Reduced analytical availability of polychlorinated biphenyls (PCB's) in colored surface water

It has been generally accepted, during the last few decades, that the dissolved natural organic matter in water [DNOM] appearing as yellow brownish color, has become more and more "polluted" by inorganic and organic micro-pollutants. Due to the complexing properties of NOM, lipophilic organic micro-pollutants, such as, PCBs will be mobilized into water together with the DNOM. A mixture of eight PCBs, with Cl-content from tri-Cl to hepta-Cl, was added to solutions of ten different DNOMs. The DNOMs were aqua's solutions of RO-(reverse osmosis)-isolated material, having approximately the same concentration of carbon. After a contact time of three days, standard analytical PCB-method was used to determine the recovery of the added PCBs. The results show that the analytical availability of the added PCB was significantly reduced in the presence DNOM, compared to distilled water. The percentage loss in recovery of PCB increased with the content of Cl, in mean, from 3%/mg C for tri-Cl to 9%/mg C for hepta-Cl. The results also suggest that the analytical recovery of PCB was affected by the quality and the nature of the organic matter. For example the longer the DNOMs had been in the aquatic phase, the less efficient they are attached to the PCBs.     

Sovereign financial disaster risk management: The case of Mexico

In 2006, Mexico became the first transition country to transfer part of its public-sector natural catastrophe risk to the international reinsurance and capital markets. The Mexican case is of considerable interest to highly exposed transition and developing countries, many of which are considering similar transactions. Risk financing instruments can assure governments of sufficient post-disaster capital to provide emergency response, disaster relief to the affected population and repair public infrastructure. The costs of financial instruments, however, can greatly exceed expected losses, and for this reason it is important to closely examine their benefits and alternatives. This paper analyzes the Mexican case from the perspective of the risk cedent (the Ministry of Finance and Public Credit), which was informed by analyses provided by the International Institute for Applied Systems Analysis (IIASA). The rationale for a government to insure its contingent liabilities is presented along with the fiscal, legal and institutional context of the Mexican transaction. Using publicly available data, the paper scrutinizes the choice the authorities faced between two different risk-transfer instruments: reinsurance and a catastrophe bond. Making use of IIASA's catastrophe simulation model (CATSIM), this financial risk management decision is analyzed within the context of a public investment decision.     

Can forest policy contribute to solving the CO2 problem?

The steady rise of atmospheric carbon dioxide concentration is due to the combined effects of fossil fuel burning and large scale deforestation. World-wide large scale reforestation could provide, within 15–20 years, an additional biospheric sink of the order of magnitude of the present input. Its capacity would be limited to a time span of several decades, but this time could be used to develop and deploy altenative energy sources (solar, geothermal and others) which presently are unavailable for immediate large scale use.