tv Business - News Deutsche Welle November 11, 2022 5:45pm-6:01pm CET
we'll take a look at how gas heated dutch greenhouses aim to make themselves more energy efficient. i'm chris cobra. welcome to the program. german industry as grappling with its future business and political relationship with china. c o's from 8 firms, including heavy weights like siemens bosh, and b s f. right? an open letter saying not to decouple. the companies say it is right for germany to read a finance relationship with china to it's increasingly assertive behavior and it's human rights issues. but insist germany needs to be in china to stay competitive. chinese investments in germany have been in focus lately as officials seek to balance strong business relationships with the need to avoid repeating mistakes made with russia. for more, let's bringing holler. gert, he's the president of the keel institute for the world economy. welcome to the program. so corporate leaders are warning of
a deep coupling from china. so that the chancellor, by the way, prior to his recent trip or to beijing, do you see decoupling tendencies? well, i see tendencies and i think the most important issue at the moment is to keep calm and i keep a clear head. so i think it's clear the china is one of the most important trade partners for germany. but so is germany for china. so there you 2 relationships and these are both. so china is very important both as an export market for germany . firms be it in the chemical industry in engineering, but also the kind of story. but they also, of course, an important input source for many products sold in germany, b, a toys consumer electronics, but also very important to some raw materials. so there are these sort of course.
yeah, please go ahead. now i was just going to say, of course, that the political attentions they are, they put it, he could problems to put in mildly with the chinese government, and that's not without problems. and here we have of course, talk about the state influence in some state owned enterprises, problematic political tension stuff you already mentioned earlier. how much danger do these strong ties that exist posed though, when beijing is more than just insinuating an attack on taiwan, which would prompt international sanctions? well, i think the important point here is again to, to keep in mind that these relationships, both ways. so germany is dependent on china in some aspects, but also so as china, dependent on germany. and that makes it a very, very different case to the case. us very much present than the german mind member,
the name be the case of russia. they are, the dependencies are very, very different. so it is an issue, of course, it is an issue that needs to be tackled by firms and by the government. and it's a balancing up to that we have at the moment. and as i said, it's important that to keep common, not to panic, and go off into a way that we can't come back from ok. speaking of staying calm, how do you evaluate the contingency plans of german companies in case such a scenario? meeting a chinese attack on taiwan should become reality. yeah, i think, i think this a company decisions to be made or let's say there is, there is an important aspect here to keep in mind. i think in most cases, companies will make their own decisions, will make their own risk analysis and will come contingency plans that help them i
think in the number of sectors and they have to be thought about very, very critically. what are critical sectors, what are sectors, where we are, where we want to avoid dependency here. companies have to work together with government to, to come up with a plan and i think there's, there's room for improvement on that side. china is germany's most important trading partner. what should a re defined relationship look like? well, i think it's important, 1st of all, that companies themselves do the risk analysis. and i think as the ceos upset, that's what they're already doing. secondly, it's important that germany has a strategy, but particular sectors that teams very, very critical. and here the government will have to work together with companies to come up with a plan on how to deal with this and, and certainly i think it's very, very important to keep channels open for communication. i think dialogue
is the key as it is to with, with many problems in the world. how god, president of the keel institute for the world economy. thank you for your insights . thank you very much. and now to some of the other global business stories making news, twitter owner ilan mosque has reportedly warned, bankruptcy could not be ruled out if the company doesn't generate more cash. that comes mid more departures in twitters leadership, including the platforms, top privacy and compliance officers just days after mister musk fired around half of the firms, $7000.00 employees. the u. s. federal trade commission says it is watching events at twitter closely. china stringent cove, it curves and sharply flowing economy as it the country's biggest online shopping festival, known as single say, one consultancy group has forecast. a 4.7 percent failed slide. and the last day of
the vendor were e commerce. firms like alibaba and j. d dot com hawk. everything from perfume to furniture. japanese tech investment giant soft bank pulse is posted a whopping net profit of more than $21000000000.00 in the 2nd quarter. on friday. the bank made big gains from selling shares and chinese e commerce trying alibaba warned of losses and its massive tax startup investor vision fund. now here's something you might not have known more than 20 percent of the peppers and cucumbers grown, and europe come from dutch greenhouses. producing 9000000000 euros of export value, they are a huge factor for the dutch economy. and the times a rising energy prices, gas heated greenhouses have turned into a problem. one that a pilot project in the south east of the netherlands, aims to solve the w's baba visa reports. these are the greenhouses of
peter mine and, and for years his obsession has been to run them as environmentally friendly as possible. he specializes in sweet peppers and cucumbers and produces huge amounts of these such tools and toto. our company is 50 heck s on the 15th. as we grow 32 hectic suites us what we have as well if, as long as you come or that you can see here, we grow them about 30000000 pieces a year. it's a complex and finally tuned operation in all aspects of growing feeding and harvesting the produce. and behind it is an elaborate system of energy production using as little energy from the grid as possible. like this is the transport system . but this is also the heating system that this is a pipe. and we put in, for example, $55.00 degrees of water, the water from the biomass bomb, for example,
us each be the combined heat power can go into the greenhouse. and during the night, the roof is shielded by retractable blinds, to keep in the heat, which again saves energy. peter is keen to explain the systems he built here to keep his plant running. this is a 20 cylinder 3 megawatts electricity, and which is provided by the yellow tube is gas. and then the machine is running, making 3 megawatt electricity, and producing to cool it down 3.3 megawatt to make. and that's the energy how we used to heat our greenhouses. so peter is using the residual heat from his electricity generation, which he then selves into the dutch grid. that works when he has a surplus. but that's not always the case. the weak point here is record gas prices . so every day, at 2 o'clock in his office, he's watching the t t f. the dutch spot market progress, although i have
a green company. but now, i'm falling back to fossil gas again and feels bad. that's but, you know, i have to survive. so i can not influence the market. but if, if a nice position comes by, then i want to have it. that means hitting the buy button when electricity is more expensive than gas. but his real pride and joy is his biomass plan, which recycled local greenways, including the stocks of his own vegetables. it's mainly chips from the area. and like this book is also coming from the area. it's collected, it's only products. so how does that work? yeah, the biomass comes from up, falls down on the grades, and then afterwards, everything is clean. and on top, with the heat, we make steam. with steam,
we make electricity. to build this big system of energy generation, peter invested 30000000 euros is some only larger companies can afford. it's hard at the, at the moment to survive. even if you use these techniques. the increase of costs is so high. i hope all my colleagues come survive, that peter himself all was his fir, the plans when i see something and i think about it. and if it's a solution then and i try to continue this and improve my company. this greenhouse owner is also his own head engineer, energy manager, and environmental expert. now this week, political leaders from all over the world have been discussing how to fund the fight against climate change and how to compensate the mostly poor countries that are most affected by it. oxfam has an idea put higher taxes on the super rich to raise funds for climate vulnerable nations. charity looked at the investments of $125.00 billionaires. cumulatively,
these billionaires fund almost $400000000.00 tons of carbon dioxide a year, which is equal to the annual carbon emissions of france. here's another figure oxfam presented because of his investment. a billionaire is responsible for as many emissions as 1000000 people from the poor or 90 percent of the world's pop elation. now the energy crisis is having unexpected effects on the job markets like in britain where one of the oldest professions is making a comeback. the man for chimney sweeps is at a 3 decade high that's according to the head of the national sweeps association, who says many people have been using their fireplaces for the 1st time in years. that means the chimney may need a good cleaning, but environmentalists warned that burning coal or wood for heating contributes heavily to climate change. and his reminder of the top story we are following for
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