Is the convenience yield a good indicator of a commodity's supply risk?

A strong increase in the demand for some commodities over the last decade will have a major impact on their future supply situation. Of increasing importance, therefore, is an assessment of a commodity's criticality, and especially its supply risk, by appropriate indicators. The literature has proposed numerous indicators of the supply risk. Here, we use the convenience yield of commodity futures as a supply risk indicator to address some of the major shortcomings of existing indicators, especially regarding their predictive power. This paper aims to test the applicability of the convenience yield as an indicator of a commodity's future supply risk. Therefore, we calculate historical convenience yields for 3-, 15-, and 27-month futures contracts for five major industrial metals (aluminum, copper, lead, nickel, and zinc) during the period 1999 to 2011. We compare the convenience yields at the beginning of the contract period to known indicators at maturity to find that the convenience yield has generally predictive power for the static stock lifetime (i.e., inventory volume/turnover) and future spot prices. Furthermore, we find that, with some restrictions, the convenience yield is an applicable indicator of a commodity's supply risk.     

Possible Input of Nitrogen of Visitors’ Origin on a Protected Peatland

The Ozegahara peatland, in the Nikko-Oze National Park in Japan, is ecologically significant because of its oligotrophic environment; it is one of the most strictly preserved areas in the country. The isotope ratio of nitrogen (¹⁵N/¹⁴N) and carbon (¹³C/¹²C) and C/N ratio of peat moss (Sphagnum spp.) and sundew (Drosera rotundifolia) in the peatland were analyzed. The correlation of the isotope ratio with some parameters (sundew population density, number of trapped insects, water level, bog myrtle coverage, and visitor density) was investigated. The nitrogen isotope ratio of sundew showed the most significant covariation with visitor density, where sundew from lunch areas or along busy walkways showed a higher nitrogen isotope ratio. The nitrogen isotope ratio of peat moss covaried, not only with route traffic frequency but also with water level, bog myrtle coverage, and number of trapped insects by sundew, indicating that factors other than the visitor level influence the local nitrogen cycle. This study suggests that the nitrogen imported into the peatland by visitors is a principal factor to be monitored for the maintenance of the natural environment.     

Policy context as a factor of bias in the valuation of environmental goods – a dual-process theories perspective

When ecosystem services value estimates are applied in the economic assessment of environmental policies, high accuracy of these estimates is required. One of the directions in the scientific discussion on biases in stated preference (SP) valuation surveys builds on dual-process theories of judgment. The paper contributes to this literature by presenting an experiment where two types of judgment were induced via separate versus joint valuation of environmental goods. The results demonstrated that policy relevance of environmental issues, e.g. the need for conservation measures increases emotional response, causing a larger bias in the separate design as it involves ‘valuation by feeling.’ This finding suggests that the context of a specific policy, which is often the reason for conducting SP surveys, influences the answers, thereby making the results less reliable for use in cost–benefit analysis.     

Calibrating a model to 30 years of data to capture the accumulation of chloride from winter deicers in a shallow aquifer

Winter deicers are a major source of chloride contamination to shallow aquifers in northern latitudes. In the greater Chicago area of northeast Illinois, chloride has been accumulating for decades and in many places now exceeds the United States Environmental Protection Agency secondary standard of 250 mg/L. MODFLOW-NWT and MT3D-USGS were used to simulate the accumulation of chloride with 30 years of data in the shallow aquifer of Will County in northeast Illinois. This aquifer is composed of unconsolidated sediments, largely from glacial deposits, overlying a fractured dolomite bedrock. To calibrate to observed heads and chloride, the model needed refined geologic features, higher chloride concentrations on cells representing commercial or industrial lands, lower chloride concentrations on cells representing roads, and point source areas to speed chloride's emergence in the aquifer. These point sources are locally significant and could represent different anthropogenic or geologic features, such as municipal stormwater infrastructure. Future simulations indicate that chloride is not at steady state in the shallow aquifer and wells are at risk of exceeding the secondary standard if winter deicing applications are not reduced. It may take decades for the full impacts of reduced deicing rates to be observed in wells, owing to the long residence time of water in the aquifer. This transient model calibration was possible because of the 30-year dataset collected by communities and government agencies.     

Food Security: One of a Number of ‘Securities’ We Need for a Full Life: An Australian Perspective

Although agriculture in Australia is very productive, the current food supply systems in Australia fail to deliver healthy diets to all Australians and fail to protect the natural resources on which they depend. The operation of the food systems creates ‘collateral damage’ to the natural environment including biodiversity loss. In coming decades, Australia’s food supply systems will be increasingly challenged by resource price inflation and climate change. Australia exports more than half of its current agricultural production. Government and business are aiming to substantially increase production to bolster exports. This will increase pressure on agricultural resources and exacerbate ‘collateral’ damage to the environment. The Australian public have a deep and ongoing interest in a very wide range of issues associated with the food systems including the environment, health and sustainability. Food is something we require in order to live and a good diet is something we have to have to be healthy. For health over a life-time we need food security. However, we also require a range of other material goods and social arrangements in order to develop and flourish as human beings. And we need these other things to be secure over a life-time. Food is therefore one security among a range of other securities we need in order to flourish. The paper outlines a number of approaches, as examples, that help to identify what these other goods and arrangements might be. The approaches mentioned in this paper include human rights, national securities, human needs, authentic happiness, capabilities, sustainability and environmental ethics. The different approaches provide a way of evaluating the current situation and indicating a direction for change within the food systems that will address the problems. However, changing large systems such as those involved in food supply is difficult because inertias and vested interests make the current food supply systems resilient to change. The paper suggests that one of the first and ongoing tasks is to develop an understanding of the situation from a comprehensive social–ecological systems perspective. The paper also suggests that a practical leverage point for system change is restructuring the flow of information on the health, natural resources and biodiversity loss issues related to the food supply systems.     

Use of artificial roughness for performance enhancement of solar air heaters—a review

The performance characteristics of a solar air heater can effectively be improved by providing artificial roughness in the form of protrusions and dimples of various shapes, sizes, and orientations on the underside of heated surface. An extensive literature review on artificial roughness elements has been carried and the correlations developed for heat transfer and friction factor for roughened solar air collector have been discussed and presented in this paper. The performance parameter has also been computed and compared with various kinds and shapes of roughness geometries using correlations developed by various investigators. The optimum values of the roughness parameters obtained by several investigators have also been discussed.     

The Politics of Waste Incineration in Beijing: The Limits of a Top-Down Approach?

The siting of waste incinerators is often a highly contentious issue. Although most studies have focused on Western countries, municipal solid waste management has become an extremely pressing issue in China. Incineration is being strongly promoted by government officials, yet this has resulted in strong societal opposition. Through documentary analysis and in-depth stakeholder interviews, this article analyses three anti-incineration campaigns in Beijing, focusing on outcomes and campaigner strategies. Anti-incineration campaigns have partly undermined the government's top-down, non-consultative approach to waste management. In developing an ‘expert strategy’, campaigners have exploited government weakness whilst depoliticizing the issue. Yet rather than lead to a more open and consultative incineration policy, it is more likely that officials will circumvent unrest through increasing opacity and by choosing sites in locations where opposition is less likely to emerge.     

Impact of unconfined sulphur-mine waste on a semi-arid environment (Almería, SE Spain)

Thirty-five soil samples were taken from unconfined mine waste, stream sediments, and surfaces unoccupied by mining and presumably unaffected by it, in a sulphur-mining zone surrounded by carbonate material and characterized by a semi-arid climate with short torrential storms. These samples were analysed and the results compared to estimate the spread of pollution in the landscape and to assess potential environmental risk. The mean concentrations of S, Zn, Cd, Pb, and As in mine waste were between 3.5-fold (As) and 50-fold (S) greater than unaffected soils. Oxidation of S led to a sharp drop in pH, strong weathering of minerals, and solubilisation of the constituent elements, forming a toxic acidic mine drainage with highly concentrated pollutants that were discharged into the drainage channels. Successive acid mine drainage into the soil on the valley floor spreads acidification and pollution downstream. The high carbonate content in surrounding soils played an important role in the increase of the pH and precipitation of S, Pb, and Al of the affected soils. Meanwhile, high mobility of Zn, Cd and As under basic conditions and a low Fe concentration explain the broad spread of these elements, as high concentrations were detected in soil more than 2000 m from the source. Only the soil solutions from near the waste dump (first 500 m) were highly phytotoxic, and moderately phytotoxic from 500 to 1500 m away. The concentration of pollutants in the leachates was clearly higher than in soil solutions, even in the soils located over 2000 m from the source, implying that the size of the polluted area will increase with time.     

Can ISO 14063 be a tool to plan the environmental communication strategy of a territorial area?

Over the past two decades, communication on environmental values, actions and performance has become an essential activity of organisations, because of the increased public concern and legislation related to the environment.

Stakeholders put pressure on companies to take environmental responsibility. In this framework, an effective environmental communication can generate value-added on companies' environmental work, and consequently, their competitiveness and profitability can benefit from communicating their environmental responsibility.

In 2006, the International Organization for Standardization (ISO) launched a standard for environmental communication, ISO 14063. ISO 14063 should not be used for third-party certification purposes. Instead, it is intended to be used as a guideline and support companies to ensure successful environmental communication. The aim of this paper is to prompt a discussion about the applicability of the standard ISO 14063 not only to single organisations but as a tool to plan the environmental communication strategy of a whole territorial area. This is achieved by performing a case study relating to the Interreg IVC-funded project “Progresland”. The project involved three Italian and one Spanish natural areas and demonstrated that ISO 14063 could be a valid support to define and implement an environmental communication plan for a territorial area.     

The Design of a New Energy-conservation Type Solar-powered Lighting System Using a High‐pressure Sodium Lamp

This study designs and applies a new energy-conservation type solar-powered lighting system using a high-pressure sodium lamp to areas not having any utility company's electricity. The proposed system uses a zero-voltage-switching (ZVS) DC/DC converter in the batteries’ charge circuit to reduce the switching loss for a higher charging efficiency. Said system also adopts the maximum power point tracking (MPPT) technique to maximize the solar panels’ photovoltaic conversion capability. When dark, the batteries in the proposed system will discharge, with a raised voltage, through a push-pull DC/DC converter; said voltage, as the input voltage of the series-parallel resonant inverter, will be regulated to dim the lamp. To enable the efficient usage of the batteries’ stored energy capacity, this control scheme of the proposed system may adjust the night-time discharge time lengths, according to season difference, and compute the usable capacity for the load, according to the batteries’ charged voltage, so as to select a suitable pre-scheduled light-dimming curve for the lamp to achieve energy conservation for the batteries and continuity in lighting when dark.     

The Idea of “Ethical Accounting” for a Livestock Farm

This paper presents the idea of a decision-support system for a livestock farm, called “ethical accounting”, to be used as an extension of traditional cost accounting. “Ethical accounting” seeks to make available to the farmer information about how his decisions affect the interests of farm animals, consumers and future generations. Furthermore, “ethical accounting” involves value-based planning. Thus, the farmer should base his choice of production plan on reflections as to his fundamental objectives, and he should make his final decision only after having seriously considered the various consequences for the affected parties. This revised version was published online in August 2006 with corrections to the Cover Date.     

Is there a correct way of establishing sustainability indicators? The case of sustainability indicator development on the Island of Guernsey

Abstract

The popularity of sustainability indicators is almost inescapable. From the early pioneers such as the ‘Sustainable Seattle’ project (Atkisson, ‘Developing Indicators of a Sustainable Community: lessons from Sustainable Seattle’, in: D. Satterthwaite (Ed), The Earthscan Reader in Sustainable Cities, London, Earthscan, 1996) to the comprehensive European Union benchmarking launched in 2003 (European Commission, European Common Indicators: towards a local sustainability profile, Milan, Ambiente Italia, 2003), it seems that consensus has been reached about the positive impacts that establishing sustainability indicators can bring. This paper uses the case of developing sustainability indicators on the Island of Guernsey over the last three years to show that Agenda 21's call to activate grassroots action is being realised, but in ways that are neither top-down and modernist in approach nor bottom-up and postmodernist as Agenda 21 advocates. Although best practice literature often suggests that community involvement must be engaged prior to designing sustainability indicators, this paper explores the reasons why this is not always possible. Guernsey's case is used to show how it only became possible to generate interest in the indicator process once they were actually up and running. However, it also shows that once interest was secured by a few relevant stakeholders it became possible to further evolve the indicators in a process that has slowly been attracting more and more of the Island's community.     

A Critique of FAWC’s Five Freedoms as a Framework for the Analysis of Animal Welfare

The Brambell Report of 1965 recommended that animals should have the freedom to stand up, lie down, turn around, groom themselves and stretch their limbs. The Farm Animal Welfare Council (FAWC) developed these into the Five Freedoms, which are a framework for the analysis of animal welfare. The Five Freedoms are well known in farming, policy making and academic circles. They form the basis of much animal welfare legislation, codes of recommendations and farm animal welfare accreditation schemes, and are the foundation of the Welfare Quality^® assessment scheme. The Five Freedoms are also extensively employed for the education of veterinary and animal welfare science students. Hence they have proven to be of great practical utility. In this paper, the Five Freedoms framework is examined in terms of necessary and sufficient conditions for the analysis of animal welfare. Overall, the Five Freedoms are judged to be individually necessary and jointly sufficient as a framework for the analysis of animal welfare. FAWC has recently criticized the Five Freedoms for concentrating on negative aspects of welfare. However, it is shown here how the satisfaction of the Five Freedoms should lead to good welfare, from the animal’s point of view. The Five Freedoms are formulated as ideals of animal welfare. This has significant advantages that have likely contributed to their impact. However, the ideality of the Five Freedoms means that the framework is without power to determine what a satisfactory level of animal welfare is, in an ethical sense.     

Modes of governing Canadian waste management: a case study of Metro Vancouver’s energy-from-waste controversy

Managing municipal solid waste is a pressing environmental and political concern for Canadian municipalities who bear the primary responsibility for waste management (WM). In 2015, Metro Vancouver’s (MV’s) plans to expand their capacity to expand their WM capacity with energy-from-waste technology was abandoned, despite shrinking landfill space and persistent public opposition to new landfills. Using Bulkeley et al.’s [(2005). Governing municipal waste: towards a new analytical framework. Journal of Environmental Policy and Planning, 7(1), 1–23. doi:10.1080/15239080500251700] ‘modes of governing framework’, we analyse MV’s failed attempt to expand their energy-from-waste capacity to better understand the challenges associated with governing WM in Canada. We argue that a history of downloading responsibility for WM to municipalities, regional districts, and industry has fragmented WM governance, posing a challenge for developing new waste infrastructure. We find that this localization of responsibility is incompatible with contemporary WM challenges. The scalar mismatch between waste’s material impacts and the scale at which waste is managed has resulted in co-dependence and conflict between putatively independent municipalities, regional districts, and private companies. This inhibits higher-level WM coordination while the autonomy of individual municipalities is simultaneously undermined.     

An Eco-balance of a Recycling Plant for Spent Lead–Acid Batteries

This study applies Life Cycle Assessment (LCA) methodology to present an eco-balance of a recycling plant that treats spent lead–acid batteries. The recycling plant uses pyrometallurgical treatment to obtain lead from spent batteries. The application of LCA methodology (ISO 14040 series) enabled us to assess the potential environmental impacts arising from the recycling plants operations. Thus, net emissions of greenhouse gases as well as other major environmental consequences were examined and hot spots inside the recycling plant were identified. A sensitivity analysis was also performed on certain variables to evaluate their effect on the LCA study. The LCA of a recycling plant for spent lead–acid batteries presented shows that this methodology allows all of the major environmental consequences associated with lead recycling using the pyrometallurgical process to be examined. The study highlights areas in which environmental improvements are easily achievable by a business, providing a basis for suggestions to minimize the environmental impact of its production phases, improving process and company performance in environmental terms.     

Is animal welfare a central issue for consumers of luxury goods?

The compatibility between luxury and sustainable development has been increasingly examined in recent literature, but a number of ethical issues remain unexplored. One such concern is animal welfare, a recurrent question in the luxury goods sector. This is one of the first research articles to shed light on this subject, utilising two studies, one qualitative and the other quantitative with conjoint analysis, conducted among 12 and 253 French consumers, respectively. The results reveal that consumers are sensitive to the challenge of animal welfare in luxury, but fall into two different groups. Some have a preference for animal‐based raw materials sourced from livestock farms that respect animal welfare, whilst others are more favourable to the use of synthetic raw materials. In particular, the results show that the use of synthetic raw materials is accepted by some consumers but can lead to a reduction in the perceived value of luxury products.     

Green energy generation through PEHF – a blueprint of alternate energy harvesting

In this work, an attempt has been made to harvest green energy from piezoelectric material using fluid flow in a conduit. Piezoelectric Energy Harvesting using Fluid Flow (PEHF) experimental model has been designed and the outputs obtained are compared with results obtained from simulations using ANSYS (computational fluid dynamics) and also with the mathematical modeling. The PEHF model has been utilized to analyze the effect of flow rate of water with reference to energy extracted. The full wave bridge rectifier and voltage doubler circuits have been used to obtain the direct current (DC) from the PEHF model. It is observed that the output obtained using experiments holds good in agreement with the results retrieved through simulations and mathematical results. The increase in flow rate of fluid leads to initially increase and then decrease in output of PEHF model as the maximum energy generated when flow rates (external force) matches with the frequency of excitation of the systems, i.e., at its resonance. The maximum energy output is generated at its resonance frequencies. It is observed that the full wave bridge rectifier circuit gives greater output as compared to a voltage doubler circuit.     

Barriers and enablers of local adaptive measures: a case study of Bengaluru’s informal settlement dwellers

ABSTRACT

Cities, with their increasing populations, are host to a range of issues including non-climatic factors due to the prevailing development paradigm, discriminatory urbanisation patterns, and weak governance structures. Climate change poses an additional challenge and exacerbates existing vulnerabilities affecting cities and its people, especially the urban poor. This paper highlights the barriers and enablers to climate change-related adaptation experienced in some of Bengaluru’s informal settlements. The barriers described in the paper include economic, social, governance and information related issues that impede local actions and increase vulnerabilities. Enabling factors such as improving social and human capital, gaining formal recognition and most importantly support from agencies (e.g. local government, civil societies, and community leaders), help overcome some of the barriers or challenges. Hence, local level adaptation measures mainstreamed with local developmental agendas help address some of the structural causes of vulnerability. Contextual policies and interventions can facilitate successful local level adaptation measures.     

Determining Visitors’ Dispositions Toward the Designation of a Greek National Park

This article presents the findings of the first major visitor survey conducted at the Central Rhodope Mountain Complex, situated in northern Greece. The study area is one of a number of sites planned to become National Parks under a recent initiative of the Greek government. We used a logistic regression method to define significant predictors of visitors’ awareness and attitude toward park designation, as well as their willingness to pay a conditional entrance fee. Study findings demonstrated that the probability of being aware of the park designation initiative is higher for visitors who obtained information from travel agencies or media to make their destination choice, compared to visitors who resorted to word-of-mouth recommendations. Knowledge and attitudes toward animals living in the study area revealed a limited influence on visitors’ dispositions toward park designation. The results of this study call for action to implement education programs for National Park users. These programs should aim at rendering the environmental characteristics of the Central Rhodope Mountain Complex to be significant predictors of visitors’ dispositions toward the study area. This would favor its uniqueness as a destination, as well as contribute to its long-term economic sustainability.