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Our kids have said to us since we've been...
...garbage in a field, and that's what happens to them, because in a period of time, they turn to garbage.
Most expensive energy ever.
They only work if you get subsidy.
The only people that want them are the people that are getting rich off windmills, getting massive subsidies from the US government.
And it's the most expensive energy there is.
It's many, many times more expensive than clean, natural gas.
Back to World Business Report.
Thanks, Will. Has it felt like a challenging week, a shift in direction, or were people in the sector kind of braced for what was clearly going to be a change in direction in terms of policy and investment in the world's biggest economy?
Yeah, I think we knew which direction it was going to take.
Clearly, to see what kind of form he will take executive orders is always interesting.
europe and hungary has been a great a great uh example of attracting a lot of chinese and korean battery manufacturers to build gigafactories there um so we should we should learn from that experience yeah well we'll cross there and see exactly what they're doing in just a moment but just do a bit of crystal
ball gazing for us first of all andy binner as i kind of said sort of a slightly buffeting start to the year for the green energy sector look ahead to the rest of the year Does it calm down on that investment business owner?
Just about the impact, and we heard it in the headlines as well, about what some of that business was doing already to the local area.
We're clearly struggling a tiny bit with the line there to Jordan Dunbar.
So why don't we just return to Shanti Kellerman momentarily from Energy Wealth here in London as well.
And Shanti, that's a fascinating kind of tie -up, isn't it?
This relationship Europe's got with clearly the biggest player in all of this, as Andy Brown was saying, the kind of Chinese companies, companies like BYD in the EV space, CATL.
It's a sector the EU says is critical to its climate plans and economic future.
So for a country of 10 million people to become reportedly the third biggest manufactory of batteries in the world is pretty incredible.
Yeah, absolutely. And we heard some of, we jumped the gun a little bit in terms of playing the clip from some of the local reaction there, but seems like having a big...
Tariffs and so on were coming out.
But for them, they all said that tariffs won't affect them directly.
They're not going to be on Hungary.
But if President Trump's plans for America first, if that causes the EU economy to shrink, and particularly Germany, people will have less money.
And that's really going to slow down the EV market, which we've already seen.
That will dry up the investment heading to these Hungarian factories.
We work very closely with the city of Johannesburg, where businesses can engage with the city to how we can address the structure.
Because we saw these crisis areas.
But at present, we're looking how we can be the voice of business, how we can work together and address these challenges, because as I say, it is a major challenges and many people, many businesses are being impacted negatively.
And it's also important for the private sector to be part of the solution, you know, because big amounts of investment is required to address the challenge.
management um and if we stay on you know go for the more the deregulation angles those are the things that financial markets will pick up and say okay you know if company costs are lower we can expect higher profits in the future and in terms of that pace
