beijing's piece plan to resolve the war and ukraine came as the chinese president began his 1st visit to moscow. since the conflict began last year, she and putin held the historic close ties in the face of russia's isolation from most of the international community. the u. s. has warned the world not to be fooled by she's piece proposal to golden things, trying to values the friendship between china and russia. this has historical logic because we are neighbors and to large countries where also strategic partners such a position determines that we have a very close relationship, especially leisure and meet with you when you we have considered your proposals for settlement of the current crisis. and of course, we will have an opportunity to discuss this. we know that you are basing this or principle of furnace and upholding the principle of international law, indivisible, security for all countries. you also know that we're always open to negotiations. we'll discuss all these issues, including who initiative french president emanuel. my whole government has survived to no confidence 1st and the national assembly over its controversial pension reforms. 278 m. p. 's voted in favor of the 1st no competence motion. 9 short of the number needed to bring the government down. parliament then reject to the 2nd motion. by the far right. they were in response to widespread anger after the government's bypass parliament to push through plans to raise the retirement age. $62.00 to $64.00. a 2 warring sides in yemen, conflicts have agreed to free 887 detainees, and to meet again in may after 10 days of negotiations in switzerland exchange of around 15000 conflict related detainees has been under discussion as a key competence building measure under december 2018 un radiated due, known as the stock home agreement. the conflict in yemen who want to be seen as a proxy war between saudi arabia and iran. a saudi that coalition intervened in yemen in 2015 after these out to the government from the capital santa, in 2014. the parties have agreed on implementation plans to release 887 complex related that they needed from all sides. they also agreed to reconvene in mid may to discuss more releases. they further committed to exchange joint visits to each other's detention facilities and to enable access to all the pennies during these visits, we have a level of trust with all the parties involved in this release. we have this unique partnership with the un in yemen. and i have no reason to believe that it will be a success in a success which needs to happen as soon as possible, because we all know that my dad is coming. and i think we can't lose a single day to have those detainees, united comedies, a us aid worker and the french journalist who were kidnapped by all groups in west africa have been released a took a jeffrey would care was kidnapped in the jet, and held hostage for more than 6 years, and french journalist on the v boy was kidnapped in neighboring molly in 2021 official say the circumstances surrounding the 2 men's release are not yet clear. thousands of people march to cities in south africa, demanding the resignation of president sewell ram, oppose that movement was led by opposition party, the economic freedom fighters, the called for national shot down and mass demonstrations. they blame the ruling african national congress, the high unemployment and rolling power outages. police and security forces were on high alert to main, maintain security. a united nations report has warned that the window of opportunity to beat climate change is rapidly closing. it says extreme weather events will get worse unless the world acts now to secure a livable future for all stop predictions outlined in the u. n. reporter expected to shape climate policy in the years to come. when chief antonio terror says, the climate time mom is taking, as he urged rich nations to slash their mission sooner, those the top stories to stay with a lot of water is coming up next, a few or 2 that i know i know that is so well pretty sure something he can see quicker golf kitchen, which is better to hook up the account. so she didn't know if he rising nor with the cross out of london. 39 degrees breaking the july record call. it says on of the guns the lump in denying that i've got to kill the girl to go to the menu reba. legal possible resort due to me. no, i don't know the summer 2019 in europe illustrated. the urgency of the climate crisis, which claimed its 1st victim water. the demand is going straight up and the supply is going straight down. i mean, it is dark. it's stark. located don't read them from the 3rd by water farmers destroyed while others might adapt to climate reco breaking the way in today. 70 percent of the earth's pure water is used to human consumption. it has become the most coveted resource on the planet all in try. not doing anything that requires water to die and say, hey you guy, you won't be wearing any clothes. you might be using him at all time. you might be driving in a car. might be living in a house. you might be having breakfast. why be having lunch? well, i'd be having dinner. water is in everything that we do with the safe, you managing wall street wants to start a revolution will make water profitable and create water markets. just like coil markets. water falls from the sky. therefore, it should be fray. whenever i hear that i always say diamonds occur in nature and they're not for me. it's a financial product like any other financial product, a company way around. i'm on my way back to $495.00 like you just did the beginning of this water financial revolution. what about the guy that can't afford it? that guy still needs water. in the blue gold rush has begun with. can anyone stocked? the human right to water means that it's not a charity, it's an issue of justice. this is the issue of our time. this is the crisis of our time with financial pressure on human mobilization. rising. the battle oval water has already begun. who will come out on top of the planet? the people on the markets. he thought the hot weather was bad this weekend. just wait until tomorrow. the 5th day of our he wave is expected to be increase, uncomfortable and potentially dangerous, and really very hot. today. it's moving in from the mid west where they've been dealing with this well, 3 teeth and now that it's moving here to the east coast to coast, dig around for several days. be coming up full blown, making a commodity listed on the stock exchange, bet on its price. and if wall street replicate the australian model, ah, ah young money and ever since the subprime crisis, causing economic ruin for countries and individuals, the financial giants have been looking for new areas to invest in. in june 28, the investment bank, goldman sachs, starts to one, is water. the new in the sun invite to the top clients to take a bath on the future. the goldman sachs, the conference. that was me. i used to work at goldman sachs in 2008. that was a conference that i held there is this absolute intuitive appeal that says population growth is outstripping, the water supply. that must mean companies are engaging in the water business. are a sure thing that there can't mess. they get mesmerized by these mega trend appeals and water. me is water. the next oil, we set it up as a question and then mostly dismissed it. water does not have sophisticated training market and has no substitutes. the questions not going to go away, which is probably not ready for it yet. ah, goldman sachs and it's investors must wait. public opinion is not ready yet. it's not until 2015 and the international climate change conference in paris at the well leaders finally declare a state of emergency. we are here. we are now replace on short term interest behind the air that our young people will breathe in the food that they will eat in the water that they will drink and the hopes and dreams that sustain their lives. then we won't be too late for them. in the developed world for the last 100 years, we haven't had to think about our water or worry about our water. it's been essentially unlimited wherever we want it whenever we want it. it's been really inexpensive. no one thinks about their water bill. they don't say, oh, take a shorter shower, the water is too expensive. i think that era is over climate change is going to have a huge impact on water availability around the world. the same amount of water is going to be available in the big picture, but we don't live in the big picture. we live in a specific place. we raise our food in a specific place. and so the movement of that water will have a dramatic impact on how cities manage their water and how we are able to grow food to feed over the climate emergency demands radical changes. wall street brim box on its mission city group, one of the largest us banks publishes a report announcing the end of free water if you're wasting water on a gigantic scale in certain regions, icc california, sudden spain be, are seeing scarcity of water, of sometimes extreme degrees i mean, we have had thank us, fill this water, sailing to barcelona. ah, there is no alternative to pricing water properly. and making people realize that every time they take a sip of water, there is an opportunity cost and they feel within their wallet. how else are you going to get people to use less? if you give it to them for free? ah, the dams is broken. the soft sounds of liberalism grow louder to celebrate the union of finance and water. yeah, go to she, acid markets, selling water derivatives, even the high frequency traders, the hedge funds would be co interested. so know everybody sees this as an opportunity did, will come you question is just when and who will push it 1st and hardest. and what would be their motivation in incoming prophets while or so indirectly, doing good for humanity. so it's the best all possible worlds. what could be better? it's very amorro to tread water. my will to be immoral to trade water because what is life you pay for health care? just because it's life doesn't mean it cannot be priced ah. the last stage in the financial nice ation of bought the loan to a stock market index. want prices buy knows that a stock exchange specialize in technology. this is the 1st time that water has been reduced to an hour with me. the man who came up with the equation works in central london. as a former trader in a swiss bank, he launched the carbon markets where industrialists trade rise to pollute in the form of credit. before he discovered water, water used to be free. in the l. a. but the world is changing. there's too much stress on the system and the most important commodity on earth. com. be free forever. if you want to put it into the creed scenario, if you don't control it and use it properly, what will the rhetoric the happen? he says that the cash will have it and those about the cash, what happens launch. coogan is the sort of man who looks to the future in order to attract investors to find that he's joint forces with the top water expert in the united states. and i wanna drive around and your dads gonna just pull around to the side, mom in law, throw some hail, scoot way back up there. look like the grain. a cowboy living in idaho, and the western united states. the only man who knows the secrets of a market that was until now reserved for experts and inside of clay landry runs a company that has recorded every water transaction since the year 2000. when i got the call, it was unusual. it was a little out outside of our you know, our normal focus. i was intellectually curious. you know, from our standpoint it was relatively easy because we had the data on both. okay. we go get on their dinner now because they like lots of food, just like you it isn't a reliable index to be clear where you're not buying water. you're buying the price of water stuff. so you're not taking physical delivery of the water. so it's a little bit on the is a bit. yeah, it is a bet. were just betting whether the price is gonna be higher low. it's 6 months from now. so like i said, this is the condition on what the price. is it a speculation? i think we all are managing on what we think the future is going to look like. hey, i need to put in here. what is the free? nobody worry. we're all happy. that's going back into the dark ages. i was in the called market 2006 to 2012. people told me like, what's his nonsense, a judge? not in the front page of the news if what people are saying is coming, you better be on top of your water situation. are you going to be with our water? and what i'm doing is getting people's focus through financial instruments to see what is actually going on on the job. it changes the work, the world of water. as in australia, both partners have gained the support of powerful local environmental organizations . finances seem to be winning the environmentalists over oh no i i we're seeing more non profit organizations forming to participate in that market. and again, looking at ways to acquire water in areas where it's needed for stream flow either for fishery benefit, water quality benefit or some other type of habitat protection. the environmental water trade to make us about a quarter of the market. is it too late to stuff a financial take of a bed on water a week long heat wave is letting up in the midwest and northeast and temperatures are rising to dangerous levels in the west. excessive heat watches and warnings are posted tonight and parts of california. at the same time, nearly 4 a large while fires or burning of fossil when they learn to california, has built up its wealth through water. here the reserves are in the north, whilst the cities and farms are in the south. oh, in order to domesticate. ringback this resource, a huge canal being built tomorrow, transporting billions of gallons of water. climbing over the mountains, irrigating the fertile valleys before supplying the people of los angeles. the california aqueduct is the essential artery that ensures the life and prosperity of 40000000 p e. but climate change threatens the californian dream. california doesn't charge farmers for water. if they drill a well and pop out of the ground, they can pump as much as they want. whenever they want. not only is there no charge, no one even keeps track of how much water they use. and during the last drought, which was just a year and a half ago, some of the farmers in the central valley of california. we're pumping so hard that the ground was falling, the ground was collapsing by an inch among. mm . lots of water left. so much water. we're down there. so today i'm declaring a drought emergency in the state of california. ah, reco drops and disastrous wildfire to california has been catapulted into the world of extreme weather phenomena. father, he's supposed to be safe in the middle of the last drought, california passed a really important law that's gonna change water use in the state forever. it may change what gets grown in california. it may change who succeeds and who fails. under pressure from environmentalists, the governor is forced to vote in a new little cold sigma which limits under ground water extraction. from now on california and farmers and cities will be entitled to a specific water quote based on their consumption. a revolution in the land of the free sigma or the sustainable ground water management act. initially, i think was viewed with fear and trepidation. i think people recognize that it was a necessary piece of legislation, just like balancing your checkbook for your home, or you can't live by writing checks for more money than you have. and so i think collectively the belly is endorsed it and supports the idea of sustainability. with in bakersfield, the local water agency has decided to create a stock exchange to allow pharmacy to buy and sell that quotas. none of those to 10 years after australia in california is coming around to the concept of watermark rates in and you may be your july and you say, wow, based on this projection, i'm going to have a supply surplus. you may decide, you know, i'm going to manage that. i'm going to go into the market and make that available and maybe generate some additional economic value. so if it falls through afterwards, we hit confirm and it falls, do they didn't pay or they didn't, you know, it doesn't work out. how do we let you know again that i want to take my water back? you know, to me, you can, i that once you hit confirm, as far as the district is concerned, the transaction is complete. there's, there's going to be some growing pains, and certainly it's not going to be perfect every time. but we're trying to structure something that seems straightforward. some of the people, the wheels were beginning to turn and they were thinking, you know, can i turn this to my advantage? is there a way for me to generate additional value? and i think though, just the word market invokes and people a sense of, is there an opportunity, can i somehow be advantaged by participating? and that's by far the, the most common reaction that i had when people hear that, you know, we're creating a market for water. i think they view it as an opportunity contract with you probably are not a platform provider. i don't have skin in the game in terms of your bottom line. yeah. again, environmentalists are at the forefront encouraging the establishment of these markets. so, you know, we're here because we, we see it as an important tool for flexibility as folks are dealing with more and more scarcity under sigma and in climate change in general. so we've been talking to eric for some time since this is ground 0 for ground overdraft. it would be great to actually experiment with how water training can benefit this region. the valley here is definitely ground 0, but there's groups in sonoma. there's groups in eastern truly madera, fox canyon. everyone probably who even oh sorry, my name is christy about it and i work okay. i thought you were, i'm and even a very surprised at the pro environments or a pro markets i was to initially, i think, you know, after we had a chance to talk and understand what their interest were and recognize that we were very much aligned, these transactions have to be evaluated not just from a financial standpoint, but we also have to take into account environmental impacts, water quality issues, all the things that they're concerned about. and so it's good to have their input and their vision. and so that, that answers your 1st question, i mean, we don't know right now we're just kind of trying to project into the future. would you imagine that situation before? no, this is i think taken many of us by surprise 4 or 5 years ago. this would not have been possible why supply has been constrained by definition of sustainability. and so the market i think is necessary. ah, will california become the new australia will intensive agriculture monopolized this resource and will small farmers disappear, sacrificed in the name of water profitability. wall street's new creek are inspiring story from around the world. ah. ready human life capture in this fostering groundbreaking fumes from award with what is going on in new york city on a just either la da will say you dial as the ballade . never lame a battle? no, helen in massa doesn't. i shuffle daddy denies. she was the vamp, is it? um, that will be married without view. ah young women with a passion for space. i used to dream about working at the school, but i'm a been you like now? sound like a nasa, a small staff, the science, a giant leap for women, kind in ca, gustavo, the baton. place it and hide it. and at the schedule time the satellite would be sent to space. women make science car gift on space. school episode 5 on al jazeera examining the impact of today's headlines. this was probably one of the deadliest disasters t