Improving the prevention of environmental risks with convertible bonds

This paper considers a limited liability firm that needs external funds in order to invest in an activity that presents an environmental risk for the Society. When the firm's risk-reducing activities cannot be observed by the lenders, we show that the issue of convertible bonds can create incentives to improve prevention. Convertible bonds allow the holder to exchange his bonds for a fixed number of the firm's shares. The use of such hybrid securities could either complement or be an alternative to the American CERCLA legislation about lender extended liability. We define an optimal convertible bond contract that induces unchanged economic profits for the bank, more prevention and higher expected net revenues for the firm and a higher expected social welfare than with standard debt. Our results hold true both with and without extended liability.     

A mixed Bentham–Rawls criterion for intergenerational equity: Theory and implications

This paper proposes a welfare criterion that balances the need for development and the concern for the least advantaged generations, and explores its implications. This criterion, called the mixed Bentham–Rawls criterion, moderates the effect of discounting, yet permits some degree of intertemporal trade-off. It is a weighted average of two terms: (a) the sum of discounted utilities and (b) the utility level of the least advantaged generation. We derive necessary conditions to characterize growth paths that satisfy our criterion, and show that in some models with familiar dynamic specifications, an optimal path exists and displays appealing characteristics.     

Water-induced erosion potentiality and vulnerability assessment in Kangsabati river basin,eastern India

Environment, Development and Sustainability - The large-scale water-induced erosion is one of the most determining elements on land degradation in subtropical monsoon-dominated region. From this...     

Discordant findings in chorionic villus direct preparation and long term culture—mosaicism in the fetus

Prenatal cytogenetic study of chorionic villi showed a discrepancy between a normal female karyotype 46,XX in the direct preparation after short-term incubation, and a 45,X karyotype in the long-term culture. The subsequent amniocentesis revealed a normal karyotype in three cultures and a 45,X/46,XX mosaicism in one culture. Cytogenetic analysis of chorionic villi after termination of the pregnancy showed a normal karyotype in the direct preparation and a 45,X/46,XX mosaicism in the long-term culture. Fetal lymphocytes showed normal karyotypes, whereas fibroblast cultures revealed a 45,X/46,XX mosaicism.     

A comprehensive simulation approach for pollutant bio-transformation in the gravity sewer

A comprehensive pollutant transformation model for sewer systems is established. The model comprises fermentation, sulfate reduction and ammonification processes. Biochemical reactions related to distinct carbon sources are depicted in the model. Pollutant transformation is attributed to different biochemical reaction processes. Presently, several activated sludge models (ASMs) have been developed to describe a few biochemical processes. However, the commonly used ASM neither clearly describe the migratory transformation characteristics of fermentation nor depict the relationship between the carbon source and biochemical reactions. In addition, these models also do not describe both ammonification and the integrated metabolic processes in sewage transportation. In view of these limitations, we developed a new and comprehensive model that introduces anaerobic fermentation into the ASM and simulates the process of sulfate reduction, ammonification, hydrolysis, acidogenesis and methanogenesis in a gravity sewer. The model correctly predicts the transformation of organics including proteins, lipids, polysaccharides, etc. The simulation results show that the degradation of organics easily generates acetic acid in the sewer system and the high yield of acetic acid is closely linked to methanogenic metabolism. Moreover, propionic acid is the crucial substrate for sulfate reduction and ammonification tends to be affected by the concentration of amino acids. Our model provides a promising tool for simulating and predicting outcomes in response to variations in wastewater quality in sewers.     

Seasonality in reproduction of the deep-water pennatulacean coral Anthoptilum grandiflorum

The deep-sea pennatulacean coral Anthoptilum grandiflorum exhibits a cosmopolitan distribution and was recently determined to serve as habitat for other invertebrates and fish larvae in the northwest Atlantic. Colonies collected at bathyal depths between 2006 and 2010 in eastern Canada were analysed to determine their fecundity and characterize spatial and temporal trends in their reproductive cycle. Anthoptilum grandiflorum is a gonochoric broadcast spawner with a sex ratio that does not differ significantly from equality (although one hermaphrodite colony was observed). In male colonies, all the spermatocysts synthesized become mature over the annual cycle, while only ~21 % of the initial production of oocytes reaches maturity in female colonies. Female potential fecundity based on mature oocytes just before spawning was on average 13 oocytes polyp^?1; male potential fecundity was 48 spermatocysts polyp^?1. The spawning period of A. grandiflorum differs between geographic regions, from April (in southern Newfoundland) to July (in Labrador), closely following regional spring phytoplankton blooms after accounting for the deposition of planktic detritus. Release of oocytes by a live colony held in the laboratory was recorded in April 2011, coincident with field data for similar latitudes. Seawater temperatures at the time of spawning were around 3.6–4.8 °C in all regions and in the laboratory. Early stages of gametogenesis were detected in colonies collected shortly after the spawning season, and early and late growth stages occurred successively until December. Mature colonies were observed between April and July (depending on latitude). The diameter of mature oocytes (~1,100 μm maximum diameter) is consistent with lecithotrophic larval development.     

Microbial abundance and community in subsurface flow constructed wetland microcosms: role of plant presence

In this research, the role of plants in improving microorganism growth conditions in subsurface flow constructed wetland (CW) microcosms was determined. In particular, microbial abundance and community were investigated during summer and winter in Phragmites australis-planted CW microcosms (PA) and unplanted CW microcosms (control, CT). Results revealed that the removal efficiencies of pollutants and microbial community structure varied in winter with variable microbial abundance. During summer, PA comprised more dominant phyla (e.g., Proteobacteria, Actinobacteria, and Bacteroidetes), whereas CT contained more Cyanobacteria and photosynthetic bacteria. During winter, the abundance of Proteobacteria was >40 % in PA but dramatically decreased in CT. Moreover, Cyanobacteria and photosynthetic bacterial dominance in CT decreased. In both seasons, bacteria were more abundant in root surfaces than in sand. Plant presence positively affected microbial abundance and community. The potential removal ability of CT, in which Cyanobacteria and photosynthetic bacteria were abundant during summer, was more significantly affected by temperature reduction than that of PA with plant presence.     

Waste prevention for sustainable resource and waste management

Although the 2Rs (reduce and reuse) are considered high-priority approaches, there has not been enough quantitative research on effective 2R management. The purpose of this paper is to provide information obtained through the International Workshop in Kyoto, Japan, on 11–13 November 2015, which included invited experts and researchers in several countries who were in charge of 3R policies, and an additional review of 245 previous studies. It was found that, regarding policy development, the decoupling between environmental pressures and economy growth was recognized as an essential step towards a sustainable society. 3R and resource management policies, including waste prevention, will play a crucial role. Approaches using material/substance flow analyses have become sophisticated enough to describe the fate of resources and/or hazardous substances based on human activity and the environment, including the final sink. Life-cycle assessment has also been developed to evaluate waste prevention activities. Regarding target products for waste prevention, food loss is one of the waste fractions with the highest priority because its countermeasures have significant upstream and downstream effects. Persistent organic pollutants and hazardous compounds should also be taken into account in the situation where recycling activities are globally widespread for the promotion of a material-cycling society.     

Determination of carbamazepine and 12 degradation products in various compartments of an outdoor aquatic mesocosm by reliable analytical methods based on liquid chromatography-tandem mass spectrometry

Environmental Science and Pollution Research - The aims of this work are to develop suitable analytical methods to determine the widely used anticonvulsant carbamazepine and 12 of its...     

Toluene vapor capture by activated carbon particles in a dual gas-solid cyclone system

Capturing of odorous compounds such as toluene vapor by a particulate-activated carbon adsorbent was investigated in a gas-solid cyclone, which is one type of mobile beds. The test cyclone was early modified with the post cyclone (PoC) and a spiral flow guide to the vortex finder. The proposed process may contribute to the reduction of gases and dust from industrial exhausts, especially when dealing with a low concentration of odorous elements and a large volume ofdust flow. In this device, the toluene capturing efficiency at a 400 ppm concentration rose up to 77.4% when using activated carbon (AC) particles with a median size of 27.03 microm. A maximum 96% of AC particles could be collected for reuse depending on the size and flow rate. The AC regenerated via thermal treatment showed an adsorption potential up to 66.7% throughout repeated tests.