Good afternoon. My name is jane nakano. Im senior fellow with csi energy and National Security program. And its my great honor to welcome peter fraser, who is the head of gas, coal Market Division for the International Energy agency based in paris hes here to launch the coal 2017 analysis and forecast of 2022. Thats the name of the publication. The coal has been the worlds dominant fuel for more than a century, but its future use has been under quite a bit of scrutiny today. In the power sector, certainly, i guess the robust deployment of renewables then combined with the cheap gas, particularly in north america, have been putting quite a bit of pressure on coal Power Generation. So the ieas coal 2017 is one of the ieas signature publications, and its previously known as the midterm coal Market Report. This report provides comprehensive analysis of recent trends and forecasts of 2022. In demand supply and trade, not only at the global level but at the regional level as well. And peters
A coup against the ailing leader Robert Mugabe as a power struggle over his succession. And australians have backed gay marriage in a postal poll you organized by the government more than sixty percent said they were in favor of allowing same sex couples to marry and the government says it will introduce legislation to make it possible before the end of the year. One leaders have arrived at the Global Climate summit in the german city of bonn the a bid to add a final push to negotiations aimed at implementing the Paris Climate Accord delegates and politicians from more than one hundred ninety countries have been meeting to move ahead with the implementation the balance accord commits countries to curb Greenhouse Gas emissions from fossil fuel burning environmental campaigners have called in german chancellor Angela Merkel to freeze the use of coal by two thousand and thirty. Let me now join up Political Correspondent charlotte is tracking that story for us shot of the chancellor merkel
Bloombergs European Headquarters in london. I manus cranny. Francine lacqua is in paris at the Climate Summit. Fran, good day to you. What is going on . Manus, one of, the big events these are major leaders trying to find a solution, an agreement. There is still disagreement on financing. We are not sure about this 100 billion question hanging over the Climate Change talks. We dont know whether to degrees will be in the treaty. Here, we will be speaking to Boris Johnson and the ceo of loreal. Manus look forward to it. Always entertaining when you get Boris Johnson in one place. Francine lacqua, my cohost in paris. It is jobs day in the u. S. What a 24 hours we have had. It is one of the last before this months all important Federal Reserve meeting. Analysts will be looking for any clues as to whether it strengthens or weakens the case for the rate hike. Lefta day after the ecb many underwhelmed. How are the markets taking this . Equities, bonds, and currencies all made dramatic moves y
Markets. The shanghai comp reverses early losses and closes higher. This as the imf is adding the chinese currency to its volatile basket. Japans pension plan having a huge loss. Good morning, everyone. Lets get straight back to our top story. World leaders have been arriving at the venue of the comp 21 Climate Summit. French president hollande is welcoming 150 policy makers. President obama, xiin pi have arrived already. Chinese president said its very important for the u. S. And china to follow the principle of nonconfrontation. He said the World Economy is recovering slowly. Now on to president obamas comments. As he walked in he says hes looking forward to working on the tensions, the tensions that hes talking about are the following. He notes differences with china on cyber security, maritime issues and he says that u. S. And china leadership on Climate Change is vital. Lets get out to Steve Sedgwick in paris. Steve, any comments . Reporter yeah, i think its very interesting that
Okay. So different approach. Lets focus in on the keyboard you brought up i think which is why we are here which is a question of legacy. And that is obviously, its not too soon to do because we are here. So what do you perceive to be bushes longterm legacy . Just at the context here for everyone. Agenda president bush left office with a remarkably low Approval Rating. During that time there was a lot of discussion of the revived historical legacy of another in the left the white house with a remarkably low Approval Rating and that was harry truman who left of course from quite a blogger and some schooling was thought of as perhaps one of the greatest president s largely to revision and largely due to david mccullough. Consequently there was some discussion with in bush circles that longterm history will prove this out. Look at truman as an example. Im curious what the panel thinks of not only the font that bushs legacy will evolve over time what you think ultimate it will land up on .