Spillovers from global economic policy uncertainty and oil price volatility to the volatility of stock markets of oil importers and exporters

Economic policy uncertainty generally tends to induce a pessimistic view of future market behaviour. Furthermore, instabilities in global oil prices have serious implications for the economies of oil exporters and importers, due to their over-dependence on crude oil for revenue and production activities, respectively, and thereby on stock market indices. Against limited empirical evidence, this study examines the spillover effects from global economic policy uncertainty (GEPU) and oil price volatility to the volatility of the stock market indices of oil exporters and importers in both developed and emerging economies. The results show that the spillover effect from GEPU to oil exporters is relatively smaller than to oil importers, for both developed and emerging countries. Conversely, the volatility spillovers from oil prices to oil exporters are relatively larger than to oil importers, for both developed and emerging countries. Specifically, the volatility spillovers from oil prices to oil exporters (importers) in emerging countries are relatively stronger compared to oil exporters (importers) in developed countries. The findings indicate that the volatility of the stock markets of emerging countries is more sensitive to global factors such as GEPU and oil price volatility, and that oil exporters and importers in emerging economies are more sensitive to oil price volatility than oil exporters and importers in developed economies, which is in line with previous studies.

     

Volatility connectedness of GCC stock markets: how global oil price volatility drives volatility spillover in GCC stock markets?

Environmental Science and Pollution Research - The study investigated the volatility connectedness of GCC stock market return and S&P global oil index returns using Diebold and Yilmaz...     

COVID-19 fear and volatility index movements: empirical insights from ASEAN stock markets

Environmental Science and Pollution Research - This research aims to look into the effect of COVID-19 on emerging stock markets in seven of the Association of Southeast Asian Nations’...     

Assessment of the safety of dietary fish oil supplements in terms of content and quality

Environmental Science and Pollution Research - The fatty acid composition of top-selling fish oil dietary supplements in the markets was compared with the content stated on product label, and their...     

The impact of crude oil prices on Chinese stock markets and selected sectors: evidence from the VAR-DCC-GARCH model

Environmental Science and Pollution Research - The interaction between oil and stock market returns is one of the most important relationships that have a significant influence on the economy of...     

Climate change,future Arctic Sea ice,and the competitiveness of European Arctic offshore oil and gas production on world markets

A significant share of the world’s undiscovered oil and natural gas resources are assumed to lie under the seabed of the Arctic Ocean. Up until now, the exploitation of the resources especially under the European Arctic has largely been prevented by the challenges posed by sea ice coverage, harsh weather conditions, darkness, remoteness of the fields, and lack of infrastructure. Gradual warming has, however, improved the accessibility of the Arctic Ocean. We show for the most resource-abundant European Arctic Seas whether and how a climate induced reduction in sea ice might impact future accessibility of offshore natural gas and crude oil resources. Based on this analysis we show for a number of illustrative but representative locations which technology options exist based on a cost-minimization assessment. We find that under current hydrocarbon prices, oil and gas from the European offshore Arctic is not competitive on world markets.     

Evolution in mitigation approaches for petroleum oil-polluted environment: recent advances and future directions

Environmental Science and Pollution Research - Increasing petroleum consumption and a rise in incidental oil spillages have become global concerns owing to their aquatic and terrestrial toxicity....     

Modelling the symmetrical and asymmetrical effects of global oil prices on local food prices: A MENA region application

Environmental Science and Pollution Research - This paper explores the complex nexus between the global oil prices and the food prices of the Middle East and North Africa (MENA) region during the...     

Fueling global fishing fleets

Over the course of the 20th century, fossil fuels became the dominant energy input to most of the world's fisheries. Although various analyses have quantified fuel inputs to individual fisheries, to date, no attempt has been made to quantify the global scale and to map the distribution of fuel consumed by fisheries. By integrating data representing more than 250 fisheries from around the world with spatially resolved catch statistics for 2000, we calculate that globally, fisheries burned almost 50 billion L of fuel in the process of landing just over 80 million t of marine fish and invertebrates for an average rate of 620 L t(-1). Consequently, fisheries account for about 1.2% of global oil consumption, an amount equivalent to that burned by the Netherlands, the 18th-ranked oil consuming country globally, and directly emit more than 130 million t of CO2 into the atmosphere. From an efficiency perspective, the energy content of the fuel burned by global fisheries is 12.5 times greater than the edible-protein energy content of the resulting catch.     

激光类全新耗材和再生耗材对环境影响的生命周期评价

以激光类打印耗材——TN350为例,应用生命周期评价方法,对全新TN350和再生TN350进行生命周期资源消耗与污染物排放清单分析,在此基础上进行生命周期环境影响评价。重点考虑6种环境影响类型：全球变暖、酸化、富营养化、光化学臭氧、固体废弃物、工业烟尘和粉尘。结果表明,相对于全新TN350,再生TN350的原油消耗量削...     

Economic assessment of crop damages due to air pollution: the role of quality effects

Biological research has established that air pollution can affect the yield and quality of agricultural crops. Economic assessments of crop exposure to air pollution have focused on the yield effect. This study illustrates the implications of considering crop quality effects in addition to crop yield changes for the case of O3 impacts on soybeans. An economic model of US soybean, soybean oil, and soybean meal markets is used to simulate the impacts of increased soybean yields due to reduced O3 concentrations with and without changes in soybean quality. The simulations with quality effects are richer in their distributional implications and show larger increases in economic surplus than the simulations with yield effects only.     

Multifunctional metal-organic frameworks in oil spills and associated organic pollutant remediation

The release of toxic organic compounds into the environment in an event of oil spillage is a global menace due to the potential impacts on the ecosystem. Several approaches have been employed for oil spills clean-up, with adsorption technique proven to be more promising for the total reclamation of a polluted site. Of the several adsorbents so far reported, adsorbent-based porous materials have gained attention for the reduction/total removal of different compounds in environmental remediation applications. The superior potential of mesoporous materials based on metal–organic frameworks (MOFs) against conventional adsorbents is due to their intriguing and enhanced properties. Therefore, this review presents recent development in MOF composites; methods of preparation; and their practical applications towards remediating oil spill, organic pollutants, and toxic gases in different environmental media, as well as potential materials in the possible deployment in reclaiming the polluted Niger Delta due to unabated oil spillage and gas flaring.

     

Development and verification of a screening model for surface spreading of petroleum

Overflows and leakage from aboveground storage tanks and pipelines carrying crude oil and petroleum products occur frequently. The spilled hydrocarbons pose environmental threats by contaminating the surrounding soil and the underlying ground water. Predicting the fate and transport of these chemicals is required for environmental risk assessment and for remedial measure design. The present paper discusses the formulation and application of the Oil Surface Flow Screening Model (OILSFSM) for predicting the surface flow of oil by taking into account infiltration and evaporation. Surface flow is simulated using a semi-analytical model based on the lubrication theory approximation of viscous flow. Infiltration is simulated using a version of the Green and Ampt infiltration model, which is modified to account for oil properties. Evaporation of volatile compounds is simulated using a compositional model that accounts for the changes in the fraction of each compound in the spilled oil. The coupling between surface flow, infiltration and evaporation is achieved by incorporating the infiltration and evaporation fluxes into the global continuity equation of the spilled oil. The model was verified against numerical models for infiltration and analytical models for surface flow. The verification study demonstrates the applicability of the model.     

All Fish for China?

In this paper we examine the effect of Gross Domestic Product (GDP) on the level of fish intake in China in comparison with the rest of the world. We also analyse the origin and destination of China’s seafood products in order to understand the main patterns during the last decades. The results show that in the 1961–2011 period the rate of growth of the GDP in China doubled that of other developing regions, while the daily fish intake of China increased fourfold, making China the largest fish consumer in the world. Given the size and scale of China’s role in production, consumption, and global transformation of seafood markets, China is shaping a new era of industrialization in the history of the fishing industry.     

Inorganic arsenic and trace elements in Ghanaian grain staples

A total of 549 samples of rice, maize, wheat, sorghum and millet were obtained from markets in Ghana, the EU, US and Asia. Analysis of the samples, originating from 21 countries in 5 continents, helped to establish global mean trace element concentrations in grains; thus placing the Ghanaian data within a global context. Ghanaian rice was generally low in potentially toxic elements, but high in essential nutrient elements. Arsenic concentrations in rice from US (0.22 mg/kg) and Thailand (0.15 mg/kg) were higher than in Ghanaian rice (0.11 mg/kg). Percentage inorganic arsenic content of the latter (83%) was, however, higher than for US (42%) and Thai rice (67%). Total arsenic concentration in Ghanaian maize, sorghum and millet samples (0.01 mg/kg) was an order of magnitude lower than in Ghanaian rice, indicating that a shift from rice-centric to multigrain diets could help reduce health risks posed by dietary exposure to inorganic As.     

A study on production of biodiesel using a novel solid oxide catalyst derived from waste

The issues of energy security, dwindling supply and inflating price of fossil fuel have shifted the global focus towards fuel of renewable origin. Biodiesel, having renewable origin, has exhibited great potential as substitute for fossil fuels. The most common route of biodiesel production is through transesterification of vegetable oil in presence of homogeneous acid or base or solid oxide catalyst. But, the economics of biodiesel is not competitive with respect to fossil fuel due to high cost of production. The vegetable oil waste is a potential alternative for biodiesel production, particularly when disposal of used vegetable oil has been restricted in several countries. The present study evaluates the efficacy of a low-cost solid oxide catalyst derived from eggshell (a food waste) in transesterification of vegetable oil and simulated waste vegetable oil (SWVO). The impact of thermal treatment of vegetable oil (to simulate frying operation) on transesterification using eggshell-derived solid oxide catalyst (ESSO catalyst) was also evaluated along with the effect of varying reaction parameters. The study reported that around 90 % biodiesel yield was obtained with vegetable oil at methanol/oil molar ratio of 18:1 in 3 h reaction time using 10 % ESSO catalyst. The biodiesel produced with ESSO catalyst from SWVO, thermally treated at 150 °C for 24 h, was found to conform with the biodiesel standard, but the yield was 5 % lower compared to that of the untreated oil. The utilization of waste vegetable oil along with waste eggshell as catalyst is significant for improving the overall economics of the biodiesel in the current market. The utilization of waste for societal benefit with the essence of sustainable development is the novelty of this work.     

Levels of polychlorinated biphenyls (PCB) and polychlorinated dibenzo-p-dioxins and dibenzofurans (PCDD/F) in fillets of farmed Southern Bluefin Tuna (Thunnus maccoyii)

Southern Bluefin Tuna (SBT) (Thunnus maccoyii) is the only farmed tuna species in the southern hemisphere, with production centred offshore of Port Lincoln, South Australia. SBT farming is a quota-based fishery where farmers fatten wild-caught stock for subsequent sale as fresh-chilled or frozen product, mainly to Japanese markets. Fillets from wild-caught and farmed SBT were analysed and the concentration of polychlorinated biphenyls (PCBs), polychlorinated dibenzo-p-dioxins (PCDDs) and polychlorinated dibenzofurans (PCDFs) are reported for the first time. Time of farming was separated into two periods: a typical farming period of approximately five months and an experimental scenario that involved holding (farming) these fish for an additional 12 months. WHO-PCB and WHO-PCDD/F TEQ concentrations in fillets on a fresh weight basis at the same times and over the same periods were, 0.67-1.18pg-TEQg(-1) and 0.16-0.29pg-TEQg(-1), respectively. All WHO-PCB congeners, and only three WHO-PCDD/F congeners, were found to biomagnify during farming, after blank correction. Caution should be exercised when extrapolating these results to SBT farming as a whole because of the use of varying husbandry and feeding practices employed by different companies.     

浙江省畜牧业发展的生态环境问题及其控制对策

系统地论述了浙江省畜牧业发展的生态环境问题,分析了畜禽污染的现状和趋势,提出了一整套消除畜牧公害,促进畜牧业可持续发展的对策和措施 。     

Mitigating nitrous oxide and methane emissions from soil in rice-wheat system of the Indo-Gangetic plain with nitrification and urease inhibitors

Mitigation of methane (CH4) and nitrous oxide (N2O) emissions from soil is important to reduce the global warming. Efficacy of five nitrification inhibitors, i.e. neem (Azadirachta melia) cake, thiosulphate, coated calcium carbide, neem oil coated urea and dicyandiamide (DCD) and one urease inhibitor, hydroquinone, in mitigating N2O and CH4 emissions from fertilized soil was tested in rice-wheat system in the Indo-Gangetic plains. The closed chamber technique was used for the collection of gas samples, which were analyzed using gas chromatography. Reduction in N2O emission on the application of nitrification/urease inhibitors along with urea ranged from 5% with hydroquinone to 31% with thiosulphate in rice and 7% with hydroquinone to 29% with DCD in wheat crop. The inhibitors also influenced the emission of CH4. While application of neem coated urea, coated calcium carbide, neem oil and DCD reduced the emission of CH4; hydroquinone and thiosulphate increased the emission when compared to urea alone. However, the global warming potential was lower with the inhibitors (except hydroquinone) as compared to urea alone, suggesting that these substances could be used for mitigating greenhouse gas emission from the rice-wheat systems.     

Societal implications of a changing Arctic Ocean

The Arctic Ocean is undergoing rapid change: sea ice is being lost, waters are warming, coastlines are eroding, species are moving into new areas, and more. This paper explores the many ways that a changing Arctic Ocean affects societies in the Arctic and around the world. In the Arctic, Indigenous Peoples are again seeing their food security threatened and cultural continuity in danger of disruption. Resource development is increasing as is interest in tourism and possibilities for trans-Arctic maritime trade, creating new opportunities and also new stresses. Beyond the Arctic, changes in sea ice affect mid-latitude weather, and Arctic economic opportunities may re-shape commodities and transportation markets. Rising interest in the Arctic is also raising geopolitical tensions about the region. What happens next depends in large part on the choices made within and beyond the Arctic concerning global climate change and industrial policies and Arctic ecosystems and cultures.