The prospects of tropical timber plantation investment funds

As financial markets start to acknowledge the significance of environmental issues, it is interesting to analyse how they combine finance and sustainable development. Dutch investment funds participating in tropical forest plantations project high expected returns. However, they carry huge financial risks, in particular country risk, currency risk, price risk and credit risk. The environmental and developmental returns appear to be positive but rather small. In addition, the environmental and developmental risks do not appear to be very large, as most plantations are established on former farmland and the quantitative impact of the plantations is still limited.     

Environmental risks of applying sewage sludge compost to vineyards: carbon,heavy metals,nitrogen, and phosphorus accumulation

Biosolids are applied to vineyards to supply organic matter. However, there is concern that this practice can increase the concentration of macronutrients and heavy metals in the soil, some of which can leach. We evaluated the environmental hazard of sewage sludge compost applied in March 1999 at 10, 30, and 90 Mg ha-1 fresh weight in a vineyard in southeastern France. Soil organic matter increased in all plots by 3 g kg-1 18 mo after the amendment. Neither total nor available heavy metal concentrations increased in the soil. Mineral nitrogen (N) in the topsoil of amended plots of 10, 30, and 90 Mg ha-1 increased by 5, 14, and 26 kg (NO3(-)-N + NH4(+)-N) ha-1, respectively, the first summer and by 2, 5, and 10 kg (NO3(-)-N + NH4(+)-N) ha-1, respectively, the second summer compared with controls. At the recommended rate, risks of N leaching is very low, but phosphorus (P) appeared to be the limiting factor. Phosphorus significantly increased only in plots amended with the highest rate in the topsoil and subsoil. At lower rates, although no significant differences were observed, P added was greater than the quantities absorbed by vines. In the long run, P will accumulate in the soil and may reach concentrations that will pose a risk to surface waters and ground water. Therefore, although the current recommended rate (10 Mg ha-1) increased soil organic matter without the risk of N leaching, total sewage sludge loading rates on vineyards should be based on P concentrations.     

Environmental investment recovery practices and opportunities: Lessons from project RENEWAL

In the Autumn 1994 issue of Total Quality Environmental Management you learned about Project RENEWAL, a cooperative business project to investigate and promote the linkages between ecology, technology, and business economics. Project RENEWAL stands for Resource Efficiency Network to Eliminate Waste and Liability. This collaborative effort focused on equipment and inventory assets, exploring how better capital asset management can benefit profitability and improve environmental protection. Participants in the project included representatives from industry, consulting, local and state government, environmental agencies, trade groups, and academia. This article describes three specific activities conducted by the RENEWAL participants and suggests ways to improve the success of future projects looking to improve the investment recovery of “impaired” capital assets.     

Resource windfalls,investment, and long-term income

We develop a simple mechanism to explain why resource windfalls are likely to lower income levels in the long run. Most mineral-producing countries, in particular, fail to maintain incentives for savings and investment after positive resource shocks. Our analysis focuses on this savings–investment transmission channel through which resource rents affect welfare, and develops an OverLapping-Generations (OLG) model with features from endogenous growth theory to study the mechanism. In this model, savings adjust downwards to income from natural resources, investments adjust to savings, and subsequently the level of overall productivity falls. Resource affluence has two counteracting effects on income. In the short term, resource wealth augments income, but in the long-term, it decreases income through a crowding-out effect on knowledge creation.     

People, power and timber: The politics of community-based forest management

The potential of devolved conservation to empower people, reduce poverty and protect forest resources has yet to be realized in much of the developing world. This is particularly evident in the Philippines where the central state paradoxically recentralizes political power through devolution at the policy, program and project level in forest management. We investigate how centralized state power emanates through devolved networks to affect the success of local timber utilization involving community-based forest management (CBFM) on Mindanao Island, the southern Philippines. By examining broader shifts from centralized to devolved forest management, results suggest that centralized political power continues to control and adversely affect local uses of timber through CBFM. We discuss how in the process of state authorities recentralizing devolved rights and responsibility over timber management, community-based logging operations were threatened but sustained by members relying on community-based structures and their own capabilities. The conclusion asserts that broader state processes of devolving power over timber management remains constrained by political motives and interests and so largely fails to fulfill the objectives of community-based forest management.     

Natural resources,governance and institutional quality: The role of resource funds

This paper investigates the relationship between resource funds, governance and institutional quality in resource-rich countries. The study is motivated by the relatively recent and inconclusive debate on resource funds and on their role in the addressing of the “resource curse”. The estimation results suggest that resource funds may be associated with governance and institutional quality improvements. The analysis complements the debate on the tools of addressing the “resource curse” and on the determinants of governance and institutional quality. The findings remain important for their policy implications. The estimation results suggest that resource funds may prove useful tools in the hands of the policy makers in the attempt to address governance and institutional quality deterioration induced by resource abundance.     

环境损失与环境成本评估研究进展、问题及展望

本文在对环境损失与环境成本的基本概念、环境成本评估理论国内外研究进展以厦目前国内外主要采用的环境损失评估方法进行概述分析的基础上,指出当前研究存在的问题,提出以后的研究方向。     

Forgivingness, Pessimism, and Environmental Citizenship

Our attitudes toward human culpability for environmental problems have moral and emotional import, influencing our basic capacities for believing cooperative action and environmental repair are even possible. In this paper, I suggest that having the virtue of forgivingness as a response to environmental harm is generally good for moral character, preserving us from morally risky varieties of pessimism and despair. I define forgivingness as a forward-looking disposition based on Robin Dillon’s conception of preservative forgiveness, a preparation to be deeply and abidingly accepting yet expecting human error. As with other virtues, however, preservative forgiveness is available to some of us more than others; in the second half of this paper, I consider the deep challenge posed by rational pessimism, especially on the part of those who have been given many reasons not to hope for the very moral improvements for which they strive. I conclude that for those of us with the power roles and personal resources especially conducive to environmental activism, preservative forgiveness inclines us to remain engaged in environmental activism with fellow flawed human beings, recognizing our own mutual depredations while committing us to cooperatively respond.     

Health, Environmental and Social Justice

Health is a basic human right. Improving health requires social and environmental justice and sustainable development. The 'health for all' movement embraces principles shared by other social movements--in sustainable development, community safety and new economics. These principles include equity, democracy, empowerment of individuals and communities, underpinned by supportive environmental, economic and educational measures and multi-agency partnerships. Health promotion is green promotion and inequality in health is due to social and economic inequality. This paper shows how health, environmental and economic sustainability are inextricably linked and how professionals of different disciplines can work together with the communities they serve to improve local health and quality of life. It gives examples of how local policy and programme development for public health improvement can fit in with global and national policy-making to promote health, environmental and social justice.     

Environmentally sensitive plot-scale timber harvesting: impacts on suspended sediment, bedload and bank erosion dynamics

The impact on sediment pollution of environmentally sensitive harvesting of a 15 ha plot (20% of the catchment area) of mature coniferous plantation forest in the 0.89 km2 Afon Tanllwyth catchment, Plynlimon, was investigated for 12 months before harvesting began and a further 18 months after. The results revealed: (a) a steepening of the suspended sediment concentration vs. discharge rating curve resulting in a 39% increase in suspended sediment yield (as compared to the adjacent forested Hafren catchment) during the year in which the harvesting operations took place; (b) a statistically significant increase in main channel bank erosion rates, as compared with the nearby Afon Cyff; main channel banks are estimated to have contributed around 80% of the total catchment suspended sediment yield during the two year period (1995-1996), and (c) no significant change in bedload yields over the duration of the study, though a longer post-harvesting time series of bedload data will be required to properly assess the impact of the harvesting operation upon bedload yields. Forest management implications of these findings are discussed in detail with respect to the existing Forest and Water guidelines.     

Superfund,Hedonics, and the Scales of Environmental Justice

Environmental justice (EJ) is prominent in environmental policy, yet EJ research is plagued by debates over methodological procedures. A well-established economic approach, the hedonic price method, can offer guidance on one contentious aspect of EJ research: the choice of the spatial unit of analysis. Environmental managers charged with preventing or remedying inequities grapple with these framing problems. This article reviews the theoretical and empirical literature on unit choice in EJ, as well as research employing hedonic pricing to assess the spatial extent of hazardous waste site impacts. The insights from hedonics are demonstrated in a series of EJ analyses for a national inventory of Superfund sites. First, as evidence of injustice exhibits substantial sensitivity to the choice of spatial unit, hedonics suggests some units conform better to Superfund impacts than others. Second, hedonic estimates for a particular site can inform the design of appropriate tests of environmental inequity for that site. Implications for policymakers and practitioners of EJ analyses are discussed.     

Environmental education,research and practice,in Bulgaria

Summary Educational reforms in Bulgaria over recent years, have permitted a new and definitive environmental education programme to be introduced. This programme is particularly related to nature conservation. The programme has had an important impact on the whole secondary school curriculum and has also influenced the patterns of teacher training.Dr Zdravka Kostova is a Senior Research Associate at the Educational Research Institute in Sofia, Bulgaria.     

绿色化学、纳米技术与环境保护

本文从当今社会对绿色化学的要求出发,论述了纳米技术及其在环境保护中广泛的应用前景。     

Estimating and valuing the carbon sequestered in softwood and hardwood trees, timber products and forest soils in Wales

Models of carbon storage in softwood and hardwood trees and forest soils and its emission from timber products and waste are developed and integrated with data on storage benefits to yield estimates of the value of the net carbon flux generated by afforestation. The long-term nature of the processes under consideration and the impact of varying the discount rate are explicitly incorporated within the model. A geographical information system (GIS) is used to apply carbon sequestration models to data on tree growth and soil type distribution for a large study area (the entire country of Wales). The major findings are: (1) all three elements under analysis (carbon sequestration in livewood, release from different products and waste, and storage or emission from soils) play a vital role in determining overall carbon flux; (2) woodland management has a substantial impact upon carbon storage in livewood however the choice of discount rate exerts the largest overall influence upon estimated carbon flux values; (3) timber growth rates (yield class) also have a major impact upon values; (4) tree species does affect storage values, however this is less important than the other factors listed above; (5) non-peat soils generally sequester relatively low levels of carbon. Planting upon peat soils can result in very substantial emissions of carbon which exceed the level of storage in livewood.The GIS is used to produce valuation maps which can be readily incorporated within cost-benefit analyses regarding optimal locations for conversion of land into forestry.