hub. let's get down to business. we begin with our focus on the uk where the government has approved a consortium led by rolls—royce to build a small, nuclear reactors across the country which shall produce cleaner energy for top rolls—royce smaller reactor business has so far secured funding of £195 million from private investors and will also be receiving £210 million ground from the dominant. there is hope the new company could create up to 40,000 jobs by 2050, however, the first fully operational reactors are not expected to supply any energy until 2031. currently, around 16% of uk electricity generation comes from nuclear power. warren easter, the chief executive of rolls—royce says his firm realises the huge need for carbon zero electricity. this is something we can do today, to start making an impact today, to create green jobs today, that we know will deliver zero carbon electricity and we know there is a huge demand for zero carbon electricity for everything that is being touted at cop at the moment. —— cop. hydrogen, et cetera. that is what rolls—royce can plug. cetera. that is what rolls-royce can plug. let's discuss this _ rolls-royce can plug. let's discuss this with _ rolls-royce can plug. let's discuss this with chief - discuss this with chief executive of the nuclear industry association. give us your take on this news from rolls—royce and the government. how big a step is this? it is how big a step is this? it is significant _ how big a step is this? it is significant and _ how big a step is this? it is significant and a _ how big a step is this? it is significant and a big - how big a step is this? it 3 significant and a big step forward to get some of that low carbon power infrastructure that we need. we don't have long until 2050 to completely decarbonise. we have fleet currently that is coming towards the end of its life, so getting new capacity on place including from large modular reactors is vitally important and something we can get on and start to deliver.— start to deliver. these are smaller — start to deliver. these are smaller modular - start to deliver. these are smaller modular reactors | start to deliver. these are l smaller modular reactors so they are expected to cost around £2 billion. looking at hinckley see, it is costing more than expected, £23 billion. —— hinkley c. more than expected, £23 billion. -- hinkley c.- billion. -- hinkley c. the capital— billion. -- hinkley c. the capital cost _ billion. -- hinkley c. the capital cost of _ billion. -- hinkley c. the capital cost of each. - billion. -- hinkley c. the capital cost of each. the | billion. —— hinkley c. tie: capital cost of each. the thing around nuclear power, once they are built they generate a lot of electricity with low carbon emissions for a very long time and because the density of the energy that you get from nuclear means you have a lot so they are an important part of getting to that net zero mix we're going to need.- getting to that net zero mix we're going to need. could this be exnensive — we're going to need. could this be expensive for _ we're going to need. could this be expensive for those - we're going to need. could this be expensive for those who - we're going to need. could thisi be expensive for those who are getting the electricity at the end, the consumers because for example again, hinckley, if we use that as an example is an agreed strike price so we are looking at, if you compare that with offshore wind, that is £40 per megawatt power, is it not? £40, no. (audio breaks up). what has happened since then is as we have willsmore offshore wind, the prices come down which is a very good thing. the same will happen in terms of nuclear reactors. you have to remember, the costs that you are comparing isn't full cost of the electricity. you have systems cost and have to look into getting your power from where it is generated to where it is used. there are also other costs such as land use and impact on the environment and impact on the environment and to get to a net zero, that isn't impacted by... crosstalk. in terms of land use and impact on the environment, many would argue that offshore wind farm, the impact is much less than building nuclear plants across the uk. , ., �* ., the uk. they don't do the same thin. the uk. they don't do the same thing. offshore _ the uk. they don't do the same thing. offshore wind _ the uk. they don't do the same thing. offshore wind provides . thing. offshore wind provides electricity when it is windy enough and we had a very good day for wind on sunday and a very —— very bad day yesterday, for example. it is variable. you have to have some coming from firm power to complement the variable power. the way to do that that doesn't have any carbon emissions is nuclear and the way to deliver nuclear waste as a mixture of large and small reactors such as the rolls—royce example. you will have to have that capacity in time for net zero and to meet the 2035 carbon budget. ok. time for net zero and to meet the 2035 carbon budget. ok, tom greatrex, thank _ the 2035 carbon budget. ok, tom greatrex, thank you _ the 2035 carbon budget. ok, tom greatrex, thank you for _ the 2035 carbon budget. ok, tom greatrex, thank you for your - greatrex, thank you for your time. chief executive of the nuclear industry association. take a look at our commentary on that on the website. now to cop26, the climate summit, where as i am sure you are aware, more than 100 world leaders promised to enter deforestation by 2030. brazil where stretches of the amazon rainforest were cut down, were among the signatories. the pledge includes $19 billion of public and private funds stop some businesses like natura, the brazilian owner of body shop and avon. talking to the chief executive of natura roberto marques. what are you calling for as there is currently felling going on across the amazon.- currently felling going on across the amazon. one is absolutely _ across the amazon. one is absolutely pleased - across the amazon. one is absolutely pleased with i across the amazon. one is | absolutely pleased with the progress in relation to... we are seeing private sectors and government coming together. but thatis government coming together. but that is not enough. we need to do more. we are understanding the importance of preserving forests and actually only to reach the paris agreement. together the world's forests, and this is very compelling data, can actually help climate change by withdrawing over 7 billion tons of carbon a year from the atmosphere. when they regenerate. so everything related to nature —based solution which includes forest protection and reforestation initiatives had the potential to actually address a third of the global reduction efforts, to actually meet the goal of paris agreement. without really protecting the forest, the world has no chance actually of achieving a 1.5 degrees goal and to reach net zero in terms of carbon emission. in and to reach net zero in terms of carbon emission.— of carbon emission. in your industry. — of carbon emission. in your industry, cosmetics, - of carbon emission. in your. industry, cosmetics, beauty, are your peers on board? obviously you are standing out with your call, you are talking about creating this agreement on nature, are your peers within your industry also with you on this?— you on this? yes, and we are seeinu you on this? yes, and we are seeing more _ you on this? yes, and we are seeing more and _ you on this? yes, and we are seeing more and more - you on this? yes, and we are - seeing more and more companies collaborating in that. one good example is created by mainly cosmetic companies. unilever, l'oreal, with this idea of creating a scoring system that we are going to put in our product to tell customers, the impact on the environment in terms of the products they are buying. think about it, there is sunscreen protection levels that you buy from different rands but you know if you are buying 15, 30 or 45. hopefully that scoring system and again in a collaborative effort by the industry, will help customer really engage and understand the impact on the environment when our bank cosmetic products.- environment when our bank cosmetic products. how radical can ou cosmetic products. how radical can you be _ cosmetic products. how radical can you be on _ cosmetic products. how radical can you be on this? _ cosmetic products. how radical can you be on this? of- cosmetic products. how radical can you be on this? of course i can you be on this? of course within the cosmetics industry and because of the products i think about and i use on a daily basis, you know, the plastic that it comes in, the packaging, and then the waste when it is thrown away, all these issues. to what extent can you really permeate what you are doing in your business? lesson, it is going to take a lot of innovation and collaboration for our entire supply chain to get scales and be able to come in with a solution. but we need to set the bar high. one example, for example our stores as the body shop, we now have a refuelling station where customers can come in and be able to refill in an aluminium bottle instead of plastic in order to help the whole circularity of packaging in our system. whole circularity of packaging in oursystem. —— body whole circularity of packaging in our system. —— body shop. there are ways that we can be very innovative. but the important thing is to engage customers. i like to say that before being customers or consumers, they are citizens. they want to engage, they want to help. so if you bring them along the journey, to help. so if you bring them along thejourney, if to help. so if you bring them along the journey, if you explain the importance, for example, of full circularity of packaging into the system, if you come with different solutions to recycle, reusable compostable, ways that we can help the environment, the citizens will help us and engage. they will drive innovation as a way to deal with that kind of challenge. roberto marques, we really appreciate you being on the programme, chief executive of natura. . ~' , ., natura. thank you. cash-strapped - natura. thank you. - cash-strapped chinese retail cash—strapped chinese retail state giant ever grant has raised the moneyjust before... evergrande needs to make overdue payments of $148 million this week. let's talk about crypto because a number of digital currencies have continued their rollercoaster ride on asian markets today, a few hours ago bitcoin hit a record high of $68,000 and ether also surged to a new highs. what is driving it at the moment? next, it is like looking into a crystal ball sometimes. what is going on? i'm not going to give you hard and fast answers. some days it is up, some days it is doubtful that we have seen a big surge today. short—term analysis suggests more and more people are using tiptoe currencies as are using tiptoe currencies as a hedge against legal invasion fears in which asia is clearly not immune. but we are talking about $3 trillion. cryptocurrency is becoming more mainstream. i suppose there is an increased sense of respectability may be around something which is, you know, let's not forget, unregulated and still highly volatile but even here in singapore, for example, the monetary authority of singapore is hosting a week long fintech festival and guess what? crypto is dominating the talks. there is definitely a desire here, at least, to try and turn the country into a crypto trading hub, especially when you consider what is going on in china and the crackdown. maybe there is a bit of a gap to be exploited. we have seen over the last few months the monetary authority of singapore issuing more and more licenses to digital token payment systems, so clearly, yes, there is a will, notjust on behalf of the buyers but also on behalf of the authorities over here to try and capitalise on this upward trend. i’m here to try and capitalise on this upward trend.— this upward trend. i'm sure they are — this upward trend. i'm sure they are also _ this upward trend. i'm sure they are also finger- this upward trend. i'm sure they are also finger way. i this upward trend. i'm sure l they are also finger way. aq, they are also finger way. a0, nick, good to see you. stay with us here on —— thank you, next stop gas prices jumped by 10% at the start of the week after fears russian president but amir after fears russian president butamir putin after fears russian president but amir putin won't fulfil his promise to meet your public needs. —— europe's needs. you are with bbc news. our top stories: us rapper travis scott is facing multiple lawsuits after at least eight people were killed and hundreds injured at his texas festival astroworld. colin has deployed troops on the border with belarus to stop thousands of migrants from entering the country. gas prices in europe sod at the start of this week, jumping as much as 10%, as russia showed no sign of pumping more gas over the weekend. president vladimir putin said it would raise levels of production when it's countries would increase domestic storage amounts. as europe is about to hit peak winter, many are concerned prices are going upwards. anna, nice to see you. what are your thoughts on this? is russia holding europe to ransom? the? holding europe to ransom? they have said they _ holding europe to ransom? they have said they would _ holding europe to ransom? they have said they would ask - holding europe to ransom? tte: have said they would ask to increase supplies but there is little evidence they have. there are some severe concerns that he is holding out for zero stream, a new pipeline to be a proved. —— nordestream bypasses crane so they could lose out. where are we at with regards to nordestream two and its approval?— nordestream two and its approval? nordestream two and its a- roval? ~ . ., ., approval? we are waiting on germany _ approval? we are waiting on germany and _ approval? we are waiting on germany and others - approval? we are waiting on germany and others to - approval? we are waiting on i germany and others to approve it and this is part of the dangerous situation we are in because it is key for the european countries which have low levels of gas storage. we still do not know what the winter is going to be like. if it is even a little bit colder than normal we will not have enough supply. than normal we will not have enough supply-— enough supply. that is the issue and _ enough supply. that is the issue and we _ enough supply. that is the issue and we are - enough supply. that is the issue and we are seeing i enough supply. that is the l issue and we are seeing the ramifications in the uk and europe. small companies have gone bust and more could if prices continue to go up and up? prices continue to go up and u? �* , , . ., prices continue to go up and up? absolutely. we have a price that would _ up? absolutely. we have a price that would be _ up? absolutely. we have a price that would be reset _ up? absolutely. we have a price that would be reset in _ up? absolutely. we have a price that would be reset in april- that would be reset in april but that is quite a long time. —— price cap. but that is quite a long time for companies to deliver gas at higher price. the bigger companies, they edge that so they are protected to some extent but smaller companies cannot do that so going into administration. anna mcdonald. _ going into administration. anna mcdonald, thank _ going into administration. anna mcdonald, thank you. - going into administration. anna mcdonald, thank you. the - mcdonald, thank you. the world's largest exporter of oil, saudi arabia is working towards diversifying its economy to reduce its dependence on oil. apart from investing in new industry, the country was replaced by a become the new commercial hub of the region but this move by the saudis has healed an economic rivalry. at? the saudis has healed an economic rivalry.- the saudis has healed an economic rivalry. # at first i was afraid. _ economic rivalry. # at first i was afraid, i _ economic rivalry. # at first i was afraid, i was _ economic rivalry. # at first i j was afraid, i was petrified... #. in musical performance, this showcases a new image. this was at a conference last month, dubbed as a vital platform to attract global investors. they want to diversify the economy in saudi arabia for a post— oil future but they are not rolling up future but they are not rolling up the red carpet in fact they issued an ultimatum earlier this year asking for firms to shift headquarters to the capital or risk losing out on government contracts. the government— government contracts. the government should - government contracts. tte: government should hear government contracts. tt2 government should hear or anywhere else favour the companies that have a bigger footprint in the country but there will be no listing or preventing companies from doing business in the saudi arabia. but recently permits were issued to open headquarters in the country and some expected to be based here, the commercial hub in riyadh. saudi arabia is adopting a carrot—and—stick approach. on one hand it is the companies that do not have headquarters here will lose out on business but it is also promising firms that do decide to move your a lot of incentives for example this financial district will be a commercial zone offering benefits for companies. it has come a direct challenge to the aup, the undisputed financial capital of the region. a lot of challenges will have to overcome to overcome dubai. the auali of overcome to overcome dubai. the quality of office — overcome to overcome dubai. tt2 quality of office supply and large quantum, secondly, and perhaps more importantly, access to a global talent pool something that you buy has done really well in the past 30 years. —— dubai. really well in the past 30 years. -- dubai.- really well in the past 30 years. -- dubai. setting up new industries _ years. -- dubai. setting up new industries and _ years. -- dubai. setting up new industries and creating - years. -- dubai. setting up new industries and creating jobs - industries and creating jobs for its youthful population, because for saudi arabia it could be running out of time. returning to cop26 in the main focus of discussion today will be on gender inequality with fewer women in political positions, only 21% of government ministers are women, it is perhaps not surprising that climate decisions are mostly made by men stop gender inequality is worse especially for the worlds poorest women and girls as 80% of people displaced our women. let's discuss this with a climate change and resilience team reader at international uk. explain why it is that women are more likely to be displaced by climate change than men? thank you for having me on the show. gender inequality means that women often have unequal axis to the resources and services they need to be able to deal with the effects of climate change access —— access. access over education, education, in many cases because of security and safety issues, where they could not have the mobility to be able to move to more secure locations when there cyclones or typhoons or national disasters that mean that they are affected by climate change. because of this unequal access to services and resources, they are disproportionately affected, women. women often are represented in places where decisions are being made and plans set out for dealing with the impacts of climate change or disasters then often the particular needs of women are overlooked. when trying to look at displacement for example. if we add to that, many women, regardless of where they are, developing countries, develop countries or poorer countries, they have caring responsibilities. looking at the children and maybe elderly relatives. is it exacerbated by the fact by the fact that women who are displaced rn mainly poor at developing countries and those leaders are more underrepresented at these negotiations going on in glasgow?— negotiations going on in glasuow? , . ., , glasgow? definitely, certainly. that is the _ glasgow? definitely, certainly. that is the injustice _ glasgow? definitely, certainly. that is the injustice of - glasgow? definitely, certainly. that is the injustice of the - that is the injustice of the situation for gender inequality and climate change. women who are most affected by climate change, who have often contributed the least to causing the problem, are the ones who are often most excluded or not included within these discussions and the decisions being made at un climate summit. if decisions being made at un climate summit. tf t decisions being made at un climate summit.— decisions being made at un climate summit. if i can ask it for a brief _ climate summit. if i can ask it for a brief response, - climate summit. if i can ask it for a brief response, to - climate summit. if i can ask it for a brief response, to what l for a brief response, to what extent are you hopeful, following what has been happening in glasgow so far? we are happening in glasgow so far? 2 are hoping and thinking that today, being gender day, we want to see stronger commitment by governments. there's been a lot of pledges towards climate finance, climate action, and the national plans developed by different governments but we want to see really is at least 80% or over 80% of the climate finance and plant need to support gender equality and it is a pod women led organisations and ensuring that women and girls are the centre of climate action to ensure that everybody is going to be able to deal with the effects. thank you for being under the programme. we appreciate you outlining what the problems are for women with regards to climate change. let's look at the financial markets in asia to give you a sense of how the day is going. bitcoin has gone to the roof in terms of its value. the price of oil headed upwards so ignore the zero zero because it is on the way up. you are up—to—date. i will see you soon. hello. we have some pretty quiet weather to come across the uk in the next few days. but the end of the week could definitely offer us something rather more dramatic. for now though, it's about light winds and those winds coming in from the south—west or the west will bring some relatively mild air. this amber colour behind me showing air that's been pulled in quite a long way south across the atlantic indicating quite a warm feel to tuesday across parts of england and wales. you may have noticed some colder air to the far north of the uk. temperatures will struggle to get the double figures across northern most scotland with some squally showers here. elsewhere, we are looking at i think at the low to mid—teens, there will be some rain to the day for northern england and wales. but we should see brighter skies north of the front for much of scotland and northern ireland, and to the south across southern and eastern england. and this front is set to stick around through wednesday and thursday, slowly making its way south across the uk. turning things quite murky, i think, across southern and eastern england into the small hours of wednesday, but it will stay very mild here. that slightly colder air sneaks further south into scotland into the small hours of wednesday. we could see a patchy frost inside some of the sheltered glens to the north. here's our front on wednesday, still lurking to the south of the uk. it's looking much clearer. further north for scotland and northern ireland, there should be some sunshine, just the chance of a few scattered showers in the far north and west. some sunshine for northern england and wales and an improved picture on tuesday. whereas for southern and eastern counties of england, it will be much grayer, much gloomier and there's a chance some patchy rain on and off. and then for thursday, still the remnants of that weather front close to the south of the uk could mean some thicker cloud around here for a time and a little bit of rain. but actually for thursday, we are largely focusing on a ridge of high pressure, a lot of fine weather and light winds. i think potentially some rain getting into northern ireland by the end of the day, and the wind starting to kick up and here's why. this area of low pressure looks like it could deepen for the end of the week and come swinging our way from the atlantic. quite a bit of uncertainty as to when and where exactly on friday that low will move in, but do keep it in the back of your mind as the potential for strong winds on friday. good morning, welcome to breakfast with dan walker and sally nugent. our headlines today. rescued after two days trapped underground — injured caver is brought to safety. he's said to be in good spirits. just amazing. just amazing. it is the biggest rescue any — just amazing. it is the biggest rescue any of _ just amazing. it is the biggest rescue any of us _ just amazing. it is the biggest rescue any of us have - just amazing. it is the biggest rescue any of us have done. l just amazing. it is the biggest rescue any of us have done. i | just amazing. it is the biggest - rescue any of us have done. i hope we will ever do. a ten—year—old boy dies after he was attacked by a dog in south wales. all aboard the wine express as extra services are laid on to help deliver 4 million bottles in time for christmas and we look at whether the future of freighters on the railway rather than the roads.

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