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The Political Philosophy, That Says That the Most Vital Part of the Public Affairs Management System, the System of Economics, That Shapes the Market and Directs the Course of Existence of the Entire Range of Business, Trade, Commerce and Financial Endeavours of a Nation and Ultimately Shapes the Human Condition of a Nation Should Not Be in the Ownership of the Entire Nation and Its People as Their State and Government Belong to Them and the Political Economics, That Says That the Survival of the Fittest or Richest Is the Ultimate Aim of Society, in Which the Vast Majority of the Population Must Exist and Perish Away in Serving a Live-in-Life Sentence of Suffering, Agony and Hardship and Must Accept All the High-Cruelties, High-Barbarities and High-Tortures, That Capitalism Creates, Distributes and Enforces are Nothing But a Brutal, Cruel, Ruthless and Inhuman Dictate of a Monstrous Social Jingoistic Jungle, Where Neither Civic Nor Community Can Exist Nor Can There Humanity Exist as Humanity Naturale as Individuals, as Families, as Communities, as Agencies and Organisations and as a Civic Society: And When Such a Monstrous Social Jingoistic Jungle is Established in a Country It Becomes Worse Than a Jungle and It Becomes Every Citizen's Civic and Moral Duty and an Existential Necessity of Humanity to Do All in Their Democratic Power to Eliminate Such Jingoistic Jungle and Replace It with a Civic Society Where Community, People, Families, Individuals and All Humanity are as Real, as Connected and as Active, as Engaged and as Creative as the Human Physiology Is in All Humans of a Given Society: Sunday: July 28: 2019


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Innovation Competition Highlights £32 Billion Market Opportunity for Global Floating Off-shore Wind Market




|| Wednesday: September 18: 2019 || ά. The Floating Wind Joint Industry Project:JIP, managed by the Carbon Trust, has launched the Floating Wind Technology Acceleration Competition to accelerate the development and commercialisation of floating wind. The Carbon Trust, together with 14 leading off-shore wind developers represented by the Floating Wind JIP, will select the best ideas with a particular emphasis on mooring systems and operations and maintenance.

With a fund of £01 million from the Scottish Government, the competition will award innovations, that will drive the floating wind market forward to help meet decarbonisation targets and open up a £32 billion market opportunity. Analysis by the Carbon Trust has shown that, while floating off-shore wind is a nascent sector, it is forecast to deliver up to 12GW of renewable energy capacity by 2030.

Realising this scale of deployment cost effectively will require innovative solutions to de-risk the technology and reduce costs. Joint industry partnerships have delivered targeted and effective research and development projects, that have contributed to the rapid cost reductions, seen across the off-shore wind industry over the last decade. However, a number of challenges for the floating off-shore wind sector need to be overcome to allow large scale deployment of this technology.   

The objective of the Floating Wind Technology Acceleration Competition is to attract ideas both from within the off-shore wind industry and across a wide variety of other sectors, including, marine, automotive, oil and gas, aerospace, robotics and manufacturing. It is, specifically, seeking technologies to address four key challenge areas:

::: Technologies, that will enable effective and safe major component exchange off-shore, for example, by compensating for the relative motion between the vessel and turbine during OandM.

::: Developing cost effective and safe disconnection and re-connection operations when turbine foundations are towed to port. This includes novel ‘out of service’ arrangements, which ensure mooring lines and electrical array cables safely remain secured in-situ while the turbine is in port.

::: New methods for cost effective, safe and reliable monitoring and inspection of large numbers of mooring lines, power cables and foundation structures.

::: New methods, materials or technologies, that reduce the cost of mooring systems through easier and safe installation and:or reduced maintenance requirements.

Innovators will, also, be able to make applications in a miscellaneous category to enable additional novel ideas to be considered. 

The challenge areas were identified through previous work undertaken by the Floating Wind JIP. The Summary Report from Phase One of the Floating Wind JIP summarises the technology challenges in the floating wind sector across electrical systems, mooring systems, infrastructure and logistics.

This Report highlighted the need for dedicated solutions for off-shore wind mooring systems, in particular, the use of synthetic mooring line materials compared to conventional steel chain or wire moorings and efficient means of installation and maintenance. The Report, further, identified the need to develop efficient manufacturing processes and develop cost effective means of maintaining floating offshore wind structures.

Scotland’s Energy Minister Mr Paul Wheelhouse, said, “I am delighted to announce the £01 million Floating Wind Technology Acceleration Competition that Scottish Government are partnering with the Carbon Trust to deliver.  Given that 80% of offshore resource across the world is in deeper water, floating offshore wind will undoubtedly play a key role in renewable generation in the future.

Finding solutions to the key challenges identified as part of the competition will facilitate faster deployment of commercial level floating offshore wind farms, allowing this technology to reach its potential.”

Mr Jan Matthiesen, the Director of Off-shore Wind at the Carbon Trust, said, “Off-shore wind in Europe has delivered cost reduction at a scale, that no one anticipated, cementing its role as a truly competitive energy generation technology. It is now cheaper than building new conventional power plants. Floating wind is a proven technology and promises to be the next renewable power success story, but to meet the scale of ambition we need to accelerate cost reduction.

By 2030, the Carbon Trust estimates that a further 12GW of floating wind capacity could be built globally, requiring around £32.4 billion of capital investment. This rapid growth provides opportunities to participate in this exciting new sector and we welcome ideas from across industry to support this important sector.”


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Dinosaur Economics Has No Place in a Future of Green Clean Circular and Sustainable World: University of California Divests: $13.4 Billion Endowment to Be Fossil-Free by the End of the Month


|| Wednesday: September 18: 2019 || ά. The Institute for Energy Economics and Financial Analysis:IEEFA has done a short good news piece, based on The Los Angeles Times, on something wonderful happening in California. According to it, the University of California has decided to accept the reality that its funds could make the same but better money moving them into other investment assets away from fossil fuel. That’s a great deal of money: $13.4 billion from one University.

The world hopes that other educational institutions across the US and the rest of the world follow this inspirational reality: no one needs to keep their funds locked into something, that does so much harm to the earth and the ecology and web of life.

It is well beyond time that all this gigantic amount of money, invested in this dangerous harm, the entire range of fossil fuels and coals, across the world is divested and moved away and reinvested into clean, green, circular and sustainable economic and financial assets.

The world and world humanity have no other choice to turn away from these dangerous and devastating ways of doing business, trade and commerce. It is time to act and to do so wisely, prudently and pragmatically with a moral force, choice and vigour, for we can not keep on chopping at ourselves and expect and wish that, somehow, we will be saved from harm: harms shall happen to us because it is our very own selves, to which we are doing the self-harming chopping. We have no time to waste: time to get on the path of clean, green, circular and sustainable economics. Today.:::ω.

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Mongolia: Growth Has Been Robust the Fiscal Balance Has Improved and Gross Reserves Have Increased: But Remains Vulnerable to External Shocks




|| Wednesday: September 18: 2019 || ά. The Executive Board of the International Monetary Fund:IMF has concluded the Article IV consultation with Mongolia, in which the Agency said that Mongolia’s economy has recovered vigorously from the recent downturn. Economy growth accelerated to 08.6 percent in the first quarter of 2019, over fiscal balance turned into surplus in 2018 and gross international reserves have increased by $02.5 billion since 2016.

The recovery stems from a stronger policy framework, significant official financing and a rebound in external demand. Notwithstanding the progress, Mongolia remains vulnerable to external shocks, given its high debt levels and the economy’s dependence on mineral exports. Structural reforms progressed in several key areas: the budget process is more resilient to political pressure and quasi-fiscal activities were curtailed.

To achieve sustainable and inclusive growth, it is necessary to advance the current reform efforts by strengthening the rule-based fiscal policy framework, ensuring financial sector soundness and improving governance.

Economic outlook remains strong, despite some headwinds. Growth is expected to remain above 06.5 percent in 2019 and moderate to around five to six percent over the medium term. The primary headwinds are weaker export growth and slower credit growth. Partially off-setting these headwinds, fiscal policy is expected to loosen in 2019 and 2020 relative to the six percent primary surplus seen in 2018.

The moderation in growth will contribute to a reduction in the double-digit current account deficit and allow inflation to converge toward the target of eight percent. Projected strong FDI and improving current accounts will support further reserve accumulation but, the trend will likely be reversed from 2021 onward due to looser domestic policies, the end of large-scale concessional financing from donors, and continued reluctance to allow exchange rate flexibility.

Risks are tilted towards the downside in the near-term. Shocks to mineral demand can lead to sharp fall in exports, weakening growth outlook and fiscal accounts. A slowdown in growth could trigger financial instability given still inadequate capital buffers at some banks and over-indebted households. Current fiscal and external buffers are still inadequate in the event downside risks materialize. On the upside, successful completion of the OT investment and key infrastructure projects could boost investor confidence, improve productivity, and attract FDI on new mining projects.

In its assessment the Executive Board welcomed Mongolia’s economic recovery underpinned by the Fund-supported program. Growth has been robust, the fiscal balance has improved, and gross reserves have increased. However, Directors noted that the economy remains vulnerable to external shocks with still high debt and exposures to shifts in commodity demand. They emphasised the need for continued strong commitment to sound macroeconomic policies to increase buffers, reduce vulnerabilities, and achieve high, inclusive, and green growth. Directors encouraged the authorities to take measures to complete financial sector reforms to enable the completion of the sixth review of the EFF-supported programme.


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UK Local Authority Response to the Climate Emergency: A Framework for Action in London: November 20



|| Wednesday: September 18: 2019 || ά. More than half of the UK’s local authorities have now declared that we are facing a climate emergency, making this one of the fastest growing environmental movements in recent history. Practical measures to move beyond climate emergency declaration to a climate emergency response. Carbon Trust is hosting this Event at Dorset House in London on Wednesday, November 20, 09:30-13:30.

This Event is, primarily, intended for local authorities but, also, open to the wider UK public sector audience. It is free for the public sector. With the UK’s new legally binding net zero target, local authorities now have a real opportunity to take the lead on carbon emissions reduction.

They can only do this by treating it as an urgent strategic priority, translating the declaration of climate emergency into a tangible and practical emergency response.

The aim of this interactive workshop is to discuss how local authorities can move from climate emergency declaration to action.  The Event will outline the Carbon Trust’s framework for action on climate change mitigation and adaptation at the local level.

The session will deep dive into some of the key aspects of developing a Climate Action Plan, both for the local authority estate and the wider geographic area, that they represent. The session will, also, provide attendees with the opportunity to network, share experiences and best practice.


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City of Helsinki Launches Local Sustainability Programme in Response to Citizen Concern About Climate Change




|| Sunday: September 15: 2019 || ά. Cities house more than half of the world’s population and are responsible for over 70 per cent of the world’s energy-related carbon emissions. The City of Helsinki recognises that cities are at the forefront of combating climate change and implementing innovative policies. The City is aware of the need of systemic change in habits and the programme is the latest initiative to support its 2035 carbon neutral target.

In developing Think Sustainably, The City has recognised the unique role, that cities play in creating solutions to enable change in everyday lifestyles to address the global climate crisis. The Think Sustainably service empowers residents and visitors to make informed daily choices, rating the Finnish capital’s restaurants, attractions, shops and accommodation against bespoke sustainability criteria. According to a Survey, carried out by the City of Helsinki in 2018, two thirds of residents identified the climate crisis as their major concern when thinking about the future of the city.  

In response, Helsinki has launched Think Sustainably, the world’s first online service, that enables making sustainable choices as easy. Think Sustainably provides residents, visitors and business owners with practical tools to rethink their daily behaviour and make more sustainable lifestyle and business decisions.

Services filtered through the online programme include restaurants, shops, events, experiences and accommodation, each benchmarked against tailor-made criteria developed by the City of Helsinki in collaboration with the independent think tank Demos Helsinki, local interest groups and sustainability experts.

The service, also, includes a route planner feature, that enables choosing emission-free transportation options to the wide variety of experiences on offer in the city. The route planner provides CO2 emissions in grams per person per trip. Currently gathering feedback from users, the Think Sustainably service is publicly available with plans to roll the programme out further and review its impact in 2020.

Ms Kaisa-Reeta Koskinen, the Director of the City of Helsinki’s Carbon Neutral Helsinki Initiative, said, “The shift towards carbon neutrality requires both major structural changes and everyday actions. Individual choices matter: According to recent studies, in order to   stop further climate warming, every Finn should reduce their carbon footprint from 10.3 tonnes to 02.5 tonnes by the year 2030.

If, one person in each of the 02.6 million households existing in Finland would reduce their carbon footprint by 20 per cent, we would reach 38 per cent of the goals set for Finland in the Paris climate agreement for reducing emissions.”

The process of developing the Think Sustainably service included researching the most significant factors of ecological sustainability related to different service categories. These dealt mostly with greenhouse emissions caused by energy production, the impacts of mobility and food, waste management, factors related to circular economy, protecting biodiversity, accessibility, and employment and preventing discrimination.

The criteria encourage all the service providers to improve their action towards a sustainable way of operating and has already resulted in several service providers making changes, such as, switching energy and heating contracts to more environmentally friendly options.

The aim of the criteria was, also, to be accessible to many different types of service providers because the City of Helsinki believes that everyone should have the opportunity to be part of a bigger wave of change.

Ms Tia Hallanoro, the Director of Brand Communications and Digital Development at Helsinki Marketing, said, “Locals in Helsinki are very concerned about climate crisis, over two thirds of us think it’s the most worrying thing affecting our future. Many feel frustrated that there’s nothing they can do to stop it. There’s a great demand for the frustration to be channelled into something productive that allows us to rethink our lifestyle and consumer patterns. As a service, Think Sustainably gives you concrete tools for that. We certainly need everybody on board.”

In June 2019, Helsinki was crowned as the most innovative region in the EU by the European Commission and is a European Capital of Smart Tourism 2019. The City is the first European city and, the second globally, after New York, to report voluntarily to the UN on its implementation of the Sustainable Development Goals and leads the way in experimenting with sustainable policies and initiatives.

In addition to offering emission-free public transport options throughout the centre of the city, Helsinki is home to Flow Festival, one of the world’s leading carbon neutral music festivals; the Nordic region’s first zero waste restaurant Nolla and non-profit foundation Compensate which was established to fight climate change by using compensation payments to donate towards international carbon sink projects.

Ms Laura Aalto, CEO at Helsinki Marketing, said, “Helsinki is the perfect test-bed for solutions that can later be scaled-up for the world’s megacities. Operating like a city-scale laboratory, Helsinki is eager to experiment with policies and initiatives that would not be possible elsewhere. The City is able to effect change in this way because of its compact size, well-functioning infrastructure and well-developed knowledge-economy cluster. Helsinki is not finished developing its sustainable policies but is ready to make systematic efforts, both big and small, which work towards achieving a more sustainable world, we hope that others can also learn from our experiments.”

The version of Think Sustainably launched in June 2019 is a pilot service and for now includes 81 participating service providers. The programme will be further developed to include a larger range of sustainable choices from restaurants to mobility.

Helsinki Marketing is a company owned by the City of Helsinki. It is responsible for operative city marketing and business partnerships for Helsinki. Helsinki Marketing interacts with local residents, visitors, decision-makers and experts.


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U.S Is Expected to Install a Record 14.6GW of Wind Capacity in 2020



|| Friday: September 13: 2019 || ά. The U.S wind market will add a record 14.6GW of capacity in 2020 but major bottlenecks in both logistics and interconnection mean another 08.1GW will either not qualify for the federal production tax credit:PTC at full value or be cancelled, according to the latest research by Wood Mackenzie Power and Renewables.

Developers are rushing to complete projects by the end of next year to qualify for 100% PTC or, $24:MWh for electricity sent to the grid over their first decade of operation. The bottlenecks, however, are delaying the amount and timing of wind capacity, that will come online.

Wood Mackenzie’s forecast assumes 06.6GW of projects scheduled for 2020 will not reach completion by the end of this year but will connect to the grid in 2021. In the Report, it estimates that, roughly, 01.5GW of additional capacity will be cancelled outright, typically, ahead of project construction beginning, with any attached off-takers likely choosing solar PV resources for subsequent PPAs to replace the lost generation.

“Although, the PTC phase-out schedule has been in place since 2015, eventual off-takers were slow to act on procuring new capacity, yielding relatively subdued installation totals in 2017 and 2018.” said Mr Anthony Logan, Senior Analyst and Lead Author of the Report. He added that deals with virtually every off-taker category have increased dramatically in the last six to 12 months.

Wood Mackenzie forecasts the U.S will add 12.3GW of wind power in 2021, before bottoming out at 05.9GW in 2024. The 2021 forecast would be the third highest for any year in the U.S, surpassed only by the 2020 forecast and 13.1GW in 2012.

Solar PV, which benefits from the 30% solar Investment Tax Credit:ITC, is beginning to compete with on-shore wind on cost. While, also, phasing down starting in 2020, the ITC will settle at a permanent 10% in 2023 for utility-scale projects after the wind PTC disappears, meaning PV will, often, win out versus wind, according to Mr Logan.


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Petersham Nurseries Richmond Striving for Green So Must Every Business Commerce and Trade Organisation



|| Friday: September 13: 2019 || ά. Established 15 years ago this May, Petersham Nurseries Richmond has pioneered sustainability, since its inception, consistently striving to build on its reputation for behaving in a natural and responsible way. All business, trade and commerce agencies and organisations, including, all others ought to do the same for Global Warming and Climate Change has been wreaking havoc across the earth. Unless humanity is committed to change the way we do business and exist we stand to bring ourselves, as well as, the entire web and ecology of life on earth to extinction.

Take an example of this Nursery: what would anyone say to the people running it, if, they invest all human, creative, financial and natural resources to produce plants, only to keep them for a few months for display purposes and, then, destroy them! This would be properly called madness. Except, we are doing this kind of activities everyday. The good mobile phone is no good in few months because these phone companies are bringing new models, which they are imposing on the market! Why do people need to buy mobile phones few times a year! But this goes to show the entire ‘mindset’ of the consuming and greed culture, that capitalism has built itself around. However, we can not escape the consequences of Climate Change. Either we change and adapt or we get ourselves extinct. The choice before humanity is this terrible: it is either we must change and become clean, green, circular and sustainable or we perish from this earth, taking every beautiful thing down with our demise.  

Facing the news that every year in the UK alone, more than 10 million tonnes of food is wasted throughout the supply chain, Petersham Nurseries Twickenham has made various changes throughout 2019 to reduce their food waste and ensure that over 80% of it is recycled or disposed of by sustainable means.

Food waste: ORCA is an anaerobic food waste digestive system, that was installed in July 2019, primarily, for the disposal of restaurant plate waste. Using the same principles as the human body, the machine creates the perfect thermophilic biological environment for micro-organisms to digest food waste, turning them into a liquid, which is safe to put down the drain and, in turn, this reduces the number of vehicles having to collect rubbish from site.

Composting: For a number of years compostable waste from the kitchens has been taken routinely into the Petersham House Garden, where it is composted by its Head Gardener.  As of this year, in addition to using this compost on site in the plant nursery and owners’ garden, surplus bags are, also, being offered free of charge to the local community.

Repurposing beeswax: The Nursery Team has created a homemade furniture polish, using unfilterable beeswax from Petersham’s onsite hives, citrus skins and wasted olive oil from diners’ tables. Petersham’s Resident Beekeeper has, also, developed a beeswax film, that can be used in the kitchen, instead of clingfilm.

Donating: Surplus food is, also, taken to The Vineyard Centre, a Richmond-based community centre, that helps vulnerable individuals overcome crisis and reconnect with society.

Wine Corks: At the start of the 2019 Petersham Nurseries enrolled with Recorked, the UK’s leading natural wine cork recycling programme. All corks are donated to Recorked, which, then, resell or supply free corks to charities and schools for use in craft projects. For every cork collected, a % of their profit is donated to nominated charities.

Uniforms by Eko-Chef: Petersham’s chefs all wear jackets made from recycled bottles and waste polyester fibre. This goes to show that all it takes for us to seek to be clean, green, circular and sustainable is to change the mindset and mind frame so that we look at the way we think, the way we question and analyse, the way we do and the way we exist so that we could recraft the paradigm by which we do and exist.


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Finnvera and the European Investment Fund Signed an Agreement on EUR190 Million Financing for Finnish SMEs



|| Wednesday: September 11: 2019 || ά. Finnvera and the European Investment Fund:EIF have signed a guarantee agreement, that will provide growth-driven Finnish companies access to new loans up to EUR190 million over the next two years.

Following the signing of this agreement, Finnvera will introduce a new guarantee product for SMEs. The guarantee is intended to facilitate SMEs’ access to loans for various purposes, such as, investments, working capital and product development.

The EIF will provide a counter-guarantee to cover 50 per cent of the guarantees given by Finnvera to SMEs. It is estimated that, at least, 2,000 Finnish enterprises will benefit from the financing, made available by the agreement.

This financing is made possible due to the Guarantee, that has been provided by COSME and the European Fund for Strategic Investment:EFSI, set up under the Investment Plan for Europe or the Juncker Plan. COSME or, the programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises, is designed to improve access to finance for SMEs.

The SME Guarantee Facility is an 80 per cent guarantee for SME bank loans of no more than EUR150,000, with no collateral required. This facility is intended to cater to the needs of growth-driven, profitable SMEs, that have been in operation for more than three years.   The 80-per cent guarantee, given by Finnvera, is significant for companies in the service industry, trade or IT sector, that are unable to offer adequate valuable security for banks. In addition, Finnvera does not require a self-financing share from the companies applying for the SME Guarantee.

“As stated in the Government Programme, our objective is to support the provision of a more diverse range of financing alternatives to start-ups and SMEs. The agreement between Finnvera and the European Investment Fund is, particularly, important for regional growth-driven enterprises, that lack adequate valuable security.” says Ms Katri Kulmuni, Finland’s Minister of Economic Affairs. 

“The EFSI financing for Finland, approved by the European Investment Bank Group, amounts to more than EUR2 billion.  Relative to our population, this is the largest sum of all EU countries. Relative to our gross domestic product, we are in eighth place, which can be considered a good achievement.” she says.

“Growth often requires financing, and one of our key objectives is to enable the growth of Finnish SMEs. The agreement with the European Investment Fund provides growth-seeking SMEs better opportunities of getting a bank loan. Applying for our new SME guarantee is very easy: the lending bank applies for the guarantee from Finnvera, on behalf of the company.” says Mr Juuso Heinilä, the Executive Vice President at Finnvera.

About Finnvera: Finnvera provides financing for the start, growth and internationalisation of enterprises and guarantees against risks arising from exports.   Finnvera strengthens the operating potential and competitiveness of Finnish enterprises by offering loans, domestic guarantees and export credit guarantees. The risks involved in financing are shared between Finnvera and other providers of financing. finnvera.fi/eng

About the European Investment Bank:EIF: The European Investment Fund:EIF is part of the EIB Group. One of its key tasks is to support micro, small and medium-sized enterprises across Europe by providing them access to finance. The EIF develops and offers risk and growth capital, guarantees and micro-financing instruments targeted at this specific market segment. By doing so, the EIF fosters EU objectives, notably in the field of entrepreneurship, growth, innovation, research and development and employment..eif.org:::ω.

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IFS Analysis: Chancellor Ends Austerity for Public Services But Risks Breaching the Current Fiscal Rules



|| Wednesday: September 04: 2019|| ά. The Chancellor Mr Sajid Javid has announced an increase in spending on public services for next year. Day to day spending on public services will grow by 04.1% or, around £13.8 billion, between 2019-20 and 2020-21 in real terms. This represents of a top-up of £11.7 billion to the provisional spending plans Mr Javid inherited from his predecessor, alongside a £01.7 billion top up to existing capital spending plans for 2020-21, meaning that total spending will be £13.4 billion higher next year than was planned in the spring.

This is enough to reverse around two thirds of the real cuts to day to day spending on public services, at least on average, since 2010 and around one third of the cuts to per capita spending. This, however, masks substantial variation within the total. If, we exclude health, the additional spending will only be enough to reverse around a quarter of the cuts since 2010 or around 15% of the per capita cuts to non-health areas.

Mr Javid confirmed additional funding for his priority areas in 2020-21. This includes a £01.8 billion real increase in funding for English schools, £400 million for further education and sixth form colleges in England, £750 million towards the eventual goal to recruit an additional 20,000 new police officers in England and Wales and an extra £01 billion for local government budgets, ring-fenced for social care.

While marking an end to austerity for many departments, today’s announcements will not be enough to return all departments’ budgets to their pre-austerity levels. In 2020-21, the day to day Department of Health and Social Care budget will be £25.3 billion higher than in 2010-11, in today’s prices. But budgets for the Home Office, Justice and Environment, Food and Rural Affairs will be £04.6 billion lower or, 17% lower on average, than a decade earlier.

Making major spending decisions without the latest economic and fiscal forecasts is a risky move for the Chancellor. On the basis of forecasts from the spring, extra borrowing to fund today’s announcements could, just, be accommodated within the government’s fiscal targets. But the next set of forecasts from the OBR, due later this year, are likely to reflect a deterioration in the near-term outlook for the UK economy and public finances. 

It looks as though it will be touch and go whether the Chancellor will meet his fiscal targets in the Budget later this year, even, with a smooth departure from the European Union. As the Office for Budget Responsibility has pointed out, even, a relatively benign no-deal Brexit would further weaken the economy and push up borrowing by around £30 billion a year. Should this occur then 2020-21, may, represent a pause, rather than an end, to austerity for spending on public services.

Day to day public service spending was cut by around 09% between 2010-11 and 2018-19, equivalent to roughly £30 billion in today’s prices. An increase in spending in 2019-20, along with today’s announcements, means that in 2020-21 day to day spending will be just 03% below its level a decade earlier. Around two-thirds of the real cuts since 2010 will have been reversed and around one third of the cuts to per-person spending.

Much of this increase is driven by additional funding for the NHS, however. Once we strip out the Department of Health and Social Care, spending next year is set to be around 16% below its 2010-11 level. Only around a quarter of the cuts to non-health areas of spending will have been reversed and only around 15% of the per capita cuts to those areas.

Mr Ben Zaranko, Research Economist at IFS, said, “The Chancellor confirmed today a 04.1% real increase in day to day public service spending next year, with no department facing a real cut to its budget. But spending will still be 03% below its level a decade ago and more than 09% lower in per person terms. Non-health budgets have, also, lost out to rising NHS funding: real spending outside the Department of Health will still be 16% lower, 21% lower in per person terms, next year than in 2010-11.“

Different areas of spending have fared very differently since 2010. In 2020-21 the day to day budget for the Department of Health and Social Care will be £25.3 billion, 23% higher in real terms than a decade earlier. In contrast, spending on Justice, the Home Office and Environment, Food and Rural Affairs will be £04.6 billion, 17% lower than in 2010-11.

Ms Rowena Crawford, Associate Director at IFS, said, “Today’s Spending Round included a welcome boost in funding for some areas, that have been neglected in recent years, such as, the justice system, local government and further education. But the scale of the cuts experienced by those areas since 2010 means that this is only the first step in reversing austerity for those public services.” 

In their forecasts published alongside the Spring Statement in March, the Office for Budget Responsibility:OBR forecast government borrowing next year 2020-21) of £21.2 billion. A change in the accounting treatment of student loans will add around £11.6 billion to this total. In today’s Spending Round, The Chancellor announced an extra £13.4 billion of spending for next year on top of existing plans. All else being equal, that would suggest borrowing next year of just over £46 billion and, on the basis of March forecasts, the Chancellor would be on track to meet his fiscal targets, just.

But the next set of forecasts room the OBR are likely to reflect a deterioration in the near-term outlook for the economy and public finances. A downgrade to the growth forecast similar to that of the Bank of England could mean an increase in borrowing of around £04.5 billion next year. A no deal Brexit would lead to a much larger revision to the economic and fiscal forecasts; the OBR recently estimated that, even, in a relatively benign no deal scenario government borrowing next year would be around £30 billion higher from 2020-21 onwards.

In the absence of offsetting tax rises, it, therefore, appears to be touch and go whether the Chancellor will meet the current target to keep the structural deficit in 2020-21 below 02% of national income.

Mr Paul Johnson, IFS Director, said, “By making major spending decisions without having the most up to date forecasts for the economy and public finances, the Chancellor is taking a gamble. As it stands, there looks to be a very real risk of having to choose between tax increases or missing his current fiscal targets come the Budget later this year, even, with a smooth departure from the European Union.”:::ω.

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If You Are Arrogant Enough to Ignore Evidence and Keep on Doing Dinosaur-Economics You Are Welcome to Axe At Your Own Interest But You Must Not Chop Everyone Else’s at the Same Time: Except You Are Seeking to Harm Everyone By Chopping At Yourself: Let Black Rock’s Fossil Fuel-Addiction Stands as Evidence for the World That Fossil Fuel Is Dinosaur Economics and It Has No Place in the Future of This World and This Humanity




|| Thursday: August 01: 2019 || ά. Black Rock, the world’s largest fund manager with US$06.5 trillion of assets under management, that is bigger in value than the third largest economy in the world and, with it, probably, it has amassed as much arrogance to suit its dinosaur self-vanity, so that it continues to ignore the serious financial risks of putting money into fossil fuel-dependent companies, a new Report has found.

Produced by the Institute for Energy Economics and Financial Analysis:IEEFA, the Report places a price tag on Black Rock’s fossil fuel-heavy strategy, saying the firm’s failure to effectively address risk has lost investors over US$90 billion in value destruction and opportunity cost from just a select few holdings over the past decade. Entitled ‘Inaction Is Black Rock’s Biggest Risk During the Energy Transition: Still Lagging in Sustainable Investing Leadership’, the Report exposes the global company as failing in value creation for investors and as a laggard in sustainable finance.

Out of Black Rock’s US$90 billion in estimated losses, 75% are due to its investments in four companies alone: ExxonMobil, Chevron, Royal Dutch Shell and BP, which have all underperformed the market in the past decade. Black Rock maintains that it has little control over its US$04.3 trillion passively managed portfolio.

Yet, leading peers, such as, Amundi, Norges Bank, AP4, Storebrand and KLP have all developed low‑carbon investing strategies, that provide, at least, comparable risk-adjusted returns in a cost‑effective sustainable way, as expected of leading asset managers, providing leadership and creating suitable, risk-protected products.

Black Rock’s Board of Directors is beset with potential conflicts of interest, with six out of 18 board members having worked in companies with strong ties to the fossil fuel sector. Furthermore, while Black Rock’s governance team advocates for a separation of the Chair and Chief Executive Officer positions at its portfolio companies, Mr Larry Fink still holds both roles in the firm.

Despite public announcements, highlighting its commitment to sustainable investments, only 0.8% of Black Rock’s total portfolio is invested in environmental, social and governance:ESG oriented funds.

In 2018, Ceres calculated that Black Rock supported just 10% of climate-related shareholder proposals in the U.S, choosing to side with management in the majority of cases. IEEFA, also, notes Black Rock does not disclose the results of its engagement with companies over ESG issues.

Mr Tim Buckley, IEEFA Director of Energy Finance Studies and Co-author of the Report says that due to its enormous size, bigger than Japan, the third largest economy in the world, Black Rock should demonstrate stronger leadership. “It has the power to lead globally to address climate risk, yet, to-date, it remains a laggard.” says Mr Buckley.

Black Rock continues to sink investor funds into fossil fuel holdings in stark contrast to recent moves by the trillion-dollar Norwegian Government Pension Fund Global, which announced its divestment from oil and gas and other major funds have shown similar leadership.

“If, the world’s largest investor makes it clear the rules have changed, then, other globally significant investors like Fidelity, Vanguard and Japan’s sovereign wealth fund will rapidly replicate and reinforce these moves, reducing stranded asset risks for all.” says MrBuckley.

The Report finds that Black Rock lost its investors over US$02bn as Peabody Energy went bankrupt, then doubled down on Cloud Peak Energy as it went into bankruptcy three years later. And Black Rock lost its investors US$19bn on General Electric.

Mr Tom Sanzillo, IEEFA Co-author of the Report and former First Deputy Comptroller of New York State, says, ‘’ Black Rock is both behind the curve on coal and in reading the energy transition. How many more examples of value destruction will it take, how many more years of fossil fuel companies lagging the world markets will it take before Black Rock leads?” asks Mr Sanzillo. “A diversified portfolio is not an excuse to lose money.”

IEEFA’s analysis shows how Black Rock fails to, systematically, protect its investors from key long-term investment risks. The Bank of England talks of potentially $20 trillion of asset risk involved, with shareholders the biggest losers, according to the Report. 

IEEFA uses the Report to call on Black Rock to mobilise their world-leading investment power to address the US$68 billion lost in value destruction and opportunity cost by managing key financial climate risks, for companies and shareholders. “Black Rock’s fossil fuel investment strategy, governance, shareholder policies and views on global economic growth would succeed in the 1980’s. Black Rock is educating its clients to accept decline. Today it would do better by getting the energy transition right.” says Mr Sanzillo.

The Report recommends that Black Rock immediately propose and progressively institute low-emission index benchmarks for its passive funds as a financial best practice and core principle of asset allocation and in so doing, once again, become an innovative leader.

IEEFA suggests that Black Rock would do well to refresh its board to remove the excessive incumbent fossil fuel influence and losses that come with it. It should, also, take its own advice and appoint an independent Chair.

“Win or lose, profit or loss, a responsible fiduciary asks tough, clear questions. Black Rock does not ask or worse, it mumbles. Shareholder reforms should include active engagement to replace the current practice of predominantly voting with the incumbent, usually, conflicted management on climate issues.” Mr Sanzillo says.

Given the enormous financial, economic and environmental risks for all, IEEFA calls on Black Rock to leverage its unprecedented global financial dominance and demonstrate superior stewardship. “In our view, it is Black Rock’s fiduciary duty as a global leader to lead.” says Mr Buckley.

Read the Report: Inaction Is Black Rock’s Biggest Risk During the Energy Transition: Still Lagging in Sustainable Investing Leadership

About IEEFA: The Institute for Energy Economics and Financial Analysis:IEEFA conducts research and analyses on financial and economic issues related to energy and the environment. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy.:::ω. 

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Earth Overshoot Day: Humanity Has No Circularity Until We Learn to Exist in Sustainable Ways: We are Headed by Capitalistic Infinite Consumption and Infinite Greed Towards Extinction and at the Point of No Return Talking of Superficiality Will Not Do: It Is Time for Fundamental Monumental and Seismic Actions














|| Monday: July 29: 2019 || ά. Today, July 29 is the Earth Overshoot Day by which, it appears that we have consumed more renewable natural resources than the Earth will produce this year. We have consumed these natural resources in less than seven months, although, they should last us the whole year. Earth Overshoot Day marks the date when, according to calculations, people’s consumption exceeds the Earth’s biocapacity or, the capacity to generate renewable resources and process the carbon dioxide released into the atmosphere from the burning of fossil fuels.

At our current rate of consumption, we would need 01.75 Earth to support our demand on the eco-system. Earth Overshoot Day is determined based on the calculations of the Global Footprint Network. Finland is already well past its country overshoot day for this year, which was April 05 so that the country will consume another eight months of the year resources, that the earth can not produce so will all other countries and nations of the world and the world goes on, as, if, people are speaking of getting another bag to get the extra shopping! There is one earth and on it, humanity can not continue consuming infinitely without thinking of the consequences. There is one earth and we can not have another one!

The circular economy aims to increase the lifespan of products and to advance the use of services and solutions, that decrease the overuse of natural resources. The goods we use, must, also, be serviceable, reparable and recyclable. Here is the elephant in the room, that no one in the world among the hundreds of states and governments are doing anything about or, even, speaking about or, worse still, they are not even aware of these vital issues. Capitalism has created an infinite consumerism culture, fed by its infinite greed for profiteering, through which it dangerously, carelessly and recklessly keeps on producing products and imposes them on the market for consumptions, that are not required, thus, making them pseudo products to channel real money out of the economy and out of the pockets of the consumers.

This must be brought under international laws, as well as, local laws at every country so that these companies are forced to change this pseudonomic pathways to use and abuse financial, natural and human resources into products, that are not necessary. Take an example, a mobile telephone, with the current state of development, should be made and it is clearly possible to do so, to last decades and throughout these decades they should be repairable, serviceable and recyclable. But the telephone companies and in them are included the entire distorteddia conglomerate, who are bringing out their telephones and other products and devices, many times a year in many cases! This is a gigantic waste of all resources: natural resources, financial resources and human resources all of which are wasted away into nothing but profiteering and greed and in this process these companies are channelling real worth and values out of the economies and out the pockets of the consumers.

These companies must no longer be permitted to gamble with life and human existence like that. It can not go on this way and world’s states and governments must take up the vision and see how many parts of the world economy and the national economies of all countries are being looted by these companies while they are depleting the most vital of all resources, the natural resources, that we can not produce and its supply is finite. Added to all these now add their carbon foot print and other costs to nature, environment and air quality etc and any child could see that this can not be sustainable.

Like cars, freezes and telephones, mobiles phones, computers, laptops, washing machines, dishwasher and a whole host of commodities like this, that are necessary and in everyday use everywhere must be made in this way, the olden way, where they are made to last, serviceable and repairable, as well as, recyclable and at the same time these companies must produce and supply the parts for people to do so. People can speak of superficial things but the world and world humanity have now reached a point of no return and no longer it is acceptable that world’s states and governments are ignoring and looking away from the most fundamental of all issues. This should and must be the most urgent of priorities.

Let us make another point here: how many billions of mobile telephone sets are in use today across the globe? It is a scary number because many people are using more than one mobile phone these days so that the number of mobile phones must outnumber us humanity. These massive number of devices require electricity twenty-four-seven and they all are high intense in their energy usage? How much is that electricity! It can not but be a gigantic amount, that is the highest cost of the use of the mobile telephones today and how much does that cost the earth! Yet, these companies are making these mobile phones, that use highest amount of electricity and it takes up far too much energy to keep on charging each of these phones. Why on earth the world does not make these telephone companies to make their phones to use least possible amount of electricity? Most importantly, why on earth these companies have not been made to invest in ways so that they develop their technologies so that the mobile phones can generate electricity from solar and other natural sources? No mobile phone companies is interested in it.

Yet, this gigantic amount of electricity production cost the earth, literally, an earth. It is time the world’s states and government bring changes as to how these companies run. To force these companies change the way they bring their products to market the world’s states and governments must introduce green taxes for the high usage of electricity by their products and another solar charge, a high percentage of their profit so that they improve their phones and make them less energy intensive and force them to invest and make their phone self-sufficient, so that each phone uses solar energy to charge itself so the earth is saved from their massive harms for they are now using far too much energy, the production of which costs the earth far too much. The world’s states and governments can no longer ignore these issues.  

Over-consumption is one of the most significant causes of climate change and dwindling bio-diversity. It compromises the availability of food, clean water and raw materials. The consequences can already be seen today: the global climate is already around one degree warmer than in pre-industrial times and about one million of the world’s plant and animal species are in danger of extinction.

“We must take quick action to reduce our consumption of natural resources. The Earth can not support our over-consumption, which is a major cause of bio-diversity loss and the progression of climate change.” Says Ms Krista Mikkonen, Finland’s Minister of the Environment and Climate Change.

At the global level, we currently consume around 80 billion tonnes of raw materials per year, of which just nine per cent is reused or recycled. Our consumption is expected to double by 2060.

“Circular economy solutions present an opportunity for us to reuse the natural resources we have already used, produce less waste and reduce greenhouse gas emissions from industry. Promoting the circular economy is one of the main priorities of Finland’s Presidency of the Council of the EU, during which time we aim to produce a new EU circular economy strategy.” Ms Mikkonen says.:::ω. 

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Hunger Exists Because Capitalist Economies Create and Sustain It and Because Their States and Governments Politically Will It: Over 820 Million People Are Suffering From Hunger: New United Nations Report Shows the Desperate Realities of Nearly One Billion Human Beings in Hunger Out of Seven Billion of Humanity on Earth: Will the World Humanity Stop to Ask What Kind of a Political Economics Is Capitalism That Keeps One Billion Out of Seven in Hunger




|| Monday: July 15: 2019 || ά. After nearly a decade of progress, the number of people, who suffer from hunger has slowly increased over the past three years, with about one in every nine people globally suffering from hunger today, the United Nations said in a new Report released on Monday. This fact underscores ‘the immense challenge’ to achieving the Zero Hunger target of the Sustainable Development Goals:SDGs by 2030, according to the State of Food Security and Nutrition in the World 2019. And here is a little question for the United Nations, that went about agreeing these Sustainable Development Goals and since then all its leaders kept of using the phrase, as, if, it all will come about! There is nothing sustainable in capitalism.

Where has the United Nations been since the financial crash from what point the entire capitalist world and, almost, all the world governments went about implementing ruthless, vicious and merciless austerity, taking bread and butter out of the poor and vulnerable in their countries where, even, in the developed world, such as the United Kingdom, children are going to school hungry and they will suffer the summer holiday hunger while their parents line the food banks! What is the United Nations speaking of when it goes on and on about the Sustainable Development Goals!

There is nothing sustainable about capitalism: it has created fear and scare. It has created inequality and it keeps on increasing it. It has created hunger and it keeps of feeding that hunger so that it keeps on getting worse. It has created consumerism and consuming so that it has brought us industrial pollution, plastic pollution, air pollution, devastation of marine life and ecology and with all these it has brought the world and the earth to catastrophic point by creating climate change and global warming, if, we list nothing else! The last two threaten the very human existence and already have started to eat away at the bio-diversity of the earth’s life and living system and ecology! What is sustainable about capitalism! And, were one to ask the United Nations how on earth is it planning to get to the ‘chic’ phrase, zero hunger, by 2030! Where are the investments to do that? Where is the money for this?

Who is providing that money! Capitalism is a parasite and it destroys its hosts. There is nothing sustainable in capitalism but it does as it has always done: sustain fear and scare, inequality, poverty and with it hunger and malnutrition among many other high-cruelties, barbarities and viciousness. United Nations can not answer these questions but the world humanity must raise them: it is time to raise a simple question: what kind of a political economics is capitalism, that keep 1:7th of the whole of the human race in hunger! What kind of a monstrosity is this? And how long the desperate world humanity will keep on accepting it?

This new Report, launched on the margins of the High-level Political Forum:HLPF, the main UN platform monitoring follow-up on States’ actions on the SDGs, currently under way in New York, breaks down statistics by region, and shows that hunger has risen almost 20 per cent in Africa’s subregions, areas, which, also, have the greatest prevalence of undernourishment.

Although, the pervasiveness of hunger in Latin America and the Caribbean is still below seven per cent, it is slowly increasing. And in Asia, undernourishment affects 11 per cent of the population. Although, southern Asia saw great progress over the last five years, at almost 15 per cent, it is still the subregion with the highest prevalence of undernourishment.

“Our actions to tackle these troubling trends will have to be bolder, not only in scale but, also, in terms of multi-sectoral collaboration.” the Heads of the UN Food and Agriculture Organisation:FAO, the International Fund for Agricultural Development:IFAD, the UN Children’s Fund:UNICEF, the World Food Programme:WFP and the World Health Organisation:WHO urged in their joint foreword to the Report.

Hunger is increasing in many countries where economic growth is lagging, particularly, in middle income countries and those, that rely heavily on international primary commodity trade. The annual UN Report, also, found that income inequality is rising in many of the countries where hunger is on the rise, making it even more difficult for the poor, vulnerable or marginalised to cope with economic slowdowns and downturns.

“We must foster pro-poor and inclusive structural transformation focusing on people and placing communities at the centre to reduce economic vulnerabilities and set ourselves on track to ending hunger, food insecurity and all forms of malnutrition.” the UN leaders said. 

This year’s edition of the report takes a broader look at the impact of food insecurity, beyond hunger. It introduces, for the first time, a second indicator for monitoring Sustainable Development Goals:SDGs Target 2.1 on the Prevalence of Moderate or Severe Food Insecurity that shows that 17.2 per cent of the world’s population or 01.3 billion people, lacked regular access to nutritious and sufficient food.

“Even, if, they were not necessarily suffering from hunger, they are at greater risk of various forms of malnutrition and poor health.” according to the report. The combination of moderate and severe levels of food insecurity brings the estimate to about two billion people, where in every continent, women are slightly more food insecure than men.

Turning to children, the Report disclosed that since 2012, no progress has been made in reducing low birth weight. Additionally, while the number of under-five children affected by stunting has decreased over the past six years by 10 per cent globally, the pace of progress is too slow to meet the 2030 target of halving the number of stunted children.

Furthermore, overweight and obesity continue to increase throughout all regions, particularly, among school-age children and adults. To safeguard food security and nutrition, the 2019 Report stresses the importance to economic and social policies to counteract the effects of adverse economic cycles when they arrive, while avoiding cuts in essential services.

It maintains that the uneven pace of economic recovery is undermining efforts to end hunger and malnutrition, with hunger increasing in many countries where the economy has slowed down or contracted, mostly in middle-income nations.

Moreover, economic slowdowns or downturns disproportionally undermine food security and nutrition where inequalities are greater. “Income inequality increases the likelihood of severe food insecurity, and this effect is 20 per cent higher for low income countries compared with middleincome countries.’’ the report spells out.

The Report concludes with guidance on what short and long term policies must be undertaken to safeguard food security and nutrition during episodes of economic turmoil or in preparation for them, such as integrating food security and nutrition concerns into poverty reduction efforts using pro-poor and inclusive structural transformations.

And the world and world humanity can be sure that no state nor government will do much to take any of these on boards and they will follow their own agenda and with it they will continue to pursue that ‘political will’, that says that it is okay to let people, babies and young children and vulnerable people and the all manners of poor perish away in suffering hunger, half hunger, malnutrition and all the rest. Because they are pursuing capitalism and they will keep on going unless the world humanity raises the question: the vital question: what kind of a political economics is capitalism, that, instead of, supporting, sustaining, nurturing and nourishing human existence, does everything to destroy it by inflicting high-cruelties, such as, poverty and hunger to the vast majority of humanity?:::ω.

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If the Earth Is Brought to the State Where It Can Not Support Life But Destroys It All There Is Not Going to Be Any Business or the So-Called Business Interest Left on Earth: Therefore Economics Without Being Green Circular and Sustainable Is Nothing But Suicidal Waste of All Human Energy and All Resources: The Business Sector Must Collectively Rise to the Challenge and Lead a United Front in the Fight Against Climate Change: We Have to Come Together with a Collaborative Approach to Accelerate the Changes to Prevent Further and Irreparable Damage




|| Sunday: July 14: 2019 || ά. Prominent industry figures have used Envision Virgin Racing’s New York City Innovation Summit to call for businesses to ‘overtake’ the political roadblocks hampering climate action and ‘put their foot down’ to accelerate the response to the climate crisis. The event, hosted on Friday, July 12 at Brooklyn’s New Lab facility, is one of a number of initiatives held by the leading all-electric Formula E team, which was gearing for the race at the weekend’s New York City E-Prix in Red Hook.

Attended by an audience of more than 250, industry’s leading figures, this event brought together a range of business leaders and sustainability experts to discuss the role of the business sector in this area, in relation to the recent IPCC report, UN Intergovernmental Panel on Climate Change, which states that the world has fewer than 12 years left to avoid climate catastrophe. The panellists, also, discussed the importance of ‘corporate purpose’ more widely in addressing society’s biggest challenges.

Hosted by broadcast journalist Mr Andrew Wilson, the Innovation Summit featured two sets of panellists with the first, including, Mr Franz Jung, the Vice President of Smart Mobility at Envision Group and the Chairman of the Board of Envision Virgin Racing, the Founder and CEO of Formula E Mr Alejandro Agag, Mr ‘Tiger’ Tyagarajan, the President and CEO of Genpact, Mr Mark T Maybury, the Chief Technology Officer of Stanley Black and Decker and CEO of The B Team Halla Tómasdóttir.

Meanwhile, the second panel saw distinguished professor and climate scientist Mr Michael Mann, the Director of the NYC Mayor’s Office for Sustainability Mr Mark Chambers, the CEO of The Climate Group Ms Helen Clarkson, the CEO of Rocky Mountain Institute Ms Jules Kortenhorst and Ms Antha Williams, the Head of Environmental Programmes at Bloomberg Philanthropies.

The event began with an opening address from the race team’s Managing Director Mr Sylvain Filippi, who said, “Two years ago, when the US had just pulled out of the Paris Climate Agreement, we held one of the team’s Innovation Summits and discussed the role of the business sector in addressing climate change. Now, two years on, we are here again but find ourselves in an increasingly volatile pathway and timeframe. Clearly, there has never been a more urgent case for accelerating global efforts. Our panellists today have shown that the business sector can and should, take the lead in this area. We have the technological solutions to address the challenge, so now we have to accelerate their roll-out as quickly as possible.

Ahead of the Formula E race weekend, where speed and gaining a few tenths of a second can be the difference between winning and losing; we’re asking the corporate sector to put its foot down in accelerating these issues, as, after all, the Formula E race is not the most important race we’re in, we’re in a Race Against Climate Change and it’s one we have to win.”

The Envision Virgin Racing, in conjunction with its Race Against Climate Change:RACC initiative and the support of its partners, has earned a reputation as the leading Formula E team for sustainability, using its independent status to address the wider energy transition topic beyond just the e-mobility element. Its RACC programme aims to accelerate the energy transition and help the world achieve the goals of the Paris Climate Agreement.

The team has been involved in Formula E from the inception of the motorsport series and has since become one of the most successful ever teams with an impressive nine wins and 24 podiums to its name. It currently lies in third position in the championship standings heading into this weekend’s final two rounds of the New York City E-Prix.

Mr Franz Jung, Vice President of Smart Mobility at Envision Group and Chairman of the Board of Envision Virgin Racing, said, “Envision is committed to developing a sustainable future through its advanced technologies of AIoT, smart wind turbines, smart storage and batteries. As the majority owner of Envision Virgin Racing, Formula E is a perfect platform for Envision to demonstrate its brand identity, innovative technologies and vision of sustainability.”

Mr Alejandro Agag, the Founder and CEO of Formula E, said, ‘’The business sector, must, collectively rise to the challenge and lead a united front in the fight against climate change. We have to come together with a collaborative approach to accelerate the changes to prevent further and irreparable damage. That’s why at the ABB FIA Formula E Championship we’re playing our part with a platform to drive development and transfer technology, to see it trickle down from track to road. Formula E is a purpose-driven brand and is built on the foundations of taking action against climate change through developing clean modes of transportation.”

Mr ‘Tiger’ Tyagarajan, the President and CEO, Genpact, said, ‘’Businesses need to evolve into purpose-driven enterprises focused on not only creating a viable future for their business but, for all of humanity. They must leverage smart digital technologies to reinvent operating models that do more than just reimagine their own companies and industries. Forward-looking enterprises look at how they positively impact society as a whole. We join Envision Virgin Racing in its commitment to transform mobility and accelerate sustainability.”   

Mr Mark T. Maybury, Chief Technology Officer, Stanley Black and Decker, said, “Our world is changing at an alarming rate. We believe it is imperative for companies to play a strategic social responsibility role. At Stanley Black & Decker, we’re particularly focused on innovative products and processes that can enhance the lives of 500 million people as well as positively impacting the environment through our operations. For example, our solar powered drip irrigation system promises to transform the lives of 10,000 Indian farmers and our zero waste to landfill efforts have diverted around 20 million pounds of waste from landfill. We know, however, that we can’t do this alone and we need the support of corporations around the world to make a difference.”

Mr Michael Mann, Distinguished Professor of Atmospheric Science at Penn State University, said, “I’m excited to be part of the team for Envision Virgin’s Race Against Climate Change. We must envision a renewably-powered future and what more exciting way is there to do that than watching the race cars of the future.”

Ms Helen Clarkson, the CEO, The Climate Group, said, “The next ten years will be marked by the urgent threat of climate change and carrying on with business as usual is not enough; we need to go further and faster to accelerate action. Businesses are already showing leadership through our global initiatives on electric vehicles, renewable power and energy productivity but, we need all major companies to follow suit with ambitious commitments to action today, not tomorrow, there’s no time to lose.”:::ω.

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Visit Scotland: A Great Achievement by Fairmont St Andrews: A Gold Rating in Being Green and Sustainable




|| Sunday: July 14: 2019 || ά. Fairmont St Andrews has been Awarded a Gold rating from Green Tourism, the highest possible accreditation from the organisation, developed by Visit Scotland and Green Business UK. The aim of the Green Tourism Award is to reduce carbon footprint and utility, water and waste bills. Fairmont St Andrews was assessed by a qualified grading advisor against a set of criteria, covering a range of areas, including, energy and water efficiency, waste management, bio-diversity, community involvement among other elements.

The Hotel has achieved this rating for its use of a variety of strategic energy reduction tactics throughout the resort, such as, an incentivised collaborative asset performance programme:CAPP where the focus is to reduce energy consumption, providing an energy optimisation solution. Through the implementation of high efficiency equipment, such as, LED lighting, motion sensors to ensure lights switch off when not needed, retrofitted chilling units with new energy efficient models and modifications to the building management system, Fairmont St Andrews saw a total kilowatt hour reduction of 912,944kwh.

By properly utilising more efficient energy systems and through the optimisation of existing systems the five-star hotel reduced energy costs to see a saving of £86,449 in just one year. And, by any standard that is an impressive saving.

In waste reduction, the Hotel sought to achieve zero-waste to landfill status as a five-star luxury hotel: in January 2017, Fairmont St Andrews joined the Clean the World initiative committing to recycle all unused bathroom soaps and hygiene products. The hotel recycles circa 250kg of products per month, which are, then, donated to various humanitarian organisations around the world.

Additionally, the resort has reached a ‘zero-waste to landfill’ status by strategically utilising contractors and bespoke waste services, such as, Clean the World to ensure any non-recyclable by-products are reused sustainably.

All single use plastics in the staff canteen have been replaced with reusable china, saving £5,000 per year, as well as, reducing waste.  Water cooler stations are available in all staff areas and recyclable glass bottled water is offered in conference areas for guests.

By strategically utilising local contractors and bespoke waste-removal services to ensure that any non-recyclable by-products are reused, waste removal costs dropped from £82,181 in 2017 to £36,612 in 2018 contributing to our zero waste to landfill status.  

Eco-friendly coffee pods: Fairmont St Andrews partnered with Eden Project to provide plastic free fully compostable bio-degradable coffee capsules, sharing information about the fully bio-degradable capsules in each room, which has attracted a lot of positive feedback from guests.

Mr John Keating, the General Manager of Fairmont St. Andrews said of the achievement, “Fairmont St Andrews is proud of our long-term intentional commitment to sustainability and dedication to ensuring our five-star resort has the smallest possible impact on the environment. 

Through our conscious commitment to protecting our planet, we hope to be an example to all luxury resorts, taking intentional steps to have a deliberate positive impact on our world. Not only are we taking steps to reduce our carbon footprint but, we are, also, making the effort to educate our guests and the local community on how we all can contribute in small ways to the betterment of the planet.”

Caption: Image: Fairmont St Andrews:::ω.

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Capitalism’s Lowest High-Cruelty Is Poverty: The United Nations Can Report About It But It Is Up to the People Who Are Subjected to Capitalism’s All High Cruelties to Rise Up to Tear Them All Down: New United Nations Poverty Report Presents Vast Inequalities Between and Among Countries: To End All These Horrors the World Requires to Establish Building-Block Foundational Human Rights




|| Thursday: July 11: 2019 || ά. There are vast inequalities across countries and among the poorer segments of societies, according to a new United Nations Report, published on Thursday. This is not news in the rich-dominated media outlets, that are engaged in talking about the puddle-circus of the market and the rich, who have nothing better to do other than creating an obnoxious farcical circus about while capitalism ravages on all the poverty-devastated peoples, who happen to be the vast majority of the human race. Following the news and media outlets of this world, one would think that the world has become a heaven on earth where there is nothing to report and the educated are busy consuming, what they are able to rob off, who are not interested about anything else or about anyone else and the educated elite, that have found out that they can make politics out of ignorance so that out of them are rising all the obnoxious leaders and parties, that want to make everything patriotic and supremacist of whatever kind suits them.

However, the United Nations can not resolve capitalism’s high cruelties, high brutalities, high barbarities and high depravities because it is a weakly construction, that has passed its ‘sell by date’. The world can not get out of these capitalism’s savageries, if, the world’s very working and non-working poor are left to the mercy of the directing, herding and manipulating elites and their media and press outlets and the political parties and forces, that are absolutely committed to serve the rich while the poor keep on serving their live-in-life-sentences. In America, the media outlets have nothing to report while the fact is this that only 27% Americans ever go through a degree level education, meaning 73% of Americans have not been given the right to do so and there the media outlets seem to be busy about myths and mythology making and they still have the energy to wonder why Mr Donald Trump is the President of America! And, the fact is this that, this United States of America houses the most poverty-devastated majority with the most entrenched and ingrained inequality where sociology of evil is at its high-existence but the media goes about reporting the circus, that these grandees of these two mutually replaceable elite parties, debating on the television, as, if, they are going to change America from its malaise, that capitalism has been increasingly inflicting of the vast majority of the poor of that richest of countries!

In the United Kingdom the same is happening where the Conservative Party Government has been creating the sociology of squalors and fermenting the sociology of evil where everything has been falling apart but in the media there is the same circus and there the Party have ‘jacked’ the agenda and two of its own are now running the revolting circus. The entire world is the same: the elites are going about in behaviours, conducts and actions, as, if, the world has become, literally, a heaven on earth where everything is worked out and there nothing requires fixing! Capitalism is ravaging and savaging humanity and the world has become a Rome where the Neros are playing their flutes. It is time minds of humanity across the nations and peoples and the earth, particularly, the youth, to begin to ask the question: are we living on a heaven on earth or is it time that we register the fact that this earth has been made into a hell by capitalism and we go about seeking to gather forces to bring this to an end. Poverty is not news: capitalism creates poverty and distributes it. Inequality is no news in this system because capitalism creates and sustains and continually increases inequality. Education is not universal because capitalism likes folks when they are down there without eyes, ears and minds so that it has built that wall and kept the majority out of education across the world. This is time to wake up: each and every soul: to stop and ask and follow the path till the answers walk with us.

However, The 2019 Global Multi-dimensional Poverty Index:MPI from the UN Development Programme:UNDP, shows that, in the 101 countries studied, 31 low income, 68 middle income and two high income, 01.3 billion people are multi-dimensionally poor, which means that poverty is defined not simply by income but, by a number of indicators, including, poor health, poor quality of work and the threat of violence.

The Report states that action against poverty is needed in all developing regions It notes that sub-saharan Africa and South Asia are home to the largest proportion of poor people, some 84.5 per cent. Within these regions, the level of inequality is described as massive: in sub-saharan Africa it ranges from 06.3 per cent in South Africa to 091.9 per cent in South Sudan. The disparity in South Asia is from 0.8 per cent in the Maldives to 55.9 per cent in Afghanistan.

Many of the countries studied in the Report where is found extensive internal levels of inequality: in Uganda, for example, the incidence of multi-dimensional poverty in the different provinces, ranges from six per cent in Kampala, to 96.3 per cent in Karamoja.

Over half of the 01.3 billion people, identified as poor, some 663 million, are children under the age of 18 and around a third, some 428 million, are under the age of 10. The vast majority of these children, around 85 per cent, live in South Asia and sub-saharan Africa, split, roughly, equally between the two regions. The picture is, particularly, dire in Burkina Faso, Chad, Ethiopia, Niger and South Sudan, where 90 per cent or more of children under the age of 10, are considered to be multi-dimensionally poor.

The Report identifies 10 countries, with a combined population of around two billion people, to illustrate the level of poverty reduction and all of them have shown statistically significant progress towards achieving Goal one. The fastest reductions were seen in India, Cambodia and Baangladesh.

Speaking ahead of the launch, Mr Pedro Conceição, the Director of the Human Development Report Office at UNDP, told UN News, ‘’The Report gives a more comprehensive picture of poverty and gives an indication of where to target policies, that, may, address the dimensions in which people are deprived, whether it’s education, health or other aspects, that could enable people to be lifted out of poverty, if, these investments are made.”

However, the Report notes that no single measure is a sufficient guide to both inequality and multi-dimensional poverty and that studies, such as, the MPI, Human Development Index and Gini co-efficient, which measures countries’ wealth income distribution, can each contribute important and distinctive information for policy action to effectively reduce poverty.:::ω.

What are Foundational Human Rights

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The Distorteddia Banks and the Pseudo-Currencies Must Come to an End: Only the European Union Has the Political Will Organisational Prowess and Institutional Systems to Ensure That That Happens So That Its Leadership Will Force the Rest of the World to Follow Suit



|| Thursday: July 04: 2019 || ά. Rousseau has not erred in beginning with the social contract as the basis of what is called ‘civilisation’, that is created by a grid of civic societies; however, he has failed to realise that until and unless there exists a ‘good state’ in individuals, families, communities, agencies and organisations and in the wider society, states and governments can not come to exist for the common good, there can not be ‘contracts’ of any sort among and between ‘parties’ simply because unless and until parties share the common value-ground of that ‘being in ‘good state’ so that they intend, imply and commit to remain in that good state so that they shall within the duration of the contract abide by their respective duties, responsibilities, obligations and liabilities. For this contract to be meaningful and to be taken as solid and legally enforceable mechanism this ‘good state’ is a-priori. Otherwise, no contract can take place because parties do not share that same common value-ground, which shows that the entire existence of social contracts can not be sustained until and unless these two criteria: good state and sharing the common value-ground created by the fact that parties share the good state, are fulfilled.

And here we find that, despite reaching a great point of understanding Rousseau did fail. Civilisation and civic societies do not arise because we have social contracts among and between individuals, agencies and organisations and among and between individuals and agencies and organisations on the one hand and, on the other, their states and governments. The vague sense and idea of existing in a civilisation, that subscribes to societies being civic does not arise because we have created a ‘state’, that is good state but because that good state is an inalienable and inseparable part of what it means to be and do human. Humanical view of humanity, as per humanics is concerned, is this that humanity is an infinity of goodness nanocromised in the finite so that it is nothing but an infinity of goodness seeking to unfold itself.

This is why this good state or common value-ground or social morality-infused ecology or, for short, social morality exists in humanity because it is so in its core and foundation: it is an infinity of goodness unfolding itself in which it seeks nothing but a state of civilisation, created by a grid of civic societies, only which can and does enable this humanity to exist as humanity naturale, which is the workable expression of what constitute ‘good state’. This good state or this social morality is such that it does not enter into or temper over personal morality but takes the essence of the ecology of what morality is and applies it to ensure that common good is sought, attempted and achieved for civilisation and civic societies are concerned with that common good of all members of any given society or all societies forming that civilisation.

Therefore, we arrive at where Rousseau went wrong: in failing to ascertain that that good state or social morality exists with humanity as it is an infinite state of goodness seeking to unfold itself and because of this any and all contracts can take place. Good state must exist and it does exist, that enable all parties to have a state where they can and do enter into contracts, social or otherwise. However, the development of contract laws show us something profound in the continual erosion of humanity in the process of dehumanisation of humanity. Were societies and communities to exist in this good state humanity would not require to have ‘written’ contracts for parties to respect for everyone would have been in good state and so they would respect whatever was agreed. In this, because humanity had fallen away from being humanity naturale, it had entered a ‘not good state’ because as a consequence of dehumanisation there appeared the resultant: loss of liberty and appearance of inequality because humanity had fallen into subscribing to ownership and money and the powers they generate and confer, which created two groups of humans: the powerful and the powerless and in this antagonistic set up the sociology of evil is the working order, that is continually eroding, destroying and erasing away the good state and the very humanity naturale; the sociology of evil is the exact opposite of what good state or humanity naturale is. In that, therefore, appeared the need to have ‘codified laws’ because before they were necessary there were already laws in existence, the laws of natural justice, that humanity had fallen away from, so to enforce or force ‘parties’ to accept their duties, responsibilities, obligations and liabilities’ and this can be done through using the rule of or the power of the law. In a way, the very existence of the entire branch of contract laws suggest and stands as evidence of this humanity’s fall from being humanity naturale and into being subjected to the merciless pounding of dehumanisation of humanity in which sociology of evil erases and erodes away our very humanity.

Getting back to this good state: This takes us back to the dawn of humanity where we find this humanity finding itself on earth, that it had not acquired by any of these means: it did not conquer it, bought it or won it. Humanity found itself on this earth. Prior to that the earth was not owned by anything or anyone other than it was part of mother nature and of the entire Universe. And, humanity found itself there while it found that it had that good state already ingrained in it in such a way that humanity and good state meant the same thing. This is enshrined, enhanced and ingrained in humanity, for which we can find support from this fact that it had found the earth, as, if, it was ‘given’ to it or ‘endowed’ to it as a gift of mother nature. This endowment of that gift was the frame or form for this humanity to fill with the contents of that good state. Therefore, this endowment, readers are requested not to connect the world ‘endowment’ to any religious interpretations, ‘forces’ or rather, puts humanity under an imperative to accept the ‘terms and conditions, grounds and ground-works, systems mechanisms and protocols’ of that gift, that humanity can not but carry on following and discharging. This can be seen from this example: a woman is heading somewhere through the wilderness and suddenly she comes to a spot where she finds a little baby, left abandoned in a terribly bad state. If, this woman is a humanity naturale, it can be guaranteed that she will pick this child up and will do everything in her power to keep the child alive and well and protect that child and its well-being and welfare. This child was our Mother Earth, that was our endowment and that endowment binds us, like this woman, with a covenant, that, what is given to you, ought you, should you and must you keep it as you found it, protect it, nurture it, support it, foster it and send it forward as you have been given it. And, as, Medicine would put it: And not to harm it.

This is, therefore, not a contract but a covenant. Again, readers are requested not to relate the covenant with any religious interpretations. This covenant, humanity has found, it had been entered into and it had to respect that because it was the definition of what it is to be human and humanity: that it ought to exist as and in that good state for it is a working example, working illustration of what good state is or can be. Now, this gift, this endowment, creating this covenant for humanity was such that without respecting this covenant humanity found it could not exist as humanity naturale or as an expression of that good state while mother nature has left the infinity of resources, that humanity would require to exist on earth so long they make ‘use’ of them following the terms and conditions of that covenant or, in other words, that humanity ought to exist in harmony with what we have called natural justice, which was where humanity had begun from. Therefore, at the dawn, humanity found itself closest to natural justice while there existed liberty and equality among and between all humans. This beginning with the gift of the endowment, under the covenant, that was already created and humanity was entered into it by virtue of its construction as an infinity of goodness existing as and in an eternal good state for only that shall always ensure that they are able to exist and flourish as humanity naturale.

Therefore, the only thing, that respect this endowment and covenant is to seek to ensure that there are created civic societies in an overarching architecture and organisation, creating a practical and ever-going ‘symphony’ of all civic societies, that is called a civilisation. A civilisation is the highest expression of the human condition in socio-cultural, socio-political and socio-spiritual expressions of a fountain, that is created, sustained and fed by all the civic societies working in tandem to maintain that state of being good or that state of homeostasis or equilibrium. Only in such a state humanity can and does exist as humanity naturale; closest to natural justice. Therefore, there exists no ownership or anything, that symbolises or represents ownership but exists belongingship so that there comes to exist liberty and, with it, equality because this conversion eradicates the two opposing groups of humans: the powerful and the powerless so that all humans are now nothing but just humanity naturale, standing at the same ground and sharing the same state of being: all belonging to the mother earth equally and at all times and all being at liberty. Civic societies are the means and civilisation is the resultant of that human endeavour to create conditions, that take them closest to natural justice so that they can exist as humanity naturale.

This is why and this how humanity finds that, regardless of where or under what conditions or circumstances they exist, regardless of how challenging or hostile the reality is, this good state exists at all times and at all places, in the largest majority of all populace on earth. This good state or the common value-ground can not but exist for humanity to keep on existing as humanity naturale without which there can not exist any rule of law of any kind. Therefore, it is not a product of social contract that we have this good state without which there can not exist any contract but it is an expression of what humanity is: an infinity of goodness seeking to exist and continue to exist as such and to enable it to do so mother nature has created this humanity as this, as an infinite goodness to seek and strive to bring about that infinite goodness into existence and to support humanity’s efforts on this path of reaching natural justice mother nature has entered us into this covenant, that has all the mechanics to support, guide and enable us to bring about a civilisation with civic societies, that are run by natural justice, that can be seen at work as the rule of law.

On this good state, therefore, societies sought to bring about structures, systems, mechanisms, protocols and procedures in an architecture to advance their goal to reach civic societies, where societies have reached such a state of development that, for the first time in human progression, they have developed ‘the agency or body’ to run themselves. Until this happens, we see that the highest body, that humanity has created to run the public affairs management system is the state. There is no larger body or agency in this world but this state. This state arises not because there is ‘social contract’ but it arises because people, humanity as individuals, as families, as agencies and organisations, as communities reside, in the greatest majority in that good state and they want to ensure that they are able to continue existing in this good state for which there is the necessity to create the sustaining system and mechanism to establish the rule of law to ensure that societies are run in civic ways and that the rule of law goes about taking and leading humanity towards reaching natural justice. In this we find that the state comes to existence, therefore, for the service of advancing this common good for all humanity and because of this the people subscribe to it. So long states serve this purpose they have all the social moral ‘call’ upon all their citizens to support them but, as, if and when they fail in doing this or they go about doing the opposite or something else the people have no ‘obligation’ to support such states. Yet, these states are not organisations of societies themselves, which was what societies were seeking to get to and the development and progression of these states means that they will come to metamorphose and become bodies of societies themselves, which are directly run by the members of these societies by themselves. This will happen when societies reach humanics.

However, therefore, the highest body or authority in any country, established, supported and maintained by the people, is that state. There is no other and there can not be two different sets of states for the same purpose within a country. There is one and only the one state by which human affairs management system seeks to create, run, develop and maintain the rule of law, that must arise out of the consensus of its people subscribing to its lawful validity. Therefore, that state is organised in Executive, Legislature and Judiciary with all other vital parts so that, a state has, in addition to all these, a Central Bank, that, among other things, creates, runs and maintains a national currency, a national banking and financial clearing system and so on. There, however, can not exist two sets of states, two sets of executives, two sets of legislatures, two sets of central banks, to sets of currencies for that would jeopardise the very idea of the state working and existing to support and nurture the common good. This is simply unnecessary, unworkable and absurd. Therefore, it is vital for the rule of law that the state is and it remains as the ‘regulatory’ body to conduct ‘the rule of law’. Here, we can elaborate by this example as to why that would be counter-productive, chaotic and anarchic: whatever happens in relation to the state and all its organs are ‘ultimately regulated’ by the people, where the society is democratic so that the state and all its organs have the ‘approval of its people’ by which it keeps on going forward while any company, agency of business, trade and commerce, for example, do not have that mechanism whereby they are and they can be regulated by the people, who are the citizen of the country in which these agencies work. Furthermore, despite their being part of the economic system these agencies have their own agenda and own aims and objectives, all of which boil down to this simple fact that they are seeking to make profit for their owners and shareholders. If, they fail in achieving this they shall cease to exist because their owners and shareholders will lose their investment and move away and the company will disappear. Because of this duality of loyalties they can not be let to be their own judge, jury and executioner but they, must be, at all times, regulated by the highest regulatory body in the land, the state or, in other words, by the rule of the law, that arises out of people’s participation, involvement, engagement and approval of the state while these companies do not arise by seeking to get or getting that approval. Therefore, the state must ensure that they are regulated by the state and the rule of law.

And, in short, our earlier discussion about the good state, these agencies of business, trade and commerce have the ultimate determining criteria, that they are not to serve the people and the country but serve their owners and shareholders and for them they must make profit. Because of this these agencies can not be advancing or subscribing to that good state for the good state simplified can be said to be the common good while these agencies are not for common good nor for good state but to advance individual good for their owners and shareholders contrary to the common good. Therefore, the state must ensure that they remain within the law and are required to do their business and activities bearing in mind and serving the common good by the and under the law. Unless this is done, the states tell their citizens that they have accepted the foxes to guard and look after the poultry farms and the people of the country should go to sleep. The citizen of the country can not go to sleep knowing the foxes are now the care takers of the poultry of the country! This can not be accepted and acceptable.     

Having set this out, now we come to the pseudonomic development of capitalism because of the invention of the entire range of the distorteddia conglomerate, where belong many and varying types of agencies, all of which, share the same criteria: that they all are part of the ‘variables’, that have worked together to convert capitalism into pseudonomics and through which these distorteddia conglomerate rob away enormous amount of money, value and worth out of the real economies and out of the real people’s real value and worth and pocket them for their own benefits and enjoyments while these very people, who created these values or worth suffer the consequences of these robberies. The entire world and all its states have failed miserably to regulate these distorteddia conglomerate so that they are now dictating and directing the states and their governments and, thus, the peoples across the world as to how human existence must be conducted: to keep on consuming and making profit while this ever going consumptions destroy the earth and bring an end to the entire human existence and the entire ecology and web of life on earth.

These distorteddia conglomerate, some of them, such as, google and apple and the like, have been let to become larger than the largest states; in fact, they have become their own states, that have declared the entire world and the globe under their jurisdiction in which it is they, who are the law unto themselves. Take an example, even, the states and governments, have not got their own banking or financial clearing houses so that, like all other people and organisations, they have to use banks to get transactions done. So do every individual of the world so do all other organisations and agencies. While this is the norm these distorteddia outlets have been let to develop their own ‘banks’ or ‘clearing houses’, such as, google pay’ or apple pay. Why on earth any business organisation be allowed to develop such agencies in house? This takes them out of normal laws, regulations and functioning mechanisms and the states and the public miss out on many vital benefits: that their laws are not followed by these in house banks and they are not regulated like all other banks and clearing houses are and that this means that the states and the public do not get the ‘revenues’, that they get from the normal banks and financial clearing houses. What is worse, this way, these distorteddia agencies saves enormous amount of money for they did not have to pay any charges to the banks for conducting their transactions and with these all states and all peoples are robbed off much revenues, that can make seismic difference in the state of the human condition in every nation on earth. This can not go on and it must come to an end. The world must get its act together and stripe these distorteddia off their ‘own banks’. Things like google pay and apple pay and the like must come to an end for otherwise there runs two parallel banking system in which one set is run and regulated by the states while the other no one does so, so that they just do business however way they like. This can not be accepted and acceptable. These companies must be forced to either break up and separate their ‘own pay bank’ from the rest of the company so that these newly created banking agencies come under the normal regulatory frameworks of all the states so that they are not only regulated but the world’s peoples and all states receive the revenues from the worth and value they transact. Or they should be forced to stop running their own ‘unlawful’ banks by themselves. Our editorial puts the European Union in the frame. It is this body in the world, that does have all it takes to deal with this fundamental and vital important issue and only this body can do something like this and once the European Union has done it the entire world shall follow suit. Humanity does not require super-state, owned and run by some owners and shareholders! This is not the rule of law. It is time this comes to an end and it must do so at the shortest possible time. European Union must rise to the challenge to bring the world’s distorteddia conglomerate under the rule of law so that the entire world and its all states follow suit. Peoples of the world have been robbed off by these distorteddia conglomerate long enough; it is time they get their dues: the revenues from them and that they are regulated by the rule of law of their states, that the peoples themselves regulate.

Now we come to the second question relating to banks, finance, currencies and maintenance and running of them. The entire world had fallen in desperate sleep while every Arthur and Ahmed and Emma and Mbamba and Patels or Takimoto started getting their own, what they called, ‘crypto currencies’, which are at best, unlawful and, at worse, allowing robbers the keys to all Central Banks of the world. Yet, there appears so many of these pseudo-currencies seeking to conduct business, as, if, their initiators have become states of their own central banks with their own laws and rules, about which neither the world nor its states or the peoples of the world have any say! In this ‘gold rush’ recently declared its greed, another distorteddia conglomerate agency, facebook, that they are going into these pseudo-currency. This pseudo-currency is a grave danger to the entire world and world’s public affairs management systems, all economies of the world, all countries, states, peoples and nations of the world, all individual human beings and all agencies and organisations of the world and this is one of the largest vehicles of committing and advancing pseudonomics robberies in grand scale. This has gone on for far too long and the world has very little time but to act and bring this to a ‘Termination’. Pseudo-currencies must be made illegal to operate. Sure. Pure. Simple.

Here again, we invite the European Union to take urgent and immediate actions to bring this entire venture of pseudonomics to an end. Because together with these in house banks and these pseudo-currencies these distorteddia conglomerate are becoming so powerful that it shall threaten the very rule of law and lawful business, trade and commerce in the world while the pseudonomic robbers will have their field day and, consequence to all these, the states and governments and all the peoples of the world are going to suffer more and more for pseudonomics is killing the economies of the world and they will keep on going and they will keep on getting bolder and bolder and rob more and more. It is time the world and the European Union wake up and it is up to the later to show and inspire the former how to do it. This is time these pseudonomic vehicles are sent into their termination centre. Period. Enough is enough.

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New Nidec ASI Batteries Launched at the Electric and Hybrid Marine World Expo in Amsterdam for Zero-emission Vessels



|| Thursday: June 26: 2019 || ά. Nidec ASI of the Nidec Group is today presenting its very first Nidec battery system, designed for large and medium-sized boat propulsion systems at the Electric and Hybrid Marine World Expo in Amsterdam. These systems make it possible to completely eliminate polluting emissions at sea and in all bodies of water throughout the world, guaranteeing safe and ecological boating.

Because of the experience gained along the entire energy supply chain as a system integrator, with over 600 MWh of battery energy storage solutions installed all over the world and in the marine sector with customised electric boating propulsion and on-board power generation systems, Nidec ASI has been able to develop this new solution to complete the range of on-board energy storage products on offer.

The innovative batteries launched by Nidec ASI differ from those currently available on the market because of a number of technological features, including, the Single Large String, a large module, which is better suited to making up large battery packs and significantly simplifying system set-up.

In addition to offering greater battery efficiency, durability, safety and performance, the Single Large String will, also, make it possible to reduce the number of modules in each battery pack and the number of DC:DC and DC:AC converters. This will simplify wiring and installation on different types of vessels and facilitate the use of hybrid propulsion systems with clear benefits in terms of weight and volume reduction while, also, allowing greater flexibility in naval architecture.

Also, for this solution, Nidec ASI focuses on safety. In fact, the batteries are fitted with control systems on each individual cell and detectors to quickly identify any signs of degeneration.

"Presenting this innovative solution once again places us among the forerunners at the helm of a more sustainable development model, committed to offering innovations for transporting people and goods based on the use of renewable energy sources and a reduction in pollutant emissions. 

The Marine industry can play an essential role in this progress, converting to electric boating, which can not be separated from the spread in new-generation storage systems. Hence our decision to present our first Nidec ASI battery system, which responds to the growing demand for cutting-edge solutions." said Mr Dominique Llonch, CEO of Nidec ASI and the Chair of Nidec Industrial Solutions.

The new Nidec batteries, together with customised solutions developed for other sectors, such as, the Ultra-Fast Charger for quickly recharging electric vehicles launched last year, represent another important step forward in the company’s corporate strategy, which aims to be a leading player in the process of energy transition and the affirmation of sustainable mobility.

Nidec Industrial Solutions:NIS, the industrial platform of the Nidec group, offers complete electrical systems and brings together the products and services of Nidec ASI, Avtron Industrial Automation, Nidec Industrial Automation and Motortecnica. It offers customised solutions throughout the world for a wide range of industrial applications. Its reference markets are oil and gas, traditional and renewable energy, steel, naval and industrial automation markets.

The multi-national is specialised in heavy duty applications in which high power and high performance are key: electric motors and generators up to 65 MW of power, 87,000 HP; power electronics inverters and converters; automation and software for industrial processes; retrofitting of power plants and hydroelectric generators; integrated systems for the production of electrical energy from renewable sources and their stabilisation in connecting to the national grid. Following the acquisition of the Motors, Drives and Electric Power Generation divisions of Emerson Electric Co. Nidec ASI has, also, made further improvements to its industrial and commercial activities, integrating the medium and low power drives into the overall range offered by Nidec.:::ω.

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Renewable Energy Is Powering the World But Political Inaction on Sustainable Energy Policies to Blame for the Lack of Progress on UN Climate and Development Goals



|| Tuesday: June 18: 2019 || ά.  Renewable energy is increasingly powering the world but, erratic policy making is holding the sector back from its potential contribution to cutting carbon pollution and meeting climate and development targets, according to REN21’s Renewables 2019 Global Status Report:GSR, released today. The Report confirms that for the fourth consecutive year, more renewable power capacity was installed than fossil fuel and nuclear power combined, 100 gigawatts:GW of solar PV alone was added in 2018, enough to meet more than 25% of electricity demand in France.

But a lack of ambitious and sustained policies to drive decarbonisation across the heating, cooling and transport sectors means countries are not maximising the benefits of the transition, including, cleaner air and energy security for their people. “A key breakthrough could occur, if, countries cut their fossil fuel subsidies, which are propping up dirty energy.” says Mr Rana Adib, the Executive Secretary, REN21. Ambitious policy and regulatory frameworks are critical to creating favourable and competitive conditions, allowing renewable energy to grow and displace more expensive and carbon-emitting fuels.

Forty countries have undertaken some level of fossil fuel subsidy reform since 2015 but, these subsidies continued to exist in 112 countries in 2017, with at least 73 countries providing subsidies of over USD100 million each. Estimated total global subsidies for fossil fuel consumption were USD300 billion in 2017, an 11% increase from 2016.

The Report finds:

::: Solar PV and wind are now mainstream options in the power sector. Over 90 countries had more than 01 GW of renewable power capacity installed and 30 countries had more than 10 GW. At least nine countries generated more than 20% of their electricity with solar PV and wind. These are: Denmark, Uruguay, Ireland, Germany, Portugal, Spain, Greece, UK, Honduras.

::: Global renewable energy uptake no longer depends on just a few countries. In 2018 the global deployment of renewables kept up a steady pace overall with the European Union’s roll-out slightly up and China’s annual installations and investment declining compared to year prior. This shows renewable energy is a strong, global powerhouse.

::: Cities are increasingly becoming strong drivers in renewable energy deployment, adopting some of the most ambitious targets for renewables globally. In numerous cases, these commitments and actions have exceeded national and state:provincial initiatives. More than 100 cities, ranging from Nairobi:Kenya and Dar es Salaam:Tanzania to Auckland:NZ, Stockholm:Sweden and Seattle:USA use, at least, 70% renewable electricity and, at least, 50 cities put in place renewable energy targets covering power, heating and cooling and transport.

There is a huge opportunity for countries to drive action by expanding the transition to the heating, cooling and transport sectors. Renewables supply more than 26% of global electricity, however, they provide only 10% of the energy used for heating and cooling and just over 03% for transport. This imbalance between energy sectors is, in large part, due to insufficient or unstable policy support. The number of countries with a policy for renewables in heat actually declined.

Despite insufficient support, initiatives in transport, heating and cooling sectors are being implemented. Sustainable bio-fuels, EVs and fuel economy policies are reducing overall fossil fuel dependency in the transport sector. Ambitious policies, such as, Brazil’s 27% blending mandate for ethanol and California’s Low Carbon Fuel Standard Programme, demonstrate renewables’ contribution to the transport sector.

Heating and cooling policies include building energy codes, renewable heat incentives and mandates and indirect approaches like carbon pricing. Carbon pricing remains acutely under-utilised. By the end of 2018, only 44 national governments, 21 states:provinces and seven cities had implemented carbon pricing policies, covering just 13% of global CO2 emissions.

“With the countries needing to come back with more ambitious climate targets in 2020, this Report shows there are an array of opportunities to scale up action and improve people’s lives by extending the benefits of the energy transition throughout the economy.” says REN21 Chair, Mr Arthouros Zervos.

About the REN21 and the Renewables Global Status Report:GSR: Made up of a worldwide community of players from governments, inter-governmental and non-governmental organisations, industry, science and academia, REN21 is a global network, that provides high-quality, up todate information to shape the energy debate. REN21 is committed to a sustainable energy future. Building on knowledge and data, REN21 changes the way we think about renewables in turn informing decisions and shaping the future.

First published in 2005, the GSR provides a comprehensive overview of what is happening in the renewable energy sector. This year’s Report focuses on 2018 developments and trends by markets, investments, and policies worldwide. Now in its 15th year, this annual report has become the industry standard for renewables. It is built on data and information provided by REN21’s network of more than 900 contributors world-wide. Collectively, the information is used to shape debates to push thinking and action on renewables.:::ω.

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The Decarbonisation of Our Economy Transport and Heating Systems Can All Be Achieved Through Existing Technology But That Has to Include Onshore Wind If We Are to Decarbonise by 2050: Scottish Power’s Whitelee Windfarm Stands Testament to This Reality



|| Monday: June 10: 2019 || ά. A decade on from the opening of the UK’s largest onshore windfarm, new research shows that it has generated enough clean, green energy to provide almost 90% of total annual household electricity consumed by Scottish households and businesses. An independent Report into Whitelee, which lies on the outskirts of Glasgow, has concluded that the windfarm is a national success story and highlights onshore wind as an essential part of the country’s generation mix in the drive to decarbonise power, transport and heat as the march towards net zero continues.

Scottish Power Renewables, which owns and operates the windfarm along with almost 40 others around the UK, called on the Government to bring forward legislation, that supports the UK Committee on Climate Change’s target to deliver net zero emissions by 2050 when compared to 1990 levels. Ms Lindsay McQuade, CEO of Scottish Power Renewables, said, “We know that renewable energy generation needs to quadruple, if, we are to deliver on net zero.  We, also, know that onshore wind is the cheapest form of green energy and, therefore, should be part of Scotland and the UK’s, low carbon, cost effective electricity system.’’

“If, we are to meet the target of net zero by 2050, our ambition has to be backed by political will and underpinned by legislation. Since the passing of the Climate Change Act in 2008, a number of progressive policy measures have been put in place, that has enabled Scotland to become coal-free. Working with industry and government, the same approach is now needed to ensure we can continue to invest in much needed renewable generation and, thereby, achieve this objective and support action to tackle the climate emergency facing us.’’ Ms McQuade said.

‘’Whitelee is a great example of what effective policy can deliver.  It’s a national success story. Every year it produces the equivalent clean energy to power each and every electric vehicle currently in the UK, preventing over five million tonnes of carbon emissions had this energy come from fossil fuels. The decarbonisation of our economy, transport and heating systems can all be achieved through existing technology but that has to include onshore wind, if, we are to decarbonise by 2050.”

The Report into Whitelee, carried out by independent energy consultants BVG Associates, also, found:

Whitelee’s total generation to date has been enough to provide 87% of the current annual household electricity consumption of Scotland

Whitelee produces enough energy per year to power all the electrical vehicles in the UK

A single revolution of the blades on one Whitelee turbine produces enough energy to fully charge over 300 mobile phones

Whitelee has saved over five million tonnes of carbon emissions, if, compared to generation from fossil fuel

Each day Whitelee can offset enough CO2 emissions to offset two days’ worth of each and every domestic flight to and from Heathrow and Gatwick airports

Whitelee produces annual CO2 savings equivalent to 40,000 football pitches full of trees

Whitelee, which represents a total lifetime investment of £01.5bn by Scottish Power Renewables, also, makes an essential contribution to the Scottish and UK economy. The study shows that over the life of the windfarm, it will boost the UK economy by over £01 billion, with over £790 million in Scotland.

It, also, supported over 4,000 jobs during its peak years of construction and sustains around 600 jobs every year through the operation and maintenance of the windfarm, creating the equivalent earnings in Scotland of £512 million, £670m UK-wide, over the lifetime of the windfarm.

To celebrate 10 years of Whitelee’s operation, a free family fun day is being held at the site’s popular visitor centre and café, which expects to welcome its 750,000th visitor through the door. Currently 200,000 people visit the site each year to explore the 130 kilometres of trails on foot, bike or horse.

To date, the windfarm’s community benefit funds has disbursed over £09 million to local projects and  further community benefit of over £14.5 million will be paid over the site’s remaining lifetime. 

Whitelee Windfarm is the UK's largest onshore windfarm, located on Eaglesham Moor, just 20 minutes from Glasgow. Owned and operated by leading wind energy developer Scottish Power, its 215 turbines range up to 140m in height and have been successfully providing clean green renewable energy for almost a decade. Its significance to Scotland and its contribution to achieving ambitious climate change targets can not be underestimated. At peak, it can generate 539 megawatts of electricity, enough to power just under 300,000 homes or all the households in Glasgow. The site, which is accessible to the public, has an interactive visitor centre and is well known for its 130 kilometres of trails available to be explored on foot, by cycle or horseback. It welcomes thousands of visitors each year and will celebrate its 10th birthday this summer with a family fun-day for local people. For more information visit scottishpower.co.uk/whitelee

Established in 2008, the UK Committee on Climate Change advises the UK government on targets for cutting emissions.  Its Report, published this month, advised that the UK should completely eliminate net greenhouse gas emissions by 2050.  It, also, urged that Scotland set the target five years ahead of the UK as a whole, given its larger landmass and more potential sites for carbon capture.

Net-zero is the point where the same volume of greenhouse gases is being emitted as is being absorbed through offsetting techniques like forestry.

Image: Scottish Power:::ω.

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Procurement and Finance Executives Anticipate Negative Effects From Geopolitical Issues and Many Are Preparing for Challenges They Bring

This Is Intelligence




|| Thursday: June 06: 2019 || ά. A new Report, ‘What’s Now and Next for Finance and Procurement’, by The Economist Intelligence Unit and sponsored by Basware, has been released yesterday. Conducted in February and March 2019, the Report is based on the survey responses of more than 400 procurement and finance professionals in the U.S, UK, Germany and France. The Report examines which emerging dimensions of three broad trends, shifting trade dynamics, automation and digitisation, finance and procurement executives expect will affect their companies most, what their impact will be and how they have prepared.

A key trend, that surfaced was the concern of diminished company performance due to current global trade dynamics, namely, due to increased procurement costs and greater supply-chain complexity. When it comes to expectations regarding future trade trends, the two most widely expected to have the greatest impact within the next two years are the UK’s Exiting the EU trade negotiations, 23% and the escalation of the US-China trade war, 21%. One respondent, even, expressed his fear of the lack of free markets in 10 years, seeing these trends as undercutting the progress made to date for globalisation.

Another source of concern is national barriers to digital trade, including, censorship, localisation measures and privacy regulation, which was cited by 13% of respondents. Respondents expect trad