5,500 additional gigawatts of renewable capacity to come online between now and 2030. Thats more than the current Power Capacity of china, the european union, india and the United States combined. China is leading the pack, responsible for 60 of the additional output. And solar is winning the renewable race, making up 80 of the forecasted growth. But Electricity Infrastructure is not keeping up. Up to 10 of renewable energy is going to waste because its not able to be stored at times when more is being generated than needed. For more, joining me now the ieas Executive Director, dr fatih birol. This is a rare piece of good news and shows what can be achieved when a real effort is made. It is extremely good news for everybody, i would say, almost everybody, i would say, almost everybody around the world, because renewables are growing very strongly and there is huge potential for them to grow, and the main driver of this is very strong, massive growth is not necessarily climate policies.
The issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn these futures around 7 one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. system. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, these bad property investments for a very long time but the banks need to have a better capital base to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects with a 1% return on assets. You need to get the
Fanning the flames. What can the government do? we talked again about the issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn this future is around? one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, bad property investments for a very long time but the banks need to have better capital to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects w
In about 90 minutes time well get the latest health check on the economy and everyone is asking the question will the numbers reveal we are officially out of recession . Well, most experts predict yes, and say we will see a smidgen of Growth Injanuary of 0. 2 . This would confirm the Bank Of Englands suggestion that the downturn is behind us. During the final three months of last year, the data showed the uk slipped into recession and inflation injanuary was at 4 so its still twice the Bank Of Englands target. Lets discuss all of this with azad zangana, Senior European Economist at schroders. Good morning to you. Are you with the majority believing today will give us a Growth Number . Today will give us a Growth Number . ~. ~ ~ number . We are. We think it could be number . We are. We think it could be even number . We are. We think it could be even a number . We are. We think it could be even a little number . We are. We think it could be even a little higherl could be even a little h
Than 170 million users in the us. The measure is the latest in a series of moves in washington to respond to Us National Security concerns about china, from connected vehicles to advanced Artificial Intelligence chips to cranes at us ports. Lets get the latest on this our north America Business correspondent erin delmore has been folllwing the vote from new york. Just how significant is this . Because it is the first stage, isnt it . ,. ,. , it . There is more to come. Exactly, ben. It it . There is more to come. Exactly, ben it sets it . There is more to come. Exactly, ben. It sets the it . There is more to come. Exactly, ben. It sets the table it . There is more to come. Exactly, ben. It sets the table for it . There is more to come. Exactly, ben. It sets the table for what ben. It sets the table for what could be further action and to be very specific, the action says that the company, the Chinese Company that owns tiktok would have to either divest, that mean cell, tiktok or face a