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.     

Inefficiencies analysis of a point-focus CPV∕T system

In this paper, a point-focus concentrating photovoltaic and thermal (CPV∕T) system, sized for a domestic application, is presented in order to evaluate its inefficiencies and the related costs. The CPV∕T system adopts parabolic concentrator mirrors to reflect the light on triple-junction cells InGaP∕InGaAs∕Ge (indium--gallium phosphide∕indium--gallium arsenide∕germanium) placed on pipes, where the cooling fluid flows; CPV∕T system consists of three modules in parallel linked to a tank that works as hot water storage. The main maintenance problems are due to: moving parts such as the tracking system, cell wear linked to hotspot problems and optics cleaning. In particular, the model presented allows us to evaluate electric and thermal outputs, energy inefficiencies, and maintenance costs of the CPV∕T system. The analysis has been subdivided in several steps and a FMECA (Failure Mode, Effects and Criticality Analysis) approach has been considered to investigate the main failure modes and their relative effects in terms of efficiency losses and intervention costs. So, the inefficiencies analysis has allowed to identify the system malfunction causes, evaluating the impact due to the stops for each type of fault. Hence, an economic analysis has allowed to evaluate the CPV∕T system convenience when inefficiencies and maintenance incidence are also considered.     

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.     

Determinants of Farmers’ Adoption of Improved Soil Conservation Technology in a Middle Mountain Watershed of Central Nepal

This study explores different socio-economic and institutional factors influencing the adoption of improved soil conservation technology (ISCT) on Bari land (Rainfed outward sloping terraces) in the Middle Mountain region of Central Nepal. Structured questionnaire survey and focus group discussion methods were applied to collect the necessary information from farm households. The logistic regression model predicted seven factors influencing the adoption of improved soil conservation technology in the study area including years of schooling of the household head, caste of the respondent, land holding size of the Bari land, cash crop vegetable farming, family member occupation in off farm sector, membership of the Conservation and Development Groups, and use of credit. The study showed that technology dissemination through multi-sectoral type community based local groups is a good option to enhance the adoption of improved soil conservation technology in the Middle Mountain farming systems in Nepal. Planners and policy makers should formulate appropriate policies and programs considering the farmers' interest, capacity, and limitation in promoting improved soil conservation technology for greater acceptance and adoption by the farmers.     

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.     

Numerical estimation of photovoltaic–electrolyzer system performance on the basis of a weather database

We performed a numerical simulation to investigate the performance of a photovoltaic (PV)–electrolyzer on the basis of a simulated weather database during the summer solstice (SS), autumnal equinox (AE), and winter solstice (WS), and all year round. First, we selected a location in southern Taiwan (latitude: 22.65°N) to create a local weather simulation database that included daily solar radiation, wind speed, and ambient temperature. The I–V curves of a PV system and an electrolyzer were obtained numerically by using Simpson integration computation. Subsequently, the optimal configuration of a PV driving system comprising the electrolyzer and the PV panel was determined. The database of weather conditions was input into the numerical estimation model of the PV–electrolyzer system, and the hydrogen generation rates and hydrogen production volumes under both clear skies and changeable weather conditions were obtained.     

(Why) did Desertec fail? An interim analysis of a large-scale renewable energy infrastructure project from a Social Studies of Technology perspective

ABSTRACT

In 2009 the Desertec Industrial Initiative (DII) was founded by several, predominant German enterprises. The objective of DII was to organise the conditions for the realisation of the Desertec idea, which aimed to both (a) supply Europe, in a large-scale manner, with electricity produced in solar power plants in North Africa and the Arabic peninsula and (b) contribute to the self-supply of the Middle East North Africa region (MENA). Protagonists of the desert energy idea saw this megatechnic project as a starting point for a new trans-Mediterranean EU-MENA union, critics in contrast as a neo-colonial project. Disputes over the adequate interpretation and implementation of the Desertec idea broke out from the beginning. In 2014/2015, the media talked of the failure of DII and of the Desertec concept. The majority of the members left DII at the end of 2014. On the other hand, in some MENA countries renewables are playing a crucial role in securing the future of the energy sector. This paper analyses the development of DII and the Desertec idea by using concepts from Social Studies in Technology, and especially by the multi-level perspective approach in Transition Studies. It shows how the interplay of different factors, such as technological developments, entrepreneurial performances and political processes, lead to internal conflicts and the non-realisation – up to now – of related large-scale energy projects. As an important aspect of the paper, different understandings of the future of our energy supply and of North–South relations are presented in detail.     

Patronage and access to a legacy city farmers’ market: a case study of the relocation of the Flint,Michigan, market

This study examines the effects of relocating the Flint Farmers’ Market, a large and successful market in the medium-sized legacy city of Flint, Michigan. Over the course of a year, market patrons and vendors were surveyed to explore questions about the scale of the market, patron demographics, reasons for visiting the market, seasonal variations in outcomes, and healthy food access. The results indicate that the relocated, downtown market is successful in large part because it satisfies multiple needs – it provides access to fresh, local produce; it provides lunch options for downtown workers and students; and it serves as a community gathering space. The study further demonstrates that farmers’ markets in legacy cities can serve a large region, attract diverse customers, and remain sustainable year-round, even in northern climates. These findings should be of interest to planners, policy-makers, and market managers who are considering opening or relocating a farmers’ market as a means of supporting community health, well-being, and economic development.     

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.     

Dynamic characteristics of cool thermal energy storage systems—a review

Cool thermal energy storage (CTES) plays a significant role in conserving available energy, improving its utilization, and correcting the mismatch that occurs between the supply and demand of energy. It has been employed in many applications, for example, cool storage systems for air-conditioning and natural cooling of energy-efficient building. CTES is widely used in various industrial applications such as food and pharmacy processing, where large short duration loads are often required. This paper presents a review on CTES systems and characteristics. The dynamic characteristics of chilled water storage system, coil pipe cool storage system, packed bed cool storage system, gas hydrate cool storage system, and ice slurry cool storage system are analyzed and discussed. The applications of CTES system are summarized.     

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.     

Urban sustainability – a segmentation study of Greater Brisbane,Australia

Setting universal goals for sustainability is problematic and may hinder the adoption of sustainable pathways as different sectors of society often have differing opinions on not just what sustainability means for them, but also what is of priority to them. This paper tests a set of psychographic, behavioural, lifestyle and social identities to segment the public on sustainability. We evaluate general knowledge, apply social-choice tools to identify public priorities, and then apply segmentation to reveal broad strata of community profiles around these choices. We discuss our findings in the context of moving beyond knowledge on sustainability and general public choices, to more nuanced messaging and engagement that respects differences in sustainability orientations. We suggest that by focusing on what matters most for different segments of society, there is potential to design effective processes to engage with people and acquire better ownership of sustainability.