Browse content similar to 26/11/2015. Check below for episodes and series from the same categories and more!
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Footing the bill for climate change: The head | :00:00. | :00:25. | |
Spain's economy on track for its best year since 2008, so is the | :00:26. | :00:28. | |
Also in the programme, we will hear how India is betting on wind power. | :00:29. | :00:46. | |
We start with the debate over climate change, as officials | :00:47. | :00:49. | |
and heads of government gather in Paris from Sunday to try and strike | :00:50. | :00:52. | |
Can they succeed where the last such conference | :00:53. | :00:55. | |
Let's take a look at the key numbers. | :00:56. | :01:04. | |
195 countries will attend the talks from the industrialised nations, who | :01:05. | :01:07. | |
have, some say, done most of the damage, to the poor countries who | :01:08. | :01:10. | |
have the most to lose from rising sea levels and extreme weather. | :01:11. | :01:14. | |
The plan is to cap global temperatures to just two degrees | :01:15. | :01:17. | |
Celsius above what they were in pre-industrial times | :01:18. | :01:19. | |
Rich nations have promised $100 billion a year by 2020 to help | :01:20. | :01:33. | |
developing countries cut fossil fuel use and protect their people | :01:34. | :01:35. | |
Just a fraction of that has been seen so far. | :01:36. | :01:45. | |
On Wednesday, the charity Oxfam warned that poor countries face | :01:46. | :01:47. | |
economic losses of $1.7 trillion per year by 2050 unless a deal is done. | :01:48. | :01:58. | |
This week the World Bank announced a $16 billion climate investment plan | :01:59. | :02:04. | |
for Africa, as the bank's head Jim Kim explained to Michelle Fleury. | :02:05. | :02:10. | |
The thing that we wanted to be sure about was that Africa is not | :02:11. | :02:17. | |
forgotten in these conversations. African leaders very often say, we | :02:18. | :02:23. | |
have the smallest role of any continent in putting carbon in the | :02:24. | :02:27. | |
air but we are already feeling the impact of climate change much more | :02:28. | :02:32. | |
than anywhere else. When you are round the table in Paris, what do | :02:33. | :02:36. | |
you think will be the stickiest issue? There are many questions | :02:37. | :02:41. | |
about whether we do have a credible path to the $100 billion and this | :02:42. | :02:46. | |
will be the -- will be one of my roles, to continue to illustrate why | :02:47. | :02:49. | |
we are convinced that there is a credible path. You refer to the | :02:50. | :02:53. | |
money promised by developing countries to help poor countries | :02:54. | :02:57. | |
affected by global warning? That's right. The high impact countries | :02:58. | :03:02. | |
promised that by 2020 there will be $100 billion a year following from | :03:03. | :03:05. | |
the north to the south to combat climate change. We believe there is | :03:06. | :03:09. | |
a path to get there. China has more momentum than ever before to solve | :03:10. | :03:14. | |
this problem and yet a recent newspaper article in the US has said | :03:15. | :03:16. | |
they had been lying about how much coal they were eating. What is their | :03:17. | :03:22. | |
capacity in your opinion, versus their will to do something? -- | :03:23. | :03:29. | |
emitting. The announcement of the nationwide trading programme that | :03:30. | :03:32. | |
will get started by 2017 is one of the most important made in the | :03:33. | :03:35. | |
entire history of our effort to fight on it change. The minute that | :03:36. | :03:39. | |
trading scheme is implemented in Beijing, Beijing will become the | :03:40. | :03:43. | |
largest carbon market in the world. In terms of the specific data, this | :03:44. | :03:48. | |
is not something that I have any detailed information about, but I | :03:49. | :03:53. | |
have seen a change and I've seen the level of the ambition that his | :03:54. | :04:01. | |
pretty much the highest in the world and putting together very difficult | :04:02. | :04:02. | |
programmes. That is the head of the World Bank | :04:03. | :04:04. | |
talking about China. After China and of course the US, | :04:05. | :04:09. | |
India is the third largest emitter Ahead of the summit, | :04:10. | :04:12. | |
India has promised to generate 40% of its electricity from renewables | :04:13. | :04:17. | |
in the next 15 years and much Suranjana Tewari starts her | :04:18. | :04:20. | |
report in Pune, about 150 It is exam season for the students | :04:21. | :04:38. | |
at Pune's modern college. Although writing papers can be stressful, | :04:39. | :04:43. | |
students here are thankful for one thing, an uninterrupted supply of | :04:44. | :04:47. | |
electricity, keeping them cool and giving them plenty of light. These | :04:48. | :04:53. | |
turbines provide enough electricity to power lights, fans and computers | :04:54. | :04:57. | |
at this college. But they don't always work. The amount of power | :04:58. | :05:02. | |
were actually produced varies on the time of day and the time of year. | :05:03. | :05:07. | |
Because the system isn't 100% reliable, it needs to rely on a | :05:08. | :05:12. | |
backup generator instead. India produces three times more power from | :05:13. | :05:16. | |
wind than it does from other so-called renewables, like solar and | :05:17. | :05:20. | |
hydropower. And windfarms like this one are popping up all over the | :05:21. | :05:24. | |
country. But the industry has some specific problems in India. The | :05:25. | :05:28. | |
included getting access to land needed for wind projects and then | :05:29. | :05:33. | |
there's crime, with gangs routinely stealing valuable copper cables or | :05:34. | :05:38. | |
redirect electricity before it can enter the power grid. And even if | :05:39. | :05:42. | |
the physical infrastructure is in place, not everyone is convinced it | :05:43. | :05:44. | |
will be enough. The biggest constraint in the future would he | :05:45. | :05:50. | |
along viability of these projects. Are these projects making sufficient | :05:51. | :05:57. | |
return, so that it is viable and private equity investors find it | :05:58. | :06:02. | |
appealing? The government has made switch over to wind power more | :06:03. | :06:06. | |
attractive to investors by providing subsidies and incentives. But some | :06:07. | :06:12. | |
experts say that while wind power is undoubtedly progress, expanding | :06:13. | :06:17. | |
output more means everything. The policies are not relevant any | :06:18. | :06:22. | |
longer, because windmills have already earned their positions. Any | :06:23. | :06:30. | |
new ones will operate at new efficiencies and will at least have | :06:31. | :06:34. | |
the same output. At the moment wind power provides 8% of the electors | :06:35. | :06:38. | |
see the band in India. The plan is to double that. But India still has | :06:39. | :06:43. | |
to build a stable power network that can supply continuous electricity to | :06:44. | :06:48. | |
the entire country. Without that, the role of wind energy will be | :06:49. | :06:50. | |
limited. In a couple of hours' time, | :06:51. | :06:55. | |
official figures should confirm the economy grew at | :06:56. | :06:59. | |
an annual rate of 3.4% in the three It's on track | :07:00. | :07:02. | |
for its best year since the financial crisis in 2008 and the | :07:03. | :07:06. | |
strongest growth rate in Europe. Good news for Prime Minister Mariano | :07:07. | :07:13. | |
Rajoy, who's hoping to get re-elected in just under a month, | :07:14. | :07:15. | |
but is that the whole story? Dr Pablo Calderon Martinez is | :07:16. | :07:18. | |
a Lecturer at Aston University. Give us your take on this shift in | :07:19. | :07:32. | |
Spain. It all sounds great, in terms of the numbers, but is it as good as | :07:33. | :07:40. | |
it sounds? The economy is recovering and the economic situation in Spain | :07:41. | :07:47. | |
was dire. But we have to see whether this will be sustainable and | :07:48. | :07:49. | |
maintained for a long period of time. I don't think there has been a | :07:50. | :07:53. | |
drastic change in the economic policy or planning, so we've seen | :07:54. | :07:57. | |
many of the same mistakes being repeated again. What are those | :07:58. | :08:02. | |
mistakes? They are still basing the economic growth on the same things, | :08:03. | :08:06. | |
internal consumption, exporting to emerge in markets, which is a mixed | :08:07. | :08:12. | |
bag. -- emerging. But there is a drop in development and there's the | :08:13. | :08:16. | |
problem of employment. Unemployment is still there. The unemployment | :08:17. | :08:21. | |
problem for young people in Spain is chronic and that hasn't really | :08:22. | :08:27. | |
changed? That hasn't changed. The item -- an implement figures are | :08:28. | :08:31. | |
dropping, but still it is high. About 20%. -- unemployment. In some | :08:32. | :08:38. | |
cities it is higher than 50%. That's a real problem for Spain. How they | :08:39. | :08:42. | |
will solve that. For Mariano Rajoy in particular, when elections come, | :08:43. | :08:47. | |
that will be a real problem. The economy was always going to grow, | :08:48. | :08:51. | |
the closet couldn't get any worse, but how does that translate into | :08:52. | :08:55. | |
creating jobs, permanent jobs, and how it was all the situation of the | :08:56. | :08:58. | |
young in Spain. Your thoughts about the election, it is towards the end | :08:59. | :09:03. | |
of December, just before Christmas, the only other couple of weeks the | :09:04. | :09:09. | |
campaign. It was talked a lot about anti-austerity gaining traction when | :09:10. | :09:19. | |
Sir -- Siriza gained popularity. What are the feelings now? For the | :09:20. | :09:24. | |
left-wing party, it isn't going away. I think it is gathering | :09:25. | :09:29. | |
strength. It is still there and I don't think it will win the election | :09:30. | :09:35. | |
outright, don't think it has the support to win the election | :09:36. | :09:37. | |
outright. It will be interesting to see what happens. Obviously the | :09:38. | :09:41. | |
economy will be a key issue and my guess is that Mariano Rajoy will | :09:42. | :09:45. | |
play on that economic growth and economic figures. At the same time | :09:46. | :09:48. | |
there are many other issues that worries people, like corruption, | :09:49. | :09:53. | |
unemployment and dissatisfaction with the political system in Spain. | :09:54. | :09:57. | |
Thank you so much for coming in. When we get the numbers, in terms of | :09:58. | :10:00. | |
Spanish growth, we will update you. In other news, a massive corruption | :10:01. | :10:02. | |
investigation in Brazil widened on Wednesday with the arrest of Andre | :10:03. | :10:05. | |
Estevez, the billionaire boss of the country's top investment bank | :10:06. | :10:08. | |
and senator Delcidio do Amaral, The probe that started with state | :10:09. | :10:10. | |
oil giant Petrobras has now reached the highest levels of banking | :10:11. | :10:16. | |
and politics and seriously dented Mud from a dam at a Brazilian iron | :10:17. | :10:18. | |
ore mine that burst earlier this month, engulfing a village and | :10:19. | :10:31. | |
killing at least 12 people, is toxic, according to a report by | :10:32. | :10:37. | |
the UN, which contradicts | :10:38. | :10:42. | |
claims by the mine operator. The accident | :10:43. | :10:43. | |
which has also killed thousands of fish and cut off drinking water | :10:44. | :10:49. | |
for 250,000 people has been described as the country's | :10:50. | :10:52. | |
worst environmental disaster. News of the UN report sent shares of | :10:53. | :10:54. | |
miner BHP Billiton, which co-owns US markets are closed this Thursday | :10:55. | :10:57. | |
for the Thanksgiving holiday. As one turkey received | :10:58. | :11:01. | |
the traditional pardon from the President, a farm lobby | :11:02. | :11:03. | |
group reports the average cost of Thanksgiving dinner in the US | :11:04. | :11:05. | |
this year will rise to a record, Turkey prices have jumped | :11:06. | :11:09. | |
after a bird flu outbreak destroyed more than 7.7 million turkeys | :11:10. | :11:13. | |
earlier this year. That was the one that got away. | :11:14. | :11:26. | |
These are the markets in Asia. Gains across the board. No action in the | :11:27. | :11:30. | |
US for obvious reasons. Wall Street is closed for the Thanksgiving | :11:31. | :11:34. | |
break. On Friday, Wall Street has just opened until 1pm. Some people | :11:35. | :11:43. | |
will go to work! That's all from me for now. | :11:44. | :11:52. | |
Talks are due to begin today to try to stop planned strikes | :11:53. | :11:56. | |
Representatives from the British Medical Association and | :11:57. | :12:01. |