Event their and they are not alone. Lets see how the markets have opened this morning. Bit of a mixed bag so far. And well be getting the inside track on the weeks big business stories, including Mario Draghis economic box of tricks with our very own Andrew Walker. Uk Supermarket Chain sainsburys has pledged to halve Plastic Packaging by 2025. Today we want to know what steps, if any you have taken to reduce your Plastic Waste . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. We start in the finnish capital helsinki, where Climate Change is top of the agenda for eu finance ministers as they meet over the next two days. The European Union wants to be the first major economy to go climate neutral by 2050. One of the big ideas under discussion reforming the tax system to give more incentives to clean energy and penalise fossil fuel use. Researchers are warning that 7 of global gdp will be wiped out by the end of the century if no action is taken to reduce carbon emissions. Governments have pledged to limit Global Warming to 1. 5 degrees centigrade above pre industrial levels. Thats considered the threshold before dangerous changes to the worlds climate take place. The uks committee on Climate Change has warned its 50 50 whether we will be able to achieve that. And its going to cost a lot. 2. 1; trillion of investment in clean energy every year for the next decade and a half according to un estimates. But there are also big opportunities. Investing in measures to adapt our infrastructure and agriculture to Climate Change could produce net economic benefits of over 7 trillion in the coming years, according to the Global Commission on adaptation. The ceo of the Climate Group is with me now. Lets talk about this aim of a Carbon Neutral of zero emissions, is it possible with so many countries trying to decide one policy . We have seen recent reports looking at the uk, the message we are getting is it is possible, achievable but it needs big ambition and it needs us to move at a really fast pace and scale. We have to halve emissions in the next decade to get on the track. That will change economies and how businesses operate. At the same time there is a lot of opportunity for business and business as we work with, we run campaigns which is a commitment to 100 renewable electricity, companies are making big savings now and we are seeing market share. As Companies Make commitments, markets are shifting and prices moving and energy will come down in price. It isa energy will come down in price. It is a market story and as we make these commitments and governments and blocks like the eu set the frameworks we operate in, we will see the markets are moving in the right direction. So many drivers in the eu, poland, is heavily coal dependent and has refused to sign up dependent and has refused to sign up to the carbon pledge. How do they marry the demands of these different nations . It is difficult, poland has 80 dependency on coal. We need to think about how we will transition ina way think about how we will transition in a way that is fair. What we need to see from countries is plans to talk about what they called a just transition, how do we shift economies . We have seen the eu being ambitious on Climate Change and coming through with the way of working together but the key thing is to make the commitment, say they will stick to the Paris Agreement and work to drive towards that. What do you think about the direct action protest we have seen and an upsurge recently, what is happening at eu level but also as far as businesses are concerned at board level . M level but also as far as businesses are concerned at board level . It has been great to see, i have been working on the climate and environment for a long time and it has been one of those issues where the public have not cared too much. They say they do but it doesnt change how they vote or how they purchase. Now we have seen this up swelling from this extinction rebellion. We know the effect kids have on the parents and as parents are in boardrooms and in government. We can talk about the moral case about taking action now, notjust the business case. We are seeing the Public Opinion driving and supporting businesses and governments doing the right thing and we will see that playing out over the next decade. 2. 4 trillion investment needed in clean air, those figures are staggering, where is the money going to come from . We have to look at the cost if we dont do it . Look at what happened in the bahamas, we have seen the impact of these extreme weather events and they tend to hit the poorest people. Huge costs on infrastructure and we will see that play out on insurance premiums and it will be a real cost to business. It will be a crisis for businesses if they dont take this on. We need to see how these investments can pay back, both at the business level and society. Really good to get your thoughts, thank you very much. Lets take a look at some of the other stories making the news. British airways has started emailing passengers to cancel flights two weeks ahead of another strike by pilots. The industrial action on 27th september is expected to affect hundreds of flights and tens of thousands of passengers. The dispute is over a pay rise which pilots say is not high enough. Pilots staged a 48 hour walkout earlier this week, forcing nearly 200,000 passengers to change their travel plans. Google is to pay french authorities almost a billion euros to end a four year investigation into its taxes. The settlement is less than the 1. 6 billion euro tax bill authorities had accused google of evading. The search giant pays little tax in most European Countries because it reports almost all of its sales in ireland. Its Parent Company alphabet made revenues of over 136 billion last year. Uk supermarket giant sainsburys is pledging to halve the amount of plastic used in its stores by 2025. On friday it is meeting with food manufacturers, packaging suppliers, scientists and the recycling industry to try and find solutions to the problem of Plastic Waste. It says customers will have to change their behaviour for example by buying milk in pouches. More on that story coming up. The premier womens tennis event in hong kong has been postponed. The organizers announced on friday that the event due to take place in october will be rescheduled because of the ongoing pro democracy protests. The Womens Tennis Association said they are looking to identify alternate dates. Monica millerjoins us now from our business asia hub. To what extent did they say the pro democracy protests are at the root of this . Is it simply impossible for them to run this event . Do they fear there could be additional protests during it . They are very careful in their wording, they say it will be postponed and possibly rescheduled at a later date. They said the present situation, this is how they have where did this, they didnt exactly say it had anything to do with months of pro democracy protest. But isnt the first event to be cancelled or moved recently. There was a global wellness and relocated to singapore because of the unrest. And producers behind the musical matilda said they were scrapping a month long run in the city that was supposed to kick off next week. People have taken to demonstrate on the streets and it is starting to hurt the economy. 0fficial the streets and it is starting to hurt the economy. Official site tourists arrives arrivals fell 40 in august with Hotel Occupancy rates down about half. Cathay pacific reported an 11 drop in passengers in august during which two occupations of the airport had caused hundreds of flights to be cancelled. They are starting to feel the pinch in hong kong. Certainly, thank you very much monica. Lets look at the wider markets now. There has been a broad uptick in shares during trading in asia. Following reports that the us and china are steadily moved closer to easing their long standing trade dispute, which has been encouraging for investors about the future for the global economy. Lets take a look at whats been happening in europe, the ecb, the European Central bank yesterday cut Interest Rates and promised its Stimulus Programme would be going on for the foreseeable future and would include buying up more riskier bonds. And Vivienne Nunis has the details of whats ahead on wall street today. There will be a lot of attention today on us retail sales for the month of august. With manufacturing output falling here and a number of businesses feeling the effects of the trade spat with china, theres even more focus on Consumer Spending as the main driver for the us economy. Retail sales growth is expected to come in at 0. 2 . There will be another indication of how americans are feeling about the economy when the university of michigan releases its preliminary Consumer Sentiment index. Last month, worries about the trade war caused the biggest monthly drop in Consumer Confidence in seven years. Separately, the Labour Department is likely to report input prices in august fell 04 . Joining us is richard dunbar, investment director at aberdeen standard investments. Good morning. Sterling hasjumped to a two month high so clearly feeling more positive after the uncertainty of the past few months . Sterling has been the best barometer of the ebb and flow of the Brexit Debate and it did get down to 1. 20 against the dollar. Despite the gyrations over the past few days and the nonsense going on at westminster, it does feel like investors are feeling there is a path through this and sterling is the best reflection of that. Possibly why we saw the ftse 100 opened slightly down, because of the relationship with International Companies which put profits in dollars. But the wider market as well, it has some kind of optimism about us and china trade impact . 0ver about us and china trade impact . Over the past few days we have seen Interest Rates falling in europe and the expectation of Interest Rates remaining low in the united states. Company remaining low in the united states. Com pa ny results remaining low in the united states. Company results have been all right. That mix has been reasonably sensible and the trade talks, ebb and flow slightly but things will get better there and i would say that combination has been reasonably positive for the markets generally. What did you make of the ecbs pronouncements yesterday and handing over to companies to improve their fiscal input . There are two main areas, the president of the ecb nailed Interest Rates to the floor for as far as the eye can see. That has important implications for anyone borrowing money and that has given certainty. He was keen to hand over the pattern of Monetary Policy for those who have control over monetary taxes. He was keen for european and german politicians to cut taxes and do their bit to try and engender some growth in what has been unstable european economy. He is not just buying been unstable european economy. He is notjust buying government bonds, but risky bonds, investing in Corporate Bonds as well, notjust in European Companies . Indeed, 20 billion a month he is planning to buy in the bond markets. The bond markets have been well ahead in anticipating what he might buy but he is buying risky things to inject money into the european system to encourage companies to borrow and get consumers to spend. It hasnt worked until now but he is keeping his foot to the floor in terms of his foot to the floor in terms of his thinking. Richard, thank you and we will see you later to look through the papers. Still to come our economics guru Andrew Walker is here to take a look back on the weeks big business stories including trade, the ecbs laest rate cut. Youre with business live from bbc news. Stay with us. Whirlpool have recalled around 65,000 faulty tumble dryers. The company estimate there are still thousands more in our homes that could present a potential fire risk. Bbc reporter Simon Gompertz went to visit a factory in bristol to see what steps the manufacturer has taken to avoid it happening again. Tumble dryers have been blamed for a series of fires, including this at a block of flats in london. Now, in whirlpool, near bristol, thousands of new dryers coming off the production line are destined to replace the faulty ones, at an unknown cost to the company. This is the first time they have let the cameras in. The intention is to show how safety conscious they have now become. Under the recall, owners can get a replacement, a modification or a refund. Of 500,000 problem dryers to find, 65,000 have been located sincejuly. The people that you see working on this floor are working flat out to make sure we have availability of product, and the people taking the calls are working saturdays to make it convenient for you, and when the consumer calls us, to know that within seven days they will get that unit installed. More than 1. 5 million owners like denise in kent have already got theirs modified, so dont qualify for the terms of the recall, and hers has overheated since the repair. That makes me very angry, very angry. I had the modification done when it was suggested. Thats caused my problems, and now im in a situation where im left with a faulty machine while other people have been given their money back or a new one. Its just not fair. Denise wont leave the house while the dryer is on. Meanwhile, whirlpool is under pressure to do more to contact hundreds of thousands who may not even know their dryers could be a danger. Simon gompertz, bbc news. Plenty more stories on the bbc business website, particularly on our business live feed. London fashion week kicking off with concerns about brexit. We have had the chief executive of Britain Fashion Council telling the bbc that the fashion industry is not immune to no deal brexit. Still talking about brexit even with fashion. Plenty more coming up. Youre watching business live our top story. The multi trillion dollar cost of Climate Change. Finance chiefs look for ways to de carbonise europes economy and find the vast amount of investment required. A quick look at how the markets are faring. Allup a quick look at how the markets are faring. All up slightly. Now, its friday so well sum up the biggest stories of the week. 0ur economics correspondent Andrew Walker is with us. The euro zones largest economy germany could be in recession, certainly very close to it. The euro zone is growing rather wea kly it. The euro zone is growing rather weakly and there is this persistent problem of inflation below the ecbs target. The latest figure was 1 , the latest figure is below or close to 2 . Economists are taking the view with Interest Rates already pretty close to being as low as they can go, incremental changes will struggle to have very much impact. Hence the stuff you are talking about with richard a short time ago, about with richard a short time ago, about the ecb saying to eurozone governments, those who have the scope to use their own finances, more spending and tax cuts should do so more spending and tax cuts should do so and mario draghi made that point at the press conference. He didnt name names but he has germany in mind. There are a few others i could help, the netherlands, finland, austria but germany is the big one that has real firepower if it were willing to use it. We have some breaking news coming in from the irish Prime Minister who is saying proposals on the border between ireland and Northern Ireland as far as the proposals from the uk are concerned full very short at the moment. We had the yellowhammer details of that document leaked, certainly shows as though there are continuing fears about a no deal brexit coming from the irish Prime Minister today . Those concerned reinforced by his comments. The british Prime Minister insists he does want to leave the eu deal or no deal on the 31st of october. He is constrained by the legislation that parliament put through and that makes it attempting to rule out no deal, but the idea hasnt gone away and even with the Legislation Parliament has agreed, it would, at least in one scenario, put no deal as the default option but put back to the end of january. We as the default option but put back to the end ofjanuary. We had as the default option but put back to the end of january. We had the publication of some government assessments of consequences of leaving with no deal and they were officially described as a reasonable worst case scenario. Officially described as a reasonable worst case scenario. But it does look pretty grim. The key element was the disruption expected on the short crossing between the uk and france where they reckoned the flows of goods crossing could be down to as little as 40 of normal levels, with all sorts of implications for consumers and businesses on both sides of the channel, but particularly in the uk. The irish Prime Minister has said, islands membership of the Single Market will be very difficult. Lets move away from the yellowhammer and the impact of brexit, lets talk about us china Incremental Development this week. It is reflected in the markets overseas . Yes, we have had both sides in this dispute indicating they are either going to remove ta riffs they are either going to remove tariffs or delay the imposition. President trump was looking at an increase of 5 on 250 billion worth of chinese goods. He has delayed that by two weeks. Maybe that is not a hugely significant move, but symbolically, that combined with chinas decision not to go ahead with some additional tariffs, does perhaps lighten the mood a bit ahead of some talks the two sides are planning. We have seen this before, easing off of tensions ahead of talks and then it all. And when it gets to the crunch point . We have seen so many gets to the crunch point . We have seen so many false dawns and that is reflected in the fact that markets like what they heard, they are not cracking open the champagne to celebrate. They are notjumping up and down with joy at the moment and probably not for some time. We have those talks to come in the next few weeks and we will see if there are any proper developments. Good to see you, andrew. We will take a look at more news, but first a reminder of how to get in touch with us. London, singapore, shanghai, new york. 0ur correspondents have your business well covered on air, online and on the bbcs news app. Check out bbc. Com business for insight and analysis. The bbcs business live page has the latest breaking business news. We want your views too. Get in touch via the business live page, twitter at bbc business or find us on facebook at bbc money. Join the bbcs business conversation. We have been talking about the fact sainsburys will have their Plastic Packaging over the next five years. What are you doing to reduce your Plastic Waste. 0ne viewer says, i have gone to solid shampoo and conditioner bars and cotton buds that have no plastic. The children are enthusiastic about it. I have been using shampoo in it in. It is like soap on a rope used to get in your christmas stocking. I quite like them. Another viewer says living a simple life is better andi says living a simple life is better and i have stopped using plastic Water Bottles when they go off to sporting events. We need legislation now and having it by 2025 is not enough. Idid it by 2025 is not enough. I did really try hard, i switch from plastic milk bottles to glass ones, got it delivered but it was so hard. In the supermarket, it is impossible. Unless i tip it into my handbag. Messy handbag. Martin william says, the reality is plastic keeps food fresh for longer and food waste will increase. That is a good point. Plastic is used for a reason. But another thing that came across my path as it was my other son started secondary school and the kids were told to cover all of their books in plastic. But why . Welcome back to richard, thank you for coming back in. What do you make of this pledge by sainsburys to half their Plastic Packaging by 2025 . It seems like it is almost too little, too late . Like the conversation we have had and the observations coming in from your viewers, i think sainsburys are following rather than leading. I think consumers and customers are enraged by some of the waste going on. You get so much choice in supermarkets but not enough money trying to come to ditch plastic and going for an alternative. I tried it out for a period of time and found it almost impossible. You couldnt find fruit and vegetables in many supermarket without that plastic covering. I think the mood of the country and the consumers have changed. Sainsburys are saying, this is what our customers want and we better follow it quickly. Sainsburys admitted they dont have the solution so that is passing the buck to the manufacturers, give us alternatives because the onus is on you now . There consumers are behaving in this fashion and they are happier to buy vegetables not packed and pack them themselves. They are happy to use the reusable plastic and reusable items we have seen. Plastic and reusable items we have seen. They are definitely doing that. Cost is a real issue because in my experience, it was a lot more expensive to buy items which were not in plastic. Plastic is a very cheap, useful and efficient material. The investment needs to go into trying to find alternatives and thatis into trying to find alternatives and that is not easy. Beeswax is really expensive, less who make it yourself. You are ahead of me there, is his honour. Many companies are trying to innovate, create and think of solutions to these problems and there are plenty of investors willing to back these companies and support that investment. I want to move another story. Facebook is going to ban one of the crypto currencies, sorry france is going to ban one facebooks crypto currencies . France is going to ban one facebooks crypto currencies . We have a lot of these crypto currencies, bitcoin being their most famous. It is going to be backed by stirling, dollar and euro and also we have something sensible here. Thank you very much for coming in and have a great weekend. That is it from business live but plenty of businesses throughout the day. Thank you for watching. Thank you forjoining me. I will ta ke thank you forjoining me. I will take you through the weekend. This is how things have shaped up through the past few hours. We had a weather front tumbling towards the southern parts of the British Isles overnight. You may have heard a bit of rain from that in the south. It is taking time to pull away eventually from the channel areas but building in behind with High Pressure. Today is dry for many spots. Feeling a bit fresher in the air behind that cold weather front than was the case yesterday. Temperatures around 26 degrees in parts of east anglia. Here we are for the rest of today. Dry, fine and sunny and for the greater part of england and wales, a stray shower for Northern Ireland and showers across north and western parts of scotla nd across north and western parts of scotland but even here there is some sunshine. The breeze is a factor across the north of scotland, less so across the north of scotland, less so elsewhere. A fresh feel and temperatures down from where we were yesterday. Around 21 across the north of scotland. Those clear skies persist for the greater part of the British Isles overnight, but where you start importing some cloud across the north west of scotland this will help to keep temperatures up this will help to keep temperatures up but across other sheltered spots further south, you could be down at three, four or 5 degrees also in the countryside. What is going on . The cloud is the first spell of wet and windy weather for northern and western parts of scotland in the first part of the day. Make the most of the dry weather in eastern side of the dry weather in eastern side of scotla nd of the dry weather in eastern side of scotland and indeed across Northern Ireland because it might not last throughout the day. For england and wales, you still have High Pressure in charge so it is a dry, fine and sunny day. Not overly breezy but the wind is a real factor across the north and some of the gusts could be pushing towards 50 possibly 60 miles an hour at times. Fresh feel across the north with the wind and rain the further south we are regaining some of that heat we lost through friday. Pushing on into saturday, tops of 23. The same weather front tumbles into the heart of the British Isles. Still enough for there to be bits and pieces of rain. To the south, humid with 24 or 25 and fresher further north. And eu remains very wide