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tv   [untitled]    September 30, 2021 2:30am-3:00am AST

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in one plant, many of these issues, particularly the islands, were rare or very uncommon at the time. the thing with sounds and when they were listed partially, that means that they were not able to benefit from the provisions of the endangered species back before going extinct. the endangered species act, his save the gray wolf along with american icons like the bald eagle and the american alligator. but making the endangered list takes years a dozen on average, leaving 47 species to vanish so far. well in regulatory limbo. others like the disappearing monarch butterfly, still wait. as the planet warms and their habitats dwindled along with their chances for survival, john hindered al jazeera ok . so again, i'm fully back the ball with the headlines on al jazeera. tunisia as president has
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named geo physics professor with little political experience as a country's 1st female prime minister. he's asked national lab today to form a government last week, i said, announced he would rule by decree and ignore parts of the constitution, which swamps protests. i would him for a few good people with us. this is a historical moment where we see, for the 1st time ever a lady who has a prime minister in our country, we will be taking care of our responsibilities in such a moment. it's an honest genius and fortune is in women, saying he was our prime minister. women can be successful leaders just as men come and have a clear vision. exactly like ma'am. i hope with the blessings of god that you can within the next coming days, nominate the proper names for your cabinet. we've lost a loss of time and we need to act quickly with full harmony between members of your cabinet. work hard to fight corruption without un humanitarian chief martin
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griffith is warning that people are starving to death in e t o p as t cry region to called on the field in government to allow food, medical supplies, and fuel into the region. families are the victims of last year's or explosion in lebanon have demonstrated in support of the judge investigating the incident. on monday, terry, the tower had to suspend his pro battery complaint by a former interior minister and illness. angeles judge has removed brittany spears father as the conservative of her, as faith. the singer had sought to any 13 year legal arrangement that controlled her personal and financial life. her father had filed to end the conservatorship. the judge has agreed to appoint a temporary guardian as his replacement and europe state with headlines on arches era more news on our website challenges era dot com coming up next. counting the cost. the
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news. news. news. news. news. mm . ah,
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hello, i'm adrian said again. this is counting the cost on i was just here, you'll look at the world of business, or you 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 and nigeria usage is rising. boucher plans to roll out its own e currency and thousands of illegal minors. descended on this andy and mountain parish in ecuador, in search of gold. they left behind a trail of irreversible environmental damage. now the community is fighting against a couple of minor back by the government. ah, there is a little corner of the energy market that gets very little coverage, but after
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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 has st. 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 corner the market in a similar way to the 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. it's highest in more than 7 years. but the equivalent gas in europe and asian markets costs $25.00 for $1000000.00 british thermal units. storage sites, a less than 72 percent full. that's the lowest in a decade. or knock on effects. a huge cf industries holdings. one of the was 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
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a shortage of carbon dioxide production could hit the meat to soft drinks. industry will gas is also used a 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 the cup of 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 $100.00. euro's would imply that the u. consumers pay up to 150000000000 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
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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 failing to philip? it's gas reserves. thank you. well, in europe today, find the perfect storm. as far as the nitro got market concert, what could go wrong over the last month went wrong. on the demand side, we had
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a bad cold winter, which post 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 got was also bought more requested for electricity generation. i got about the 2 things. on the one hand c o 2 prices in europe when top favoring a called the gas switch. and at the same time, the output of wind was particularly low due to a very poor. we can all be increased demand in europe at the same time. we have problems on the supply because the european domestic production, decreasing norway has had some problems. and russia is not sending all the molecules. europe would actually need, as that's been started to lead us in europe,
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our lower venue in these period of the year high of the new winter season. and lot of concern for the traders because people now expect a potential gas crunch in the winter should be bad. no, you're also arguing that the way in which the european gas market is structured is, is also a fault here. 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 a spot market. 80 percent of the european got to be traded on both market. these, of course, giving great flexibility to the market is a good thing, but in this particular condition,
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it's for they're adding pressure on the situation because europe is not the longer the work, asia is demanding a lot of n and g, and the economic recovery is also have been 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's the political point. because all the situation happens at the time, we're not getting to as being billed. and roger 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,
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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, russia, you will be in a political manner in order to remember the euro that gotten important. the russian got is important and not going 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 the trash can do more to supply europe through the existing operating by brand. which by the way, you're not looking at the capacity many expected to for the ground in october, and therefore it's high moment for russia to show that that reliable supplier to europe. and if we look at prices across the continent above, why other u. kays,
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gas, and electricity prices, the highest, the u. k. situation is but the clarity difficult in these moments for a number of different factors. first, 50 percent of the electricity you generated with gas and that, or the system in particularly at the what happened in the gas prices. second aging fleet of nuclear power plant in the u. k. and the theories of plan old, the just you to the need of providing maintenance that was not 14, i'm being pressure on gas demand for electricity generation. 3rd and the interconnect are supplying electricity from france to the u. k. got fire and therefore was interrupted. so all of these factors added to the fact
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that the wind speeds in the u. k. have been the lowest disease on since the 16th made it way, particularly difficult in the country for how should governments protect their citizens from higher energy prices can can. how long can they do that for, and how is this go 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 got hub, which is the most important in europe, you will see that traders to be think that after the winter. so in the spring 2022 prices will go down to the normal levels. so here we have an issue with that coming for 56 months. how boy the end of the winter,
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that the question, what the country, what government can and should do is to put the blade mechanism to protect the multiple m a t p. then, and more me, humans, the prices for the price shock. this is what the product sample from been doing, expanding the name of energy vouchers. this is what 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 or the other countries are also doing it is important that these point to protect the most vulnerable to protect your mentor prices, but then not to interfere in the market mechanism because the market will keep working properly afterwards. so be the best way to the ends of the crisis. the long term fees for the situation is different. easy to scale up investments and rolling
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out of renewable energy sources and energy efficiency solutions. summary, it's been great to talk to you on kerry because manufacturing 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 metro's said, and why does not as a pushing for it to be stopped, but the countries cash strapped government is backing. the firms surveys bow reports. lemme said that when a site is heath mould, perish in the middle of the end. this mountains in a while or yeah, residence you have been struggling to defend the community for mining and the damages causes for years. the. now there are posing the entry of a subsidy area of the trillion company hancock, prospecting. i firm that has 6 mining concessions in the area to extract copper. the police were recently deployed last year. we had to protect your operations,
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the youth, your gas and violence to control a peaceful protest fully. madame us is a parish leader. she says he has lost hope because know when he's helping them in the fight to protect the community. there is a village grow other than when cyrus has lost all how is, there is no government, no law, any hurts. we want peace and i'm trauma ties. we thought the police there was censor, respect us, because there were women, all people, but it was the contrary. the police is not for us for the poor, for carmine, the police is for the rich. the people of lemme said they want to say to 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
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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, questioned by a report by the controller general of the state environmental group say it was constitution is being violated. and i thought might be a thought, i wouldn't say 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 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 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 or mining
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chamber 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. yeah, but let me 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 that the fastest take camp is in emerging economies, 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 rough
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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 lucille human 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 a currency that has been sold to valued by hyperinflation. but it's become practically worthless. comments. i thought this is only for the bus for the ball of us. now i run a useful for public transport or nothing else. everything else is paid with us dollars. when his, when his currency costs much more to make than what it's worth,
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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 of venezuelans don't have access to it by slashing sick, zeroes off its currency. the government hopes to reinstate the widespread use of its own coin. penis will bring back home and 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 currency, the socialist government slashed 3 zeros from its currency in 2008 and 5 zero's 2018. so deal 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 worthless. so it is way, le,
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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, well venezuela central bank says that it plans to print you bills that will go to circulation on october. first one, encouraging dentist wait is to use a digital version of the currency to simplify daily transactions. the currency will be branded the ball yvonne digital. now the 1st to integrate bitcoin as legal 10 that was el salvador. the plan has been criticized by the international monetary funds because the fullest how crypto currency could further undermine the countries stability. but enthusiasts argue that many people prefer to use crypto just on the low transaction costs of sending money overseas like remittances. it's highly unlikely that other countries will follow el salvador lead crypto currencies are
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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 would despite a battle in february and crypto currency trading in nigeria transactions across peer to peer platforms have sought from $33000000.00 to $44000000.00 in august, the 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
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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 quit. so generally the control ok, regulatory wants to regulate. but then crypto does not really have so much ways around regulation. so you know, it's more of 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 at all in i junior. what people still won't find out. we are using a bundle of fish which on hold around. so nigeria plans to launch its
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own e currency. how, how do they differ from electronic payments that we're currently making is going to be deny, rob mean said 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 one that follows the narrow will be managed directly by the center of just didn't. the center back would be in charge of reducing mean chain and distribution of ira i think guess, situation where most payment systems are managed, controlled on more or less money thought by a license payment system, switches, 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 just got to continue to use the centralized script of currencies. why do people
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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 to be initiated. so i see a little bit of some level of a locked in, i mean use our adoption, but then it's the government when the government into law, the law. and you know, i listen to one of the died the payment odyssey be in, send out a conferencing. it's will be mandatory 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.
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people want some form of lee, but the, when it comes to international transactions, offshore remy dances and the rest of the 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 or what of course we choose to use with changes in the future or not, is still going to are the same impact bought what impact, what the use of the currency have on the financial sector of an economy that don't require us. it definitely will bring down the cost with the financial off the stem it look, i mean, of course, because the cost of the money is also a costs and the cost of you know, managing distribution and of course,
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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. we were trying to live to reduction in middle cost to use as a customer of bands. and what can i do shows. so generally the cost comes down to go see in printed on off cause or the benefits you know, the currency my out on the financial system. for instance, nyja is leading to gain economy. see right now that job will be the 1st african, honestly, i mean african country to issue the currency at believe very soon john, i is you, the us. so i believe is gonna add the current currency to be easy. point i juwan to j. we think i, ma'am,
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it's been great to talk to manufacture date for being with us on counting the cost . alright, 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 tweet 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 alex's here i don't met is our 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 episodes to catch up. but that's it for this edition of counting the cost. i'm adrian finnegan for the whole team place joining us, but he is on al jazeera. ah news news, news,
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news, white, representation, participation. democracy means that people have the right to choose their leaders and governments in free and fair election and exploring why democracy has never been in so many parts of the world. i don't mentally examine the biggest challenges to democracy from those who, undermining to those who are ready to die for democracy may be coming soon on to 0 . frank assessments. what's the point of the un multilateralism isn't part of the dna? we need some or we're sovereign states can exchange use informed opinions is likely to change biting behavior. it's not going to change their behavior. they are going to continue to do what they do when it's going to be more in trade and less in terms of trying to match this. more games are entirely in depth analysis of the
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days global headlines inside story on our jazeera ah, tunisia names, it's 1st female prime minister, but will it be enough to east pressure on the president? ah, you're watching algae 0 live from the with me for the back. also ahead. i warning the humanitarian situation in ethiopia. see great region is.


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