international energy the called cop26. international energy agency is the international energy agency is warning the world needs to spend trillions of dollars more on new sources of clean energy in order to have agreed targets on climate change and it says without this investment is a risk more sharp price changes for energy globally. less of this and more of this. the international energy agency says we need to drastically change the way we generate energy. glasgow is preparing to welcome world leaders later this month for a crucial climate summit as they try to limit the rising global temperatures to 1.5 degrees above preindustrial levels. the international energy agency says for that target to be met, spending on clean energy projects must reach $4 trillion a year by 2030. the pandemic has hindered efforts to cut down on coal and oil and this year the world is on track to record the second largest increase in emissions in history. it comes as energy prices hit record highs and there are warnings of further price hikes to come. the iea said renewab

i, myself, my colleagues in the international energy agency, and many other people will do everythingobody will be immune to the change in the energy sector. we are going to a direction where the clean energy transition will be the name of the game in the energy markets in the years to come. fatih birol, i thank you very much for joining me on hardtalk. thank you very much, thank you. hello. with a number of weather and flood warnings in force where it's been so very wet, it's certainly worth keeping across those if you've got travel plans going into the weekend. a weekend which will bring more rain at times, but not all the time. there'll be some sunshine, too. saturday, for many, looks like a fine day. quite windy this weekend, and it will turn a little cooler. the low pressure very much in charge, but the frontal system that's brought so much rain does clear away during friday. another one with rain overnight and clearing early on saturday, but then a stronger area of low pressure with more rain and wind for part two of the weekend on sunday. this is how things are starting off on

that's the calling from the international energy agency. it says the world is set to miss its net 0 target by 2050, by 60 percent. the united nations as recall to senior officials working any feel peer because of concerns about their safety. it comes after an unverified recording surfaced in which to work is say, un officials sympathize with rebels intake, right? and a, hollywood star who inspires generations with the idea of exploring how to plan it is about to head into space. contracts. william shatner is on board a blue origin spacecraft, which is due to live tom very shortly from van horn in texas. william shatner will become the oldest person to go to the edge of state. we're bringing that live event as it happens here on out here. mr. good, are the world news in the meantime, and more than 250 palestinian prisoners from islamic jihad to have started a hunger strike. prisoners say they have been facing further punishment after 6 inmates tunnel their way out of a maximum security jail. last month, neither ibrahim has more from ramallah

that's the urgent call from the international energy agency. in its latest report, as it stands, the world is 60 percent short of its target to cut emissions to net 0 by 2050. that's what needed to limit global warming to 1.5 degrees. the i yea says the use of fossil fuels like coal and oil is increasing. as a result, energy prices have risen to record levels. well, the e u is being particularly badly hit by the soaring prices. it's been laying out a plan to protect people facing huge bills are answered do what should be done, is to fight 1st, our immediate priorities to protect your consumers, especially the most by nap. second, we have to make aware into system better prepared and more resilient. so that we don't have to face a similar situation in the future. the short term member states are best placed and equipped, wrapped a designated by den, protecting consumers is a longstanding g u priority. so it means that our rules already allow and in fact encourage the member states take action. natasha butler joins us live now from brussels. nata

the international energy agency says trillions of dollars more must be spent globally, on new sources hit agreed targets on climate change. courtney bembridge reports. less of this, and more of this. the international energy agency says we need to drastically change the way we generate energy. glasgow is preparing to welcome world leaders later this month for a crucial climate summit as they try to limit the rise in global temperatures to 1.5 degrees above preindustrial levels. the international energy agency says for that target to be met, spending on clean energy projects must reach $4 trillion a year by 2030. it is very, very clear, in terms of what areas of our energy economy we need to accelerate materially versus where we need to start pulling back, and i think it is a really helpful summary to show the extent to which we really need to drive renewable investment quite heavily over the coming period. the pandemic has hindered efforts to cut down on coal and oil and this year the world is on track to record the second largest increase in emissions in history. it comes as energy p

that's the urgent call from the international energy agency. in its 1st report. as it stands, the world is 60 percent short of its target to cut emissions to net 0 by 2050. for our years as the use of fossil fuels like coal, them, oil is increasing. as a result, energy prices have risen to record levels. the e e was being particularly badly hit by the soaring prices. it's been laying out a plan to protect people facing huge energy bills are answered. do what should be done is to fight 1st, our immediate priorities to protect europe's consumers, especially the most vulnerable. second, we have to make a venture system better prepared and more resilient, so that we don't have to face a similar situation in the future. and the short term member states are best placed and equipped duct a designated by den, protecting consumers is a longstanding yield priority. so it means that our rules already allow and in fact encourage the member states take action. schools and businesses in hong kong had been closed as tropical storm compasses sweeps through, bringing heavy rain a

that's the call from the international energy agency. it says the world is set to miss its net 0 target by 2050, by 60 percent. and the telephone's calling on the international community to unlock and billions in funds, which it says risk undermining security. it's acting foreign minister, is meeting us and european envoys here in kata. the united nations has recalled to senior officials working in ethiopia because of concerns about their safety. it comes after an unverified recording surfaced in which to un workers, se official, sympathize with rebels in to grime. the investigation into that recording comes days of the ethiopian, expelled at 7 un employees, accusing them of meddling. the un secretary general is calling on ethiopia to allow unrestricted access to deliver humanitarian aid to, to gray, where the government is fighting rebels. malcolm web is following the story from nairobi. the audio recording, which was published online to women, can be heard saying that they work for the u. n. in ethiopia, speaking to a freelance journal

we start with a stark warning from the international energy agency. it says the world needs to spend trillions of dollars on new sources of clean energy to hit green targets on climate change stopping at added that without this investment there is a risk of more turbulence in global energy markets. the iea says spending on clean energy projects needs to reach $4 trillion a year by 2030 if the world is going to limit the rise in global temperatures to 1.5 celsius. that is the target that governments are working towards and a major climate summit in glasgow at the end of this month. the iea also believes any spending required on renewable energy can pay for itself and create 26 million jobs by 2030. joining me now is alan fraser, partner and energy, fraserand alan fraser, partner and energy, fraser and resources. it's good to have you with us. the report highlights the shortfall in action, does it set out what practically can be done to improve the projections? i done to improve the projections?- done to improve the projections? i have seen effectively _

and government must triple their spending as the urgent call from the international energy agency in its latest report. as it stands, the world is 60 percent short of its target to cut emissions to net 0 by 2050. he i . e a says the use of fossil fuels like coal and oil is increasing. and as a result, energy prices have risen to record levels, or the e. u has been badly here. it's been laying out a plan to protect people facing huge bills or answer do what should be done, is to fault. first, our immediate priorities to protect your consumers, especially the most vulnerable. second, we have to make aware inches, is them better prepared and more resilient? so that we don't have to face a similar situation in the future. the short term member states are best placed and the crypt duct addressing. and i did my work done. protecting consumers is a longstanding your priority. so it means that our rules already are low, and in fact encourage the member states take action. schools and businesses in hong kong have been close as tropical storm compare. so sweeps through, bringing heavy rain and

as europe clamors for natural gas, a report by the international energy agency warns that the world isependent on fossil fuels. calling for trillions to be spent on clean energy. ahead of the lemon summit in scotland next month, the head of the agency tells the bbc it is up to the government to incentivize clean power. courtney has more. >> less of this and more this. the international energy agency says we need to drastically change the way we generate energy. glasgow is preparing to welcome world leaders this month for a crucial climate summit as they try to limit the rise in will temperatures to 1.5 degrees above preindustrial levels. for that target to be met, bending on clean energy product -- projects much desk must reach $4 trillion globally. >> there is no problem in terms of this and in europe and north america, clean energy project and the capital we need. the issue is emerging countries. >> the pandemic has hindered efforts to cut down on oil and coal and the world is on track to record the second largest increase in emissions in history. it comes as energy prices hit record

solutions . natasha butler, i'll just sarah brussels. amid the ongoing power crisis, the international energy agency says in his light is report. switching to clean energy sources is urgent to ensure stable supplies. it warns progress on this front is far too slow, and governments must triple they spending the world is 60 percent short of its target to cut emissions to net 0 by 2015. that's what's needed to limit global warming. to 1.5 degrades the i. e a says the use of fossil fuels like coal and oil is increasing. fatter. b roll is the executive director of the international energy agency. he says it's incredibly important for governments to make strong commitments at these upcoming climate summit in glasgow. we have only a few days until the climate summit, verge climate summit in glasgow, and in, in the u. k. a. there is a bit of confusion that some tried to portray this current at high energy prices. is the 1st crisis of clean energy transition. and this is inaccurate and to affair, this has nothing to do with decrease energy. it is mainly driven by the, as i said, the huge growth coming across

that's the urgent car from the international energy agency in its latest report. as it stands, the world is 60 percent short of its target to cut emissions to net 0 by 2050. the i. e. a says the use of fossil fuels like coal and oil is increasing. and as a result, energy prices have risen to record levels. while the e. u has been badly here. it's been laying out a plan to protect people facing huge bills are answered do what should be done? is to fault. first, our immediate priorities to protect europe's consumers, especially the most vulnerable. second, we have to make our into system better prepared and more resilient, so that we don't have to face a similar situation in the future. the short term member states are best placed, and the crypt duct addressing and i to barbara dunn. protecting consumers is a longstanding you priority, so it means that our rules already allow and in fact encourage the member states take action. here is natasha. butler has more from brussels use energy commissioner laying out was she called a to bulk a number of recommendations and s

well, the international energy agency is calling for governments to triple there are spending on clean energy or extreme market volatility will continue. it says nearly 4 trillion dollars must be put into renewable energy by 2030. natasha butler has more now from brussels. reducing taxes on energy bills and financial help for poor households were among the recommendations laid out by europe's energy commissioner to help member states shield consumers across the block from spiraling costs. our immediate priority is to protect europe's consumers, especially the most vulnerable. second, we have to make our inches system better prepared and more resilient, so that we don't have to face a similar situation in the future. natural gas prices have soared in europe in recent weeks, partly driven by a certain demand. as countries emerge from loc downs, natural gas accounts for a quarter of the european union's energy needs. the majority of that is imported into the block from countries including how derrier, norway and qatar, but mainly russia. some say that the kremlin is fueling the price rise

that's the urgent call from the international energy agency in its latest report. as it stands, the world is 60 percent short of its target to cut emissions to net 0 by 2050. that's what's needed to limit global warming to 1.5 degrees celsius. the r e a says the use of fossil fuels like coal and oil is increasing. as a result, energy prices have risen to record levels. the organization describes this as advanced warning of the risk of moving too slowly towards renewables. it's calling $44.00 trillion dollars of investment in the next decade, which is says could create $26000000.00 jobs as bringing natasha butler joyce. this lie from brussels. you at the european commission in brussels, natasha, or the rising energy prices, of course, very much a concern in europe right now. and the commission is you to make recommendations to members face to cope on how to cope with the energy crisis. what can we expect? yes, we're waiting to hear from at the energy commissioner here i had the european union headquarters. she is expected to outline some a recommendations guidelines

that's a call from the international energy agency. it says the world is set to miss its met 0 target by 2050 by 60 percent. well let's talk about this with cornelia meyer, who's the chief executive officer of my resources, an oil and gas specialists. thank you very much, cornelia for being with us. joining us from switzerland. so the i yay says 4 trillion dollars of investment in clean energy is needed in the next decade. first of all, what do you make of this are bought and how realistic and achievable is? well, i think, you know, it's a d, i a has stung the numbers on. if we want to get to net 0 by 2050, what it will take them, they have come to the conclusion. got 8. so that only about a 3rd of what is needed to be invested in renewable energy has been invested. so it needs to be up by 2 thirds to get where i look at it. it may not be, it may be realistic in terms of europe where, you know, with the, with the green deal it's, it's, it's very focused on being the 1st climate. the net 0 continent is much less real is the developing w

that's the calling from the international energy agency. it says the world is set to miss its net 0 target by 2050, by 60 percent. well, from one that i spoke to will stephan, who's the climate change expert at the australian national university and explains why the world must move fast on renewable energy. this is a very important report. it's saying that if we want to make the paras climate goals, we have to move very quickly and very decisively now toward renewable energy. or there's a lot of interest course in net 0 emissions by 2050. but i think the real focus in this report makes it clear that we have to think of the near term targets. we need to think about it getting our emissions down by 2030 very rapidly and very deeply. so this is a report from the sector itself saying we've got to move fast and the source of these pledges are need to be moved up. i mean, shortest of as a pledge for reaching net 0 before 2060, that's pretty far down the track. a lot of western countries have nuts to about 2050 targets. i think we really need to f

that's the coal from the international energy agency. it says the world is set to mere sid's net 0 target by 2050. by 60 percent . the use top the bricks that official has proposed to remove. many of the customs checks between britain and northern ireland as a trade dispute, intensifies earlier the u. k. bricks that minister called for tearing up the protocol that's created, tried checks between great britain and northern ireland. for more in the story lives bringing andrew siemens to join us live from belfast. hello. the andrew northern island says the use proposals are a starting point. but what more do we know about these discussion? will we do know is that there's resistance to the proposals, even though that promising solution effectively to the problems of custom checks on the irish c border and all the other regulations of it. let's go straight now to the leader of the democratic unit as party here. of the northern ireland assembly jeffrey donaldson. what is the, what is the problem? because the a so the assurances from the europe

a warning about our warming planet, c, international energy agency says trillions must be spent now on clean energy to limit climate change. taliban officials fell. western envoys using sanctions to fresh of m poses a threat to afghanistan. security also this our, the european union and the u. k tried to solve the impasse on trading agreements in northern ireland and boldly going where no 90 year old has gone before a canadian actor william shatner is heading into straits. i'm joanna roscoe with the sports the international and pick committee rules out putting pressure on china over their human rights record out of the aging winter games saying it's not in their remit. ah, thank you for joining us. progress towards clean energy is far too slow and governments must triple, they're spending as the urgent calling from the international energy agency in its latest report. as it stands, the world is 60 percent short of its target to cut emissions to net 0 by 2050. that's what's needed to limit global warming to 1.5 degrees celsius. the i. e. a says the use of fossil fuels like call and oil

the international agency warns the world is not investing enough for future energy moves.esting in green energy such as solar and winds is falling short of what is needed to keep the planet from warming up. at the same time, the i.a. says spending on natural gas and coal dust continue. global news, 24 hours a day, on air and @quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. ♪ >> the fact is that if there are fewer dollars to spend, there are choices to be made, and members have said let's get the results that we need, but we will not diminish the transformative nature of what it is. jonathan: there are choices to be made. speaker pelosi in washington. from new york city this morning, tom keene, lisa abramowicz, and jonathan ferro. we are up 12 points going into numbers for jp morgan. the cpi in america, 8:30 a.m. eastern time. yields in. the curse of been flatter. we had 1.60. now we are back on 1.5629 on a 10-year yield, tom. crude holding onto that $80 handle, -.6%. tom: did

. >> woodruff: the head of the international energy agency warned of a global energy crunch that could slow the recovery from the pandemic. the head of the international energy agency warned of a global energy krurn that could slow the e the root causes: demand and high prices. nick schifrin has more. >> schifrin: we're in the midst of an energy crunch perhaps unlike we've ever seen. in the u.s., the price of natural gas has more than doubled. in europe, it's increased more than four-fold. the price of crude oil has gone from an all time low of, minus $37.63 in april last year to over $80 a barrel today, the highest it's been since 2014. and the pain is universal, from the consumer in france to the factory owner in china, which for its own reasons, launched unprecedented power cuts. >> ( translated ): if you go to the poorer areas where there is suffering, no one puts on the heating because everyone knows they won't be able to pay for it. >> ( translated ): the power curbs lasted for four days. to be honest, we can afford it, but if it goes on longer the costs are too much and we won't

that's the call from the international energy agency in its latest report. as it stands, the world is 60 percent short of its target to cut emissions to net 0 by 2020, 2050. rather. that's what's needed to limit global warming to 1.5 to grace. los angeles port will now operate a round the clock. it's part of an intervention by u. s. president joe biden to ease a huge backlog of supplies. the taliban calling on the international community to unblock billions in funds, which it says risk undermining security. it's acting foreign minister is made to us and european envoys here in cut. the united nations has recalled to senior officials working in a few years because of concerns about their safety. it comes after and on. verified recording says, is stand which to you and work is say, officials sympathize with rebels in to grind and islands. foreign minister says the you is to remove the majority of customs checks between britain and northern island . it comes as the u. k. asked the blog to re rise the part of the bricks. it deal that's created checks. protest is

a warning about our warming planets, the international energy agency says trillions must be spent now on clean energy to limit climate change. taliban officials tell western envoys using sanctions to pressure them poses a threat to afghanistan. security oh.

shery: the international energy agency today coming out and saying there hasn't been enough investmentture energy needs, and there needs to be more spending on green energy and fossil fuels. not surprising that energy demand is expected to surge in the poorest parts of the world like india and nigeria, and only 5% of indian homes have ac. nine out of 10 homes in the u.s. have ac. so there is a very big and wide gap in equity when it comes to energy use and also the impact of climate change as well, as we head toward prop 26 in glasgow. we continue to hear the voices from more developing nations. emphasizing how important it is to allocate capital to lower the mitigation costs and investment to help adapt to climate change, emphasizing a just transition that needs to take place. we will continue the conversation as we head toward prop 26 in glasgow. amazon appears to be escalating the fight for the skies as they look to find more cargo in-house. we have more details, next. this is bloomberg. ♪ shery: bloomberg has learned that amazon is shopping for used long-range cargo plane as the co

alina burbock, accused moscow of black mailing europe by limit tanks, gas supplies. despite international energy agency calls to pump more buds, the ration energy firm notes, it's meeting all contractual obligations in their entirety. and rash and gas may become even more in demand as europeans dont want production in their own backyard . here is that a nick, just north of berlin. a company looking to tap it's natural gas reserves, but not of locals get their way. gas production just doesn't fit into the regional concepts. it doesn't fit the time. it doesn't fit the climate crisis. many anti fossil activists demand more renewables, but even with europe's extremely generous green subsidies, they're still just 15 percent off the energy mix, none to mentor renewables, notorious unreliability. when to when stops low ink or the sun doesn't shine. well, there's another problem to grieve power paisley good in theory, but look at this reality that can be other problems you wouldn't think of. germany tries to ramp up its renewables right now, but it's been forced to suspend the use of 19 turbines because the sa

it used to think it was the head of the international energy agency has cited russia, has a substantial scope to ease europe's energy crisis of vladimir putin early. a pledge to ramp up russia's gas supplies to europe and announcement that com, the market somewhat after a record price search. although right now the gas price is still $5.00 times higher than it was at the start of the year. the crisis has been stoked by multiple factors including a wind power shortage on depleted gas reserves. and it's going to mean soaring bills from millions of households all across europe. some ag politicians have pointed the finger at russia's gas from accusing it of manipulating the market to push through the approval of the nor stream to gas pipeline. but vladimir putin is pledged to boost gas supplies, appears to have lessened these concerns in the western media. have a listen to this at russia wants it to be approved. but i don't think much is really doing anything wrong here. you know, europe has a supply crunch. russia has the gas to supply it. russia does instantly benefit from care for the ma

alina burbock, accused moscow of black mailing europe, by luma tanks, gas supplies. despite international energy agency calls to pump more buds, the ration energy firm knows its meeting all contractual obligations in their entirety. and russian gas may become even more in demand as europeans dont want production in their own backyard. here is that a nick, just north of berlin. a company looking to tat action just doesn't fit into the regional concepts. it doesn't fit the time. it doesn't fit the climate crisis. many anti fossil activists demand more renewables. but even with europe's extremely generous green subsidies, they're still just 15 percent off the energy mix. not to mention renewables, notorious unreliability. when to wind stops blowing or is sun doesn't shine holes green power looks good in theory, but it seems there are hidden unexpected perils too. as germany tries to ramp up its use of renewables, it's been forced to suspend the use of 19 wind turbines. after one collapsed forest in western germany, just hours before it was supposed to be officially launched. the 240 meter tall structure w

but if you're so determined to send that message, why is it that, according to the international energy agencyia is providing less gas to europe today than it did before the coronavirus pandemic? and the iea believes russia could, quote, definitely do more to increase gas availability to europe. why aren't you? gazprom has in fact started pumping out from its reserves into the pipelines to stabilise the market. i believe the demand skyrocketed against the background of very slow winds that in many ways negatively affected renewables, especially in northern europe and in great britain, for that case, in the uk. i am not an expert here. i do recognise that there are such sentiments widely spread out, but i'd also refer to it as an element of what we believe is an in—and—out information war that the west continues to, you know, rage to apply on russia on all sorts of pretexts and in all sorts of situations. well... you believe we are always to be blamed for everything. we know this. we work deliberately, quietly, soberly towards stabilisation. it's not in our interest to rock the boat further. yo

the international energy agency says trillions of dollars more must be spent globally, on new sourcesry. it comes as energy prices hit record highs and there are warnings of further price hikes to come. since the paris agreement was signed four, five, - the iea says renewable energy spending would pay for itself and create 26 millionjobs by 2030. courtney bembridge, bbc news. we have been looking at the six contenders for the price which will be awarded tomorrow. the shortlist includes a cambridge and a mixed office and residential development that at one point was earmarked for demolition by a london council. todayit demolition by a london council. today it is the turn of the windermerejetty museum in the registry. it is the first contemporary building over 50 years. ifound it an enormous privilege being trusted to imagine a building in such a beautiful setting. this building is intentionally a very atmospheric visitor experience. i'm rowan seaford. i'm an associate director at carmody groarke. i'm andy groarke, of carmody groarke architects, and we are the architects for the winderm

let's turn to climate change and the international energy agency says the world needs to invest much rs on clean energy and infrastructure by 2030 to hit the agreed targets on climate change. that's three times, what countries spend currently. ellen fraser is an energy consultant. it's very, very clear in terms of what areas of our energy economy need to excellerate materially versus where we need to start pulling back. i thinks it's a really very helpful summary to show the extent to which we need to drive renewable investment quite heavily over the coming period. this isn'tjust about hitting climate targets — its connected to the current problems with high prices for fossil fuels, too. the iea says that without investment in clean energy — there is a risk of more sharp price changes for energy in general. it says the pandemic has hindered efforts to cut coal and oil use — with 2021 on course to see the second biggest increase in co2 emissions ever. part of the problem is that demand for energy is increasing as the world economy recovers. thiery bros is a professor at the french univ

have to escape climate change in avoid sharp increases in fossil fuel, the warning of the international energy agencyin green energy is what is needed to meet climate targets. at the same time, fossil fuel spending is more than efficient to be the demand. china's export search to a new record in september. strong demand in advance for the holiday shopping season outweighing the shortages across the country. exports grew 20% from earlier, beating economists expectations. the house has approved a short-term increase in the u.s. debt limit, sending the conversation to president biden days before the treasury says that will run out. they are delaying a conversation on debt and spending for two months time. the u.k. says protocol is harming the region and has to change. they call for the current agreement to be replaced. frost did leave room for compromising the u.k. is prepared for conversations without triggering a trade war. global news, 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2,700 journalists and analysts in more than 120 countries. i am laura wright. this is bloomberg

federal bureau is the executive director of the international energy agency, which is calling on governments to triple. they're spending on clean energy in its latest report. he joins us live from paris. hello, their 1st up, what's behind the global energy crisis and what needs to be done? in the immediate 10? i think d, a van will look at the global energy markets today. v c, guess coal and electricity prices are going up and up. and this is mainly driven by layers strong growth in a global economy. and the global economic growth needs energy and therefore missy, especially guess and cold demand cleaned up. and at the same time, we are seeing a lot of disruptions on the production on the supply side. lots of plant and on plant outages, as it is out of maintaining airports in south as it is in others, floating into others. ad drugs is also becoming a problem. so putting this big growth in the demand together with the on the supplier production site to production facilities. a lot of disruption being such this high in nature guess process and it is time in my view, major gas producers and som