estimates by 600,000 barrels a day. iea says the global vaccine rollout is putting us on a better trajectory for next year. sales for new roof vehicle records -- new vehicle registrations fell 20% in the second half of 2020, only enough to just make up for the collapse after the initial outbreak. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. ♪ ♪ >> we start from where the economy is today, and the truth is we are in a very precarious moment. the economy and the virus are spidering downwards -- are spiraling downwards, so now is the time to act. we know this is going to take a lot of work, and now is time to move forward. jonathan: president-elect joe biden's pick to replace larry kudlow as the director of the national economic council. for our audience worldwide, from new york city this morning, good morning to you all. the attention of the world on washington, d.c. the attention of thi

and wind are said to be the most sustainable sources of renewable energy in the solvent hemisphere the international renewable energy agency sees that over the past decade it costs for solar have dropped by 80 percent let us now go visit an energy provider that is building the biggest solar park in germany. these panels are pretty easy to install but there are thousands of them still to go . in the countryside near berlin germany's biggest solar park is taking shape. half a 1000000 modules built on metal frame. 100. posts . 250 kilometers of cable. 150 finishers working on behalf of one of germany's biggest energy companies. we definitely have the potential to complete projects of this scale but rather than size it's the viability of the project that counts. this solar park is the size of $225.00 soccer pitches facilities in europe tend to be smaller because they compete with agriculture for the land but solar parts alone aren't enough here in germany there are 19000000 apartment buildings and houses a lot of roof space. and an ideal place for solar panels. an entire industry has been built around installing. now adays the

and wind are said to be the most sustainable sources of renewable energy in the solomon hemisphere the international renewable energy agency sees that over the past decade it costs for solar have dropped by 80 percent let us now go visit an energy provider that is building the biggest solar park in germany. these panels are pretty easy to install but there are thousands of them still to go. in the countryside near berlin germany's biggest solar park is taking shape. half a 1000000 modules built on metal frame. 119 posts. 250 kilometers of cable. 153 working on behalf of one of germany's biggest energy companies. we definitely have the potential to complete projects of this scale but rather than size it's the viability of the project that counts for you. this solar park is the size of 225 soccer pitches facilities in europe tend to be smaller because they compete with agriculture for. but solar parks alone aren't enough here in germany there are 19000000 apartment buildings and houses the loss of roof space. and an ideal place for solar panels. i mean tired industry has been built around installing. now adays the systems ar

and wind to us it to be the most sustainable sources of renewable energy in the solvent hemisphere the international renewable energy agency says that over the past because it costs all solar dropped by 80 percent let us now go visit an energy provider that is building the biggest solar power in germany. these panels are pretty easy to install but there are thousands of them still to go . in the countryside near berlin germany's biggest solar park is taking shape. half a 1000000 modules built on metal frames. 100000 posts . 250 kilometers of cable. 150 fishers working on behalf of one of germany's biggest energy companies. we definitely have the potential to complete projects of this scale but rather than size it's the viability of the project that counts for you. this solar park is the size of 225 soccer pitches facilities in europe tend to be smaller because they compete with agriculture. but solar parks alone aren't enough here in germany there are 19000000 apartment buildings and houses a lot of roof space. is an ideal place for solar panels. an entire industry has been built around installing. now adays the systems ar

behind global warming and climate change held steady for the 1st time in 3 years in 2019 the international energy agency says that was thanks to a switch from coal power to renewables in advanced economies united nations estimates that the world needs to reduce coal fired electricity by 2 thirds in the next decade to meet the goals of the parents' climate change agreement right now our pursuit of coal is just unrelenting the data from any coal dot org shows that more than $50000000000.00 worth is being plowed into coal power projects right around the world china alone is contributing almost $40000000000.00 in financing projects from the united states to australia and rather than scaling back on coal powered electricity over the last 2 years china has added 43 gigawatts of the. pasti that's as much power produced by germany's coal generators also noteworthy from the financial data although germany has said it would eliminate its coal power stations it's spending more than a $1000000000.00 on projects from greece to india so this week we have correspondents in germany and australia to file films on burles

the international atomic energy agency confirmed iran has begun the enrichment process.n a report sent to member states, the u.n. nuclear watchdog earlier warned that tehran was stepping up activities. an expert says iran's latest move is meant to send a message, that it's not bound to any agreement. >> it is a tactic for the irthe use, showing they were ready to move even further. it is sort of a blackmail. i mean, it is sort of a threat that they're now trying to use. >> the expert added that there is a chance that european countries and the incoming biden administration will work together to address the issue, and that iran may temper its uranium enrichment. but until then, he says tensions will remain high. >>> staying with iran, the country seized a south korean flagged tanker in the persian gulf, claiming it violated environmental protocols. the revolutionary guard corps said on monday that the vessel had been transferred to a port in the untry's south. its 20 crew members have reportedly being detained. they include south korean and indonesian nationals. iran says

but now it says it aims to enrich to almost 6 times that number and has notified the international atomic energy agency the i.a.e.a. a day in a tweet iran's foreign minister said we regime is 20 percent enrichment as a legislated by our parliament the i.a.e.a. has been julie notified our remedial action conforms fully with paragraph 36 of the j c p a after years of noncompliance by several other participants are measures are fully reversible upon full compliance by all to european allies this act is beyond the terms of the vienna accord which when it was signed brought together britain france germany china russia and the us under then president obama's administration his successor president trump abandoned the deal in 2018 citing iranian noncompliance since then the europeans have been at the forefront of trying to ensure to abide by the terms of the deal helping to by trying to reduce the impact of u.s. sanctions its reaction to monday's announcement in brussels was clear if this announcement is going. it could be implemented and also meant to by the iranian authorities it would constitute a considera

forget is that no nuclear plant in the world 'd operates without the blessings of the international atomic energy agency the watchdog it is quite clear that some parts of the nuclear power plant are aging but regulators here tell us all it needs is a few years and an estimated $1200000000.00 of commissioning and it will be as good as brand new. but there are also those in government who see that but the and nuclear power plant belongs to a bygone era there's already a big push back on nuclear technology itself now you get a jump start the bad which is all in embroiled in controversy we don't want to start a nuclear program in the wrong for we want to start it in the right for environmental activists also believe that the government should focus on producing clean energy instead like wind and solar but whether but to and will be recommissioned by president or to go to 30 or not one thing they say is for sure the energy crisis in the country is a social justice issue and one that may worsen if there is no investment in the country's energy system similarly dugit al-jazeera but on province northern philipp

the united nations' international atomic energy agency said iran had informed its inspectors of the decisia letter received yesterday. iran has reached thileveof enrichment before, but stopped after the country agreed to the 2015 joint comprehensive plan of action kno as the iran nuclear deal. president trump withdrew the u.s. from that agreement in 2018. 20% purity is well below the 90% purity needed for weapons, but it far exceedshe limits by the 2015 deal. the announcement comes one day ofore the first anniversa the assassination of iranian general qassem soleimani, which sihas raised ts between washington and tehran. on hill: for the latest na and international news, visit www.pbs.org/newshour. >> hill: as we wrap the holiday season, we want to bring you more from our team of producers and reporters here at newshour weekend. hari sreenivasan spoke producer laura fong about some en the segments she's working on throughout the year. >> sreenivasan: laura, one of the things that we noticed early into lockdown, was schools shutting down, and graduates-- especially high school graduates-- h

the international energy agency says the world will return to unsustainable levels of fossil fuel demand governments do not develop more clean energy policies. the executive directors spoke to bloomberg about oil and lng demand and the plan to reach ned zero by 2030. >> we have a choice as thernments and citizens and energy industry. either we are going to live in planet that is almost nothing to do with the planet we used to know or we are going to change how we produce and use energy. more cleanmake energy technologies ranging from to hydro cars and nuclear energy. we have to reduce the share of fossil fuels in our energy to toption if we are address our climate problem. tom: how big a turning point was the pandemic in this process? how big a catalyst libya for change? to think we ever get back 2019 levels of demand for crude? herhe pandemic beyond control -- being under control, we will see oil demand will be where it was before the crisis unless governments do not put new energy policies in place such as giving a big incentive for electric cars. oil wouldt to see how look like after

and wind are said to be the most sustainable sources of renewable energy in the solomon hemisphere the international renewable energy agency says that over the past dick it costs for solar dropped by 80 percent let us now go visit an energy provider that he's building the biggest solar park in germany. these panels are pretty easy to install but there are thousands of them still to go. in the countryside near berlin germany's biggest solar park is taking shape. half a 1000000 modules built on metal frames. 100. posts. 250 kilometers of cable. 150 fishers working on behalf of one of germany's biggest energy companies. we definitely have the potential to complete projects of this scale but rather than size it's the viability of the project that counts for you. this solar park is the size of 225 soccer pitches facilities in europe tend to be smaller because they compete with agriculture for the land but solar parks alone aren't enough here in germany there are 19000000 apartment buildings and houses the loss of roof space. and an ideal place for solar panels. and entire industry has been built around installing. now adays the

nuclear deal but it is under the 90 percent required to build a nuclear weapon the international atomic energy agency says it's inspectors are monitoring activities and will submit a report like to. you has the latest from tehran iran has begun initial steps to take start the 20 percent enrichment at.

and wind are said to be the most sustainable sources of renewable energy in the solvent hemisphere the international renewable energy agency says that over the past because it costs for solar have dropped by 80 percent let us now go visit an energy provider that he's building the biggest solar park in germany. these panels are pretty easy to install but there are thousands of them still to go. in the countryside near berlin germany's biggest solar park is taking shape. half a 1000000 modules built on metal frame. 119 posts. 250 kilometers of cable. 150 fisher is working on behalf of one of germany's biggest energy companies. we definitely have the potential to complete projects of this scale but rather than size it's the viability of the project that counts for you. this solar park is the size of 225 soccer pitches facilities in europe tend to be smaller because they compete with agriculture. but solar parks alone aren't enough here in germany there are 19000000 apartment buildings and houses the loss of roof space. and an ideal place for solar panels. an entire industry has been built around installing. now adays the syst

now, in a letter to the international atomic energy agency, iran says it intends to produce low-enriched uranium with more purity but far below the 90% that is considered weapons grade. now, last month, iran's parliament called for the increased-enrichment levels, in response to the killing of its top nuclear scientist. >>> and in the coming hours, of course. protests are expected at the site where iranian general, qassem soleimani, was killed nearly one year ago. friday, a statue of him was unveiled at tehran university. soleimani, the former head of the islamic revolutionary guard quds force was killed by a u.s. drone strike, january 3rd, 2020. that upcoming anniversary has increased the saber rattling. the u.s. says the potential of an attack from iran is now the highest it's been since his death. it's flown nuclear-capable b52 bombers twice in the past month as a show of force. >>> coming up on cnn "newsroom." a doctor who's been warning the u.s. about the danger of the coronavirus now has it. she tells us how she and her family are coping. >>> plus, the search for new ways to recycl

nuclear deal but it is under the 90 percent required to build a nuclear weapon the international atomic energy agency says it's inspectors are monitoring activities and will submit a report like to. you has the latest from tehran. iran has begun the initial steps to take start the 20 percent enrichment at fordo facility this is the one of the 2 facilities that is capable of enriching uranium the other one being. the government spokesperson said that this took place at the order of the president this morning and this is something that even though the president had not agreed to this was part of a bill that was passed through parliament in early december due to the fact that iran has seen no sanctions relief since the u.s. withdrew from the nuclear deal in 2000 and now under the nuclear deal of 2015 or the j.c. pure way as it is known iran is allowed to enrich uranium at 3.67 percent that is the cap but since 2019 iran has taken 5 steps to reduce its commitment to that deal because they say the u.s. withdrew from it and imposed sanctions so they're going to slowly cut back on their commitments the step

iran told the international atomic energy agency about its decision on thursday. the new enrichment level is far below the 90% considered weapons grade and iran has repeatedly denied plans to build nuclear bombs. last month the iranian parliament called for the increased levels following the killing of its top nuclear scientist in november. and the u.s. and iran have been rattling sabres with implied threats in the persian gulf as well. sunday marks the first anniversary of the death of general suleimani in a drone strike and the potential of an attack from iran is the highest since his death. the u.s. has flown nuclear capable b52 bombers twice in the past month as a show of force. >>> still ahead on cnn, field hospitals are on standby in england as the nation struggles to contain the new variant of the coronavirus. a live report from london. that's next. >>> also, the chinese city of wuhan was ground zero at the beginning of the coronavirus pandemic. now we'll look at how far it has come since, when we return. os. they know exactly which parking lots have the st

forget is that no nuclear plant in the world operates without the blessings of the international atomic energy agency the watchdog it is quite clear that some parts of the nuclear power plant are aging but regulators here tell us all it needs is a few years and an estimated $1200000000.00 of commissioning and it will be as good as brand new. but there are also those in government who say that but the and nuclear power plant belongs to a bygone era there's already a big push back on nuclear technology now you get a jump start which is all it embroiled in controversy we don't know. to start their nuclear program in the wrong foot you want to start in the right for environmental activists also believe that the government should focus on producing clean energy instead like wind and solar but whether but to and will be recommissioned by president or to go to 30 or not one thing they say is for sure the energy crisis in the country is a social justice issue and one that we worsen if there is no investment in the country's energy system to get al-jazeera but on province northern philippines one of the world

but now it says it aims to enrich to almost 6 times that number and has notified the international atomic energy agency the i.a.e.a. in a tweet iran's foreign minister has said we regime is 20 percent enrichment as a legislated by our parliament the i.a.e.a. has been julie notified our remedial action conforms fully with paragraph 36 of the j c p a after years of noncompliance by. several other participants our measures are fully reversible upon full compliance by all to european eyes this act is beyond the terms of the vienna accord which when it was signed brought together britain france germany china russia and the us under then president obama's administration his successor president trump abandoned the deal in 2018 citing iranian noncompliance since then the europeans have been at the forefront of trying to ensure tehran abides by the terms of the deal helping to by trying to reduce the impact of u.s. sanctions its reaction to monday's announcement in brussels was clear if this announcement is going to be implemented and also went to the iranian authorities it would constitute a considerable depar

oil, international energy agency says demand for oil will be lower this year.omy will pick up because of the stimulus, so investors are piling into crude with an upside. government money is coming. president-elect biden campaign promises they are coming back to bite him even before he takes office be met first 100 days, no one will be deported. >> europe president will help giving us 100 days to get to the us and gave us legal paper to get a better life. stuart: okay. he made that promise and now this is an immediate crisis facing incoming president biden. in my opinion it's a crisis bought on by the democrats themselves. more on that ahead the 11:00 o'clock hour. or something else that may make you angry, democrat congressman steve: suggested trump supporters within the national guard quote might want to do something to biden during his inauguration. weight tool you hear what else he has to say, truly outrageous. we will be right back. ♪♪ stuart: investors, if you're just joining us, you will like what you see. am calling it a yellen rally. look at netflix, th

again participate at the international level for the united states so we can lead in clean energy internationally but it's also about making sure that every one of those agencies is rebuilt and is able to take their part in addressing the climate crisis. so we're going to look at procurement, we're going to look at budgets, policies, rebuilding this country and strengthening the federal government so we can provide the leadership, not just that science demands but people demand. we have to protect people again, get them safe and secure. know that they have a future that they can leave to their children, that they're going to be proud of. >> mitch mcconnell referred to the green new deal in talking about the president's executive orders on the floor of the senate this week. i want to ask you something about this part of what he said. >> shouldn't be this way. not with a president who campaigned on the union jobs that left once to eliminate. the president was not elected to enact policies that prompted certain young congresswoman from new york city to boast online that her radical ideas are shaping his energy policies. this piecemeal green new deal is the wrong