let s begin in the us where as we ve been hearing, a landmark bill which includes billions of dollars to fight climate change, has been approved by the senate. the $430 billion bill will fund a range of measures to steer the us economy away from fossil fuels, with initiatives to boost electric car ownership and the use of solar energy. the bill also funds measures to reduce healthcare costs. so what does this all mean for the us economy? joining me now isjustin urquhart stewart, founder of regionally investment platform. lovely to see you. on the face of it this is a huge step forward, isn t it for the us in terms of its fight again the climate crisis but the devil will be in the detail, won t it? , will be in the detail, won t it? , ~ it? it s looks like we ll turn the other it? it s looks like we ll turn the other knock it? it s looks like we ll turn the other knock when - it? it s looks like we ll turn the other knock when we l it? it s looks like we ll turn l the o
Caspian conran is energy markets economist at baringa. caspian, good to have you on the programme. there has been a lot of conversation about supply of this energy and where it s coming from, the us boosting its provisions significantly. talk us through the demand in the run up went and what impact it is having? it is a huge role for lng to plug the gap of the potential withdrawal of russian gas as we move into the winter months, it has been softness in global energy markets this year which has helped europe stockpile additional energy reserves, global energy imports into europe are up 20% year to date, relative to last year. that has been helped because of softness of asian demand especially
The economy is at a it could the fed trying? the economy is at a it could the fed trying? we are heading for a significant the fed trying? we are heading for a significant slowdown, - the fed trying? we are heading for a significant slowdown, to l for a significant slowdown, to ease access and pull money out and use it, the fact by adjusting these payments going into could help the economy although one side will be trying to slow it down and the other side saying we have two spendin other side saying we have two spend in this area and increase expenditure. 50 spend in this area and increase expenditure- expenditure. so there is a positive expenditure. so there is a positive side expenditure. so there is a positive side to expenditure. so there is a positive side to it. - moving away from fossil fuels and looking for alternate sources of energy has become crucial notjust in the fight against climate change but also to fight rising costs of energy. the war in ukraine has result
Serious lockdowns, especially in places like shanghai, so if you had a chance to finally go enjoy the beach, the sandy beach is, the water and then be stuck there, it is really taking a toll on people s mental health.- taking a toll on people s mental health. thank you monica- mental health. thank you monica. i m mental health. thank you monica. i m sure - mental health. thank you monica. i m sure it - mental health. thank you monica. i m sure it is. - i m sure i don t need to tell you that it s been a summer of extreme weather in the northern hemisphere. here in the uk, millions of people could be facing a hosepipe ban this week amid fears the country is heading for a drought. record temperatures and very little rainfall have been affecting much of europe, leading to wildfires, particularly in spain, france and greece. meanwhile, pakistan is seeing the worst rainfall since records began 89 years ago. roads have turned to rivers, houses have been destroyed and people had to flee to