and through the ndc partnership we are supporting developing countries to develop their own commitmentsce— a political alliance of countries committed to accelerating the clean energy transition, including unlocking the private finances that are needed. that is why i was pleased to announce a scottishpower has awarded a £1 billion when fine turbine contract to siemans. part of the plan to support british engineering projects, which will inject growth into industrial heartlands and support 1300 localjobs around support 1300 local jobs around hull and support 1300 localjobs around hull and produce enough clean energy to power1 million homes. as well as the clean industry bonus scheme to support offshore wind developers invest in cutting—edge manufacturing and ports, boost greenjobs cutting—edge manufacturing and ports, boost green jobs and strengthen supply chains. and the launch of the new capital market mechanism in the london stock exchange — a joint effort announce today with our international partners and the city of london with the potential to mobilise up to $75 billion in addition

reputation as a climate leader with the uk's 2035 nbc reputation as a climate leader with the uk's 2035 ndcall greenhouse gas emissions by at least 81% on 1990 levels. >> well, at least he didn't promise to reduce sausages on this occasion. meanwhile, the president of azerbaijan himself had a different view , reportedly had a different view, reportedly hailing oil, gas and other natural resources as a gift of the god. i wonder if there were a way we could swap the reverend starmer with his azeri counterpart whilst he's out there. but joking aside, i'm joined now by the founder of erg, the climate think tank tom burke, to discuss the newly announced climate target. tom, thank you, as always for coming ourselves cold and poor. making ourselves cold and poor. >> if anything, we'll make ourselves a lot warmer if we do the right thing. >> so i'm not worried. >> so i'm not worried. >> a lot warmer if the temperature goes up. >> well, i was going to say we are definitely going to get warmer if we don't solve this problem. and also lots of other countries are doing things. it's not i mean, mr trump

>> we represent about 800,000 federal ndc government employees. >> to what range, what kind of things are they involved in? >> we are virtually in almost every occupation anywhere from scientists, doctors, nurses, dod workers, fema, department of education, bureau of prisons, border patrol. you name it, in the array and every occupation you can think of we represent those of the. >> you whether union so speak? >> corrects for any organization you have an appealing represent, and here of efforts of incoming administration when it comes to possibly future impacts on the workforce, what goes to mind and those you represent? >> of course there's a lot of uncertainty, okay? we know from the last administration when present elected trump was president we knew we had tough times, , okay? we know that people were fired for no apparent reason. we know that union representatives we wasn't able to represent employees that were represented. we are kicked out of our offices. a lot of things can directly at us. >> this time around though a whole new organization looking directly at this idea of cut

in the market, something that really brings the market down and you can hedge with liquid puts on ndc's that is what we do successfully. you do not need to hedge the old portfolio. you need to be able to find out what risk you need to take. you can hedge something much more cheaper appeared we do this with liquid assets. romaine: do we have any concern that we have not seen more downside hedging in this market? christian: one reason why volatility and equities is so low is a lot of people do hedging. that is nothing new. you need to be consistent with it because if you say i just hedge the first three months and after something happens, so you need to say what do i want to hedge, may be only the tail end of the portfolio. romaine: christian nolting at deutsche bank kicking us off on "bloomberg surveillance." black friday, you probably have not done any christmas shopping. i have done most of my shopping already. katie: that does not surprise me. you seem like someone who really gets ahead of things. romaine: i try to. i got a lot of solicitations in my email for discount. katie: so you

. >> uk's 2035 ndc target to reduce all greenhouse gas emissions by at least 81% on 1990 levels. >> he certainly doesn't set the room alight. he says he won't force brits to change their behaviour to reach net zero targets, but no petrol or diesel cars, air source heat pumps instead of boilers and paving over farm fields with solar panels does that sound? hands off to you? oh, and this very show made the news today. keir starmer was forced to respond to this clip of former labour adviser john this clip of former labour adviserjohn mcternan this clip of former labour adviser john mcternan from this clip of former labour adviserjohn mcternan from last night. >> if people if people if people are so upset that they want to go on the streets and spray slurry on them, then we don't need the small farmers on my panel tonight, it's the columnist and broadcaster esther krakue , immigration lawyer krakue, immigration lawyer stephen wolfe, and the former labour minister bill rammell. >> buckle up, bedtime crowd . >> buckle up, bedtime crowd. you're with bev. first, the very latest news headunes f