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This is the business briefing. Im sally bundock. Deadly heatwaves, wildfires and flooding the catastrophic impact of Climate Change now the un chief focuses on our failure to curb fossil fuels. And fear, pain, disappointment, helplessness and torment, words of huaweis financial chief meng wanzhou penned on the First Anniversary of her detention. And Financial Markets in asia have started december on a bright note better than expected news from chinas Manufacturing Sector boosting optimism in the region. We start with the spate of deadly heatwaves, wildfires and floodings that made calls to fight Climate Change more urgent. The Un Climate Conference gets under way in madrid today, the cop, or conference of parties will see almost 200 countries attending, as well as business leaders. But its a mammoth battle the big target from the Paris Agreement signed three year ago aims to limits Global Temperatures increases to 1. 5c above pre industrial times. Now the cost is huge, too. Advanced economies have agreed to spend 100 billion a year by 2020, but not all the funding has been forthcoming. The money would be used to help poorer countries invest in green energy and renewable technology. The worlds biggest polluter is china, responsible for about 27 of co2 emissions. And as its grown its economy over the last 18 months, its increased coal based electricity production, which researchers says threaten the paris targets. The us is the worlds biggest economy and the second biggest carbon emitter at 15 of the total. But President Trump has pulled out of the deal, saying it would hurt economic growth, but many of americas Biggest Companies disagree. The un secretary general Antonio Guterres said the worlds Major Economies had made utterly inadequate efforts of to curb carbon pollution. What is still lacking is political will. Political will to put a price on carbon. Political will to stop subsidies on fossil fuels. Political will to stop building coal power pla nts will to stop building coal power plants from 2020 onwards. Political will to shift taxation from income to carbon. Taxing pollution instead of people. We simply had to stop digging and drooling and taking advantage and take advantage of the vast possibilities offered by Renewable Energy and nature based solutions. Paul dickinson, founder and executive chair cdp a global not for Profit Organisation that advises businesses, it represents more than 800 investors with us 100 trillion in assets. Good morning and welcome to the programme. What a businesses doing . Fundamentally they are recognising we have a huge, Global Challenge of an unprecedented size, and they are changing their Business Model is fundamentally both to reduce their own fossil fuel consumption, and to develop products and services that the public want to buy, because nobody wants this horrible problem. And depending on what the business does and what industry they are in will depend on the challenge and the enormity of this. For anyone in the Airline Industry this is huge. But for those already making sustainable shoes, a small business, they are doing their bit, its very vast, the difference in terms of the challenge and the strategy they must put in place. Sure. Ostle fuels are used in just about every aspect of all of oui just about every aspect of all of our society. We have about 8400 Companies Reporting to us in certain sectors, you have mentioned airlines, people making steel and cement, they have major problems. Many of them are setting science based emissions reduction targets. Electric vehicles, people know them quite well, but also things like food, we are seeing huge change in Companies Like beyond mead, selling products that are as good or better than me with 7 of the Agricultural Land use. What extent does government policy need to kick in, not just the uk government policy need to kick in, notjust the uk but across the world. We need more stick unless carrot, dont we . Absolutely, fundamentally. This Un Climate Conference coming up is probably the most important conference in the world in many ways, yet we dont have governments acting decisively to protect the public, which is kind of the governmentsjob, to protect the public, which is kind of the governments job, actually. So we need the regulation of Greenhouse Gas emissions. And if you wa nt to Greenhouse Gas emissions. And if you want to see this in action in the past, look at the prices of cigarettes. As the price of cigarettes. As the price of cigarettes rose in economies, the consumption of cigarettes fell, and its the same with fossil fuels. We have two leave it there. Im sorry. Paul, thank you very much for coming on the programme. Absolutely fascinating. There is a lot more detail on our website and we will be covering the conference in madrid extensively on the bbc. But now we must move on. Huaweis finance chief meng wanzhou has penned an emotional letter on First Anniversary of detention. Writing that the past year has witnessed moments of fear, pain, disappointment, helplessness, torment, and struggle. Lets go to our Asia Business hub where Karishma Vaswani is following the story. Karishma, i cant believe its been a year. It has flown by for us but not for her. I cant believe it has been a year either. This arrest was the defining turning point in the us china trade war. Many analysts say it was the point where the chinese telecoms giant became the bargaining chip between this battle with the us and china. In the letter meng wanzhou with the us and china. In the letter meng wa nzhou published with the us and china. In the letter meng wanzhou published on the highway website today she also said she has learned to face up to and accept her situation and adds she is no longer afraid of the unknown. Just to remind the audience about the fact that this case, miss meng was arrested in vancouver airport a year ago on the request of us authorities, because the us believed she had skirted sanctions on iran mark. She is currently on bail and has spent most of her detention straddling between her frankly luxurious home in vancouver. But her fate is a far cry from two detained canadian citizens who were arrested in china, widely seen as a retaliation to mengs arrest, and they are still in prison in china. Thank you karishma with the latest on that. Now lets brief you on some other business stories russia is to supply china with natural gas through its new 3,000 kilometre power of siberia pipeline for the first time today. The 30 year, 400 billion deal aims to deliver 38 billion cubic metres of gas a year by 2025. Russia forged closer ties with china after the west imposed sanctions on it over its annexation of crimea. The boss of the bank of england, mark carney, has been appointed United Nations special envoy for Climate Action and finance. Mr carney will take up his new post once his term as governor ends on 31 january 2020. The announcement comes ahead of cop25, the uns annual Climate Change gathering in madrid. The Construction Industry is one of the highest risk sectors in the uk for insecure, unsafe and underpaid work, according to the government. Thejobs are casual, short term and often filled by migrant workers, making it prone to illegal working conditions. Authorities are trying to prevent it. But with 3 Million People employed in the industry, its a difficult task, as Katie Prescott has been finding out. Its a familiar scene in this part of it is london. Early in the morning, groups of men gather outside this diy store, waiting to be picked up for building work. Its so well known about its practically a job centre, and its a site that is repeated around the capital. Sight. How must you get paid for one days work . 50, £60. Sometimes more, sometimes less. In the you have to get paid £8 20 an hour. Yeah, but we dont have documents. As remaining inns, these men could work legally rumanian is. When you see people being picked up on the side of the road like this, it is easy to see how a third of construction workers in london report not getting paid. This is the induction park we developed with the industry, the main contractors. Labour enforces say it is an industry right for abuse. It was a there is a shortage of labour, but what we see is a shortage of legal labour, and that is where risks come in. Particularly coupled with the press is the industry is under to a bill done on time and penalties that come with that the pressure. They are going to call on whatever labour they can get to get the job over the line. The regulator has employed industries to sign up for a volu nta ry industries to sign up for a voluntary scheme. I think the big thing for us is to raise awareness within the supply chain and make sure it isnt happening further down the chain, not just sure it isnt happening further down the chain, notjust with our supply chain but their supply chain as well. Payslips, holidays, minimum wage. They are all basic rights. But the Construction Industry is one of the Construction Industry is one of the worst actors are not having them in place. And with more than 300,000 Building Companies in the uk, most of them tiny, its an incredibly difficult thing to police. Any say this scheme doesnt go far enough and policing is underfunded. Body monitoring 29,000 employment agencies only has 12 of staff. The man in charge says businesses need to ta ke man in charge says businesses need to take some responsibility, too. The more complex your Labour Supply chain is, the greater the danger of things going wrong in that chain. So i would encourage anybody to have the simplest, most transparent Labour Supply chains they can have in order to avoid being in some way complicit in the kind of practices that you have uncovered. The government is currently reviewing how working conditions are enforced. In the meantime, these informaljob centres outside building shops continue to thrive. Katie prescott, bbc news. That is your business briefing. Politicians from seven parties took part in a live, two hour debate on itv on sunday evening. The leaders of the snp, lib dems, plaid cymru, greens and the brexit party were there to answer questions. Boris johnson and Jeremy Corbyn were replaced by senior members of their parties. The panel began by discussing Security Issues in the wake of the London Bridge attack. We cant avoid asking tough questions in general about the conservative decision to cut more than 20,000 police, about the chaos in our prison system, where there are more and more assaults on prison officers. And by the disastrous privatisation and breakup of the service. In 2012, this person would not be out of prison. Its about powers, not resources. Labour opposes our tougher sentencing. No terrorist should be released without it being properly assessed, whether or not they still pose a risk to the public. So somebody like that should not have been on our streets. Clearly these questions need to be asked. If you have committed mass murder, you will plan to commit mass murder, you will plan to commit mass murder, you will plan to commit mass murder, you are notjust an an ordinary criminal, you have the virus ofjihadis, and these people should not ever be let out of prison unless we are completely convinced they dont have the jihadi virus, but of course Political Correctness prevents us from doing so. 0n the evening of friday 6 december, Boris Johnson and Jeremy Corbyn will go head to head in the bbc Prime Ministerial debate. If you have a question youd like to ask, visit the website bbc. Co. Uk pmdebate for your chance tojoin the audience. This is the briefing from bbc news. The latest headlines maltas Prime Minister, joseph muscat, has agreed to step down over the scandal surrounding the assassination of the investigative journalist, daphne ca ruana galizia. He said he would hand over power next month once a successor has been chosen. Speaking ahead of the climate summit, the un secretary general Antonio Guterres has told the bbc that governments need to stop subsidising fossil fuel industries if the world is to avoid the worst consequences of global warming. Britains main Political Parties have blamed each otherfor a law that allowed the perpetrator of fridays terror attack on London Bridge to leave prison early. A review of the release conditions for convicted offenders has been ordered. Now its time to look at the stories that are making the headlines in the media across the world. We begin with the telegraph, who report 74 convicted terrorists are being vetted in the wake of last weeks London Bridge attack, and according to the papers sources a number are expected to be sent back to prison. Meanwhile the guardian says uk Prime Minister borisjohnson has been accused of twisting the facts of the London Bridge attack in a distasteful attempt to turn it into an election issue, after he blamed labour for the release of the terrorist who killed two people. The times of malta reports maltese Prime Ministerjoseph muscat has announced he will step down in the new year, amid a crisis over over the inquiry into journalist daphne ca ruana galizias death. He said he would ask the Ruling Labour Party to begin the process to choose his successor on 12 january. In the times business pages, mark carney is to become the United Nations special envoy for Climate Action and finance when he steps down as governor of the bank of england. The announcement comes ahead of the uns annual Climate Change conference, which begins today in madrid. The Financial Times looks ahead to this weeks 0pec meeting, as saudi arabia is planning to use its leading position in the cartel to buoy Global Oil Prices before the 25 billion stock market debut of its state owned oil giant

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