Cloud seeding planes to prevent climate floodings in Jakarta

To counteract future flooding Indonesia has decided to carry out cloud seeding to try and prevent further rainfall over the capital, Jakarta, and surrounding areas, as the death toll reached 43 on Friday amid flash floods and landslides.

Torrential rains in the days either side of the new year have flooded parts of Jakarta and nearby towns. The country’s meteorological agency called it “one of the most extreme” rainfall events since records began in 1866 and said climate change had increased the risk of extreme weather.

The Indonesian National Disaster Mitigation Agency spokesman Agus Wibowo said about 397,000 people sought refuge in shelters across the greater metropolitan area. Those returning to their homes found streets covered in mud and debris. Cars that had been parked in driveways were swept away, landing upside down in parks or piled up in narrow alleys.

With more rain forecast, two small planes were readied to drop sodium chloride to break up potential rain clouds in the skies above the Sunda Strait with a bigger plane on standby, said Indonesia’s technology agency.

This technique, called cloud seeding, means shooting salt flares into clouds in an attempt to trigger rainfall. It is often used in Indonesia to put out forest fires during the dry season, but is also used to cause precipitation earlier than expected. The idea is that rain can be forced out in certain places at certain times, leaving other areas dry.

Authorities on Thursday used hundreds of pumps to suck water out of residential areas and public infrastructure like railways. President Joko Widodo has blamed delays in flood control infrastructure projects for the disaster. Widodo announced in 2019 that he will move Indonesia’s capital to East Kalimantan province on Borneo island to reduce the burden on Jakarta, which is overpopulated and sinking.

Source: Reuters, The guardian and AP

Climate: Swedish Power One acts on facts

Companies and players are now needed to translate visionary business ideas on how CO2 emissions can be reduced, and have the ability to translate these into concrete actions, services and products that all combine sustainable economic, social, ecological and technological growth with the climate challenges.


The outcome of the closed climate summit in Madrid was diluted as the countries could not agree on the view on emissions trading. However, the total failure failed as it was agreed that climate promises should be tightened continuously rather than just renewed and that the policy should be in line with the research results that Power One has taken into account in its business model of reducing CO2 emissions.


Greta Thunberg, who was appointed as the world's most influential person by Time magazine and called  the "biggest voice within the biggest issue" faced by the planet, also stress the importance of absorbing research results and focus the economy to immediately reduce global CO2 emissions. Swedish Power One now act on the fact and creates a climate-adapted business model by setting a value per ton of CO2 saved. Instead of buying into the right to emit CO2, you can now get paid instead if you save CO2. By applying blockchain technology to this type of business model, Power One has developed the international crypto currency Ceeotoo.


All EU countries, which together represent the world's largest economy, agree to work for a climate-neutral EU in 30 years. The goal is to through legislation adapt its economy to climate neutrality by 2050.


Power One has noted that the demand for energy in the world is very high, and that the interest in renewable energy energy is increasing at a rapid pace. By taking into account both energy needs but also working to reduce CO2 emissions, Power One is already today working in line with the EU's target picture.


In summary, by investing in the Swedish start-up company Power One Burundi AB's ongoing share issue, until January 20, 2020, the company's growing number of climate- and business-conscious investors are already contributing to the realization of the EU's objective image, but also paying respect to Greta Thunberg's message about taking up the research and starting to act to create sustainable solutions - and thus enable future generations to live on earth.

Power One blocks the oil in the ground!


Swedish Power One has now entered into an agreement with an oil company in Texas to buy oil deposits in the ground with the help of its new partner and then block it from extraction in perpetual time.


By releasing the crypto currency Ceeotoo, which will pay for reduced CO2 emissions, Power One in its new collaboration will partly buy and preserve oil deposits in the ground, but the Ceeotoo coin will primarily serve as payment for reduced emissions in other forms.

A ton of saved CO2 is worth $ 100, no matter in what form it is saved. However, buying oil and blocking it in the ground is only a complement to the main cause, namely to encourage measures to reduce emissions by replacing each tonne of saved carbon dioxide with Ceeotoo. 1 tonne of CO2 is what is emitted when combustion of 2.7 barrels of oil.

Power One believes that now that the whole world of business has opened its eyes to the climate issue, it is time to set a value to every saved ton of CO2. Instead of buying into the right to emit CO2, you can now instead get paid if you save CO2. As the blockchain technology is suitable for this type of system, Power One has therefore developed the international cryptocurrency Ceeotoo.

Even in Sweden, the market for CO2 savings has increased slightly compared to previous years, and with the growing interest from the business community, a "reward system" such as Ceeotoo becomes an important encouragement and catalyst for a continued reduction.

For example: Between 2017 and 2018, greenhouse gas emissions in Sweden decreased by almost two percent. It shows fresh statistics from the Swedish Environmental Protection Agency. Compared with 1990, emissions have decreased by 27 percent in 2018. In the previous measurement, for the difference between 2016 and 2017, the reduction was 0.5 percent. This year's reduction is thus almost four times greater, but a total of 42 million tonnes of CO2 was still released last year in Sweden. It is far above what the earth can support.

To achieve Sweden's long-term goal of net zero emissions by 2045, an annual reduction rate of as much as five to eight percent is instead needed. The figures are a little different from country to country, but basically apply to the whole world. To provide an economic incentive for the continued reduction in CO2 emissions is why Power One has created Ceeotoo.

Ceeotoo´s objective is thus as an encouraging part of the package of motives needed to accelerate the necessary transition to a sustainable global society.

Green buildings better investments

For many years, the argument against green strategies was that they didn't pay back, but against the backdrop of Verizon's first green bond issue, which was eight times oversubscribed and the company's most popular security ever sold, it is clear that this is changing. 


There is increasing evidence that green buildings make better investments. The World Green Building Council summairsed responses to a recent survey, which found that those engaging in sustainable building technologies benefitted from:

  • Reductions in energy consumption, greenhouse gas emission and air pollutants
  • Improvements to occupier wellbeing, satisfaction and productivity
  • Strong financial returns for companies owning or occupying green buildings


The Morgan Stanley Institute for Sustainable Investing analysed the returns from nearly 11,000 mutual funds from 2014 to 2018, which found sustainable funds experienced a 20 per cent lower downside deviation to traditional funds.

As we move towards an age of greater responsibility - alongside some of the most significant, life changing advances in technology - we would all agree that a sustainable future requires more longer-term thinking, particularly from business leaders.

As voting populations become more vocal, central governments have no choice but to respond to those that put them in power and focus on long-term goals and outcomes. Just as governments must think beyond the change deemed possible in four or five years of elected office, business leaders must try to move away from the ubiquitous short-term investment models. Technological advances can no longer come at the expense of environmental or social impact. 

In terms of the real estate industry, we should consider data from the World Economic Forum, which shows that buildings consume around 41 per cent of the world's energy and contribute over 20 per cent of greenhouse gas emissions. Estimates suggest these emissions will grow a further 56 per cent by 2030.

- In 2015 BNP Paribas became an early adopter of the United Nations' Sustainable Development Goals (SDG) Standards, which are aimed at "eradicating poverty in equality and justice and to protect the planet to get human beings to live in peace and prosperity by 2030, argues BNP Paribas Real Estate UK CEO Andy Martin. In practice, this has led to a 25 per cent reduction in carbon emissions across their estate portfolio in the last ten years. It also means they can target carbon neutrality without offsets in the core business premises by 2030.

- Investing in greener buildings and offices delivers significant financial, environmental and wellbeing

returns, concludes BNP Paribas Real Estate UK CEO Andy Martin

Power One runs on Women's Power

Swedish Power One develops renewable energy solutions in Africa and has initiated a collaboration to electrify previously un-electrified areas with the help of women.


Power One has developed an energy solution together with L3, consisting of a smaller solar power plant that stores the energy in a number of batteries, which are then distributed by women to the connected homes. With this method, Power One can also offer electrification of areas where an electricity grid becomes too expensive due to distance.

- By distributing the energy with portable batteries instead of a costly grid, we save on grid costs and can instead provide cheap energy and jobs for the population of women in these areas. In this way, we can offer electrification to populations whose ability to pay would otherwise not cover the costs of an electricity grid. A pure win-win arrangement, says Peter Rinaldo, CEO of Power One.

Today's portable batteries are based on lithium, but organic alternatives have already been developed. As these are cheaper and easier to recycle, Power One will switch to organic batteries as soon as they are released on the market. However, the revolution with Power One's solution lies in the method of using women power as distribution instead of expensive electricity grids. It is a great opportunity for these areas to get started with electrification at a lower initial cost.

- Women's power as a distribution method is an organisational model based on a very practical reality analysis, namely that women generally focus more on long-term survival than men do", says Séraphine Barigenera, COO Power One Burundi.


Long-term thinking is crucial not only for the climate, but also for the survival on this planet. So, this must also be a base criteria for the economy. Power One has therefore designed an organisation that utilises the wisdoms of African women.

- By utilizing the power of African women, we create a business model that is both transparent, predictable and reliable - and which provides a safe investment for our investors, concludes Séraphine Barigenera, COO Power One Burundi.

Science based companies dedicated 18 billion on climate spending

The impact of the Science-Based Target initiative launched in 2015 reveals wide-ranging action from large companies to become climate neutral.


Today corporates striving to become sustainable have tough criteria to gain approval from the Science-Based Targets Initiative (SBTI). Those companies which have succeeded to improve their climate imprint  according ti the Science-Based Targets criteria, will now drive $18bn of investment in climate change mitigation measures, boosting renewable electricity generation by up to 90TWh a year in the process, according to a new analysis of corporate climate action from the Science-Based Target initiative (SBTi).

The SBTi was launched in 2015, providing an independent mechanism to validate whether companies emissions reduction targets were in line with the Paris Agreement goal to keep global temperature rises to 'well below' 2C. Targets are assessed by an independent panel of experts to ensure they are ambitious enough. 

The SBTi tightened its rules in line with the landmark report by the Intergovernmental Panel on Climate Change on the risks of exceeding 1.5C of warming so that all companies with new targets validated under the scheme must now publish goals in line with a 1.5C trajectory. 

According to the report out today, 285 companies now have their targets approved by the SBTi, including 76 with goals deemed to be compatible with less than 1.5C of warming. Together they account for emissions totalling 752 million metric tonnes of CO2 equivalent - greater than the carbon output of France and Spain combined.

If all the approved companies meet their targets, 265 million metric tonnes of emissions would be eliminated, equivalent to closing 68 coal-fired power plants, the report calculated.

More than 90 per cent of the companies have also set emissions reduction targets for their supply chains, SBTi added. 

The combination of emissions goals for suppliers and multi-billion dollar investment programmes in support of the approved targets suggests the initiative is delivering on its aim of catalysing the development of low carbon technologies and business models.

The report also found that more than 20 per cent of large companies in fashion, biotechnology, food and beverage, healthcare, hospitality, information technology, pharmaceuticals and telecommunications have set Science-Based Targets, indicating that they are becoming standard business practice in some sectors of the economy.

Power One AB takes the fight against global warming

Power One does not consider that it is right to buy itself free of CO2 emissions and the company is now launching Ceeotoo Token.


Ceeotoo is an upcoming cryptocurrency where the value of each token corresponds to 1 ton reduction of carbon dioxide. Following the implementation of the ICO calculated on February 3, 2020, Ceeotoo will distribute the equivalent of $ 100 per ton of carbon dioxide saved. This means that a company institutions and private individuals should be able to apply for a distribution of Ceeotoo Tokens when showing saved CO2. In the long term this model can make a significant difference to our hard-pressed climate.

Ceeotoo also intends to acquire unexploited crude oil and keep it unexploited in the ground and also in this way prevent emissions. In addition, 5% of all income from the coming ICO will be used to plant trees and thus store CO2.

Power One has full confidence that interest in this model will be considerable.

Europe's new Green Deal hit the target

The European Union is about to implement the most ambitious push against climate change in the world, with a radical overhaul of its economy.


At a summit in Brussels next week, EU leaders will commit to cut greenhouse-gas emissions to zero by 2050, according to a draft of their joint statement for the Dec. 12-13 meeting. To enable this the European Union will encourage more green investment and adjust all of its policies accordingly.

“If our common goal is to be a climate-neutral continent in 2050, we have to act now,” Ursula von der Leyen, president of the European Commission, told a United Nations climate conference on Monday. “It’s a generational transition we have to go through.”

The commission, the EU’s regulatory arm, will have the job of drafting the rules that would transform the European economy once national leaders have signed off on the climate goals for 2050.

The main topics in the planned commitment:

  • Easing restrictions on state aid for companies
  • Changing public procurement rules
  • Considering more ambitious targets for 2030 emissions cuts
  • Penalizing imports from countries with looser emissions controls
  • European Investment Bank to mobilize 1 trillion euros ($1.1 trillion) in climate financing over the next decade

The plan is set to be approved at the United Nations summit in Madrid, and would put the EU ahead of other major emitters. Countries including China, India and Japan have yet to translate voluntary pledges under the 2015 Paris climate accord into binding national measures and current U.S. President Donald Trump has said he’ll pull the U.S. out of the Paris agreement.

Measuring Success by Human Well-Being Instead of Growth

When countries want to measure the success of their economies, they should assess human well-being instead of gross domestic product (GDP), New Zealand's finance minister, Grant Robertson, said at a World Bank’s Meeting in Washington, DC.


Robertson said that the only way to ensure a country's long-term economic growth is through investments in essential services and basic necessities like education, health care, skills training, and overall levels of happiness. And these investments are only becoming more vital as the world undergoes rapid technological change, he stressed.

“We don’t know what jobs will be there in 20 years time,” he said. “But the knowledge and learning happening now will drive success then.”

Robertson said that New Zealand's general public was the driving force behind this change in perspective.

Although the country has had strong levels of GDP growth for years, everyday people regularly point to its high levels of homelessness, childhood poverty, and polluted rivers as signs that New Zealand is failing to live up to its potential.

This public sentiment led to a shift in the government's perspective and government agencies are now expected to take human welfare into consideration when developing budgets.

“We have an economic and social case for investing in human capital,” he said, during a panel called "The Economic and Social Case for Human Capital Investments," which focused on the World Bank’s new Human Capital Project.

“If you want to build a sustainable economy, you have to take into account all of the dimensions of that," he added. “If we’re not investing in education, intergenerational skills, well-being — it will undermine your economy.”

As part of its new project, the World Bank created the Human Capital Index to measure whether or not children are reaching their full potential in countries around the world. The index takes into account a range of factors including how likely a child is to make it to age 5, how many years of schooling they complete, the efficacy of their learning environments, and rates of childhood stunting.

Global business dismiss the "shareholder first" mantra

Global collective problems need global collective solutions. This is what is now driving large firms to move beyond the "shareholder first" mantra.

By last month, 183 corporate CEOs signed on to a statement affirming their commitment to move beyond the “shareholder first” mantra to account for the interests of all stakeholders, including employees, customers, suppliers, and communities. The statement by the US Business Roundtable recognize the fierce headwinds businesses are facing – and their proven capacity for adaptation.

Since the advent of the modern firm, businesses have had to contend with a fundamental paradox: society needs large organizations to solve complex collective problems, but also fears centralized authority and decision-making.

Yet public opinion surveys rank large companies among the least trusted institutions (above only television news and the US Congress), with small businesses among the most trusted.

If the beginning of the twentieth century was shaped by the modern multiunit enterprise, the century’s latter half was all about the multinational. The shift began after World War I and picked up steam after the end of the Cold War, when the integration of markets and the vast expansion of corporate bureaucracies enabled companies to take advantage of global economies of scale.

The so-called Davos Manifesto was born in 1973 at the World Economic Forum’s annual meeting in Davos, when WEF founder Klaus Schwab asserted that “the purpose of professional management” is to serve all stakeholders, and to harmonize their different interests.

At the same meeting corporate focus was also urged to shift to a more responsible “corporate citizenship” – the idea that a corporation, like any citizen, had to align its self-interest with the shared interests of society. But, though participants at that year’s WEF meeting unanimously endorsed the manifesto, corporate citizenship has remained a radical idea – one that is only now, nearly a half-century later, becoming mainstream.

Today the catalyst of corporate change is Global Warming and the Fourth Industrial Revolution, characterized by business expansion into the domain of data and algorithms. In a sense, smaller firms may lead this new phase of business activity. As Jack Ma, the founder of the Chinese tech giant Alibaba, told Davos attendees this year, “In the last 20 years, globalization was controlled by 60,000 companies worldwide. Imagine if we could expand that to 60 million businesses.”

But this would not be a return to the past, with individual small and medium-size enterprises driving the economy. In fact, Ma was touting a platform he has built to allow SMEs to build globalized businesses.

Therein lies the fundamental difference between modern markets and those Adam Smith envisioned back in 1776: to compete today, SMEs need to be able to store, process, and analyze massive amounts of data – capabilities that are provided by giants like Alibaba, Amazon, Facebook, and Google.

Similarly, while the rise of the “gig economy” means that more people are operating as one-person firms, these workers rely on multinational platforms to get “gigs.” It is this tension between unprecedented bigness – Apple and Amazon recently became the first privately owned trillion-dollar companies – and pre-industrial smallness that lies at the heart of the trust paradox today.

As a result, large corporations are more than stakeholders; they often govern the platforms upon which all stakeholders intersect. To avoid another public backlash, they must make these platforms serve us not only as consumers, but also as entrepreneurs, workers, and citizens.

At a time of unprecedented global challenges – including climate change and high levels of inequality – this must include using the unprecedented power of platform leadership to catalyze global-scale solutions.

This is propelling the latest transition in corporate stakeholdership, focused not just on scaling more wisely, but also on becoming wiser about what to scale. Business leaders know what happens when the tide of public opinion turns against them, and therefore they now shift focus of their leadership from “shareholders first” to a more responsible “corporate citizenship”.

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