Why drought drives up inflation
The lack of rain leads to a reduction in the water supply in many municipalities in our territory. These restrictions directly affect agriculture and, consequently, livestock farming. The increase in production costs and the loss of crops due to lack of water have a significant impact on the rise in inflation. Sílvia Garriga, 11Onze agent, explains it to us.
Global warming caused by human activity has exacerbated drought, an endemic problem in Mediterranean countries. A fact that is evident in the state of water reserves in aquifers and reservoirs in our territory. Catalonia has accumulated months of drought and water reserves have fallen to 33%, almost half of last year’s reserves.
Rainfall and water reserves are vital for agricultural production and have a direct impact on the prices we pay for products in the supermarket. This link between drought and inflation is not always obvious. As Garriga points out, “many of us have not been aware of the drought-induced increases in production costs“.
In addition to the rising costs of electricity, fuel, fertilisers, and animal feed, there is the loss of crops due to the lack of water, which leaves the agricultural sector with no profit margin. “If crops are lost due to the lack of water, demand does not decrease, and products have to be imported, which will end up being more expensive for the consumer,” explains Garriga.
More than 500 municipalities with water restrictions
Catalonia is suffering the worst drought since 2008 when water reserves in reservoirs and internal basins fell by up to 20%. Faced with this situation, the Catalan Water Agency (ACA) has been forced to decree a drought alert in several areas of the territory, approving limitations on water consumption in more than 500 municipalities.
In addition to the 301 that were already on alert, more than 100 municipalities in the regions of Alt Penedès, Anoia, Baix Llobregat, Barcelonès, Garraf, Maresme, Selva, Vallès Oriental and Vallès Occidental, which supply the Ter-Llobregat basin, and also those affected by the area of influence of the Darnius-Boadella reservoir, were added on Tuesday.
Although the situation is not expected to worsen so much as to reach exceptionality, at which point reserves fall below 25%, everything will depend on the rainfall that may fall during the remainder of the autumn. The long-term weather forecast maps suggest that, from November to January, there will be more rain than normal on the coast and in the counties of Girona, but less rain than usual in the western Pyrenees.
If you want to discover how to drink the best water, save money and help the planet, go to 11Onze Essentials.
The European Union’s plan to ban the sale of new petrol and diesel cars by 2035 is facing resistance on several fronts. Member states, car manufacturers, consumers and industry experts question the feasibility and impact of such a move.
The European Union was scheduled to formally approve the landmark agreement on Tuesday, 7 March. After ratification of the legislation by the European Parliament, it was pending approval by all EU member states, but contrary to forecasts, the initial unanimity is now far from assured. For new legislation to become effective, at least 15 of the 27 countries – representing at least 65% of the EU’s population – have to vote in favour of the legislation.
Germany is the latest country to show its opposition to measures to ban the sale of fossil fuel cars from 1 January 2035. Berlin is calling for technology neutrality so that industry can find zero-emission solutions that are not limited to electrification, for example, insisting that Brussels ensure that synthetic fuels can continue to be used after 2035.
The Teutonic country’s vote is key, but Bulgaria, Slovakia, Hungary, Italy, Poland, Portugal and Romania had also called for a renegotiation of the agreement. Italy disagreed and proposed reducing CO₂ emissions by 90% in 2035, instead of 100%, to give manufacturers more time to adapt to the electric transition. It was also critical of phasing out combustion engines altogether, as it would jeopardise the viability of iconic brands such as Ferrari and Lamborghini.
The Italian parliamentary group in the European Parliament managed to agree on a derogation until the end of 2035 for manufacturers with small annual production volumes – up to 10,000 cars or 22,000 vans – and a total derogation for those with less than 1,000 vehicles registered per year. Even so, these figures would not be sufficient to meet the sales volumes of the brands mentioned above and others, such as Porsche, where their combustion engine is an intrinsic part of the DNA that makes them desirable to consumers.
Electrification cannot and need not be the only solution
Germany’s finance minister, Christian Lindner, was blunt in stating that a total phase-out of the combustion engine in Europe was “a mistake and that the German government would not agree to a ban”, adding that “there will continue to be niches for combustion engines”. Perhaps here, in diversity, lies the key to the solution.
While electrification is a laudable goal, given the massive increase in electric car sales and the expected production volumes, other factors have to be considered and remain unresolved. According to a study by Volvo, the production of an electric car generates 70% more emissions than its internal combustion engine equivalent. Taking into account the sources of current global energy production, an electric car would need to travel more than 100,000 kilometres to achieve parity with a petrol-powered car.
From the manufacture of batteries to their recycling, from the techniques used to extract the rare metals that are used – highly harmful to the environment – to the infrastructure of recharging points, which is insufficient and impractical for the majority of the population who do not live in a house with a garage. If you want clean energy, you have to ask yourself how this energy is produced and whether it is affordable for the consumer.
In addition, the high prices of electric vehicles are compounded by taxation, which in some countries has already put the price of charging an electric vehicle on a par with the price of filling up with petrol or diesel, thus hindering the long-term amortisation of the high purchase price of electric vehicles compared to internal combustion vehicles. A set of challenges to which solutions can be found, provided that we do not assume that electrification is the only option, to the detriment of innovation in other sectors that can ensure that the energy transition, undoubtedly necessary, is inclusive and accessible rather than exclusive and unaffordable.
11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for Android or iOS and join the revolution!
Is it possible to stop global warming? For nearly a decade, Project Drawdown has insisted that this is not a utopia if the right measures are taken to stop the build-up of greenhouse gases in the atmosphere.
With greenhouse gas emissions reaching record highs in the past decade, the pace of global warming has intensified. Temperatures are rising at a rate of almost 0.2°C per decade. Worse still, it could rise by a further 1.5°C between 2030 and 2052, according to a UN report.
In this context, the publication in 2017 of the book ‘Drawdown’ generated a huge media echo. With nearly a hundred proposals, it was the most comprehensive plan to reverse global warming to date. The title referred to that desired future moment when the levels of greenhouse gases in the atmosphere stop rising and begin a gradual decline that avoids catastrophic consequences.
The book’s editorial team continued to advance their proposals to reach that “crucial point for life on Earth; a point we must reach as quickly, safely and equitably as possible”, as detailed on their website. In 2020 they published “The Drawdown Report”, which updates their proposals and sets out a series of fundamental reflections on climate balance.
A reference report
Its solutions place particular emphasis on the areas of energy, industry, food, transport and construction, which account for 90% of greenhouse gas emissions. The proposals, which are intended to serve as a starting point for legislators, institutions and individuals, are based on ten key ideas that should guide humanity’s efforts to avert environmental disaster.
- It is possible to reach the drawdown point by mid-century. Yes, despite the difficulties, it is possible to halt emissions growth, but this requires maximising the climate solutions available today. As the report warns, “available is better than new, and society is ready to start such a transformation today”.
- A comprehensive system of solutions is needed. There is no single, miracle cure for a problem as complex as the climate crisis. Many of the solutions can be combined and made to feedback on each other for the most significant possible impact. For example, efficient buildings make renewable electricity generation more viable.
- Solutions rarely have only one climate impact. Many of them can generate employment, improve resilience to climate impacts such as storms and droughts, and provide other environmental benefits such as the preservation of water resources.
- The savings from climate solutions significantly outweigh the costs. Arguments about the lack of economic viability of climate action are false. The report estimates that net operational savings are four to five times the net implementation costs. And if we take into account the financial value of the associated benefits, such as savings in health services through reduced pollution, and avoided climate damage, such as reduced agricultural losses, the economic case is even stronger.
- It is essential to promote solutions that reduce or replace the use of fossil fuels. The use of fossil fuels for electricity, transport and heating generates two-thirds of the world’s heat-trapping gas emissions. Hence the importance of this section. Approximately 30% of the solutions proposed in the report calls for a reduction in the use of fossil fuels through increased efficiency and almost another 30% propose alternatives. These measures, which range from boosting solar and wind energy to retrofitting buildings, can provide almost two-thirds of the emission reductions needed to reach the drawdown point.
- Nature’s carbon sinks must be encouraged. If we want to prevent the water in a bathtub from overflowing, we can turn off the tap, but we can also remove the stopper so that the liquid goes down the drain. A similar thing happens with carbon in nature. Human activities can enhance natural carbon sinks, and many ecosystem-based or agriculture-related climate solutions have the dual benefit of reducing emissions and sequestering carbon.
- More attention should be paid to some of the most impactful climate solutions. The report warns that beyond onshore wind turbines and industrial-scale photovoltaic plants, progress is needed in areas such as reducing food waste and improving the disposal of chemical refrigerants, which are potent greenhouse gases.
- Accelerators are needed to drive solutions at the scale, speed and scope required. Some accelerators, such as policy change and capital displacement, are closer to home and have more direct impacts. Others, such as cultural change and political empowerment, are more distant and indirect in their effects.
- Changes must be made at all levels, from the individual to the global. The climate crisis requires systemic and structural changes in our society. Interventions are needed at the individual, community, organisational, regional, national and global levels to maximise benefits and achieve transformation.
- Much commitment, collaboration and ingenuity will be needed to reverse the current situation. The report warns that “the path we are on is far more than risky, and it is easy to feel paralysed by that danger”. However, it also stresses that change is possible: “together we can build a bridge from where we are now to the world we want” for generations to come.
If you want to wash your clothes without polluting the planet, 11Onze Recommends Natulim.
French NGOs are suing BNP Paribas bank for failing to meet its commitments to fight the climate emergency and to demand that it stops investing in fossil fuels. It is the first legal action of its kind against a commercial bank.
Les Amis de la Terre, Notre Affaire à Tous and Oxfam France have filed a lawsuit against BNP Paribas in a Paris court to demand that it honours its climate change commitments and stops investing in fossil fuels. It is the first legal action of its kind against a European commercial bank.
The lawsuit is based on 2017 French legislation, which requires large companies based in France, or international corporations with a significant presence in the country, to establish clear measures to prevent human rights violations and environmental damage.
Activists accuse BNP Paribas of financing fossil fuels and supporting companies that aggressively develop new oil and gas fields and infrastructure, while urging the financial institution to adopt an exit plan from its current portfolio based on hydrocarbon loans and investments.
In a statement released in January, the bank insisted on its commitment to economic sustainability and support for the goal of achieving climate neutrality by 2050. It stresses that, to date, more than half of its financing for energy production is oriented towards low-carbon energies.
Spanish banks are not doing their homework
The International Institute for Law and Environment (IIDMA) has repeatedly warned that major Spanish banks are not fulfilling their obligation to report on the environmental impact of their financial activities, as required by the law on the Commercial Code since 2018.
In the latest report published by the Institute in November 2022, it analyses the degree of compliance of Bankinter, Banco Sabadell, Banco Santander and CaixaBank. Although the IIDMA recognises that progress has been made in terms of transparency, it also warns that the main Spanish banks continue to omit relevant information on the environmental impact of their financial operations.
Specifically, it notes that Spanish banks do not disclose data on greenhouse gas emissions attributable to their financial products, as well as their exposure to climate change-related risks. While banks reaffirm their commitment to decarbonising their customer portfolios, the study points to shortcomings in identifying and reducing their exposure to the most carbon-intensive sectors.
11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for Android or iOS and join the revolution!
If you liked this article, we recommend you read:
Urban mining, which consists of recovering and reusing the metals present in vehicles, engines, domestic appliances, batteries and electronic devices, could cover all our needs for metals such as gold and copper, without the need to open new mines. Many irregular immigrants, some 50,000 in Barcelona, survive thanks to this activity in precarious conditions.
The high demand for some metals is leading to the opening of new mines, which are not very sustainable from an environmental point of view. In fact, traditional mining generates 150 billion tonnes of tailings and 12 billion tonnes of sludge every year in the European Union. An alternative would be to promote urban mining. It is estimated that, in addition to minimising waste generation, the measure would reduce groundwater pollution by 76% and water consumption by 40%.
Despite the increase in demand forecast for the coming decades, a report by Ecologists in Action warns that urban mining would be enough to cover 100% of the needs for metals such as gold and copper, and more than half of those for neodymium and nickel. In the case of cobalt and lithium, for which demand is growing exponentially, recovery would cover 8.3% and 2.7% respectively. However, much of these metals end up wasted in landfills.
Unpaid and unrecognised
Despite the fact that gold is 100 times more concentrated in a mobile phone than in higher-grade mines, the recovery of metals like this is held back by economics: under current legislation, it is cheaper to extract them from mines than to recover them from discarded devices. And part of the process is often done informally.
In Barcelona alone, there may be more than 50,000 people who spend long days every day collecting metal parts, as Federico Demaria, professor of ecological economics and political ecology at the University of Barcelona, explains. In many cases, they are sub-Saharans without papers who cannot regularise their situation. In fact, 1 March is celebrated as World Waste Pickers’ Day because of the service they provide to the environment and to society in a precarious way. Without them, much of the scrap metal would end up in landfills.
Unlike some private companies that are paid by the government to collect, transport and recycle these materials, these informal recyclers contribute to the circular economy without any support. They simply collect the metal material from flats and premises under construction, or what they find on the street, and sell it to small legalised scrap metal dealers. These in turn channel it to the established recycling industry, which is worth billions of euros.
A precarious life
A study by the Catalan Recovery Guild estimates that of the more than half a million tonnes of metal waste recovered in Catalonia in 2013, at least a fifth was collected by informal recyclers.
A few years ago, Barcelona City Council promoted the creation of Alencop, a pioneering cooperative that regularised the situation of some thirty of these informal recyclers. Although this initiative had to close its doors as a result of the pandemic, part of its staff joined a private non-profit company called Andròmines.
These employees can be considered privileged among a group of waste pickers who are surviving on the streets of Barcelona. And the situation could get worse for many of them because of their lack of visibility. It should not be forgotten that there are huge economic interests in the recycling industry. The waste management companies, most of them private and with subcontracted workforces, can make a move to make the collection model even more in line with their interests and push informal waste pickers even further to the margins.
If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy at the best price the safe-haven asset par excellence: physical gold.
Artificial intelligence facilitates the fulfilment of 79% of the sustainable development goals set globally in the 2030 Agenda. We analyse a Nature Communications’ study to find out why this figure has been reached and from which areas it will be achieved.
What is artificial intelligence (AI)?
Although there is no single way to describe it, an accurate way is the one described by Britannica, understanding AI as the ability of a digital computer or robot to perform tasks that require human intelligence. In other words, taking advantage of technological tools to optimise human tasks and, at the same time, achieve challenges that until now seemed impossible. Social and economic development cannot be understood without these AI mechanisms that, today, already mark our daily lives. Facial, fingerprint and voice recognition, weather forecasting, interactive communication with machines, automated knowledge extraction and logical reasoning are some of the achievements that will undoubtedly mark this century. The focus, and the challenge, is to create and use this technology to contribute to sustainable development on a global scale.
The three pillars of sustainable development
Society, economy and environment form the basis for understanding today’s world and are therefore the key points for developing strategic actions. The Objetivos de Desarrollo Sostenible (ODS), have been created from these three pillars. 17 goals and 169 targets shape the present and future challenges on a global scale to keep technological advances at bay and ensure that every step contributes positively to social progress.
The 169 goals address all areas such as poverty, quality education, access to food, health and water for the population, clean and affordable energy and the creation of sustainable cities. The Nature Communications’ study, based on more than 60 sources, finds that the right AI development can have a positive impact on 134 of these goals, 79%. The uses of AI are multiple and we find them represented in most everyday actions.
AI to reduce social inequalities
Technology is opening up to reach all pockets, also from an economic point of view. Today, using AI through our smartphones is part of our routine. Voice, touch and fingerprint recognition, device localisation, connectivity… AI tools are being incorporated at full speed to simplify the user experience and make technology accessible to everyone. The aim is to reduce the digital divide.
But AI goes further and seeks to create inclusion mechanisms for certain groups. One example is tools such as Google Lookout or Microsoft Seeing AI that facilitate the perception of the environment for blind people thanks to the identification of objects, people or text.
At home, applications such as the Localizador de la Fundació Arrels use technology as a way to care for groups at risk of social exclusion, in this case focused on supporting homeless people. Another example is the Refugee Aid App, which provides migrants with the location of NGOs, social and humanitarian aid centres where they can be assisted.
This is one of the key points of AI, favouring interconnection between users from all over the world and facilitating the creation of meeting spaces from which to collectively tackle egalitarian and inclusive social development. Technology provides the platform, but it is the citizens who have to take action.
AI for a circular economy
In terms of sustainable development, the concept of a circular economy is emerging, in which production is aligned with the life cycle of products and moves away from the traditional system based on buy, use and throw away. AI encourages this system based on the simplest everyday actions. Beyond connecting brands and consumers, digital platforms encourage the exchange of second-hand products and, from the digital environment, a trend has been created based on reusing products and promoting DIY.
The industry is also joining production based on the 7Rs, and it is doing so in many different ways. Machines are put at the service of the environment to carry out production based on recycled materials, from tyres to making roads to clothing. The technology is also reaching into means of transport, which are increasingly sustainable and encourage co-operation over private ownership.
In the area of wealth generation, AI is also key in the business sector in terms of efficiency and process optimisation, as well as in the recruitment process. From bringing companies and job seekers together to creating automated talent selection processes. Along the same lines, investment companies such as Circularity Capital connect, through applications, investment and sustainable projects. The business fabric is adapting to environmental needs with technology as its main ally.
AI in the environment: technology to understand the world
With the aim of environmental preservation, platforms have been created that use data analysis to identify species at risk of extinction, prevent desertification in at-risk areas or favour the maintenance of forests. For a more everyday use, there are applications that encourage the consumption of seasonal food, promote local commerce or encourage sustainable consumption of fish, without forgetting the weather forecast that is key in the maritime or outdoor sectors.
At the same time, from our mobile and thanks to AI, we can calculate air quality in real time, greenhouse gas emissions or the carbon footprint we generate on a daily basis. All facilities that demonstrate that leading a sustainable lifestyle is just a click away.
Technology allows us to understand and know what is happening all over the planet, and even on other planets. The applications created through AI extend to all areas and a global vision is positive: we are managing to create a type of technology that makes life easier for humans and, above all, that strives for sustainable development, thinking in terms of the community. The real challenge in this matter, which the study emphasises, is to ensure that the creation and maintenance of this technology does not have a negative impact on the planet. AI can favour sustainable development, but this will only be achieved if the process of achieving it is also environmentally friendly.
11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for Android or iOS and join the revolution!
If you liked this article, we recommend:
According to data from the National Securities Market Commission (CNMV), banks have stakes in up to 174 companies in the energy sector. The percentage of shares held by these financial institutions ensures that they have decision-making powers on Boards of Directors and Shareholders’ Meetings.
Large banking institutions have stakes in many energy companies through shares or directorships in key management positions, which allows them to influence the management of these companies and the way in which the management of the energy transition takes shape.
CaixaBank is one of the most active banks in this sector, participating in companies such as Naturgy and TotalEnergies. In the case of Naturgy, CaixaBank was a majority shareholder of Repsol until 2019. The financial institution maintains its control over these companies through CriteriaCaixa and has directors in key positions in the energy companies.
For its part, Bankia also has members on the boards of Red Eléctrica de España, while Banco Santander has stakes in companies such as Endesa in Chile, Técnicas Reunidas and ENCE Energía & Celulosa. Banco Sabadell also has a significant presence in the energy sector, with board members in Repsol, ENCE Energía & Celulosa and Enagas.
Conflict of interest
Bearing in mind that the energy crisis has sent the price of energy soaring and, therefore, the profits of these companies – big banks and the main energy companies have accumulated more than 64,000 in profits during the three years of pandemic and inflationary crisis – it is difficult to justify those who are allergic to public intervention in these economic sectors.
It is interesting that the same actors opposed to government intervention seem to have no problem in perpetuating and justifying the revolving doors. A profitable business, which, by signing former presidents and ministers onto the boards of banks and energy companies, has facilitated the electricity oligopoly in the Spanish energy market, preserving price manipulation at the expense of the consumer, and with extraordinary profits for these two sectors of the economy.
The solutions to the problems arising from the conflict of interests of the shareholders of these companies cannot be limited to one-off tax impositions on the financial and energy sectors after they have made extraordinary profits. If we want to eliminate the problem outright, perhaps we would do well to ask ourselves what is being paid for when a politician, with no relevant education or experience, is hired for a position in a bank or electricity company.
11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for Android or iOS and join the revolution!
Business and political leaders attending the annual meeting of the World Economic Forum are used to making grandiose statements about their commitment to the fight against climate change. Xavi Viñolas, editor of 11Onze, visits the Energia programme to analyse whether there is substance behind the official rhetoric.
One of the main criticisms of the WEF is that it is a meeting of the global elite, more interested in networking and promoting their own interests than in taking concrete action to address the world’s problems. This is especially true of the fight against climate change.
This year’s summit confirms this trend with many words but only some concrete actions. As Viñolas explains, “on the one hand, they are slapping ExxonMobil on the wrist for hiding reports that confirm the link between hydrocarbons and climate change, while on the other, they are doing everything they can to increase the profits of companies involved in the exploitation of fossil fuels”.
The “green war” has little green in it
What some are already calling the “green war” between the United States and the European Union as a result of the subsidies to encourage the purchase of electric cars announced by the American giant has little to do with the fight against climate change or promoting energy transition. “In reality, there is a commercial, economic and geopolitical background to the US trade war against China,” says the 11Onze editor.
This is a perfect example of protectionism through subsidies to prevent China from taking a big slice of the electric car production pie, which is why these subsidies are linked to these zero-emission vehicles being made in the United States. The European Union’s response has been swift, announcing the creation of a sovereign wealth fund to counteract the effect of the American subsidy law.
The leaders of the Davos forum tell us that this is a race to see who can do the most to promote the energy transition, but the truth is that this race is more about protecting their economic interests than advancing the chimaera of which they boast about.
If you want to discover how to drink the best water, save money and help the planet, go to 11Onze Essentials.
The rise in electricity prices has triggered interest in photovoltaic self-consumption, which has been proven to be the best option to avoid high energy costs. In this episode of La Plaça, we discuss the increase in demand for solar panels with Raúl Rodríguez, Managing Director of the Federation of Installers’ Guilds of Catalonia (FEGICAT).
The growing trend of individuals and businesses generating their own electricity using solar panels has led to a doubling of installed capacity in the last 12 months. This increase in demand has been driven mainly by two factors: on the one hand, the falling costs of photovoltaic technologies and, on the other hand, inflation, which has particularly affected energy prices.
The high interest in installing solar panels, reducing reliance on the traditional electricity supply system, has meant that businesses in the sector are unable to cope with the increased demand. The lack of qualified personnel aggravates the situation, as Rodríguez explains, “the sector is in a position to incorporate, immediately, 18,000 workers”.
Matching supply with labour demand
The challenge of the energy transition and achieving carbon neutrality by 2050, as requested by the European Union, means that in Catalonia “we will need 170,000 workers in the sector”, Rodríguez points out, and continues, “we are talking about minimum salaries of 1,500 euros per month in 14 payments and with an impressive future projection”.
“This is a competitive opportunity for the country, as long as we know how to take advantage of it”, the Managing Director of FEGICAT warns of the need to balance the market with qualified labour, promoting the training of new professionals. An opportunity for the country in which the public administration has to play a fundamental role, in avoiding red tape, promoting training and increasing tax incentives.
11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for Android or iOS and join the revolution!
The energy transition to renewable energy sources will be key to avoiding the worst effects of climate change. However, there are certain players in the economic world who have a vested interest in slowing down this transition. Toni Mata, Content and Media Director of 11Onze analyses this in a new edition of Energia.
It is no secret that the fossil fuel industry has much to gain from maintaining the status quo of our dependence on hydrocarbons. The industry’s lobbying against renewable energy policies and its disinformation campaigns are well known.
It has recently come to light that one of the world’s largest oil companies, ExxonMobil, has known since the late 1970s that burning fossil fuels would cause climate change. As Mata points out, “those reports were hidden in order to continue making money, while in public they said that climate change was an invention”.
Energy companies and banking
Some energy companies have been criticised for not investing enough in renewable energy and for opposing policies that would encourage the transition. Bearing in mind that the big banks are shareholders in 174 energy companies and that the energy crisis has pushed up the price of energy and, therefore, the profits of these companies, it is not surprising that they want to maintain their business model.
On the other hand, it is also true that there are banks and oil corporations that are investing in some of the large renewable energy projects, but as the content director explains, “it is probably more in the interest of continuing to control energy production and money than anything else”.
11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for Android or iOS and join the revolution!