To protect the environment and improve the health of 4 million people while making a profit is the goal of a Swiss-based company distributing water filters and aiming to sell carbon credits.
Mikkel Vestergaard Frandsen’s family firm has invested US$30 million in a program to distribute 900,000 water purifiers in Kenya’s Western Province, which will reduce environmental pollution by avoiding the need to burn wood and boil water.
The technology, given free to local people, is known as the LifeStraw, which is a plastic kit fitted with a filter that eliminates more than 99 percent of bacteria, viruses and parasites in water from wells and streams.
Photo: AFP
In recent months, with the help of 4,000 Kenyan public health workers, the Danish-run Vestergaard Frandsen company equipped almost 90 percent of the 900,000 households in Western Province, reaching nearly 4.5 million residents.
LESS EMISSIONS
The aim is to ensure that 60 percent of the households affected no longer have any need to boil their water to purify it and thus reduce the carbon gas emissions, earning Vestergaard Frandsen carbon credits to sell.
The scheme depends on a system of collecting information from each worker who installs a LifeStraw and must transmit, over a mobile phone, the name and photo of the recipient, the number of people in the household and the GPS coordinates of the house.
“We’re giving every house a water filter and educating in the use of [it] and the need for drinking safe water,” Vestergaard Frandsen said. “As a result of this, we anticipate that the use of boiling water will go down. When boiling water reduces, less firewood is burnt and that means less CO2 emissions.”
“It’s a massive investment for our company … We obviously need a revenue stream. That revenue comes from the reduced boiling water and the reduced burning of firewood. We actually expect to have a CO2 emission reduction for 2 [million] to 2.5 million tonnes per year, which we’re going to sell on the voluntary carbon credit market,” he added. “We’re a business, and we’ve been very fortunate to build a business around the opportunity to save lives. It’s a full profit enterprise.”
In a village on the outskirts of Kakamega, Vestergaard Frandsen carried out a swift tour of inspection, but while the project has been widely welcomed, unexpected difficulties do arise.
SUSPICIONS
Saouda Rajab, 27, took her courage in both hands to ask whether the filtered water acted as a contraceptive.
“Is it true it is used for family planning?” she asked. “Can you show me what’s inside [the plastic tube]. Old people fear that these wazungu [white people] put something in it to kill us … Those are rumors from the old people.”
Vestergaard Frandsen explained that the rumors are groundless and promised to show the filter without its plastic casing within the next two weeks. He then decided to step up his village-by-village awareness campaigns to keep on hammering the message that the LifeStraw has no such side effects and to allay fears.
The company is playing for high stakes. Its financial success depends on the widespread adoption of the kit by the villagers.
The project must also undergo an independent audit carried out by a firm with the approval of the Gold Standard, a label for trade in carbon credits under which LifeStraw is registered.
MEASURING RESULTS
The audit will “evaluate how much CO2 would have been produced in the absence of the project and then the real emissions will be measured once the project is in place,” said Emmanuel Fages, a carbon market analyst, who accepts that “measuring carbon is not an exact science.”
For his part, Vestergaard Frandsen plans to pursue his work on the ground until the audit is carried out.
“At the end of the year, we will be in a position to measure our 2011 worth in carbon credits, whose market value oscillates between six and 10 euros per tonne,” he said, before adding that he has made an advance deal worth 1.8 million tonnes with the US bank JPMorgan Chase.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
MAJOR BENEFICIARY: The company benefits from TSMC’s advanced packaging scarcity, given robust demand for Nvidia AI chips, analysts said ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip packaging and testing service provider, yesterday said it is raising its equipment capital expenditure budget by 10 percent this year to expand leading-edge and advanced packing and testing capacity amid strong artificial intelligence (AI) and high-performance computing chip demand. This is on top of the 40 to 50 percent annual increase in its capital spending budget to more than the US$1.7 billion to announced in February. About half of the equipment capital expenditure would be spent on leading-edge and advanced packaging and testing technology, the company said. ASE is considered by analysts