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tv   Counting the Cost  Al Jazeera  July 24, 2022 6:30am-7:01am AST

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quest, the supermarkets through the stock, local, you know, lease that you us based off. we're gonna have a tough time because we keep our wages of so much higher farmers think it's a small price to pay to preserve local jobs and farm land. kristin: silly me al jazeera cedar though new jersey, more than a 100000 people have flocked to the u. s. city of san diego for the largest comics i find fancy event in the world is the 1st time san diego comic con has been held full scale in 3 years. organizes how to curb activities during the height of the current of ours pandemic this year. cause play is finally got that child's dressing up as their favorite color. but tv and movie characters. the conventional so draws hollywood head, weights, and actors it's, it's a family atmosphere here, we're all fans. and the idea of if you can get a little bit closer to the character you're in love with or you associate with, with watching television. it makes you feel good. i mean, i don't know anybody that leaves comic con, not smiling their head on. so that's the experience. that's what we want to enjoy
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here. and then if we can give it to little kids, we'll do it all day. so we're out here a couple hours a day taking pictures. ah, is out there, and these are the top stories. ukraine's military says russia has attacked its main porton and as a lesson 24 hours off to moscow, and keep agreed to release grain exports from ukraine. some ports russia denies. the claims for the u. s. secretary of state is also blaming moscow, saying the attack cost out on how committed the russians ought to fridays to the world health organization declared the monkey pox outbreak. a global health emergency. it's the highest allergic in issue. more than 16000 cases of the virus have been reported across more than 70 countries. we have an outbreak that has spread around the wood rapidly through new modes of transmission about which we
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understand truly to and which meets the criteria in the international health regulations. for all of these reasons, i have decided that the global monkey pox outbreak represents a public cold emergency of international concern. there's been more fighting between rival on groups in libya, violence and the city of miss rata on saturday followed battles in the capital, triply earlier in the week. and in tennessee, a 100 protesters rallied in the capital against monday's planned constitutional referendum against president ty, side more house, remove some checks on his leadership, and reduces the role of the judicial critic say. it's another step towards a one man room. now, on the eve of this referendum, we want to tell the chinese eons that this is a state of revolution and whether or not this referendum passes it will not prevent the crisis of political legitimacy. we will boycott this referendum and are determined to struggle against the absolute autocracy until she nidia regains eats
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natural democratic status in the state of california. the. busy governor has declared a state of emergency as a blaze. friends home. near the yosemite national park, emergency crews have been working to contain the bush via since friday. 6000 people have been evacuated. 10 buildings have been destroyed and power has been cut to thousands of homes and businesses. those are the headlines. the news continues it. oh, does. thereafter? counting the cost and you can also keep up on a 0 talk on monday i might be covering politics here in the next i might hear up by protesting from serbia hungry to what's most important to me is talking to people understanding what they're going through. so that i can convey the headlines in the most human way possible. here al jazeera, we believe everyone has a story worth hearing. i lose
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. i don't give it out. this is counted because on al jazeera, you'll look at the walls of business and economics this week. record breaking temperatures and ferocious wildfires. scientists, one europe, is becoming a heat wave helped fos folk. how can the continent adapt speak stream weather conditions? want cars also this week the world needs to burn less fuel to slow climate change. pos are developing nations, getting the funds they need to switch to renewable energy and back to the skies as the travel industry recover. some of the pandemic losses. we look at the demand will be all via substantial aircraft at the u. k fund and show the research as estimate hey, twice have shaved, an average 0.5 percent off. europe's annual g. d p. in the past 10 years in 2022.
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the losses could be even greater to this just a few of the factors. much of western europe is sweltering on the record. breaking temperatures. wildfires a sweeping across easily, greece, france, and spain destroying crops and to energy prices are up because of the war and ukraine. famous robbie has this report from to donna in northern spain. when the inferno came, farmers in some ora became firefighters. i wouldn't be your total. my god, he says, i'm all alone. in remote areas like this, there is no time to wait for a rescue. chris, you have to save yourself. the wind whips up the flames in every direction. it is easy to find yourself. surround came out of nowhere. oh my go go,
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go. days later, manuel hills charged soil putting out any remaining embers. a more than you do i you that we had help but from other farmers in the area we thought is the local government didn't help us are told winter. it is very nice to come after the fire and say we will pay for all of this for the time to help us whose, when the fire is here in the blaze burned crops, destroyed infrastructure and left behind economic uncertainty fires in this part of the country. may be under control for now, but there is still smoke hanging in the air. you can see it obscuring the landscape . you can even smell it for the people living here. and for those fire rescue teams that are based here in tomorrow. these are ever present reminders of the wild, far season is far from over your money for 3 generations, yolanda my
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o julians family has lived and worked on this land. you mom. she watched their barn go up in flames in minutes. taking stock. she says they don't know how they will be able to recover. and jo nogales arizona on bundles. i've never seen anything like this before. the fire came very quickly with a lot of wind. it was just relentless. we could do absolutely nothing. it still going, it still has a lot of power. there used to be hundreds of animals here, most were moved, but yolanda family could not save the hay. the livestock eats even before the wild fires changed this landscape, life here was hard. families struggling just to make a living are now scrambling to keep their future from turning to ash. zane basra, the old 0, tamara, spain, or lead, dig into the numbers now. extreme weather conditions have cost year at more than
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half a trillion dollars in the past 4 decades. germany alone has lost at least $7000000000.00 on average, annually, and damage over the past 2 decades. italy estimates each fire costs around $25000.00 an acre. over a period of 15 years. the government now warns a 3rd of the countries agricultural output is at risk. and france has hydro power output has dropped by 22 percent. the 1st half of the year from 2021. well, it's accepted that he, waves of worth and because of climate change in scientists of urged governments to take action. europe unveiled the plan last year, address global warming and cut emissions by 55 percent by 2030. but despite the pledge to reduce reliance on false fuels, many european nations and now burning more cold after rush and gas supplies were reduced. to discuss all of their fun join now by 20 minutes sky, who is running out from london. she is the managing director of climate and
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sustainability at marsh mcclendon. and she's also a member of the independent adaptation committee that advises the u. k. government on climate risk, thank you very much for joining us on counting, the cost would be talking a lot about food insecurity given the war in ukraine. but what impact is the heat wave is drought going to have on the continents and the food insecurity going forward? well, then already on the stress then tween you how the supply and distribution change, sorry to conflict political unrest and also to extreme weather. though you can say that it couldn't come at work time. a big factor in this is water. and it's, it's well worth to note that according to the world house organization, by as soon as 2025 half of the world's population will be living in areas impacted by water scarcity. so drugs already having a big impact on community, an ac culture, energy, and infrastructure,
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and the economic damages are increasing and weeks. we expect this trying to continue. i think it's really important to understand that why, while this will have an impact on food prices, food security in europe is still relatively bay. but we need to also look in, in a global picture and look at, you know, the implications that these events have around the world. and this, this just shows how interconnected, while it drives the current, the same time actually across the different regions of the planet. could actually place an unprecedented strain on our system. how is the current heat wave effecting energy prices and how might that impact transition to renewable energy? well, again, the timing is, is really bad because our energy system is already on the lot of strength and the current heat, west piles additional challenges on those who are working on so hard to make that transition to renewable energy. so we've been strain on transmission systems,
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reduction capacity of nuclear hydro, such as an energy demand for cooling and pushing up prices. so if it comes at a bad time, but at the same time how chronometer, well committed to the transition, and we're also seeing progress. for example, renewable energy accounted for more than 80 percent of the was new electricity capacity and last year. so it's really important that these rates of renewable investment continue to increase, but it is a challenge, and we, we call this the, the trilemma energy. so what we need to do is that she energy security and an affordable and sustainable way. and it is particularly challenging right now, and it brings difficult choices, but it's, it's not taking these measures. it's not really an option because the cost of an action will be significantly, as you're saying, this is all
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a reminder about how into connected everything is, is this also a reminder of the importance of adaptation and preparedness? and, and can you repeat countries for to do that right now, given the, the risk of, of recession, reboot again. another case in patton is, should really be seen as an investment and not as the cost because this is what will keep us going. this will help to keep those future damages and losses at a manageable level, and that's why it's important to also take action now. so adaptation means can make many things. and the good news is that the technologies and strategy that we can do to ensure that these impact become more manageable. what we need to do, particularly during the challenging time where actually, you know, additional investment are so so hard to justify. we need to have a positive message thing that investing in nature in climate change out of taishan
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is, is a contribution to, to make our communities and our economy viable. absolutely and investment that our survival kind of depends on, hey, thank you very much for your time. spend yet some in sky. appreciate it. ah, research as estimate and investment of $800000000.00 in climate programs can save poor nations up to $16000000000.00 every year. that's according to the global commission on adaptation. rich nations have pledged billions of dollars in climate assistance to developing countries. many failed to follow through on their promises . the issue is expected to talk the agenda, the climate summit in november. and you and 60 general anthony terrace has urged, wealthy nations to deliver the much needed funds. that's gets tedious about the finance that the developing countries needs. as a minimum, sa, paying lip service to the $100000000000.00 us dollars a year. pledge give clarity,
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so deadlines and timelines and get concrete on its delivery. and that's ensure that those, when it's funding most can access suits, rich nations have also pledged $10000000000.00 to the green climate fund, the world's largest project of its kind that is played a crucial role in delivering finance to developing countries. $3000000000.00 the allocated by the u. s, but the country has only contributed only a 3rd of that. so far. learning us now from munich is dr. miranda shaw is chair of environmental ant pilot policy at the technical university of munich. thank you very much for your time. so extreme where the conditions are, are not just in europe. what's the cost then for developing nations? the costs for developing nations are of course, huge in part because developing nations don't have always the same capacity to deal with the droughts in the very heavy rainstorms. the floods on the extreme temperatures that were increasingly seen as
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a result of climate change. costs range from last infrastructure to people's health . and of course the tragic deaths that are also increasingly happening because of climate extremes. and what are some of a low cost solutions to try and fight global warming and, and to, you know, see less of these extreme weather events. like think actually we're at a point where everything we do matters. it really makes a difference whether or not people avoid using their car and instead walk or take a bicycle or use public transportation and planting a tree can help reducing the amount of energy use at home, taking on things that are in stand by model. plugging them, taking them out of the plug that can also make a difference. taking a short a shower can make a difference. i'm, we're actually seeing in germany right now because of the war in the ukraine. a big push to save on energy. and it's remarkable how much energy saving has been
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achieved just in a couple of months. if we were to do this at a global level, it could really make an impact on what about financing and helping poorer nations to make the transition to renewable energy and rich nations have fallen well short of the $100000000000.00 plates that was made. do you expect to see any progress at the next climate summit? i hope so. and 2009 scene, we were getting about $80000000000.00 of that $100000000000.00 per year, but it's still far too little. even the $100000000.00 a year is not enough to deal with a huge impacts of climate change. i do expect that in egypt, partly because the next car will be in egypt to stronger focus on the developing countries and their needs. and that's very welcome. i think there's a lot of things that can be done. also, linking climate mitigation and climate adaptation and renewable energy will be a big,
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big help in this area. but we do need the financing to help developing countries shift away from developing coal or oil or gas, and instead developing renewables, moving forward on energy efficiency. replanting forests that have been deforested and we really need to be working together. speaking of our finance, europe is among the biggest contributors to climate finance for developing nations kind of follow through though and mid all of the economics is uncertainty that there is right now. that's a, that's a big an important question. i expect that with the costs of uncovered, owed than we've had the war and energy prices are increasing. budgets will get tighter in europe. there's no doubt about it. but at the same time, renewable energy is getting much, much cheaper than it used to be. we're also seeing that taking action now reduces costs later. so um, i do hope that europe will continue to be
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a big fine answer. and we'll also focus attention on, for example, you speak of financing. we need to shift the banks away from financing projects that are coal or gas intensive, and instead focus on those kinds of investments that will still bring us the energy we need and still bring us the comfort we want. but do it in a cleaner way. what about the role of the us? i mean it's failed to mate, it's green climates obligations. climate measures are stalling in congress and at president biden has just announced a multi $1000000000.00 banter plan rather to try and fight climate change. but it warn't declare it an emergency. so what do you make of of the role of the u. s. right now in the u. s. is definitely a divided country at the moment, and unfortunately we don't seem to have the willingness in the united states to work across party lines on what is an, from my perspective of the world's biggest problem right now,
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climate change is impacting absolutely everything. my hope is that in the united states, people are starting to wake up. i think you are seen in that country more interest in or concern about climate change. but we also need to continue to work with or without the united states on unmaking transitions. what is hopeful is that we're, we're seeing this big push for offshore wind right now, also in the united states. and that's partly because this is becoming one of the cheapest technologies around. so one hope is that economics will help to make some of this transition a little bit easier. um, but it is a big concern on the united states is still responsible for 14 percent of global c o. 2 emissions and without the united states is a big player and a big fine answer. and it will be worrisome or i will have to leave it there for time. thank you very much for your time daughter. miranda shares. thank you. planes
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were grounded for months during the pandemic, but ad travel is staring the industries recovery with an increase in demand for new aircraft. despite the encouraging signs, aviation groups are worried that she political tensions rising inflation and the shortage of commodities could drag down the market. american plane make a boeing forecast, slow a growth the deliveries in the long term. the company trimmed projected demand for airplanes over the next 20 years to more than 41000 new airplanes. that excludes estimates from the russian markets because of the war in ukraine. the playmaker forecast, the market value of more than 7 trillion dollars, the new airplane deliveries the global fleet, increasing by 80 percent through 2041 compared to 2019 asian markets account for roughly 40 percent of long term global demand for new airplanes. while europe and north america each account for just over 20 percent of the deliveries. boeing also
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trimmed its forecast for annual passenger traffic growth to 3.8 percent down from 4 percent. well, ation recovery heated up at the world's 2nd biggest air show at farm. but in the u . k, the industry has been under pressure to cuts. greenhouse gas emissions and aerospace manufacturers decided to focus on the future of clean flying at the bi annual exhibition or challenge reports. the gulf between vision and reality rarely yawns as wide as at trade shows that farm bra and travelers, green high tech hassle, free in the real world, cues stretch, baggage, piles up and pilot strike. go did the speed and the engineer sustainable future. but if we get a glimpse how we might fly to morrow, it is it fond bra. supersonic wants to bring back supersonic and travel to decades . after concord was grounded,
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we deeply believe in the future where more people can go more places more often. we believe that speed enables that future and therefore it's not good enough just to make a little bit of progress on efficiency. we need to make a big leap forward and completely remove sustainability as a reason not to travel. and hybrid vehicles is making the air land as part and ship part plane part helicopter. it's low emissions, won't need a runway and would carry passengers or freight the landscape developing harris and development towards them to medication and sustainable asia. do the ongoing efficiency improvement that we get from jet aircraft and to move to hydrogen, which is a lot of our story here. our plan here to bring hydrogen powered aviation internet to make we need all of it. we need all that. i'm going to, the u. k. government has just launched jet 0 requiring domestic aviation and airports to reach net 0 carbon emissions by 2040 other governments and moving to
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cosy. it was an earthquake for the aviation industry with that travel, all the shutting down. the current stock shortages and disruption show that after shocks is still reverberating and may continue into 2023. according to where bosses had in the need to minimize how polluting ation is. and these are turbulent times the industry, 40 helen out there of the farmer. asha. joining us from london is rob morris global head of consultancy at ascend by syrian a consultancy service that delivers data on aviation and air travel, just the man we need on the show. thanks very much for joining us. rob bowling has struck in an upbeat tone on aircraft am on despite of faltering global economy. i want you to take on the rise in demand for aircraft. yeah, i think come, we need to differentiate short term versus long term. such a boeing released its commercial market outlook last week, which covers
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a forecast of an excess of 40000 new aircraft deliveries over the next 20 years. that's the long term. but of course, at the present time, the industry is still recovering from the impact of cov, it on demand. and in some regions in factional regions where either close to 2019 in demand terms or so some way off. so that means there is an increase in demand i've, where we were 12 years ago. and in that context, we see analyzed, needing more new aircraft, either to replace aircraft. they've withdrawn from service because they're less efficient or to facilitate the increase in services as growth returns. again, as a say, that's the short term. in a long term, we have a focus at a send by serial, which is very similar to boeing's for coastal air buses own global market forecast . and we're all forecasting requirements for around $40000.00 new commercial passenger jets and freighters to be delivered over the next 20 years. at one final
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point to make a farmer this week, we've seen some aircraft orders, but fewer aircraft orders that we would have seen at preview straight shows around 250 firm orders between air buses. boeing. but that's because right now, air buses sitting on a backlog for new aircraft, of nearly 7000 aircraft units. and boeing nearly 5000 units are between them for not 40000 demand. we've already got around $12000.00 new aircraft committed and on thermal at today. and boeing's estimate, which, which we've been talking about, excludes rush in plain. tell us, do you think the war in ukraine is affecting the market? russia was russia and ukraine were relatively small part of the market overall in, in passenger traffic terms, we measure passenger traffic in terms of, of the distance people travel equal revenue passenger kilometers. and that was around 4 percent of the global market. so. so in general terms, russia was around 4 percent and if you look at buddies, full cost, i think they talked about that being $1540.00 across from their 40 old 1000. so
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even few of those when you at cross but, but an interesting point, this is a long term full cost in 20 years. that market for 1540 i will exist and somebody will be able to access it, whether it be just russian manufacturers or whether in the long term things change and other people can supply again, we don't know because we think back 20 different. so russia about 4 percent in the market, we're seeing a limited impact on traffic in demand in europe today. one, find a point low. russia was a market where, less all that stuff, that's people come companies who purchase their croft and then lend them for, for a rent to airlines. russia was a big market price less was getting on for 10 percent of the overall market. so the loss of that market changes the way that industry can operate going forward because they've lost a bigger chunk of their demand. sure. what has the impact mean if any,
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from supply chain disruptions deliveries and sort of access to spare parts? so, so at the present time, if you talk to any airlines or other customers, they will typically tell you that the manufacturers all 34 months or more light, but deliveries. clearly. supply chain disruption both in the context of access to materials, access to people and logistics. for delivery to the, to the ems, the manufacturers final assembly lines. it disrupted the industry as a whole is facing many challenges and everything. you know, k off the airports, labor shortages, luggage not being able to be found or unloaded high ticket prices. do you think any of this is going to affect the rebound in travel and how can the industry, how soon can the industry make up for the pandemic losses? yeah, i think there is a potential for a lot of this to impact the pace of the recovery. so if we look at our own
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projection models, we had in a global recovery of 2019 levels occurring by about august of next year. but as we look at 1st of all, the chaos itself being fermented by the lack of human capital, the fact that many people left the industry and hadn't returned that's causing significant disruption. then we looked at the economic outlet with high inflation, driving increasing fuel price for airlines, driving potentially increased maintenance costs. the airlines driving the cost of that they actually pay to own the, or least their aircraft up driving their stuff to say kind of pay rises. that's gonna create higher higher costs. the airlines which effectively will get passed through to us, the passengers in high ticket prices. and we know that when we see high ticket prices that potentially dampens demand. then we also have slow economic growth potentially. if we look g d p for cost moving forward, we see many people projecting slow downs contract, or maybe even contractions of economies, recessions in the 4th quarter 1st quarter,
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next year. so the economic growth could also dump and demand. so that means the, the rebound, the recovery, outlook, becomes more uncertain. all right, we'll leave it there. thank you very much for your time, rob marce. thank you. and that is our so for this, when you get in touch with us, bye to reach me at kim vanelle and do use the hash tag a j see to see when you do or you can drop us an email content call set up dessert dot net is our address is more for you online at al serra dot com slash ctc. that will take you straight to our page, which has individual reports, links and, and tie up. so it's for you to catch up on. and that's at this edition of counting the cost, i'm can vanelle from the whole team here in doha, thanks to joining us. the news on al jazeera is next inequality corruption, repression, and dre, the political, it just decided to come to the piece of cake and sure, it won't be a documentary,
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