Whether its for going green or going for speed. Classic cars are getting a new electronic lease on life. Rob reynolds, al jazeera, san marcos, california. Ah, silicon main stories of following now russia and ukraine and signed a deal to re open ukrainian ports on the black sea for grain exports raising hopes at my ease. The kind of fit crisis ceremony in istanbul was overseen by the Inspector General and the taxes president who broke the agreement, grind shipments have been stuck in ukraine to the start of the russian invasion of february. The war has sent International Food prices soaring. Well, un, shes, im trying to get her, spoke to al jazeera after the deal was announced. He says its a promising step towards peace. From the point of view of the management of the situation, we the joined to the center, a joint Coordination Center with the 4 entities. We, the inspections by the 4 entities of ships going in and out, which ships permanently controlled. I think these as created the precedence of cooperation and i hope this precedent will pay for the way it will. Busy busy probably not to be immediate, it will takes time, it will be complex, but it to pave the way for one day peace to be possible and peace in line with International Law and un charter to him please have your tank gas patterns in pappa, spragans protest as opposed to next week constitutional referendum. Witnesses say at least 5 people were arrested at the demonstration in the capital tune is the proposed constitution with significantly enhanced the power of the president said opposition parties of called for boy cars have mondays vote at least 19 people were killed in a police ready to want to rear diginero his largest fellows, please say most for a members of organized crime groups. Police have been accused of brutality while the brazilian president , like the operation to a cowboy movie, the ban in a one time a to for my us President Donald Trump has been found guilty of contempt of congress. He defied a subpoena by a House Committee investigating laws just right on capitol hill. Now safe is up to 2 years in jail, but plans to appeal counting. The cost is coming out next, examining the cost of europes extreme weather. 11 years opportunity as for the arab spring, up rising, the only democracy to emerge from the upheaval is to vote on a controversial constitutional referendum one that its critics via could paved the way back to authoritarianism. Stay with al jazeera, but all the latest developments. And in depth analysis, ah, i, i dont give it out. This is counting the cost on al jazeera. Youll look at the world of business and economics this week. Record breaking temperatures and ferocious wildfires. Scientists warn europe is becoming a heat wave hot spot folk. How can the continent adapt stick stream weather conditions, and it wont cost. Also this week the world needs to burn less fossil fuels to flow. Climate change boss are developing nations, getting the funds they need to switch to Renewable Energy and back to the skies. As the travel industry recovers some of the pandemic losses, we look at the demand for the obvious, essential aircraft at the u. K. Fund bar asher. Research as estimate hate, waves have shaved, an average 0. 5 percent off. Europes annual g. D p. In the past 10 years in 2022. The losses could be even greater to this. Just a few of the factors. Much of western europe is sweltering under record breaking temperatures. Wildfire a sweeping across easily, greece, france, and spain destroying crops and to Energy Prices are up because of the war and ukraine. Famous robbie has this report from to bonnet in northern spain. When the inferno came, farmers in some ora became firefighters that would not be shown. Oh my god, he says, i am all alone in remote areas like this. There is no time to wait for a rescue crew. You have to save yourself. The wind whips up the flames in every direction. It is easy to find yourself surrounded. Mm. I came out of nowhere. Oh my go go go. Days later, manuel hills charged soil putting out any remaining embers. A most n u i you that we had help, but from other farmers in the area we thought asked the local government didnt help us told winter it is very nice to come after the fire and say we will pay for all of this. But the time to help us is when the fire is here in the blaze burned crops, destroyed infrastructure and left behind. Economic uncertainty, fires in this part of the country may be under control for now, but there is still smoke hanging in the air. You can see it obscuring the landscape. You can even smell it for the People Living here. And for those fire rescue teams that are based here in tomorrow, these are ever present reminders of the wild, far season is far from over. Oh, my well, for 3 generations yolanda my oh, julians family has lived and worked on this land. You mom. She watched their barn go up in flames in minutes, taking stock. She says they dont know how theyll be able to recover. And ya know, got the, i was on the, on bundle. Ive never seen anything like this before. The fire came very quickly with a lot of wind. It was just relentless. We could do absolutely nothing. Its still going. It still has a lot of power. There used to be hundreds of animals here most removed, but yolanda is family could not save the hey, the livestock eats even before the wildfires changed this landscape, life here was hard families struggling just to make a living are now scrambling to keep their future from turning to ash, zane basra, the old jazeera tub, are spain or lead dig into the numbers. Now. Extreme weather conditions have cost year at more than half a trillion dollars. In the past 4 decades. Germany alone has lost at least 7000000000. 00 on average, annually, and damage over the past 2 decades. Easily estimate each fire costs around 25000. 00 an acre. Over a period of 15 years, the government now warns a 3rd of the countries agricultural output is at risk. And france has hydro power output has dropped by 22 percent the 1st half of the year from 2021. Well, its exempted that heat waves of worse and because of Climate Change in scientists of urged government to take action. Europe unveiled the plan nastier to address Global Warming and cut emissions by 55 percent by 2030. But despite the pledge to reduce reliance on 4th fuels many european nations and now burning more coal after russian gas supplies were reduced, to discuss all of their fun join. Now, by when ya minsky, who is running out from london, she is the managing director of climate and sustainability at marsh mclennan. And shes also a member of the independent Adaptation Committee that advises the u. K. Government on climate risk. Thank you very much for joining us. On counting, the cost would be talking a lot about Food Insecurity, given the war in ukraine. But what impact is the heat wave is drought going to have on the continents and the Food InsecurityGoing Forward . Well, then already on the stress, then when you have a supply and distribution chain, sorry, to conflict political unrest and also to extreme weather. So you can say that it couldnt come the worst time. A big factor in this is water. And its, its worth what to note that according to the world house organization, by as soon as 2025 half of the worlds population will be living in areas impacted by waters deputy. So jobs already having a big impact on community, on agriculture, energy and infrastructure, and the economic damages are increasing and weeks. We expect this trend to continue. I think its really important to understand that why, while this will have an impact on food prices, Food Security in europe is still relative dca. But we need to also look in, in a global picture and look at, you know, the implications that these events have around the world. And this, this just shows how connected our world it, drought, the current, the same time actually across different regions of the planet. Could actually place an unprecedented strain on our system. How is the current heat wave effecting Energy Prices and how might that impact transition to Renewable Energy . While again, the timing is, is really bad because our Energy System is already on the lot of stress than the current heat. West piles additional challenges on those who are working hard to make that transition to Renewable Energy. So wed be in strain on transmission systems, reduction, competitive nuclear hydro, such as an Energy Demand for cooling and pushing up prices. So if it comes at the time, but at the same time, ill come to me as well. Committed to the transition and we Office Teaching progress. For example, Renewable Energy accounted for more than 80 percent of the was new electricity capacity and last year. So its really important that these rates of Renewable Investment continue to increase. But it is a challenge, and we, we call this the, the tri, lemme energy. So what we need to do is Energy Security in an affordable and sustainable way. And it is particular challenging right now. And it brings to people choices. But its, its not taking these measures, not really an option, because the cost with an action will be significantly higher as youre saying, this is all a reminder about how into connected everything is, is this also a reminder of the importance of adaptation and, and preparedness and and can you repeat countries afford to do that right now, given the, the risk of, of recession, reboot again, another case in the pre patton is, should really be seen as an investment and not as a cost because this is what will keep us going. This will help to keep those future damages and losses at a manageable level, and thats why its important to also take action. Now, taishan means can make many things. And the good news is that the technologies and strategy that we can do to ensure that these impact become more manageable. What we need to do particular during the challenging time where actually, you know, additional investments are so, so hard to justify. We need to have a positive message thing that investing in nature in Climate Change out of taisha is, is a contribution to, to make our communities and our economy viable. Absolutely and investment that our survival kind of depends on, hey, thank you very much for your time. Spend yet some in sky. Appreciate it. Ah, research as estimate an investment of 800000000. 00 in climate programs can save poor nations up to 16000000000. 00 every year. And according to the Global Commission on adaptation, rich nations have pledged billions of dollars in climate assistance to developing countries. Many of failed to follow through on their promises. The issue is expected to top the agenda, the Climate Summit in november. And you and 60 general Anthony Terrace has urged, wealthy nations to deliver the much needed funds. That gets tedious about the finance that the developing countries need as a minimum. So paying lip service to the went under the 1000000000 us dollars a year. Pledge give clarity these little deadlines and fan limes and get concrete on its delivery. And thats ensure that those, when its funding most can access suits, rich nations have also pledged 10000000000. 00 to the Green Climate fund, the Worlds Largest project of its kind. And its played a crucial role in delivering finance to developing countries. 3000000000. 00 for allocated by the u. S, but the country has only contributed only a 3rd of that. So far. Learning us now from munich is dr. Miranda shaw is chair of environmental ant pilot policy at the Technical University of munich. Thank you very much for your time. So extreme where the conditions are, are not just in europe. Whats the cost then for developing nations . The costs for developing nations are of course, huge in part because developing nations dont have always the same capacity to deal with the droughts in the very heavy rain storms. The floods on the extreme temperatures that, that were increasingly seen as a result of Climate Change. Costs range from last infrastructure to peoples health. And of course the tragic deaths that are also increasingly happening because of climate extremes. And what are some of a low Cost Solutions to try and fight Global Warming and, and to, you know, see less of these extreme weather events. Lets think actually were at a point where everything we do matters. It really makes a difference whether or not people avoid using their car and instead walk or take a bicycle or use Public Transportation and planting a tree can help. We do seen the amount of energy use at home, taking on things that are in stand by model, plugging them, taking them out of the plug that can also make a difference. Taking a short a shower can make a difference. Im, were actually seeing in germany right now because of the war in the ukraine. A big push to save on energy. And its remarkable how much Energy Saving has been achieved just in a couple of months. If we were to do this at a global level, it could really make an impact on what about financing and helping poor nations to make the transition to Renewable Energy and rich nations have fallen well short of the 100000000000. 00 plates that was made. Do you expect to see any progress at the next Climate Summit . I hope so. Am in 2009. We were getting about 80000000000. 00 of that 100000000000. 00 per year, but its still far too little. Even the 100000000. 00 a year is not enough to deal with a huge impacts of Climate Change. I do expect that in egypt, partly because the next car will be in egypt, a stronger focus on the developing countries and their needs. And thats very welcome. I think theres a lot of things that can be done. Also, linking Climate Mitigation and Climate Adaptation and Renewable Energy will be a big, big help in this area. But we do need the financing to help developing countries shift away from developing coal or oil or gas, and instead developing renewables, moving forward on energy efficiency. Replanting forests that have been deforested and we really need to be working together. Speaking of our finance europe is among the biggest contributors to climate finance for developing nations kind of follow through though amid all of the economics of uncertainty that there is right now. Thats a, thats a big an important question. I expect that with the costs of cov id and then weve had the war and Energy Prices are increasing. Budgets will get tighter in europe. Theres no doubt about it. But at the same time, Renewable Energy is getting much, much cheaper than it used to be. Were also seeing that taking action now reduces costs later. So um, i do hope that europe will continue to be a big fine answer. And well also focus attention on, for example, you speak of financing. We need to shift the banks away from financing projects that are coal or gas intensive, and instead focus on those kinds of investments that will still bring us the energy we need and still bring us the comfort we want. But do it in a cleaner way. What about the role of the us . I mean its failed to mate, its Green Climates obligations. Climate measures are stalling in congress than at president biden. Has Just Announced a multi 1000000000. 00 banter plan rather to try and fight Climate Change. But it warnt declare it an emergency. So what do you make of of the role of the u. S. Right now in the u. S. Is definitely a divided country at the moment, and unfortunately we dont seem to have the willingness in the United States to Work Across Party Lines on what is an, from my perspective of the worlds biggest problem right now, Climate Change is impacting absolutely everything. My hope is that in the United States, people are starting to wake up. I think you are seen in that country more interest in or concern about Climate Change. But we also need to continue to work with or without the United States on unmaking transitions. What is hopeful is that were, were seeing this big push for offshore wind right now, also in the United States. And thats partly because this is becoming one of the cheapest technologies around. So one hope is that economics will help to make some of this transition a little bit easier. Um, but it is a big concern on the United States is still responsible for 14 percent of global c o. 2 emissions and without the United States is a big player and a big fine answer. It will be worrisome or i will have to leave it there for time. Thank you very much for your time dr. Miranda shares. Thank you. Planes were grounded for months during the pandemic, but as travel is staring the indus