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tv   Counting the Cost 2020 Ep 28  Al Jazeera  July 11, 2020 12:32pm-1:01pm +03

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of people have protested for a 4th day in serbia's capital they're calling on president alexander to resign in part due to his handling of the corona virus pandemic a french bus driver has died almost a week after he was attacked by passengers when he reportedly asked them to wear masks 5 men have been charged thousands of people took part in the march on wednesday to denounce the attack the u.n. security council as mr deadline to reach an agreement to keep cross border aid flowing into syria aid agencies are warning of dire consequences for displaced people at least 23 people have died and thousands have been displaced by flooding and landslides in the past dozens are still missing with rescuers searching remote areas. those are your headlines it's counting the cost now.
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you. grew but some would never come. when i wanted to take. on al jazeera. hello i'm adrian finighan this is counting the cost on al-jazeera a look at the world of business and economics this week war games in the south china sea washington sends an aircraft carrier is as beijing use its economic might to expand its territorial ambitions. big oil gets ready for a post covert world with billions in white balance by jiri it gets ready to export gas to europe. but no money to send home families struggle to pay for food and rent
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its global witnesses plunged to the pandemic. high in the himalayas in disputed territory china has been exerting its presence to deadly effect 20 indian soldiers were killed in hand to hand combat the standoff between the 2 nuclear neighbors is just the latest move by an aggressive beijing to use its growing economic might in territorial disputes from taiwan to its control over hong kong but its president xi is reach across the south china sea that we want to look at closely this week to do that its defense spending is inching higher and higher from $143000000000.00 in 2010 to $261000000000.00 in 2019 al-jazeera alex go topless takes a closer look now at china's naval ambitions. this is a photo of a shipyard in china so it shows night watch ships a missile defense system an aircraft carrier and
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a whole craft all being built similar taney seen shanghai and this is just one of several shipyards churning out warships. all the ships are part of china's new navy we started off as a coastal defense force protecting its shores and is rapidly becoming a massive group of integrated feelings capable of reaching further and further out as china becomes a global military power but china insists he's not interested in using all this power to dominate the region according to a recent government report the navy's only there to defend itself and its interests among never trying to see if yemeni expansion. so what is china's rapid naval expansion mean for its neighbors. here's what china sees when it looks outside its borders it's one of the biggest military vessels japan has commissioned a menacing reminder of vladimir putin's military ambitions chinese subs are
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a potential target the in the pacific region is becoming increasingly volatile as china india the u.s. and others jockey for control to stay on top china has dredged islands in the south china sea for new military bases expanded its marine corps from 20000 troops 210-0000 introduce a whole host of new military technologies to its naval hospital as china's economy has grown it is used its wealth to secure strategic locations for any future use by its navy money has been poured into ports across the indian ocean in order to secure access rights and it's not just money it's also about resources china's large coastguard fleets a supplemented by maritime militias posing as fishermen but answering directly to the military they have harassed vietnamese and filipino. fishing fleets in an effort to control resource rich regions like the south china sea and some regional leaders have already accepted china's economic dominance when the sea is
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a main dish. for them to vent team. china's neighbor forces now operate on a 2 track path on the one hand its militias and coast guard a dominating vital regions intimidating the vessels of other countries in order to establish control what we've seen in the last few years is when there's been disputes there's been a constant reaching for diplomatic channels from actually going to china. and other countries supplying the briefs on the other the size and power of the navy itself is stopping china's neighbors from pushing back against this low level harassment china doesn't want to engage in a military strategy it uses military power to enhance you simply lost the region but it's all part of the same package even though the sea surrounding china are increasingly under its control its navy hasn't slowed down instead it has extended
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its reach with china's navy wanting joint exercises further afield with pakistan iran south africa and russia all this has made china's neighbors increasingly fearful of the giant in their midst in response to life fire drills near taiwan the u.s. recently rushed through a large home sale the taiwanese government and after china showed off its anti ship and hypersonic missiles and japan started beefing up its own missile defenses and navy as china's military expands its influence the potential for conflict is growing its neighbors are unable at the moment to go up against this rapidly expanding regional power their concern for the future quietly arming and forging their own alliances in an effort to protect themselves against the rise of a regional superpower. joining us now via skype from. singapore is col and co colin is a research fellow at the institute of defense and strategic studies at the s. rajaratnam school of international studies great to have you on counting the cost
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there doesn't seem to be a nation in around the south china sea that beijing doesn't have a territorial dispute with what lies behind china's claims. i mean basically it is a whole range of interests concerning china in the south china sea for example we are likely more aware of what we call territorial and jurisdiction a dispute in the south china sea and the release to a hold of thinks. for example energy. but it's also important to highlight that you know there is a strategic dimension of trainers constant interest in the south china sea and their release though china's evolving maritime strategy that increasingly looks outwards trying to expand strategic depth and paramita against external aggression though this is something that is not that well. in the future but is increasingly
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important the dynamics between chinese and american will force us in the south china sea in recent times the us has 3 aircraft carrier groups in the region the chinese don't have the firepower to match the us yet truly you new us has a $100.00 plus head start how long bow before china is on a par militarily and at what cost to its economy. yes this is a very good question i was that i said this question in 2 ways one is to highlight 1st of all the there is a difference fundamentally between the u.s. navy and the chinese navy for the u.s. navy is by nature and through history a global navy it has all the widespread interest 'd 'd and therefore is a cost carrier capably it's a spread out across the region the chinese navy at the moment the chinese navy has
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primarily its focus on its immediate waters in the western pacific where by means that you know is able 'd to bring its firepower to bear mostly on this region so needed i think me it's important to highlight that you know you are right to point out that the chinese navy still lags behind the u.s. navy in terms of carrier borne a vision capability that is certainly one area to look at we are probably looking in the next one decade or so as the navy right now is trying to get with the u.s. navy by trying to build more eco carriers try to build more carrier jet trying to train more carrier pilots and trying to create a full fledged battle group by building a host of other stuff a combatant as well as underway with that human vessel the u.s. has places alliances around the world which enables it to extend its reach what does china have the pelton road initiative is it damaging any goodwill around the
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world this is an important question because right now even as we're speaking the barrow initiate the solver it's a controversial project given what has been developed so far for example anything one curricle what happened with sri lanka. do you. see and hear some 99 year lease. well china so they're actually in or is are not of very good publicity for china by i mean using their example at the beirut initiate the if is china's saw the strategy to try to create you know if placed under the wool know its own internationalist they should be a key great power a u.n. security council member and the thing is true the ban will initiate the especially true that any 1st century. initiate the china envies ager's beauty
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a string of course in infrastructure the region especially those that will concentrate the around it's always asia and the indian ocean these in peacetime were allowed up here in the the project force but you what kind of these forces these will be held under question are we right in thinking that china appears at the moment to be much more confident aggressive if you like from what it's doing in hong kong and taiwan but deadly dispute between india and china on their border and what kind of economic damage is that likely to do to china there's already been pushback from from india. and there's a possibility of more sanctions from the us. i wouldn't really call that confidence i mean if anything what we have seen in recent times being the border closure of india or what we saw 'd in
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a whole string of cause the activities in the south china sea and i think this reflects largely a growing insecurity and paranoia of the communities our party in power actually the thing is an all in kinds of great pressure. if you look at what happened in china in the in the recent times look back at the trade war with the u.s. and look at what happened to hong kong what happened in taiwan with the election that doesn't touch in china stable and you look at you know the pandemic a brick itself in china i think there are actually a gruelling domestic pressures would be trying to reach their bio blige as the community's party to likely try to distract public attention and rally the people around some nationalistic agenda so we talk about economic damage i think right now china is facing some fundamental structural issues that arises from the
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pandemic outbreak and its impact on the economy we are going to see likely in the future a shift in the global supply chain over time you know take place also in but know is going to take place and how countries start to recalibrate and you know how do we do china for example what happened right now with the u.s. sanctions. you know a host of other issues like we while away these going to like the as the as a bit china's economic woes and you might potentially from china to try to prop the u.s. the worst form of settlement in the future comment it's really good cook too many thanks indeed for being with us from counting the cost. oil producing nations are adjusting to the new normal post pandemic long in development nigeria has opened the taps on a $2800000000.00 gas pipeline which it hopes will deliver on jobs and reduce its dependence upon oil al-jazeera as ahmed address reports from nigeria. after
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15 years of delay nigeria's trans national gas pipeline is finally and the way the pipeline with the capacity to deliver 2200000000 cubic feet of gas will feed power plants and reactivity industries in central and northern nigeria. officials say the pipeline will draw from a little pipes in the south deepening the use of gash an indication that the country may finally be shifting focus to the actual gas after more than 60 years of dependence on oil. and never will. cause the country and also particularly in areas where does such opportunities didn't exist and by extension also to create opportunity for employment where you have more resources when you develop more continue to for growth of your local economies you also have bigger market because as we go forward. a transition of
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diminishing across the globe of the new 600 kilometer pipeline will also link up with the existing network of pipes to deliver gas to the countries neighbors and eventually to europe through the 4400 kilometer transonic gas pipeline for more than a decade nigeria which produces on average $2000000.00 barrels of crude oil a day so it is because of oil market volatility it after more than half a century of production analysts believe the country has not maximized opportunities from product whose global price and demand is now diminishing. where i think we might have done better our radios in the cost of production i think over the years. not only did we sort of grow production or we know reorganize production from joint venture to p.s.a. production but we allowed the cost of production to go out of control issues
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relating to security and all sorts of things so basically the net benefit per barrel of oil exports that was actually reduced so regardless of how much you produce if your cost of production is not optimal it's not good business industrial production in africa's biggest economy has fallen drastically mainly due to partial to the country currently produces less than $5000.00 megawatts of electricity despite having the walled 9 largest natural gas reserves of $203.00 trillion cubic feet the government holds. china access gas kind of being played by all companies to generate electricity. an estimated 800000000 cubic feet of gas is flooded every day from $174.00 points across the country the petroleum ministry said this costs nigeria more than a $1000000000.00 i do source that could be used to produce 3000 megawatts of electricity. the country's newfound interest in gas could father propel the use of
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compressed natural gas in cause as global interest and patrol reduces that's an initiative. which is to increase. across the country as a project that will soon take off and the whole idea is to see how mobility. would see an engine and this is the expansion of opportunities and not only that it's also the budget on. africa's biggest oil producers to be imports premium or to spirits or petrol with huge subsidies but despite winning appetite for oil analysts say demand for nigeria's light sweet crude will remain the crude oil that we have is never going to go to waste. whether we export it the the local demand regardless of the fact that the crude oil demand is on the decline globally
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the local demand for crude products would always still be reasonably substantial coupled with the excess that we're going to have sex. so i think that there is a place for. i think that. is reasonable it can grow slowly but i think it's important to make sure that we operate more efficiently although threats to oil pipelines and crude oil theft have reduced over the years and resumption of attacks on the infrastructure could derail nigeria's dream of boosting its domestic gas utilization and exports. al-jazeera which are. no cars on the road no planes in the sky of no trains on the tracks from beijing to l.a. clear skies gave the world room to breathe was it a vision of the world without oil big oil doesn't believe that we'll get back to past ovals of oil consumption and many produces a remaking themselves for a world uses a lot less oil joining us now from london via skype is such
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a chronic charlie is a senior planet advise a greenpeace u.k. jolly good to have you with us is this not a transformative moment for the oil industry or are we just seeing oil companies preparing themselves for a new reality a new oil price low oil price environment. i think it's an inflection point this this moment has been a long time coming and both analysts industry professionals and obviously environmentalists have highlighted the fact that if we're going to address the issues and challenges of climate change or oil and gas will have to be a much much smaller part and ultimately play no part in the energy future post 2050 i think what this moment has shown us is that that that that transition and that transformation could be coming much much sooner than anybody in the industry expected so when b.p.'s chief executive talks about becoming a net 0 company by 2050 what does he mean is it just going to keep more of the oil
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in the ground is it going to move into into greener technology but still be b p. i guess you'd have to ask him that for sure but i mean what's in what's absolutely implicit in their target is that they said they are going to have 0 emissions for the oil and gas that they produce by 2050 so that means either there's going to be virtually no or the gas produced and sold by 2050 by b.p. or they're expecting their customers the end users to somehow either capture and sequester those emissions or to offset them somehow and that is the big big uncertainty in this are we talking about a 0 carbon world in 2050 are we talking about a world with an awful lot of carbon bookkeeping and accounting trying to juggle it so b.p. is said what they intend to do but what they can't say is what their customers are going to do whether we like it or not whether the end whether it's good for the
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environment or not the multi-trillion dollar oil industry is here to stay for the next few decades at least our way at least seeing enough of a transition to wind power solar power a government's spending more in those areas pushing more stimulus into those areas in other doing well enough. governments aren't anywhere near well enough if you look at the recent stimulus whether it's come from the european central bank or the bank of england here most of the the coded response payments and gone to low carb high carbon industries with virtually no conditionality attached and governments frankly are not stepping up whatever they say what's interesting though is that the markets are beginning to realize that the future propulsive yields is much much weaker the decision by dominion to abandon the mid atlantic gas pipeline in united states recent announcement by the european investment bank that l n g isn't going to be
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a part of the energy future because it can be out competed by renewables what that shows is that the transition is actually had both what the fossil fuel industry and governments are already expecting. oil hasn't been the desired boon for countries like nigeria nor is it likely to be as long as prices remain as low as they are. you think about things like the environmental damage of the niger delta. the what's been the cost of foot from nigeria of trying to get on to the oil boom. it's i mean it has been huge in both financial terms because the money that was was extracted with that oil never seems to been repatriated to nigeria and certainly not made it down to those communities that have been most impacted by it but and those same challenges are going to be faced by countries all around the world you know guiana is is looking at an oil boom right now that's been that's been fueled by exxon discoveries there will that money particularly in
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a low price environment ever end up with the poorest people in the poorest country in latin america it's unlikely but even if you look at a country like the united states the impacts of the petrochemical industry in the mississippi delta for example have been very uneven in terms of the way the benefits have been distributed both to the companies that have done well a lot of it to the to the fund in sears who financed that but definitely not to the communities that live around the refineries in the pipelines really good starter charlie many thanks indeed for being with us on account of a cost thank you very much. now the world bank expects global written sis to plunge 20 percent to 445000000000 dollars this year and that's some slump considering the 2008 financial crisis soared to climb of just 5 percent millions of african families who depend on money sent home by relatives working in other countries are struggling to pay the rent and buy food. reports now from kenya.
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us money. from somalia has been living in the kenyan capital nairobi for the past 17 years. employment the father of 9 children has always depended on money sent by friends and relatives to feed his family and pay other expenses. he says he hasn't received any money for the past 3 months. on a lot of different meaning we have some relatives. who are already in the u.s. and canada and u.k. so they used it to send out something a month in the month his situation is similar for many other families with breadwinners walk in other parts of africa. julia of the a mother of 2 is visiting a money transfer office for the 1st time in 3 months. my husband is a trader and say it's a done and he was forced to close his business he's been unable to send us any
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money since march we've been forced to live off our meagre savings before the outbreak of the koran of violence bungle holes like this one will be full of customers eagerly waiting to collect funds sent by their relatives abroad and now they're few and far between lockdown measures adopted didn't many countries have led to job losses for migrants and consequently a reduction in remittances. funds sent home by migrants from subside enough to tenfold from 4800000000 in 2000 to 48000000000 in 2018. but the world bank predicts a 23 percent fall this year in international remittances to africa because of the covered $1000.00 pandemic that will have implications for the economy to spin countries most of the middle income countries depend on remittances so if we can't have remittances being transferred to these countries it's becoming increasingly
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challenging and this was certainly impacting the development in countries such as somalia where there are no reliable banking services airport closures and flight cancellations have made to remittances have been more difficult. workers at these money transfer company which operates in at least 40 countries in africa calling on the global financial institutions and governments to intervene an issue the continued flow of remittances and how. they will be connected. and that's our show for this week if you'd like to comment on anything we've seen you can get in touch with us tweet me i'm a fan again on twitter use the hash tag a j c t c when you do or you could drop us a line counting the cost of al-jazeera dr net is our e-mail address. as always there's plenty more for you on line at al-jazeera dot com slash c.t.c. that takes you straight to our page and there you'll find individual reports links even anti episodes fuser catch up. but that's it for this edition of counting the
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cost i'm adrian fenty going for the whole table here in doha thanks for being with us the news on al-jazeera is next. in india identity politics on the rise what we're seeing is the construction mills budget cuts and loads of millions of people across the country and there's a dark side isn't do seek the grit from his office the majesty of the him into something more like the team i didn't see of the british football i meet with victims of violence and discover what life is like for minorities in the country join me on my journey in search of india's soul on al-jazeera short films of hope. and inspiration. a series of short personal stories that highlight the human triumph against the odds.
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al-jazeera selects. this is al jazeera. along give it al this is the news hour live from doha coming up in the next 60 minutes. remembering a genocide 25 years on a somber day is being mocked in srebrenica where 8000 men and boys were murdered by
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both b. and serb forces. voters in hong kong it's true that which democratic candidates could run september's legislative council elections.


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