Net value royalties : Practical tool or economist's illusion?

The petroleum industry has traditionally generated substantial revenues for governments. Where governmental power is divided, as in federations like Canada and Australia, a junior level of government normally collects royalties while the senior level levies a variety of imposts (income tax, export duties, excises on production). The combination of recent sharp reductions in prices, more price volatility and an era of freer markets has subjected existing tax and royalty systems to severe strain and has shifted attention to the design of fiscal systems that are more profit- sensitive. For the royalty element, interest focuses on net value royalties (NVRs). This paper deals with the nature and problems of NVRs. It proceeds by looking first at the application of resource rent royalties in Australia. It then focuses on recent megaproject royalty arrangements in Alberta and evaluates the degree to which Alberta's current royalty system is profit- sensitive. Problems associated with NVRs are discussed in the fourth section; concluding remarks are made in the last section.     

Environmental legislation, economic growth and risk in minerals development The Bolivian case

This paper examines the General Environmental Law of Bolivia which was recently passed by its Congress. It is a multi-purpose law with two primary objectives: (i) the protection and conservation of the environment; and (ii) the promotion of sustainable development. In this law, environmental benefits are emphasized by stating general principles, not by attempting to define the means. Regulations setting forth the means are left to the writing of subsequent complementary codes. This paper shows that much of the controversy surrounding the legislation disappears when it is seen as a guideline rather than an operational part of Bolivia's industrial policy. In essence, the law addresses environmental awareness in a region that is more anxious than ever to speed economic growth.     

大庆石油管理局粉煤灰综合利用现状及前景

简要介绍了目前国内外粉煤灰利用的情况,分析了大庆石油管理局粉煤灰利用范围,主要包括筑路、生产水泥、加工切块、陶粒和步踏砖等,粉煤灰的综合利用率在70%以上。通过调查粉煤灰综合利用情况,对制作水泥和制作步踏砖存在的问题提出了解决办法。针对大庆油田的实际情况,在借鉴国内外其他方法和技术的基础上,提出了综合利用粉煤灰的其他建议,例如用于固井作业的水泥浆体系,生产铝盐,用于填埋固体废物等。     

英国石油公司环境与经济协调发展战略

英国石油公司(BP)坚信经济增长与环境保护并行的政策,在过去10年中控制了煤炭业务,加大了对天然气的投资及对可再生能源的开发,不断超越传统的经营理念,并探索新的能源消耗体系。该公司把改善环境作为自己的职责,不断提高产品与环境保护的协调性,积极推行“绿色办公室”计划。在经营业绩和环境保护两方面表现出良好形象,使其品牌价值和公司效益连年增长,成为消费者和投资者都非常青睐的国际知名公司。     

石油污染土壤的生物修复技术研究及其前景

根据污染土壤的生物修复技术具有高效、无二次污染和操作管理简便的优点,本文介绍谊类技术在石油污染治理领域的应用。在概述石油的组成成分及其对环境造成的污染的基础上,重点论述了微生物和植物修复技术有效去除有机污染物的应用条件,并就目前两种技术的最新研究成果即基因技术的应用作了介绍,同时指出了石油污染土壤生物修复技术的发展趋势和应用前景。     

The regional economic impact of reducing greenhouse gas emissions: Western Australia

This study analyses the general-equilibrium impacts of an international climate change response policy on the economy of Western Australia (WA), one of the most mining-based and energy-intensive states of Australia. It finds that emissions would fall by up to 11% from the base level in WA. However, such environmental benefits emanate at some costs to the state economy; in terms of foregone gross state product, the costs are up to 3% of the base level. Indeed, the actual costs and benefits depend on the precise design of the climate change response policy as well as on the other policies within which it operates. For example, when emission quota permits are sold to industries and no tradeable carbon credits (i.e. credits for the carbon sequestrated in Kyoto forests) are granted, emissions decline by about 8% and GSP falls by about 3% of the base levels. If carbon credits are tradeable, however, the environmental benefits could be increased and the GSP cost could be reduced substantially. Also, the reduced economic activity caused by emission abatement results in a modest fall in net government revenue, despite the additional revenue from permit sales in some cases. Accordingly, government’s fiscal package surrounding the emission permits would influence the emission abatement impacts on the economy. With regard to the effects on the structure of the state economy, the oil and gas industry suffers only a slight contraction but the energy-supplying sector as a whole contracts substantially. It is therefore not surprising that the impacts on the WA economy of curbing emissions by energy and transport industries alone are quite significant when compared to those resulted from all industries’ compliance with the abatement scheme. It needs to be noted that the model projections analysed in the paper are based on simplifying assumptions and tentative scenarios, and hence should be viewed with caution and not be understood as unconditional forecasts.     

Government and voluntary policymaking for sustainability in mining towns: A longitudinal analysis of Itabira,Brazil

The socio‐economic fabric of single‐company mining towns needs to be carefully considered by both Government and companies in sustainability policymaking. Policy design and effectiveness in such towns are significantly impacted by the city's economic dependence on a single company. This paper explores the perceived effectiveness of government and voluntary private sector mining policies for pursuing sustainability in the historic mining town of Itabira, Brazil over a period of 20 years. Itabira serves as a worthwhile case study because it allows for an in‐depth and longitudinal analysis that can reveal valuable lessons to policymakers of different sectors and jurisdictions located elsewhere. Based on extensive face‐to‐face interviews and literature reviews, study results indicate that changes to the state environmental licensing policies in the 1990s led to significant socio‐environmental improvements in the area. The globalization of the mining company also contributed to an increase in the quantity and quality of voluntary industry policies. Recent technological improvements in the beneficiation processes of the mining company promises to extend the life of the mine to 2050. Although there are significant incremental socio‐environmental policies and programmes, sustainability remains an elusive vision in Itabira, with no clear objectives or monitoring and accountability mechanisms. The paper concludes by recommending a more formal integrated policymaking framework.     

使用OCMA—350非分散红外测油仪测量水或废水中石油类的探讨

本文初步探讨了使用OCMA－350非分散红外法测定水或废水中石油类过程中萃取剂CCl4的预处理与OCMA-350测油仪的使用。     

油气田废水中石油类物质测定问题的探讨

本文针对油气田废水复杂多样的特点，对石油类物质测定方法的选择；标准油品的选定以及难萃取样品的处理方法等监测技术问题进行了探讨，旨在提高监测数据的准确性及可靠性。     

Non-ferrous metals and economic growth: The future demand for lead

As national economies grow, requirements for physical resources increase. This paper attempts to forecast future world demand for lead, by deriving a relationship between the amount consumed per capita and the level of economic development, and then using this to generate world demand figures based on some predictions of future economic growth. Although the rate of increase in demand for lead may decline as high levels of GDP are reached, it is nevertheless predicted that world annual demand could continue rising exponentially over the next 50 or 60 years, in the absence of constraints due to lack of physical resources or very high differential prices. This is essentially because large areas of the world will still be increasing their GDP per capita over the range where the rate of increase in demand for lead is increasing steeply.     

The relationship between inbound tourism and economic growth: Case of Botswana

This study investigates the relationship between inbound tourism expansion and economic growth in Botswana, employing time series data from 1988 to 2019. An autoregressive distributed lag (ARDL) bounds tests and Toda and Yamamoto causality test were utilized for cointegration and direction of causality analyses, respectively. The study findings suggest and validate a tourism-led growth hypothesis (TLGH) both in the long and short run. However, inbound tourism expansion has a modest impact on the country's economic growth, which causes concern and need for improvement. Therefore, the study suggests that there should be strengthening and expediting of tourism product diversification for enhanced tourism experiences and tourist spending. The tourism sector should be restructured to curb high economic and financial leakages, create strong linkages with other sectors, and adopt a mixed-price model to promote domestic tourism and local beneficiation.     

Institutional quality,financial development and sustainable economic growth among lower income countries

This article postulates strong endogenous relationships in lower income countries between institutional quality, financial development and sustained economic growth. These associations were investigated using the vector-error correction model (VECM) and Granger causality method for a sample of 79 countries from 2005 to 2022. The findings show that (1) these variables reinforce each other in the short run. (2) In the long run, both institutional quality and financial development can fuel economic growth. (3) The positive effect of institutional quality on economic growth is greater than that of financial development. Policy implications of these findings are that careful attention should be paid to co-development policies to enhance the institutional quality and the financial system in these economies. Policies should also consider economic growth strategies to enable sustainable economic growth rates.     

The development and application of water management sustainability indicators in Brazil and Scotland

This paper reports the formulation and application of a framework of catchment-level water resource management indicators designed to integrate environmental, economic and social aspects of sustainability. The framework of nine indicators was applied to the River Dee and River Sinos catchments in Scotland and Brazil, respectively, following an indicator selection process that involved inputs from water management professionals in both countries, and a pilot exercise in Scotland. The framework was found to capture a number of key sustainability concerns, and was broadly welcomed by water resource managers and experts as a means of better understanding sustainable water resource management. Issues relating to poor water quality and public water supply were particularly prominent in the findings for the Sinos, while findings for the Dee suggested that more attention might be focused on building institutional capacity and public participation in catchment management. The use of some proxy indicators was required in both catchments due to poor data availability, and this problem may hinder the further development of indicator frameworks that attempt to better integrate environmental, economic and social dimensions of sustainability.     

Pro-Poor local economic development in South Africa: The role of pro-poor tourism

This paper describes features of the emerging nexus in South Africa between tourism, poverty alleviation and local economic development (LED) interventions. The South African experience of evolving a strong pro-poor focus in LED planning is distinctive in the international context of writings on LED. Pro-poor LED is increasingly the outcome of the application of measures and programmes that are linked to the approach of pro-poor tourism in both rural and urban areas of South Africa. Two studies are presented of Alexandra township, Johannesburg and the Madikwe Game Reserve in North West Province as examples of pro-poor tourism as a form of pro-poor LED. It is argued that the growth of pro-poor tourism initiatives in South Africa suggests that the country is currently a laboratory for the testing and evolution of new approaches towards the planning of LED that potentially will have relevance for other countries in the developing world.     

The role of economic invisibility in development: veiling women's work in rural Pakistan

The thesis in this article is that both women's work and its invisibility are essential to development, and at two levels: to the economy of rural households and to the wider development process. For rural households, the case of Pakistan suggests that the veils that conceal women's work shield a portion of household production from the risks and extractions inherent in their involvement with development. This shielded production depends on off-farm natural resources of which the use is also veiled. For States and other development interests, the author suggests that women's work constitutes a subsidy which is intentionally invisible. The subsidy of women's labour is linked to a forest-to-farm subsidy. Women's invisible work, in other words, is not invisible because it is not seen, but because the process of economic development—for both rural households and States and other development actors—requires that it be hidden.     

Water and economic development: The role of variability and a framework for resilience

The article advances the hypothesis that the seasonal and inter‐annual variability of rainfall is a significant and measurable factor in the economic development of nations. An analysis of global datasets reveals a statistically significant relationship between greater rainfall variability and lower per capita GDP. Having established this correlation, we construct a water resources development index that highlights areas that have the greatest need for storage infrastructure to mitigate the impacts of rainfall variability on water availability for food and basic livelihood. The countries with the most critical infrastructure needs according to this metric are among the poorest in the world, and the majority of them are located in Africa. The importance of securing water availability in these nations increases every day in light of current population growth, economic development, and climate change projections.     

Steel consumption and economic growth in Korea: Long-term and short-term evidence

This paper examines the long-term and short-term causal relationships between steel consumption and economic activity in Korea between 1975 and 2008 using vector error correction and vector autoregression models. This study disaggregates steel products and steel-consuming industries because the consumption of a specific steel product is closely linked to the output of the corresponding industry. This approach can provide a clear and reliable causal relationship between variable pairs. The results show that total steel consumption and GDP have a long-term equilibrium relationship, running from GDP to total steel consumption. However, a long-term bi-directional causal relationship exists between flat products consumption and the manufacturing GDP. Flat products consumption also demonstrates the long-term relationships between steel-consuming industries, such as automobile, shipbuilding, and fabricated metal product, but causal directions are mixed, depending on variable pairs. These results imply that the reciprocal growth between these industries has contributed to the robust competitiveness of Korean manufacturing. Because Korea has maintained its export-oriented industrial policy based on manufacturing, the steel and steel-consuming industries are expected to play a significant role in economic growth far into the future.