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00:00:31the world leader in news.
00:00:35the data, ready for what
00:00:49key, uh, let's say Hello, how are you? I'm José Antonio Montenegro, this is Globo Economía, today dedicating
00:00:52our time to electrification and specifically
00:00:56to how, despite the very strong attack it is
00:01:00receiving from the fossil
00:01:03fuel industries, well, it has all the
00:01:06future in the world, there is no way that
00:01:09the electrification process
00:01:12can be stopped, there are many reasons to support
00:01:15this advance, this
00:01:18desire for the future to be electrification and among
00:01:21them some of the most prominent ones
00:01:25we are unfortunately experiencing in these recent times, which are the
00:01:28interferences that all the geopolitical
00:01:31or global oil problems around
00:01:35our lives,
00:01:38to health eh, the dependence we have on oil is tyrannical
00:01:41and the world is increasingly determined to break
00:01:45that tyranny, although it is a process that obviously requires a change
00:01:49of energy matrix from one type of energy
00:01:52to another, well, it is in
00:01:55process and it is underway and it has
00:01:58not stopped nor will it stop in a abrupt
00:02:00way, but in addition to these reasons for what
00:02:04we are experiencing right now, there are fundamental reasons, reasons
00:02:08for the cost it has, reasons for its cleanliness, obviously, it is a
00:02:12clean energy, and for the jobs
00:02:15it creates around its development, its
00:02:18expansion, it is definitive,
00:02:24depend. definitely a topic for the future and that is why
00:02:26we want to put it and analyze it like this, because we
00:02:30have titled it, there is no turning back, that is
00:02:32what in some way is there, the countries
00:02:36that are doing it, have embarked more on
00:02:39the issue of electrification and that have already been doing it for some years are
00:02:43already receiving the benefits of that
00:02:46decision and we are also going to take care of those
00:02:50grammatigo, the case of China, of course, but also several
00:02:54European countries, but let's go now to the detailed
00:02:57analysis with the help of the
00:02:59what I say about the impact of the expert, who is our guest today,
00:03:02Javier Sierra, expert on environmental
00:03:06and climate issues and who is already connected, Javier, thank you very much for being
00:03:09with us, thank you very much, José
00:03:12Antonio,
00:03:14seeing every day the consequences of and thank you for focusing
00:03:18now at the beginning this title that we have given it,
00:03:21electrification, no turning back, is that
00:03:25right or are we being too
00:03:27optimistic.
00:03:30Ah, obviously, there's no turning back,
00:03:34we are seeing, unfortunately, here in the United States it has become an international
00:03:38pair from the
00:03:40yes, it's energy point of view, it is unstoppable in the rest of the world, the United States
00:03:42is only a part of the international community,
00:03:46ah, the reasons are very broad for
00:03:49eh, electrifying the economy,
00:03:52electrifying not only from the consumer's point of view, but also
00:03:56from industry, from the economy in general, and one...
00:04:00the fundamental reasons is how expensive dirty
00:04:02energy and polluting
00:04:06fossil fuels are, for example, energy
00:04:09inflation in the United States has grown almost
00:04:1116% in the last 12 months and the
00:04:15sun's rays or the wind war against Iran is the crucial
00:04:18Spain as an example of reason, the price of gasoline has increased almost 27% and that of electricity 4%.
00:04:21Inflation in general has grown
00:04:243.5% in the last 12 months and the
00:04:28predictions are not good. José Antonio due to the volatility in
00:04:32the Persian Gulf, for us Latinos the crisis is
00:04:34gift, has started to run with especially acute, a study by Indiana
00:04:38University, for example, revealed that two out of five Latinos have not
00:04:42been able to pay one of their electricity bills and
00:04:4518% of Latino consumers have had their
00:04:49electricity disconnected at some point, the energy burden of our people's
00:04:54a historic leap in homes here in the United States is 20%
00:04:57higher than that of white households for...
00:05:00example,
00:05:02a a dejar de
00:05:02What excites electrification, as an element of the
00:05:05future, has a lot, then we will go into
00:05:09detail of a lot of advantages, as you said, from cost to jobs,
00:05:12which it creates, which is an energy that is a process,
00:05:16let's say, supported by a system of clean energy, renewable
00:05:20energy, eh, there is obviously
00:05:23a transition that needs to happen, that is not a change overnight,
00:05:27but the very strong impact we are
00:05:30seeing from fossil fuels is
00:05:34delaying it, this is a process, the
00:05:37delay that goes very far back in
00:05:39time, no, no, obviously, there are some
00:05:43vested interests, the oil industry was the most
00:05:46powerful in the world, the richest in the world, ah, but what
00:05:50we have to take very much into account is that climate
00:05:53inaction is very expensive, I have a study
00:05:57by Bloomberg Challenges concluded months ago that since
00:06:002000, the damages due to the climate
00:06:04crisis in the United States alone amount to
00:06:077.7 trillion dollars, that is, trillions
00:06:10in English, where does this
00:06:14totally extravagant figure come from, especially
00:06:17from the very serious damages that fossil fuel pollution causes to the
00:06:21population, damages such as asthma, emphysema,
00:06:24coronary diseases, cancer and even premature
00:06:27death, these fuels emit tremendously toxic gases
00:06:30that generate particulate matter, something that is
00:06:34these are particles that lodge in the most
00:06:37remote corners of the lungs causing these diseases,
00:06:41millions of Latinos in the United States live in the areas with the worst
00:06:45air quality in the country, which makes them especially vulnerable
00:06:48to these diseases, as I
00:06:51say, continuing on the path of dirty
00:06:55fuels is something very expensive,
00:06:58very expensive and ill-advised and a strategy that is certainly
00:07:02already evident because enough time has passed, I said in my brief
00:07:05introduction that there are countries like China that are already seeing
00:07:08the advances and progress, then we will also talk more about...
00:07:12or some European countries, but it is
00:07:15clear that investing in that change, that is, going faster in the
00:07:19transition, because I insist, it is not an overnight thing,
00:07:22but going faster in the transition of the model yields
00:07:26results and yields benefits, there are already
00:07:29examples, right, yes, of course there are examples all over the
00:07:32world, for several years now, all over the world,
00:07:36more clean renewable energy has been installed than dirty energy, this
00:07:40we are seeing, as you rightly said, especially in
00:07:42Asia, China is leading this from a completely
00:07:46overwhelming point of view, we have
00:07:48given, the United States has
00:07:52granted on a silver platter all the advantages for
00:07:56China to become the leader of the economy of the future,
00:08:00that's how it goes, but the thing is, and I
00:08:03want to insist, José Antonio, the costs of
00:08:06not electrifying energy, as it is called in the
00:08:10global economy, through clean and renewable energy,
00:08:14Latin America is, along with Africa, the region that has contributed the least
00:08:18to the climate crisis and the one that is suffering the most
00:08:21due to its consequences, the region spends
00:08:244.5% of its GDP just
00:08:27to mitigate the impact of the crisis, an illness, pardon me,
00:08:30an enormity that leaves few resources to address
00:08:34the solutions to this problem, something similar happens in the Latino community in the United
00:08:38States, which is especially vulnerable to droughts, heat
00:08:42waves, forest fires, intense
00:08:46storms and their catastrophic
00:08:49consequences, yes,
00:08:52clear, and what you said about the economic impact, well, there are industries in
00:08:56particular, like that of electric cars, that are being
00:08:59lost to the future, because today, the leader
00:09:03absolutely above all other countries is China, and
00:09:07the prospects for the future, well, that reality can be changed, but it's
00:09:11very difficult, right?
00:09:13Tell me a little about that, we'll have to take a quick break, well,
00:09:17quickly, once you grant a nation the
00:09:21technological advantage, the financial
00:09:24advantage and the political advantage
00:09:27to become the number one power
00:09:31from the point of view of the economy of the future, it is very
00:09:35difficult to recover that lost space, especially when you do it
00:09:38voluntarily, which is what is happening with the United States, it is giving
00:09:42a gift to China on a platter, China has collected the
00:09:47it and we are seeing that right now this country, we can talk a
00:09:51little more later, but really it is
00:09:54amazing what these people are achieving, yes, yes, yes,
00:09:58no, indeed, although we will take a break, we will be back quickly and we will
00:10:01be back just to continue delving into this, many advantages and
00:10:05very few disadvantages of electrification, we have titled
00:10:09it when we return from a short break,
00:10:35As you can see, you can't see anything at this
00:10:37point, only the roofs of the houses, these are
00:10:41rivers that completely overflowed and have left
00:10:44the community of Arcadia isolated, but many
00:10:48other communities nearby. The full story with
00:10:52Anderson Cooper, the best journalists from...
00:11:26One story can change everything, a look at
00:11:29the reconstruction efforts of a city and the hope of a people
00:11:33determined to rise, it evolved very quickly and we never thought it would reach
00:11:37a category 5 and to understand what is
00:11:41happening, let's go with my colleague Yone Molinares to
00:11:44Washington,
00:11:46the explosion, well, we can see the dimension it had to take away the entire
00:11:50facade, we listen to the protagonists, they
00:11:54laughed at us as mothers and fathers of the
00:11:5743, where she lived a bomb fell, we are about to
00:12:00board this Mexican air force plane heading to
00:12:04Romania to have a complete vision, we are here
00:12:07as migrants to progress, to make this country grow, there are great
00:12:11stories to know and many perspectives to analyze.
00:12:15Perspectives with Mario González, Monday to
00:12:18Friday on
00:12:19CNN.
00:12:31The news doesn't stop and CNN is always
00:12:35present to bring you the most relevant
00:12:37information. Now, on weekends, follow Rey Rodríguez,
00:12:41who leads the team of Mirador Mundial, your point of reference
00:12:45to find out what's happening in your city, in your country and
00:12:49in the world, stay with CNN for accurate
00:12:52and timely information.
00:13:43Hello again, Globo Economía, today we are dedicating the
00:13:46program's time to electrification, since there is no turning
00:13:50back in electrification, an
00:13:53analysis exercise that we are doing with Javier Sierra, who is an expert
00:13:57on climate and environmental issues, and Javier, when we went to the break
00:14:00eh well we were talking a little about how China
00:14:04had advanced and how the United States was giving it
00:14:07that advantage on a silver platter, but that's there and what one sees
00:14:11in countries like China or several European countries that have also made
00:14:15a great change in recent times, well, it is
00:14:18that there are many more advantages to
00:14:21electrification than the potential disadvantages,
00:14:25and besides, the disadvantages, above all, are that it is something new and
00:14:29that, well, sometimes it has its process of implementation
00:14:33that is more difficult than things that have been around for 100
00:14:37or 200 years, no, look, let's take
00:14:43the enormous advantages you were talking about of clean and
00:14:46renewable energy, eh, over dirty energy for the
00:14:50total electrification of the economy, as a result of the war against Iran and
00:14:54the closure of the Strait. Dormooth, the energy prices in Europe soared,
00:14:57well, in Europe, in the whole world, countries like Italy,
00:15:01Germany and the United Kingdom were paying more than
00:15:04€100 per MWh, however, in
00:15:08Spain for that amount of electricity, about
00:15:11€30 were paid, why? Because Spain since 2019
00:15:15has made
00:15:19the generation of clean renewable energy, especially solar and
00:15:22wind, since 2021 the... clean and
00:15:25renewable energy has grown in Spain by about 40%, which is a
00:15:29huge amount, this frees Spain from the disastrous
00:15:33fluctuations in the prices of fossil fuels, mostly
00:15:37from the Persian Gulf and other countries
00:15:40in continuous conflict. There is an aspect, well,
00:15:43I mentioned it briefly, but one of the
00:15:46key factors is the number of jobs that are also created around
00:15:50renewable energies, right? Apart from the fact that
00:15:54as you say, it is much cheaper each time because there is also
00:15:57a story, a false narrative that no, this is very
00:16:01expensive, this is one when it started it was what was insisted on again and again,
00:16:04well, after that we have already seen that that is something that has to do with the
00:16:08beginnings of when renewables started, but right now it is actually the
00:16:12opposite, that is, electrification makes everything cheaper,
00:16:15but apart from that it creates a huge
00:16:18industrial environment
00:16:21and development and future
00:16:24that has no price as job
00:16:27creation, right? No, no, no, not only job
00:16:30creation, José Antonio, ah,
00:16:34look, we are seeing it all over the world. Let's talk
00:16:37about China a little more because it is really something that is truly
00:16:41amazing, look, years ago,
00:16:44about 15 years ago or so, China had a huge
00:16:47problem, a problem that really had it
00:16:50practically on its knees, in its northeastern
00:16:53quadrant is where practically the
00:16:56immense majority of heavy industry is, the one that pollutes the most, there
00:17:00live some 500 million people, just by living there they
00:17:03lost 5 years of life due to
00:17:07the... ination already, this implies some 2,500
00:17:10million years, imagine the cost
00:17:15care these of China in
00:17:18general that generated this enormity, these totally
00:17:21exorbitant expenses, and what did they do, they invested hundreds of
00:17:25thousands of millions of dollars, year after year after year,
00:17:29certain goals were set to reach what they are today,
00:17:33that they are completely surpassing what is the
00:17:37the they still have it unfortunately, but it is being
00:17:41enormously reduced the the what it had
00:17:45especially of clean energy of dirty energy like
00:17:48coal that was fundamentally what China burned the most and now what it is doing
00:17:52is replacing everything with clean renewable energy, so it is not only
00:17:55that its economy is growing enormously but also that the
00:17:59health of the entire Chinese population is being
00:18:02protected and not only that, a third
00:18:06factor is being reduced. the greenhouse
00:18:10gases that accumulate in the atmosphere and are causing this
00:18:13climate crisis, we are going to have to take a break, but when
00:18:17we come back we are going to focus, we are going to do a little wrap-up
00:18:21of everything you have said, but we are going to focus on that aspect that from the
00:18:25point of view of health, from the point of view of the world we want, from the point of
00:18:28view of economics, so that all
00:18:32of us have a decent way of
00:18:35life, well, electrification is a key factor, stay with
00:18:39us, Globo Economía.
00:18:58It was important to cover the trial of Genaro García Luna, because this
00:19:02is the highest-level public official in Mexico
00:19:05to be prosecuted and
00:19:09convicted in the United States for
00:19:11drug trafficking, it was incredible to be there
00:19:15to hear these testimonies and to be able
00:19:18to learn exactly how
00:19:21drug cartels work and how they can
00:19:24operate with the support, many
00:19:27times, of government officials. Covering a federal
00:19:31trial in the United States is always a difficult task,
00:19:35you have to arrive at court very early
00:19:38to secure a seat inside the courtroom, but
00:19:41also because cameras are not allowed to record what
00:19:45is happening in the room, so you have to take notes,
00:19:49imagine 8 hours taking notes of everything that
00:19:53is said, everything that happens to be able to report it to
00:19:56you,
00:19:59I am Mexican-British, I have been practicing
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00:22:02today with Yone Molinares, the Capitol
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00:23:07Hello again, Globo Economía, we are talking about electrification and how there is
00:23:10no turning back in the electrification process, no matter
00:23:14how much the fossil fuel industry tries
00:23:18to prevent it, we are doing it with Javier Sierra,
00:23:21an expert on climate and environmental issues, in this
00:23:25block we said when we were going to the break earlier, Javier,
00:23:29that we wanted to do a little wrap-up and ask you to
00:23:33put everything in a bucket and tell us, well, look, this
00:23:36is what we should do, this is the most
00:23:40difficult thing right now, these are the great threats, the great
00:23:43threats, eh, what are they, well, in a generic way
00:23:49fossil industries, eh, fancy
00:23:52fossil industries, but what is it that we have to
00:23:55try to avoid
00:23:58with caution? I think we are
00:24:04the climate crisis that unfortunately
00:24:07in some of its aspects is already irreversible, the
00:24:10extraordinary warming of the atmosphere due to
00:24:14fossil fuel emissions favors droughts, extreme
00:24:16heat that
00:24:20dries out forests and turns them into tinder at the mercy of any
00:24:23spark that ignites disaster, the reason is that with the excessive
00:24:27warming of the atmosphere, winters are getting shorter every year and
00:24:31summers longer, and winter already has a deficit of more than
00:24:3570 days and summer, of course, a surplus of 70
00:24:39days only here in North America, science warns us that we must
00:24:43end dirty fuels that cause this tragedy
00:24:46and promote a clean renewable energy economy that has been...
00:24:50proven time and again, it is the cheapest
00:24:52for the consumer, it is the cheapest to
00:24:55install, the fastest to install and it also uses what
00:24:59I will call a fuel that is free and inexhaustible, the
00:25:05that occurs in the atmosphere,
00:25:08what kind of growth in a situation in which, well,
00:25:12everyone collaborates as much
00:25:14as possible, which is not the current situation, but well, imagine that in a few
00:25:18years we have a little more conviction about the
00:25:22eh, well, the dead end that this current
00:25:25strategy is and that we put even more means into going to
00:25:29the energy matrix change, what
00:25:33what, what is an ideal scenario, so to
00:25:35speak, that we should reach in a decade
00:25:39or so,
00:25:42I don't know if we have a decade left, José Antonio, but I do tell you what
00:25:45a fundamental ingredient would be,
00:25:49fundamental for us to
00:25:52fossil fuels behind, to end subsidies,
00:25:55we are talking about billions of
00:25:58dollars, 7 billion dollars, that is, 7
00:26:02billion dollars, there are so many zeros there that it is practically impossible
00:26:06to understand this this this figure, to end
00:26:10with the with the subsidies that the fossil
00:26:13fuel industry receives, not only here in the United States but all over the
00:26:17world, we have to start there and use those
00:26:20resources to promote clean and renewable energies
00:26:24that are already a reality, they are the cheapest,
00:26:27I repeat it again because this needs to be repeated again and again, the cheapest not
00:26:31only for... for the country in general, but for any particular
00:26:35consumer, that's where we need to start,
00:26:39the consumer, what, where can he, where can
00:26:42we go,
00:26:45where can we go, obviously electrification as you say
00:26:48is the
00:26:51that the appliances and devices that are available,
00:26:54I have an electric car, I have an electric car
00:26:57already, uh, thanks to the discounts I received from the
00:27:01federal government. They reduced it by $10,000,
00:27:05so, uh, especially now since the war in
00:27:08Iran started, for example, I fill
00:27:12it up, I'm charging it right now and that will last
00:27:16me a whole month and it will cost me between 25 and
00:27:2027. It's a pretty big car, a car of that
00:27:22size that runs on gasoline would
00:27:25cost me 60, 70, $80 to fill
00:27:29the fuel tank. It's huge.
00:27:32If you have, uh, what is called
00:27:35aerothermal energy at home, instead of other
00:27:39traditional appliances, you are saving
00:27:42half on the energy you generate, whether it's to heat the
00:27:45house or to cool it, any, uh, all
00:27:49the modern appliances come with a series
00:27:53of devices that save you a lot of money,
00:27:57so the solutions are already here from the consumer's point of
00:28:01view and from the macroeconomic point of view, it's time for a
00:28:04country to make decisions like Spain has, like China
00:28:08is, to really leave behind the energies of the
00:28:11past with all their terrible consequences
00:28:14and to open wide an economy of clean,
00:28:17renewable energy that benefits us all, our health, our, our
00:28:21pockets and especially the atmosphere on which we all
00:28:26What is clear is that the future will certainly not be linked
00:28:30to coal jobs.
00:28:32Nor to, and that well, many of the oil reserves that we so often
00:28:36talk about and interested parties talk about in that
00:28:39narrative that they are there, that there is a lot, will remain
00:28:43underground because if
00:28:45the future is allowed to advance and the, we talk, for example, about
00:28:49the advance of technologies and we have to finish immediately as
00:28:52well, uh, but
00:28:55of course, a lot of progress is made in the area of energies, but
00:28:59then for reasons of economic interests, they don't want
00:29:03to replace it, complicating the change matrix,
00:29:06this one that we have talked about for I don't know how many years, that well, for a time
00:29:10there is oil, there is gas, I don't know, etc., but we are entering,
00:29:13it is continuously interrupted for reasons of
00:29:17little weight, well, we have to go, thank
00:29:21you very much, Javier, for having been with us and for having
00:29:25put on stage and in front of our eyes this
00:29:28situation that is so to be resolved, but in which there is optimism and...
00:29:32that indeed there is no turning back, thank
00:29:36you very much, thank you, Antonio, greetings,
00:29:39that was Javier Sierra, expert in
00:29:43climate and environmental issues, thank you
00:29:46of course for your kindness
00:29:49in allowing us to enter your homes every week and
00:29:52you know, if you want, we are with more in 7
00:29:55days, globe economy, a big
00:29:59hug.
00:30:21We are CNN, the world leader in
00:30:23news.
00:30:37Welcome to Conclusiones, I'm Iván Pérez Armenti for Fernando del
00:30:40Rincón, today here on Conclusiones, a high-ranking
00:30:43official confirmed to our network that President Donald Trump and the acting
00:30:47president of Venezuela, Delsi Rodríguez, will hold an informal meeting
00:30:50within the framework of the UN Assembly in New York. The meeting is scheduled for
00:30:54Tuesday. The independent international fact-finding
00:30:58mission of the UN.