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00:00:00There are unhappy people everywhere, surveys show
00:00:03that there is a wave of dissatisfaction and an increase in stress,
00:00:06sadness and frustration that is sweeping the world. In how
00:00:10to get out of the well, journalist Andrés Openheimer shares
00:00:14innovative strategies to combat unhappiness. It is
00:00:17already on sale in bookstores and online
00:00:20stores.
00:00:29We are. CNN. The World Leader in News.
00:00:35was insisted on again and again,
00:00:47what Hello, how are you? I'm José Antonio Montenegro, this is a global economy
00:00:51today, dedicating our time to
00:00:54electrification and specifically to how, despite the
00:00:58very strong attack that the fossil
00:01:01fuel industries are experiencing,
00:01:04it has the whole future of the world. There is
00:01:08no way that the process of
00:01:11advancement of electrification will stop. There are many reasons to support
00:01:15this advancement, this desire for
00:01:18the future to be of electrification and among them
00:01:21some of the most prominent ones
00:01:24we are unfortunately experiencing in these recent times, which are the
00:01:28interferences that all the geopolitical or
00:01:32devices that that that
00:01:33the data, ready for whatever global problems of oil in relation to our lives
00:01:36eh the dependence we have on oil
00:01:40is tyrannical and the world is increasingly determined to break
00:01:43that tyranny although it is a process that
00:01:46obviously requires a change of matrix from one type of energy
00:01:50to another, well, it is in
00:01:54process and it is underway and it has not stopped and it will
00:01:58not stop in an abrupt
00:02:00way,
00:02:03depend on, but in addition to these reasons for what
00:02:06in that change, that is, going faster in we are experiencing right now, there are fundamental reasons, reasons for the cost it has, reasons for
00:02:09its cleanliness, obviously, it is a clean energy,
00:02:13and for the employment it creates
00:02:16around its development and its
00:02:20expansion, it is definitely
00:02:24a matter of the future and that is why we want to put it
00:02:27into analysis, why have we... titled it ourselves, there is no
00:02:31turning back, that is what eh, in some way is
00:02:34there, the countries that are
00:02:37doing it that have embarked more on the issue of electrification and
00:02:41that have been doing it for some years are already receiving the
00:02:44benefits of that decision
00:02:48and we are also going to deal with those, the case
00:02:51of China is striking, of course, but also that of several European
00:02:54countries, but let's go to the analysis in detail with
00:02:58the help of the expert.
00:03:00who is our guest today eh Javier Sierra,
00:03:03expert in environmental issues and climate issues and who is already
00:03:07connected, Javier, thank you very much for being with
00:03:09us, thank you very much, José
00:03:12Antonio, and thanks
00:03:16for focusing now at the beginning
00:03:19on this title that we have given electrification, there is no turning
00:03:23back, is it so or are we being
00:03:26too optimistic, ah.
00:03:30Obviously there is no turning back, we are
00:03:34seeing unfortunately here in the United States it has become an international
00:03:37par from an energy
00:03:39yes, yes, it's clear, and what point of view, but it is unstoppable in the rest of the world, the United States
00:03:42is only one part of the international
00:03:44community, ah the reasons are very broad
00:03:48eh, well, we talked a bit about to eh electrify the economy,
00:03:51electrify not only from the consumer's point of view but also
00:03:56wind that occurs in from industry, from from the economy in general and
00:03:59one of the fundamental ones is how expensive dirty
00:04:02energy and polluting
00:04:05fossil fuel energy is, for example, energy
00:04:08inflation in the United States has grown almost
00:04:1116% in the last 12 months and the
00:04:15war against Iran is the crucial reason, the price of gasoline has
00:04:18increased almost 27% and that of electricity 4%. Inflation in
00:04:21general has grown
00:04:243.5% in the last 12 months and the
00:04:28predictions are not at all rosy. Antonio due to the volatility in
00:04:32the Persian Gulf, for us Latinos the crisis
00:04:34gift, has started to run with is especially
00:04:36of the economy, due to the war acute, a study by Indiana University, for example, revealed that two out of
00:04:40five Latinos have not been able to pay one of their
00:04:43electricity bills and 18% of Latino
00:04:47consumers have had their electricity disconnected at some point, the energy
00:04:51burden on households for our people here in the United States
00:04:55is 20% higher than that of
00:04:58white households, for example. Electrification
00:05:01as an element of the
00:05:03made a historic leap in future has many, then we will go into
00:05:07detail of many advantages, as you said, from the cost to the jobs that...
00:05:10it creates, to the fact that it is an energy that is a process
00:05:14that is supported by a system of clean energies, renewable
00:05:18energies, eh, there is obviously
00:05:21a transition, that is not a change overnight,
00:05:25but the very strong attack that
00:05:28we are seeing from fossil fuels is
00:05:32delaying this, this is a process of
00:05:35delay that goes very far back in time,
00:05:39no, no, obviously, there are created
00:05:41interests, the oil industry was the most
00:05:44powerful in the world, the richest in the world, but what we have to
00:05:48take into account very, very much is that climate
00:05:52inaction is very expensive, I have a
00:05:55study by Bloomberg Intelligence that concluded months ago that since
00:05:58the year 2000, the damages due to the climate
00:06:02crisis in the United States alone amount to
00:06:057.7 trillion dollars, that is, trillions
00:06:08in English, where does
00:06:12this totally extravagant figure come from, especially from the
00:06:16very serious damages that the pollution from fossil
00:06:19fuels causes to the population, damages such as asthma,
00:06:23emphysema, coronary diseases, cancer and
00:06:26even premature death. These fuels emit tremendously
00:06:29toxic gases that generate particulate matter,
00:06:32something that is a particles that lodge in the
00:06:36most remote corners of the lungs causing these
00:06:40diseases, millions of Latinos in the United States live in the areas
00:06:44with the worst air quality in the country, which makes
00:06:47them especially vulnerable to these diseases, as I
00:06:51say, continuing on the path of dirty
00:06:54fuels is something very expensive,
00:06:58very expensive and ill-advised, and a strategy that can certainly already
00:07:02be seen, because enough time has already 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 talk more about that
00:07:12or some European countries, but it is evident that investing
00:07:18the transition, because I insist, it is not an overnight
00:07:21thing, but going faster in the transition of the model
00:07:25bears fruit and yields benefits, there are already
00:07:29examples, no, yes, of course there are examples all over the
00:07:32world, for several years now all over the world
00:07:36more clean and renewable energy has been installed than dirty
00:07:39energy, we are seeing this, as you well said, especially in
00:07:42Asia, China is leading this from a totally overwhelming
00:07:46point of view, we have given
00:07:50it, the United States has handed on a silver platter all the
00:07:54advantages for China to become the
00:07:58leader of the economy of the future, that's how we are, but in addition
00:08:01I want to insist, José Antonio, the costs of
00:08:05not
00:08:09electrifying energy, as the world economy
00:08:12passes through clean and renewable energy, Latin America is, along with
00:08:16Africa, the region that has contributed the least to the climate crisis
00:08:19and the one that is suffering the most due to its
00:08:22consequences, the region spends 4.5% of its
00:08:25GDP just to alleviate the impact of the
00:08:28crisis, an illness, pardon me, an enormity that
00:08:32leaves few resources to address the solutions to this problem,
00:08:36something similar happens in the Latino community in the United States, which is
00:08:39especially vulnerable to droughts, heat waves,
00:08:42forest fires, intense
00:08:46storms and their catastrophic consequences,
00:08:52you said about the economic impact, well, there are industries, specifically
00:08:56like that of electric cars, that are being
00:08:59lost to the future, because there, today, the leader
00:09:03absolutely above all other countries is China, and the
00:09:06prospects for the future, well, that reality can be changed, but
00:09:10it's very difficult, isn't it?
00:09:13Hmm, tell me a bit about that, we're going to have to go to a quick break, let's go
00:09:17quickly, once you grant a nation the
00:09:20technological 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
00:09:41doing it. to China on a silver platter, China has accepted the
00:09:47it and we are seeing that right now this country, we can talk a
00:09:50little more about it later, but let's say that it is
00:09:54truly amazing what these people are achieving, yes, yes, yes,
00:09:57no, definitely, although we will take a break, we will be back quickly and we will
00:10:01return just to continue delving into this, many advantages
00:10:05and very few drawbacks of
00:10:07electrification, we have titled it ourselves, when we return from a brief break,
00:10:11global economy,
00:10:31I am Mexican-British, I have been practicing
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00:13:15USA is that window through which you can enter the United States
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00:13:33Carlos López, join me on Direct USA Monday to Friday
00:13:37on CNN. Hello again, Global Economy.
00:13:53We are today dedicating the program's time to
00:13:57electrification, that there is no turning back in electrification,
00:14:01an exercise, an analysis that we are doing
00:14:05with Javier Sierra, who is an expert on climate and
00:14:07environmental issues, and Javier, when we went to the break
00:14:13how China had advanced and how the United States was
00:14:17allowing that advance, but that is
00:14:20there and what one sees in countries like China or several
00:14:23European countries that also have made a big change in recent
00:14:26times, well, it's that there are many more
00:14:30advantages of electrification than
00:14:33the potential drawbacks, which are mainly that it is something
00:14:37new and that sometimes its implementation
00:14:40process is more
00:14:42difficult than things that have been around for
00:14:46no, look, let's
00:14:49take Spain as an example of the enormous advantages
00:14:52you were talking about. Talking about clean and renewable energy
00:14:56eh over dirty energy for the total electrification
00:15:01against Iran and the closure of the Strait of Hormuz, energy prices in
00:15:04Europe skyrocketed, well, in Europe, in the whole world,
00:15:08countries like Italy, Germany and the United Kingdom were paying
00:15:12more than €100 per MWh, while in
00:15:16Spain, for that amount of electricity,
00:15:19they paid about €30, why,
00:15:23because Spain since 2019 has
00:15:28the generation of clean renewable energy, especially solar and
00:15:32wind. Since 2021, clean and
00:15:35renewable energy has grown in Spain by almost 40%, which is a
00:15:39huge amount, this frees Spain from the disastrous
00:15:43fluctuations in the prices of fossil fuels, mostly
00:15:47from the Persian Gulf and other countries in continuous
00:15:50conflict. There are aspects, well, I mentioned it briefly,
00:15:54but one of the key factors is the number of
00:15:58jobs that are also created around renewable
00:16:01energies, right? Besides the fact that as you say it is much cheaper every time
00:16:05because there is also a false narrative that no, this is very
00:16:09expensive, this is when it started it was what
00:16:13well, afterwards we have seen that that is something that has to do with the beginnings
00:16:16of when renewables started, but now it is just the opposite,
00:16:20it is that electrification makes everything cheaper,
00:16:24but besides that it creates a series of a gigantic
00:16:27industrial environment
00:16:31and of development and of future
00:16:34that is priceless as job creation,
00:16:37no, no, no, not only job creation,
00:16:41José Antonio, ah, look, we are
00:16:44seeing it all over the world, let's talk about
00:16:48China a little more because it is really something truly
00:16:51amazing, look, eh, years ago,
00:16:54about 15 years ago more or less, China had a huge
00:16:57problem, a problem that really had
00:17:00it practically on its knees, in its northeast
00:17:03quadrant, that's where eh, practically
00:17:06the immense amount of heavy industry, the most polluting, is located, about
00:17:10500 million people live there, just by living
00:17:13there they lost 5 years of life due to
00:17:16pollution, yes, this amounts to about
00:17:192.5 billion years, imagine the
00:17:23cost to healthcare in
00:17:26China in general that generated this
00:17:30enormity, these totally exorbitant expenses,
00:17:33and what did they do, they invested hundreds of billions of dollars year
00:17:37after year after year they set
00:17:41certain goals to reach where they are today, which is that they are
00:17:45completely overcoming what they still
00:17:48unfortunately have, but it is enormously reducing
00:17:51the eh what they had
00:17:55especially in clean energy from dirty energy like
00:17:58coal, which was fundamentally what China burned the most, and now what it is doing
00:18:02is replacing everything with clean renewable energy, so it is not only
00:18:05that the economy is growing enormously, but also that the health
00:18:09of the entire Chinese population is being protected
00:18:12and not only that, a third
00:18:15factor, we are reducing the
00:18:18global warming gases that accumulate in the atmosphere and
00:18:22are causing this climate crisis, we will have to go to
00:18:26a break, but when we return we will focus, we will do a little
00:18:30wrap-up of everything you have said, but we will focus on that aspect
00:18:33that from the point of view of health, from the point of view of the
00:18:37world... that we want from the point of view of economics
00:18:40that we all have a decent
00:18:44way of life, well, electrification
00:18:46is a key factor, stay with us, Global Economy.
00:19:08It was important to cover the trial of Genaro García Luna because this
00:19:12is the highest-ranking public official in Mexico
00:19:15to be tried and convicted in the United States
00:19:18for drug trafficking, it was
00:19:21incredible to be there to hear these
00:19:24testimonies and to be able to learn
00:19:27exactly how drug cartels
00:19:30operate and how they can operate with the
00:19:34support many times of government officials,
00:19:38covering a federal trial in the United States is always a difficult
00:19:41task, you have to get to court very
00:19:45early to secure a seat
00:19:47inside the courtroom, but also because cameras are not
00:19:51allowed to record what is happening in the room,
00:19:55so you have to take notes, imagine 8 hours
00:19:58taking notes of everything that is said, everything that happens to
00:20:02be able to report it to you.
00:20:06The complete story with Anderson Cooper, the best journalists from
00:20:10CNN share deeply documented stories.
00:20:14This is the story of Steve's
00:20:17apple. If I was to take up sports betting, what would your advice be to
00:20:21me? You believe the civil government should be guided and
00:20:24dictated by biblical law, right? How in the world did you survive this? The
00:20:28full force of that technology.
00:20:31The complete story with Anderson
00:20:34Cooper, on Sunday. Hello again Global
00:22:45Economy, we are talking about electrification and
00:22:48how there is no turning back in the process of electrification,
00:22:52no matter how much the fossil
00:22:54fuel industry tries to
00:22:58prevent it, we are doing it with Javier Sierra,
00:23:01an expert in climate and environmental issues, in this
00:23:04segment we said when we were going to the break before, Javier,
00:23:08that we wanted to do a little wrap-up, to ask you to
00:23:12put everything in one bucket and tell us, well, this
00:23:16is what we should do, this is the most
00:23:20difficult thing right now, these are the great threats, the great
00:23:23threats, eh, what are they, well, in a generic way,
00:23:27what I say about the attack of the fossil
00:23:30industries, old fossil industries, but what
00:23:34do we have to try to avoid with
00:23:38flexibility? I think we are seeing
00:23:42it every day, the consequences of the climate crisis, which
00:23:45unfortunately in some of its aspects is already
00:23:48irreversible. The extraordinary warming of the
00:23:51atmosphere, due to fossil fuel emissions,
00:23:55favors droughts, extreme
00:23:58heat that dries forests and turns them into
00:24:01tinder at the mercy of any spark that ignites disaster,
00:24:05the reason is that with the excessive warming of the atmosphere, winters every
00:24:08year are shorter and summers are longer, and winter
00:24:12already has a deficit of more than 70 days and summer, of
00:24:16course, a surplus of 70 days, only here. In
00:24:20North America, science warns us that we must put an end to dirty
00:24:24fuels that cause this tragedy and promote an economy of
00:24:27clean and renewable energy that has been proven again and
00:24:31again, it is the cheapest for the consumer,
00:24:34it is the cheapest to install, the fastest to
00:24:37install and also uses a, I'm going to call it, fuel that
00:24:40is free and inexhaustible, the sun's rays or the
00:24:46the atmosphere. What kind of growth in a
00:24:50situation in which, well, everyone collaborates
00:24:52as much as possible, which is not the situation today, but well,
00:24:56imagine that in a few years we are a little more
00:25:00convinced of the eh, well, of the dead
00:25:03end, which is this current strategy and that we put even
00:25:07more resources into changing the energy
00:25:10matrix, what, what, what is an
00:25:13ideal scenario, so to speak, that
00:25:16we should reach in another decade.
00:25:21I don't know if we have another decade, José Antonio, but I will tell you what
00:25:25would be a fundamental ingredient, fundamental for us to
00:25:28finally leave fossil
00:25:32fuels aside once and for all, end the
00:25:35subsidies, we are talking about trillions of
00:25:38dollars, 7 trillion dollars, that is, 7
00:25:42quadrillion dollars, there are so many zeros there that it is practically
00:25:45impossible to understand this
00:25:48figure, end with... the subsidies that
00:25:51the fossil fuel industry receives, not only here in the United
00:25:55States, but throughout the world, that's where we have to start and
00:25:59use those resources to promote clean
00:26:03and renewable energies that are already here, they are a
00:26:06reality, they are the cheapest, I repeat it again, because this must be repeated
00:26:09again and again, the cheapest not only for the country in general
00:26:13but for any particular consumer, that's where we have to
00:26:16start, the consumer,
00:26:20what can we, where can we
00:26:22go,
00:26:24where can we go, ah, obviously electrification as you say
00:26:28is the key, eh, let's say what the
00:26:31domestic appliances and the appliances that are available, I have an electric
00:26:35car, I have an electric car already, eh, thanks to the
00:26:39discounts I received from the federal government, they reduced it
00:26:42by 10,000, so, eh, especially now since the war
00:26:46started, for example, I fill it up, I'm charging
00:26:50it right now and that will last me a whole month and it will
00:26:54cost me between 25 and 27
00:26:57it's a pretty big car, a car of that
00:27:01size that runs on gasoline, it would cost me 60,
00:27:0570, $80 to fill the fuel tank,
00:27:09the differences are huge, if you have
00:27:13what is called aerothermal energy at
00:27:16home instead of other traditional
00:27:20appliances, you are saving half of the energy you
00:27:23generate, either to heat the house or to cool it,
00:27:27any eh, all the eh, modern
00:27:31appliances come with... a series of
00:27:35save you a lot of money, so the solutions are already
00:27:38here from the consumer's point of view and from the macroeconomic point of view, it's time for a
00:27:42country to make decisions like Spain has made, like China
00:27:46is making to really leave behind the energies of the
00:27:49past with all their terrible consequences
00:27:52and open wide a clean,
00:27:55renewable energy economy that benefits us all, our
00:27:59health, our wallet and above all.
00:28:03the atmosphere we all
00:28:06what is clear is that the future will certainly not be tied to
00:28:09coal jobs or
00:28:13well, many of the oil fields we so often talk about
00:28:17and interested parties talk about in that narrative that they are there that
00:28:20there is a lot will remain underground because
00:28:23if eh if the future
00:28:27is allowed to advance and the for example, the advancement of technologies is talked about and we have to
00:28:31finish quickly also eh but of course, there is a lot of
00:28:34progress in terms of energy, but then for reasons
00:28:38of economic interests they don't want
00:28:40to substitute, that is, to complicate the change matrix, this
00:28:44that we have talked about for I don't know how many years, that well, if for
00:28:48a while there is oil, there is gas, I don't know what else, but we are entering, well,
00:28:52it is continuously interrupted for reasons of the
00:28:55most well, of little weight,
00:28:59well, we have to go, thank you very much Javier for having been with
00:29:02us and for having put on stage and in front of
00:29:06our eyes this situation that is so easy to
00:29:10resolve, but in which there is optimism and that indeed there is
00:29:13no turning back, thank you very much, thank
00:29:17you, Antonio, greetings, it was Javier Sierra,
00:29:20expert in climate and
00:29:23environmental issues, thank you of course for
00:29:27your kindness to allow us into your
00:29:30homes every week and you know, if you want we are for
00:29:34more in 7 days, global
00:29:37economy, a big hug,
00:29:59we are CNN, the world leader in news.
00:30:15Only bread, bed and soap, nothing else for
00:30:18asylum seekers, was the slogan in 2024 by the
00:30:22German radical right that today re-edit and
00:30:25radicalize, AfD says: for the
00:30:29children of irregular immigrants, separate schools
00:30:33for refugees, areas away from the general
00:30:37population, establishments with foreigners must pay to
00:30:40guard them, because they claim that they increase violence,
00:30:44it is an alternative for Germany that triumphed in the
00:30:47local elections of Saxony Anhalt, with its leader
00:30:51Ulrich Segmund, who aims to give a friendlier face to a
00:30:55group accused by the German Evangelical Church of
00:30:58wanting to destroy the...