Transcripts For ALJAZ Counting The Cost 20240712 : vimarsana

ALJAZ Counting The Cost July 12, 2024

Mens room desk of it which has been shown to shorten the hospital stay of current virus patients democratic president ial nominee joe biden plans to remove all negative ads about trump biden said that the president s infection is a reminder of how serious the pandemic is like the stuart Broad Knowledge which are sure all you do is well so you mark prayers for the health and safety of the 1st lady president proves the United States after they tested positive for kuwait 90. I worry that you and i prove that you will make a quick and full recovery this is not a matter of politics its a bracing reminder to all of us we have to take this virus seriously. Number of people in india who died from the corona virus has passed 100000 a city 10 percent of global deaths september has been indias worst month with daily cases and fatalities outstripping those in any other country. Spain is limiting who can leave or enter the capital its part of a new lockdown to stop the spread of coronavirus there the Central Government insists the measures are necessary because of a recent spike in the number of infections facing opposition from regional officials who say the shutdown will cause chaos uncertainty and unrest. And the court in italy is deciding whether former deputy Prime Minister should stand trial for kidnapping the case sems from an instant last year when he refused to allow a coast guard ship with more than 100. 00 migrants to dock in sicily that left them stranded at sea for 6 days the far right leader is also accused of abusing his power could face 15 years in jail if found guilty and may be barred from Public Office those are your headlines more news after counting the costs. Hi im Steve Clemons and the question i ask these days its hard to filter out the noise in keep track of whats really important the bottom line tackles the big issues this issue in the United States its people its economy and the way it deals with the rest of the world the bottom line only. Hello im sam is a than this is counting the cost of aljazeera your weekly look at the world of business and economics this week tensions in the South China Sea over shrinking fish stocks as beijing sends out a naval armada to stake its claim the United States steps up plans to build in the ploy warships to the region also this week responsible capitalism the investors who got the chief executive of industry in mind are fired after blowing up aboriginal sides. Plus the 1st motor show during the pandemic we talked to the man behind valvo those electric grand and ask what damage the pandemic has done to the Auto Industry. Competition for dwindling fish stock in the disputed South China Sea creasing tensions china has sent out an armada of naval vessels to defend its claim to about 80 percent of the sea fisherman from surrounding nations say theyve been harassed all ran by chinese vessels or countries are unable to stand up to beijing are turning to the us for support which is deploying more warships to the region to counter the worlds biggest naval force and were going to focus now on overfishing and the damage that is doing to the delhi. Ecosystem fish stocks are estimated to have fallen by as much as 95 percent since the 1950 s. According to the center for strategic and International Studies it also estimates catches a fallen by as much as 75 percent in the last 2 decades one of the biggest reasons for the depletion of stocks is government subsidies which allow Fishing Vessels to stay out longer travel further necessary china handed out 7200000000 dollars in 2018 globally government subsidies to the fishing Industry Standard about 35000000000. 00 americas top diplomat mike pompei recently denounced chinas territorial claim to waters fish by filipinos as completely arm law for the support from the u. S. Has been cautiously welcomed by fishermen in the philippines who say theyre being pushed out by the chinese navy general allen dogon reports from the northern philippines. So near oil or remembers a time when the sketch was far more abundant there was many years ago when he says he was still free to fish inside the lagoon of Scarborough Shoal just a little over 120 nautical miles from his hometown of machine look in some ballast province that was until Chinese Navy Warships seized control in 2012. No you can disobey the bigger chain dispersals we know we are no much against them we stay far from them government leaders in beijing claimed the South China Sea as there is saying its been part of chinese territory for thousands of years and chinas military continues to build installations such as on the Spratly Group of islands the triple ministration u. S. Secretary of state michael d. Is says the chinese claims to the South China Sea are completely unlawful. And washington supports 5 Asian Countries indonesia malaysia the philippines and vietnam to whats been described as their inherent right to exclusive Economic Zones there. The philippine secretary of defense the finlands on the supports pompey is message to china and there in the says china should abide by the 2016 ruling when the Philippine Government one its case against china at the International Tribunal in the hague but philippines president really good to tear down has repeatedly said the china is a far more powerful country and doesnt want to risk going to war the u. S. China dispute is seen by many countries as a conflict between 2 competing superpowers but geopolitics isnt the issue here in the philippines for millions of filipinos living in coastal communities like this one Food Security is at the heart of the South China Sea this. Many of the fishermen who sail to Scarborough Shoal sell their catch in local markets like this one in a box box in the unit the fish used to be delivered to us in crates now fisherman just come and bring supplies in bales it takes about 5 fisherman for us to have this much to sell and the price of fish has tripled filipinos here tell us they find it ironic that they live in a country rich in Maritime Resources and yet the majority of them cant to regularly afford even just a kilo of fish they welcome the u. S. Is backing with cautious optimism but they know that help should come from their own government 1st. So what does overfishing and chinas claims to the South China Sea mean for future catches and tension in the region well to answer this im joined by top of a great smattering of the chief executive of the China Ocean Institute good to have you with us so is china 1st of all soley responsible for overfishing in the seas no a lot of chinas neighbors have big Fishing Industries and japan was the 1st country to have a Large Industrial fleet and the 1st Bilateral Agreements in the 1950 s. In east asia were to prevent japanese from fishing in chinese waters so now you see the opposite you see chinese fishing in japans waters or koreas waters and then in the South China Sea the nama is a huge fishing nation if youve ever driven along the the enemys coastline at night its like looking out on a starry sky its look at on the ocean and see all the lights from the Fishing Vessels. And the philippines indonesia there are big fishing nations and essentially whats happened is the South China Sea was traditionally for centuries available for everybody to use and weve overlaid this new system of sovereignty through the Un Convention on the sea and that has led to people fighting over what belongs to whom and then if you add to the increased populations in the region and new Fishing Technology you get overfishing so china definitely catches the most fish but theyre not the only ones responsible damage is being done to global stocks that especially with practices like trolling. Yes so probably the most damaging event is the development of the huge industrial fleet so that started in the mid 20th century and it was you know the start of the modernization era and people approached fishing the way they approach factory work so the thinking was that if you added better inputs like bigger Fishing Vessels and Better Technology you would get more fishes outputs but Natural Systems dont work that way and theres so much we dont know about the oceans and theres lots of potential for discoveries like new antibiotics and antivirals for marine organisms but things like trawling you know sweep up everything thats on the ocean floor and destroying marine habitats and destroying marine organisms without a sea than necessarily knowing that theyre there and even non fishing practices like sea bed mining can can do that too so its important to have a precautionary principle in our approach so for example in the arctic countries have agreed to a temporary moratorium on commercial fishing in order to better understand the ecosystem there before we just go in and catch everything but there are other parts of the high seas which belong to no country that need Management Systems and another important aspect is the subsidies we provide to the fishing the Large Industrial fleets those need to be limited while will come to subsidies in the moment but listening to what youre saying it sounds like its a very complex situation and youve got to wonder whether you know when you listen to the u. S. Secretary of defense talking about how the u. S. Must build more naval ships to Counter China is that the best way to deal with the issue does that solve all of the problems youve been mentioning. Now i mean the u. S. Navy is not going to be leaving the South China Sea anytime soon but the rapid increase in u. S. Presence there is just going to escalate things with china and thats not what we want either so i think we need to think outside the box in terms of managing our Natural Resources there you know its. There always be hard Security Issues but the environmental Security Issues are also really important for regional Food Security and theres a lot more potential for cooperation and this area as well but what do you make of the arguing that perhaps the chinese approach is different how much of an issue is the use of that diplomacy as its called to get access to seas and oceans. Yes so that is a problem in places like africa in countries some of the countries in the you know the Pacific Island nations and so this is chinas distant Water Fishing fleet which operates on the high seas and also in the coastal waters are the exclusive Economic Zone countries on the basis of bilateral fisheries access agreements and so one of the things that china does is it avoids some of the limitations that host countries have on foreign pushing fishing fleets by refining their vessels and there was a recent report that estimated as many as a 1000 Fishing Vessels are operating this way that are actually owned by the chinese and so for comparison sake the regular chinese distant Water Fishing industry is about 3000. 00 vessels maybe a little bit less but are of around that and so earlier this year china revised its distant Water Fishing regulations and require certification now both from china and the host country if theres the establishment of a wholly owned or joint venture with the host country or you know any reflag ing but you know this is this is a great step and it you know it shows that china recognizes that theres a problem however we have to see how well this is going to be enforced thats a really important issue and then in addition to the Fishing Vessels theres also an issue with the fish carriers being reflag to other countries and those are increasingly shipping fish back to china briefly how much of a problem the subsidies so subsidies are really important issue because they distort the bottom line for Fishing Companies making fishing profitable when it wouldnt be otherwise and chinas not the only one but it is the Worlds Largest fisheries subsidize or it provided an estimated 21 percent of the global total fishery subsidies in 2018 and 27 percent of the worlds harmful subsidies so those are subsidies like fuel subsidies that increase fishing capacity. And you know it really shows everyone was paying attention to the fishing fleet around the chinese fishing fleet around the Galapagos Islands and 2 thirds of that fleet came from judge john province and its no surprise that juggling is the province that receives the most subsidies from the Chinese Government so the right now is working out an agreement to discipline fisheries subsidies but china wants to be given special and differentiated treatment as a developing country and so thats pretty controversial its complicated though because other industrial fishing countries have also large fleets and theyve just done all their fishing mostly in the past but its you know its important that we work out this issue and limit subsidies because its crucial for our long Term Economic and Environmental Security that we get a deal on that issue its wonderful getting your perspective thanks so much tabitha thank you for having me. And so often said management runs businesses to maximize returns for shareholders right now it appears investors are looking for something more than just profits returning to e. S. G. s or environmental social and governance metrics well the biggest scalp to fall for breaching those standards is being the chief executive of astronomy and mining giant rio tinto initially the miner fined 3 executives 5000000. 00 for their part in the destruction of 46000 year old aboriginal sites in Western Australia rio tinto had received legal permission to demolish the caves back in 2013 but when the archaeological importance of the rock shelters became clear the company failed to change course. As the pandemic wipes out decades of Economic Growth and Poverty Reduction long festering inequalities being exposed movements like black lives matter have taken to the streets to egg raven says and seek justice institutions from wall street banks to Media Companies have acknowledged their shortcomings in the pledging to do more to diversify workforces even all giants like b. P. And shell of decided to accelerate the move to Green Technology they plan to invest in Renewable Energy and norways trillion dollar wealth fund is selling its coal last its back in australia aboriginal Campaign Groups have stepped up campaigns to protect other significant historical sites joining me now from cut off in Western Australia is Peter Jeffries peter is the chief executive officer of the Western Australia based Aboriginal Corporation good to have you with us if we could start off by talking about your concern why are you concerned about what proposed developments might mean for australias 1st underwater heritage finds. The significance of the recent. For our traditional honestly in richer and richer and more broadly across australia this is significant in that its a. Lot of trial and in australia and there were 2 tribes located just off the coast here at meridian. And lee the historic treasures date back between 7 and 8000 years ago but more importantly it control our belief and our history to our political absolute in areas that are now you know under water today the sea level rise. Rio tinto sea as im sure you know was recently fired because of destruction of the jew can cause were you surprised by this move no i think we werent surprised you know you know you know with regards to marriage you know i think you know it it just now puts a little bit of more of an international and national law. You know spotlight on top of activities that are done. By Mining Companies across australia and i think more importantly around the world as well and you know if you just say you know you know us here in australia that that dish you know unfortunate occurrence you know incident should

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