Emissions Trading with Shares and Coupons when Control over Discharges Is Uncertain

Two important decisions in designing markets for tradable emissions permits are whether to allow banking of permits (coupons) and whether to allow trading in entitlements to future permits (shares). Banking is predicted to reduce price instability when firms trade in a reconciliation market after the quantity of emissions has been determined. Tradable shares are a common feature in proposals for emissions trading in Canada. We conduct a laboratory experiment to investigate how bankable coupons and tradable shares affect efficiency and prices under uncertainty. Cognitive demands on the subjects are reduced by computerized advice on the optimal allocation of coupons across periods and the implied marginal values of coupons and shares. Banking, share trading, and uncertainty conditions are introduced in a complete factorial design with three observations per cell. High efficiencies are observed across all treatments. Uncertainty in the control of emissions leads to substantial price instability when banking is not allowed. Banking virtually eliminates the instability, but reduces the efficiency of the market institution. Share trading reduces trading volumes, increases price stability, and improves efficiency.     

Matches and mismatches between conservation investments and biodiversity values in the European Union

Recently, the European Commission adopted a new strategy to halt the loss of biodiversity. Member states are expected to favor a more effective collection and redistribution of European Union (EU) funds under the current Multiannual Financial Framework for 2014–2020. Because of the large spatial variation in the distribution of biodiversity and conservation needs at the continental scale, EU instruments should ensure that countries with higher biodiversity values get more funds and resources for the conservation than other countries. Using linear regressions, we assessed the association between conservation investments and biodiversity values across member states, accounting for a variety of conservation investment indicators, taxonomic groups (including groups of plants, vertebrates, and invertebrates), and indicators of biodiversity value. In general, we found clear overall associations between conservation investments and biodiversity variables. However, some countries received more or less investment than would be expected based on biodiversity values in those countries. We also found that the extensive use of birds as unique indicators of conservation effectiveness may lead to biased decisions. Our results can inform future decisions regarding funding allocation and thus improve distribution of EU conservation funds.     

天津市排污权交易评估与分析

在简要介绍天津市排污权交易试点的开展历程与现状的基础上,对天津市排污交易试点进行了评估。分析了排污交易试点过程中存在的主要问题,即排污权交易难以为环境管理服务,其执行状况与实施初衷不完全相符,基础数据的现状尚不支持交易的有效进行,交易跟踪系统尚不健全,初始排污权分配技术方法不成熟。针对以上问题,对＂十二五＂期间天津市排污交易试点开展提出了建议。     

Factors Determining the Choice of Hunting and Trading Bushmeat in the Kilombero Valley,Tanzania

Regulation of illegal bushmeat trade is a major conservation challenge in Africa. We investigated what factors are most likely to induce actors in the bushmeat trade to shift to an alternative occupation by conducting a choice experiment with 325 actors in the bushmeat trade in the Kilombero Valley, Tanzania. Specifically, we asked respondents to choose between hunting or trading bushmeat and alternative salary‐paying work, in a set of hypothetical scenarios where the attributes of these alternatives were varied and included measures of command and control, price of substitute meat, daily salary in the work option, and whether or not cows were donated to the respondent. We modeled the choice contingent on socioeconomic characteristics. The magnitude of fines and patrolling frequency had a significant but very low negative effect on the probability of choosing to engage in hunting or trading bushmeat compared with the salary of an alternative occupation. Donation of livestock and the price of substitute meats in the local market both affected the choice significantly in a negative and a positive direction, respectively. The wealthier a household was the more likely the respondent was to choose to continue hunting or trading bushmeat. On the margin, our results suggest that given current conditions in the Kilombero Valley on any given day 90% of the respondents would choose salary work at US$3.37/day over their activities in the bushmeat trade, all else equal. Factores que Determinan la Elección de Cazar y Vender Carne de Caza en el Valle Kilombero, Tanzania     

Price uncertainty and the exhaustive firm

In the presence of a resource constraint the risk-averse exhaustive firm reacts to price uncertainty in a manner different than its competitive counterpart. In particular: (i) some results are independent of attitudes toward risk; (ii) comparative statics results differ from the no resource constraint case; and (iii) results depend upon the relative magnitudes of the discount rate and quasi-fixed costs. An assumption crucial to the relevance of risk-aversion in an intertemporal setting is the presence of imperfections in capital markets (i.e., the absence of complete contingent commodity markets).     

Price expectations and the supply of wastepaper

For some time the price response of the supply of wastepaper has been analyzed in terms of either static simultaneous equation models, or by the use of fairly ad hoc distributed lag models. This paper suggests that a model based on the price expectations of wastepaper suppliers is capable of explaining certain anomalies in earlier empirical work, and confirms the view that purely price-based policies to stimulate wastepaper recycling are likely to be ineffective. Not only is the supply of wastepaper insensitive to changes in price expectations, but the latter are themselves very slow to adjust to changes in actual prices.     

中国燃煤电厂碳排放量计算及分析

人类活动造成的温室气体排放已经对自然生态造成了巨大的影响。如果无法有效解决气候变化问题,到2030年将有超过1亿人因此而失去生命,且全球经济增长将削减3.2%。有效地控制和减少温室气体的排放是人类急需解决的问题。目前中国温室气体排放总量已经超越美国成为全球第一大温室气体排放国,中国的能源结构决定了中国燃煤发电是中国CO2主要排放源之一,因此实现燃煤发电碳减排对降低中国碳排放总量,减少温室气体排放具有重要意义。准确地计算燃煤电厂产生的碳排放量是进行碳排放权交易、低碳火电厂在经济上具有可行性,最终实现燃煤电厂碳减排的前提条件之一。本研究根据世界资源研究所提供的计算工具首先界定了本研究对于碳排放计算的范围,其次阐述了不同电厂应针对其使用的燃煤进行工业分析的精细化程度不同而采用不同的计算方法,最后对两组不同机组类型的中国火电厂进行了碳排放量计算和对比分析。根据以上分析得出了大容量、高参数的燃煤发电机组相比小容量发电机组不仅能提高能源利用效率,同时也能相对减少因生产电能而产生的CO2排放。其次,燃煤电厂CO2排放中煤炭固定燃烧占有绝对比例,脱硫及外购电力所占比例较小,但排放的绝对总量并不小。再次,由于大容量、高参数机组与小容量发电机组相比在生产单位电能所消耗的燃煤量更少、其排放的废弃中的CO2浓度相对较高,应此更适合安装碳捕捉系统,有助于提高捕捉效率,降低捕捉CO2的成本。因此,建议在未来建设碳捕捉系统时应优先选择大容量、高参数机组。本研究的创新点在于在上述研究的基础上考虑单个燃煤电厂的煤质、考虑电厂脱硫、外购电力的因素,根据电厂对煤质不同程度的工业分析采用不同的计算方法,目的在于更?     

Developments in forward osmosis and membrane distillation for desalination of waters

Membrane technology has become a common separation technology over the past decennia. Membranes are used more and more for the production of drinkable water from groundwater, surface water and wastewater. Membranes are now competitive versus conventional techniques. Desalination is predominantly used to eradicate the problem of water scarcity. The sustainability of all desalination processes depends mainly on the reduction of energy costs (production cost) and the increase in water recovery. Forward osmosis and membrane distillation are emerging technologies for sustainable desalination. Here we review membrane processes of forward osmosis and membrane distillation and the advancements in membrane material and modules. We also discuss the capability of membrane distillation in treating highly concentrated aqueous solutions derived from other desalination processes. Furthermore, the advancements in fabrication of high-performance membrane is reviewed and the performance of different membranes and optimization of membrane distillation process are summarized.     

Exvessel Price Determination in the Alaska King Crab Fishery: A Formula Price Contract under Uncertainty?

Commercial fisheries industry structure often suggests exvessel price formation occurs in the context of a competitive harvesting sector and an oligopsonistic processing sector. However, industry conduct leading to a determination of exvessel price can be notably at odds with this inference. This paper presents empirical evidence that the conduct of at least one such fishery, the Alaska king crab industry, may emulate bilateral monopoly. Exvessel price determination is consistent with an implicit formula price contract in which fishers behave as monopolists through bargaining associations, while processors behave as countervailing monopsonists, even in the absence of explicit collusion. Both sectors appear to behave in a manner consistent with joint expected profit maximization, with profit shares apportioned via the implicit formula price contract. This price formation process simplifies empirical analysis of the bilateral monopoly conduct by avoiding complicated game theoretic/bargaining models.     

广州社区居民通勤碳排放特征及其影响机理

通勤行为作为城市居民交通出行的主要组成部分,通勤碳排放的有效控制成为低碳交通发展的重点。以广州4个典型社区为例,构建结构方程模型,基于居民日常通勤行为的微观角度测算社区居民通勤碳排放,深入分析社区居民通勤碳排放的影响机理。结果表明：小汽车通勤成为居民高碳通勤的最主要因素;通勤距离和方式是决定社区居民通勤碳排放的两个直接影响因素;相对于个体社会经济属性和居民态度偏好来说,居住空间环境变量对于居民通勤碳排放的影响更为显著;居民态度偏好对于居民未来的通勤方式将起一定的作用,在公共交通通勤群体对小汽车通勤的强烈欲望以及小汽车通勤群体对小汽车通勤的行为依赖双重因素的推动下,若技术、政策和空间环境保持不变,随着经济社会的发展,未来通勤高碳化趋势明显。     

Developments in dutch coastline management: Conclusions from the second governmental coastal report

In 1990 the Dutch government decided to stop any further long-term landward retreat of the coastline. This policy choice for a ‘dynamic preservation’ is primarily aimed at safety against flooding and at sustainable preservation of the values and interests concerning the dunes and beaches. Five years later, a first overview of the benefits and bottlenecks of the new coastal defence policy could be presented, which was published in the second governmental coastal report ‘Kustbalans 1995’ (coastal balance 1995). This consists of three elements: (1) evaluation of the implementation of ‘dynamic preservation’, (2) the consequences of several natural and anthropogenic developments in the coastal zone and (3) integrated coastal zone management. The present report describes experiences of Dutch coastline management and summarizes the main conclusions of the second governmental report. The overall conclusion of the evaluation study is that the 1990 choice for ‘dynamic preservation’ was right. Sand supply is an effective method of coastline maintenance, which also serves functional uses in the beach and dune area. However, nearly a doubling of the supply volume is necessary to compensate for sand losses in the coastal zone. A more integrated management of the coastal zone is necessary to find an equilibrium between the interests of socio-economic development and the maintenance of a natural, dynamic system.     

Developments in Dutch coastline management: Conclusions from the second governmental coastal report

In 1990 the Dutch government decided to stop any further long-term landward retreat of the coastline. This policy choice for a ‘dynamic preservation’ is primarily aimed at safety against flooding and at sustainable preservation of the values and interests concerning the dunes and beaches. Five years later, a first overview of the benefits and bottlenecks of the new coastal defence policy could be presented, which was published in the second governmental coastal report ‘Kustbalans 1995’ (coastal balance 1995). This consists of three elements: (1) evaluation of the implementation of ‘dynamic preservation’, (2) the consequences of several natural and anthropogenic developments in the coastal zone and (3) integrated coastal zone management. The present report describes experiences of Dutch coastline management and summarizes the main conclusions of the second governmental report. The overall conclusion of the evaluation study is that the 1990 choice for ‘dynamic preservation’ was right. Sand supply is an effective method of coastline maintenance, which also serves functional uses in the beach and dune area. However, nearly a doubling of the supply volume is necessary to compensate for sand losses in the coastal zone. A more integrated management of the coastal zone is necessary to find an equilibrium between the interests of socio-economic development and the maintenance of a natural, dynamic system.     

Case Study on Nitrogen and Phosphorus Emissions from Paddy Field in Taihu Region

The agricultural non-point source pollution by nitrogen (N) and phosphorus (P) loss from typical paddy soil (whitish soil, Bai Tu in Chinese) in the Taihu Lake region was investigated through a case study. Results shown that the net load of nutrients from white soil is 34.1 kg ha^–1 for total nitrogen (TN), distributed as 19.4 kg ha^–1, in the rice season and 14.7 kg ha^–1in the wheat season, and for total phosphorus (TP) 1.75 kg ha^–1, distributed as 1.16 kg ha^–1 in the rice season and 0.58 kg ha^–1 in the wheat season. The major chemical species of N loss is different in the two seasons. NH₄-N is main the form in the rice season (53% of TN). NO₃-N is the main form in wheat season (46% of TN). Particle-P is the main form in both seasons, (about 56% of TP). The nutrient loss varied with time of the year. The main loss of nutrients happened in the 10 days after planting, 64% of TN and 42% of TP loss, respectively. Rainfall and fertilizer application are the key factors which influence nitrogen and phosphorus loss from arable land, especially rainfall events shortly after fertilizer application. So it is very important to improve the field management of the nutrients and water during the early days of planting.     

Emissions targets and the real business cycle: Intensity targets versus caps or taxes

For reducing greenhouse gas emissions, intensity targets are attracting interest as a flexible mechanism that would better allow for economic growth than emissions caps. For the same expected emissions, however, the economic responses to unexpected productivity shocks differ. Using a real business cycle model, we find that a cap dampens the effects of productivity shocks in the economy on all variables except for the shadow value of the emissions constraint. An emissions tax leads to the same expected outcomes as a cap but with greater volatility. Certainty-equivalent intensity targets maintain higher levels of labor, capital, and output than other policies, with lower expected costs and no more volatility than with no policy.     

当代市场环境下传统民间工艺的存在与发展

在以工业化生产方式为主导的今天,传统民间工艺处于新的发展阶段.市场对于手工艺产品的需求仍然存在,结合不同类型的工艺形式及其所处的具体情况,应采取相应的传承模式.在文化产业环境日益改善的大背景下,针对不同消费层次进行工艺创新与产品开发具有重要意义.参2.     

互花米草入侵盐沼湿地CH4和N2O排放日变化特征研究

甲烷（CH4）和氧化亚氮（N2O）是导致全球气候变暖的2种重要温室气体,探索其源汇及地域排放特征一直是全球变化研究领域的核心内容。CH4和N2O通量的日变化研究是正确估算大时间尺度下CH4和N2O排放量的基础。利用静态箱法原位观测了江苏沿海芦苇（Phragmites australis）、盐蒿（Suada salsa）、光滩、水面以及互花米草（Spartina alterniflora）入侵湿地CH4和N2O排放的日变化特征。结果表明,1）互花米草湿地地上部生物量为1.70 kg·m^-2,土壤有机碳质量分数为13.55 g·kg^-1;分别是芦苇和盐蒿湿地的2.50-3.43和2.15-4.15倍。2）互花米草和芦苇湿地土壤10 cm处氧化还原电位（Eh）有明显日变化,最低值出现在3：00,最高值出现在12：00;光滩和盐蒿湿地没有明显的日变化。3）互花米草湿地 CH4日平均排放通量为0.52 mg·m^-2·h^-1,是其他湿地的2.12-6.40倍;N2O日平均通量为-3.24μg·m^-2·h^-1,显著低于盐蒿湿地、光滩和水面（P＜0.05）。互花米草和芦苇湿地CH4排放通量最高值（0.73 mg·m^-2·h^-1和0.30 mg·m^-2·h^-1）出现在15：00,最低值（0.37 mg·m^-2·h^-1和0.17 mg·m^-2·h^-1）出现在3：00,均与土壤孔隙水中CH4浓度呈显著负相关（P＜0.05）。互花米草湿地CH4排放通量与10 cm土温、Eh和生态系统CO2净交换量（NEE）显著正相关（P＜0.05）。互花米草和芦苇湿地N2O通量9：00-18：00为负值,21：00—6：00为正值,均与NEE呈显著负相关（P＜0.05）。盐蒿湿地、光滩和水面CH4和N2O排放通量没有明显日变化特征。互花米草入侵提高了沿海湿地CH4排放,但降低了N2O排放,植物对CH4传输作用以及向根际传输O2和易分解有机物是导致互花米草和芦苇湿地CH4和N2O排放表现出日变化特征的原因。