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tv   [untitled]    September 25, 2021 1:30am-2:00am AST

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in their options and nature regenerate itself and be conferred with all the sediment minerals from preaching in the ground. this will change the environment here from the ash nature will come back, but it won't bring back mercedes. it's home. she sees in this land turned to fire the consequences of people disregard for the environment. because talk engineer with the yellow slip almost pain. ah, the main stories now account which house tens of thousands of haitian migrants in texas has been cleared. some of the 15000 people have been processed in all the locations, many have been deported on flight supportive brands. meanwhile, the us president says he takes responsibility for the harsh treatment. some of them received at the hands of border guards. the foot sent some of which was found by
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alex. they're a sponsor outrage earlier this week showing american officials using was reins against pupil fines across the rio grande. a course i take responsibility in president, but i was horrible with to see if you saw to see people treat it like they did courses. very right, him over people being strapped. it's outrageous. i promise you those people will pay. they will be as investigation underway now, and there will be consequences. there will be consequences. it's an embarrassment, but beyond an embarrassment, it's dangerous. it's wrong. it sends the wrong message around the world, sends the wrong message at home. it's simply not who we are. a top chinese tech executive held in canada or is free to leave after a deal with the u. s. government to resolve fraud charges. while way chief financial is among one, joe attended a new court hearing via video link from vancouver. the court was told she's reached a deferred prosecution agreement. the charges she denies could eventually be
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dropped. catalina's, formerly the card is put you on has been released from italian detention. it was taken into custody by police in sardinia on thursday. spain accuses him of sedition for 2017 independence referendum, which was deemed illegal by it's court. and italian court still has to consider spain extradition request. next hearing is that for the beginning of october, and 3 more towns have been evacuated in firefighters forced to retreat after explosions from interrupting volcano on the spanish island of la palmer intensified, more than $6000.00 people have already fled the homes. hundreds of buildings have been destroyed, and flights have been cancelled. the home brave year hello kind of started erupting on sunday for the 1st time in 50 years. what is the headlines this hour counting? the cost is coming out next. from talk to al jazeera, we can what gives you hope that is going to be peace because the situation on the
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ground seems to be pointing the way we listened. we were never on the whatever road to off migration. we meet with global news makers and talk about the stories that going on, sir. ah, hello, i'm adrian said again. this is counting the cost on i was a hero, you'll look at the world of business that we can all makes this week. gas prices are rising and there's no end in sight as winter arrives in the northern hemisphere, europe's gas shortage could cost the world a lot more to keep warm. also this week, the rise of crypto currency in emerging markets, despite finding trading in nigeria. usage is rising boucher plans to roll out its own currency and thousands of illegal minors. descended on this andy and mountain
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parish in ecuador, in search of gold. they left behind a trail of irreversible environmental damage. now the community is fighting against a couple minor backed by the government. ah, there is a little corner of the energy market that gets very little coverage, but after a cold winter in europe last year, the continent has failed to fill its gas storage tanks for the next 6 months. now that failure, percent gas prices surging. and there's very little evidence that their supply to be demand this winter. it's not just a problem for europe. the rest of the world could go without as rich countries calling the market in a similar way to vaccines. this year alone, new york natural gas futures are up 106 percent to a high of $5.20 for $1000000.00 british thermal units. its highest in more than 7 years was the equivalent gas in europe and asian markets costs $25.00 for
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$1000000.00 british thermal units. storage sites a less than 72 percent for that's the lowest in a decade. or knock on effects. a huge cf industries holdings, one of the world's biggest fertilizer groups has been forced to close to plants in the u. k sparking fears of a looming shortage of ammonium nitrate that could hit food supplies and a shortage of carbon dioxide production could hit the meat to soft drinks industry . what gas is also used to power electricity generation. unsurprisingly, prices of soaring in that market to several energy suppliers have already collapsed in the u. k. governments across europe preparing to hand up money to households to cover the higher winter energy bills. still consumer groups of warning, but the most vulnerable could be hit with fuel poverty this winter. according to european think tank rugle, a doubling of wholesale electricity prices from about 50 euros per megawatt hour to
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$100.00. euro's would imply that the you, consumers pay up to $150000000000.00 euros more for the electricity that's adding to inflation repression in the euro zone. according to capital economics. since the beginning of the year, the rise of gas and electricity is that it half a percentage point to headline inflation. will some of the blame for the gas shortfall in europe has been put on wash up? it's sending less gas via its pipelines through ukraine. but russia could open its new, controversial nord stream to gas pipeline. the pipeline connecting russia to germany has been opposed by the united states, but german regulators have said it could take 4 months to certify the recently completed project. while to discuss all of this, let's bring in simone a talia pietro, a senior fellow at the brutal think tank where he research as you climate an energy policy. he joins us now via skype from rone. somebody good to have you with us. so what's behind this rise in gas prices then how much of this has to do with europe
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failing to philip? it's gas reserves. thank you. well, in europe today, find the perfect storm. as far as the nitro got market cert, what could go wrong over the last month went wrong. on the demand side, we had a bad cold winter, which pushed the residential eating demand for gas. at the same time, we had an economic recovery, of course, in europe, and therefore the industrial demand for got when hired at the same time, god was also more and more requested for electricity generation. i got about the 2 things. on the one hand c, o $2.00 pricing, europe went up favoring a cold gas switch. and at the same time, the output of wind was particularly low due to a baddie poor. we can all be increased demand in europe at the same
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time. we have problems on the supply because the european domestic production, these decreasing norway has had some problems, and russia is not spending all the molecules. europe would actually need, as that is up to asian started just let us in europe are low. we're venue in these period of the year high of the new winter season and did a lot of concern for the traders because people now expect a potential gas crunch in the winter should be. but, you know, you're also arguing that the way in which the european gas market is structured is, is also a fault weinstat. well, over the last years, the european gas market at become more modern, let's say it moved from a traditional structure of oil indexation in gas contract to both market
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80 percent of the european got. so they traded on up is a spot market disease, of course, giving great flexibility to the market is a good thing. but in this particular condition, it's for their adding pressure on the situation. because europe is not the longer the work, asia you demanding a lot of n and g, and the economic recovery is also happening in asia. and therefore europe as to pay more and more for the gas it was to get. and the 2nd suppliers, like russia, for example, talk about their willingness of favoring a market given that the price that there are even higher than in europe. all right, sir, if not stream to were to come on line anytime soon with that help alleviate the problem . that the political point,
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because all the situation happens at the time, we're not getting to as being billed and russia is waiting for the certificate ations to start using it. the kremlin said that should not dream to be allowed to operate immediately. the gas prices in europe will go down these the paving, the way for reflection about the weather. russia is using the current situation to foster the cave for a quick entry into operation not, not going to. so the question is, is russia you will be you know, joe political manner in order to remember the euro that got that important. the russian got these important and not him to is important because it seems to be the case. and as a matter of fact, earlier this week, the international energy agency made a statement in which it clearly said that russia can do more to supply europe
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through the existing operating biplane, which by the way, not booking at the capacity many expected to for the ground in october, and therefore it's a high moment for russia to show that it is a reliable supplier to europe. and if we look at prices across the continent above why other you case gas and electricity prices, the highest you, casey, to ation is particularly difficult in these moments for a number of different factors for 50 percent of the electricity in the u. k. generated with gas and that or the system. but typically what happens in the gas prices, 2nd aging fleet of nuclear power plant in the u. k. and the theories of plan old the just due to the need of providing maintenance that was not 14.
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i've been pressure on gas demand for electricity generation. 3rd, and i think the interconnect are supplying it is free from france to the u. k. got fire and therefore was interrupted. so all of these factors added to the fact that the wind speeds in the u. k. have been the lowest disease on since the 9 can fix these, made it way, particularly difficult in the country for how should govern going to protect their citizens from higher energy prices can can. how long can they do that for, and how is this going to affect poor nations? in particular? first of all, we need to take into consideration one fact, these, these, them for any crisis. if you look at the market, and if you look at the future, for example, at the dot ga hub, which is the most important in europe,
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you will see that traders to they think that after the winter saw in the spring 2022 prices will go back to the normal levels. so here we have an issue with the coming for 56 months. how boy the end of the winter, that the question, what the country, what government can and should do is to put the play mechanisms to protect the money, the owner of a t p, then and small medium and the prices for the price shock. this is what the, for example, from been doing, extending the energy vouchers. the lot now is doing by cutting certain costs in the electricity and got beatles for gas commerce, families and mon, you meant their prices. and these other countries are also doing. it is important
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that these point to protect the most vulnerable to protect human prices, but then not to interfere in the market mechanism because the market will keep working properly afterwards. so be the best way to end the crises. the long term peaks for the situation is different, easy to scale up investments and rolling out of renewable energy sources and energy efficiency solutions. summary of spring great talk to you on counting because many facts and day for being with us. thank you so much. the a community in ecuador has been trying to resist the advance of mining companies, residents from la medicine and white us out as a pushing for it to be stopped. but, but countries cash strapped government is backing the firms solisco reports. lemme said the one aside, as he says, mold perish in the middle of the end of the mountains in a while. yeah, residents,
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you have been struggling to defend the community for mining and the damages causes for years. the now the reposing b entry of a subsidy area of the austrian company hancock prosper thing. i firm that has 6 mining concessions in the area to extract copper. the police were recently deployed to the area to protect your operations. you fear gas and violence to control a peaceful protest fully. madame us is a parish leader. she says she has lost hope because know when he's helping them in the fight to protect the community. when is a village grow other than when a cyrus has lost all? how is there is no government, no law, any hurts. we want peace and i'm traumatized. we thought the police there was censor, respect us, because there were woman old people, but it was the contrary. the police is not for us for the poor, for rural communities. the police is for the rich, the people of lemme said they went aside
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a say they know what mining can do to their territory. 4 years ago, they resisted when at least 10000 illegal minors invaded the mountains in search of gold and filled the water with mercury and cyanide, and left a trail of irreversible environmental damage. crises for the government to declare a state of emergency. but now with established companies trying to legally enter the territory again, franklin romito is concerned. but on the 3rd of love, montana of for us, the mountains, the water is everything, is our mother is how we can survive. the government is giving all the facilities for the company to come here and destroy the area. nobody asked us whether we want this, the government concession to the companies. question by a report by the controller general of the state environmental group say it was constitution is being violated in a fellow meeting went b. s. i will know that the state is violating the rights of the people to guarantee the work of trans national companies. the state has failed in the past because of
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the legal mining crisis with him now they want to bring legal mining, but they are doing it with no previous consultation as the constitution demands president, because they are more or less, he has created an action plan to promote legal mining and it's hoping to exploit over $2900000.00 hector's in the country. while orders mining chambers says dialogue is the only way out of the crisis. yoko can look, see, there is no industrial in the world that is born without those 1st pains. i believe the future of the countries in mining, i believe we have to care for the environment, would be also need minerals. the best way to stop the legal mining is to promote legal and responsible mining by the lemme to say they went aside if people are afraid, they believe their territory will be destroyed and their interests will be ignored . once again, there's several other feeder. the fast moving world of crypto currency, it may surprise you to learn, but the fastest take up is in emerging economies,
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and we're not talking about speculation here, but for everyday transactions and savings. these are the top 20 adopters of crypto currency. according to chain analysis. it's an interesting study because it strips out trading and speculation and as you can see, the nom tops the ranking with india and pakistan. rounding out the top 3 at galveston is popping up the table 7th on that list. is that his whale up? that's because the local currency has been made effectively worthless by hyper inflation. now the government has come up with a plan to try to fix it. his latin america as a to see him and just like you can't judge a book by its cover, you can't calculate the value of in israel as currency by the number of zeros that are added or subtracted as of october. first, this 100 boulevard note will be the highest denomination equivalent to today's 100000000 boulevard. note, that means 6 zeros will be removed from
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a currency that has been sold to valued by hyperinflation. that it become practically worthless. garments. this is only for the bus we want to come at the boulevard. now i run a use for public transport or nothing else. everything else is paid with us dollars . been his when his currency costs much more to make than what it's worth. inflation in the 1st 4 months of this year was nearly 300 percent. and last year it was 3000 percent. that's why the country's de facto currency has become the us dollar. but millions venezuelans don't have access to it by slashing 6 zeroes off its currency. the government hopes to reinstate the widespread use of its own coin, the initial frame, but also been it has certain advantages, but these advantages don't generate benefits from a strictly economic point of view. that would require a series of measures to control inflation. to avoid more recon versions of the
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currency, the socialist government flashed 3 zeros from its currency in 2008 and 5 zero's 2018. so to he'll kill is not optimistic that 6 will do the trick. when i look at it, this is going to become what it's already become. as all the currents is here, because they have all become worth the saw, that is, willa has been experiencing its worst economic crisis in history, reducing bills to single double or triple digit denominations, rather than millions will certainly make prices easier to calculate. but unfortunately, it won't make the embattled believer more valuable. she and human al jazeera, venezuela central bank says that it plans to print video bills that will go into circulation on october. first one, encouraging venezuelans to use a digital version of the currency to simplify daily transactions. the currency will be branded the ball of our digital. now the 1st to integrate bitcoin as legal
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tender was el salvador. the plan has been criticized by the international monetary funds because the fullest how crypto currency could further undermine the country stability. but enthusiasts argue that many people prefer to use crypto cheers or the low transaction costs of sending money overseas like remittances. it's highly unlikely that other countries will follow el salvador, lead crypto currencies, not the same as regular currencies, but some countries are making the transition to e currencies. the bahamas was the 1st to introduce its own. sam, the dollar and china is trying its own a currency. beijing, along with many other countries, is cramping down on bitcoin trading. the fear is that they would lose control of a monetary policy. if crypto currencies are adopted, widely, many advanced economies a trying to accommodate bitcoin and thousands of other tokens rather than banning them despite a band in february and crypto currency trading in nigeria transactions across peer
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to peer platforms have sought from $33000000.00 to $44000000.00 in august to counter that, my jury, a central bank is decided to launch its own digital currency the in ira later this year. well, let's get some more analysis on my cheerios decision to launch its own e currency. joining us from lagos is about me, michael, chief executive of the asset and equity group. good to have with us on counting the cost of a me. why has that been such a strong stake? take up of crypt, currencies in emerging markets in particular compared to established markets. nyja is leading in terms of adoption. well, so, but then the add to that the regulators average i didn't create. so generally the control ok, regulatory wants to regulate. but then crypto does not really have so much ways around revelation. so you know, it's more of
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a cut on dog kind of situation. so it's put on old right now. not like the entirely out of the market or not. that is, it's entirely not in use are all in i junior. what people still won't find out we are using to to but then officially it was on old around. so nigeria plans to launch its own e currency. how, how do they differ from electronic payments that we're currently making? it's going to be deny ra, means it by the central bank of nigeria directly. so the major difference between the 2 d, on the electronic demand system that we already are going to country, is that the wallet system, the fall of the rock, will be managed directly by the center of the center will be in charge of reducing mean chain and distribution of ira i think guess, situation where most payment systems are managed, controlled,
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more or less monitored by a license payment system. 3 cheese operators within the niger economy. and do you think the people of nigeria will actually embrace enough as their means of savings and transactions? oh, they are just going to continue to use the centralized script currencies. why do people love decentralized currency in the 1st day? so people are shown i've demonstrated to be much more interested in anonymity. in less disclosure, not, i've been to go through too much verification or too much restrict shows as to when payment is about is to be initiated. so i see a little bit of some level of a locked in. i mean use adoption. but then it's the government, when the government into law, you know, it's the law and you know,
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i listen to one of the died the payment or the c, b, n. they send out a conferencing. it's will be my duty for anyone to accept the you know, because the app is just as much as your normal traditional and i knew there was to be some level of resistance because people don't want to disclose so much. people want some form of lee, but when it comes to international transactions, offshore revenue, dances under arrest of if the country has to be value its currency again, at some point in the future. presumably that would impact the currency to one of the oppose i didn't market to deny ross, you know, definitely would definitely have some ripple effect on the normal. 3 or what of course we choose to use with changes in the future or not. it is still going to are the same impact bought and what impact what the use of the currency have on the
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financial sector of an economy. the electronic i said definitely will bring down cost with the financial off the stem look, i mean, of course, because the cost of the money is also it costs and the cost of, you know, managing distribution and of course, transportation of cars. they're all these are called suited with money, which when you mean it'd all, it's which, where reduce of cause over trans live to reduction in middle cost to use us on the cost of bonds. and what else can i do show? so generally the cost comes down to go see in strength did i know cause or the thrust benefit? you know, the currency my out on the financial system for instance, nyja is leading to gain in car. see right now that job will be the 1st african
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quantity. i mean africa, country to issue the currency at the live very soon. john, i is you, the us. so i believe is gonna be currency on the currency. is the point i juwan j. we think i'm, it's been great to talk to manufacture date for being with us on counting the cost . all right, thank you. and that is our show for this week. if you'd like to comment on anything that you've seen, you can get in touch with. you can treat me. i'm at a finnegan on twitter. please use the hash tag a j c t c or drop us a line counting the cost of ounces here, a dot net is email address. as always, there's plenty more for you online at al serra dot com slash ctc. that takes you straight to our web page and you'll find, and time episode sees a catch up. but that's it for this edition of counting the cost. i'm adrian said again for the whole team by joining us, but he is on al jazeera. ah,
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there are some things you can never forget. and there are scenes which will be in your memory forever. in syria, we documented atrocities. and in the northern city of a level, we witnessed something, we will never unsee the bodies bound and executed their hands, tied gunshot wounds to their heads were bad enough, but watching the relative identify their loved ones. that's one of the hardest things i've ever done. as hard as it was, we had and needed to film because maybe one day those responsible can and will be held to account. it is an honor, but at the same time it is a challenge to do this job. to bear witness to history as it's made to make sure
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what is recorded is accurate and truthful. i'm done. other when freedom of the press is under threat. you know, you just cause thought genuinely about your thoughts towards the government step outside the mainstream. there has been a implement here, some of access points shift the focus, the pandemic that's turned out to be a handy little prefect, the prime minister, if it clamped down on the press, covering the waves. the news is covered. so listening post on i just need a little is more distressing for a woman than a month 20 pregnancy going horribly well aside from then being punished. boy, salvador victor, boston lord, have seen women incarcerated for years. some say their own, the crime was a devastating still an in house story of one woman struggle that ignited
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movement. miscarriage, of justice. a witness documentary on al jazeera. ah, free to go a deal with us. prosecutors allow the chinese tech executive to leave canada where she's been detained for 3 years. ah, hello, i'm diamond jordan. this is al jazeera ly from dev also coming out. it's an embarrassment, it's beyond embarrassment.

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