Is the convenience yield a good indicator of a commodity's supply risk?

A strong increase in the demand for some commodities over the last decade will have a major impact on their future supply situation. Of increasing importance, therefore, is an assessment of a commodity's criticality, and especially its supply risk, by appropriate indicators. The literature has proposed numerous indicators of the supply risk. Here, we use the convenience yield of commodity futures as a supply risk indicator to address some of the major shortcomings of existing indicators, especially regarding their predictive power. This paper aims to test the applicability of the convenience yield as an indicator of a commodity's future supply risk. Therefore, we calculate historical convenience yields for 3-, 15-, and 27-month futures contracts for five major industrial metals (aluminum, copper, lead, nickel, and zinc) during the period 1999 to 2011. We compare the convenience yields at the beginning of the contract period to known indicators at maturity to find that the convenience yield has generally predictive power for the static stock lifetime (i.e., inventory volume/turnover) and future spot prices. Furthermore, we find that, with some restrictions, the convenience yield is an applicable indicator of a commodity's supply risk.     

Environmental cross-compliance mitigates nitrogen and phosphorus pollution from Swiss agriculture

In 1993 the Swiss agricultural policy was revised with – amongst other goals – the objective of improving the environmental performance of agriculture. A voluntary agri-environmental scheme to promote integrated production (IP) was introduced. In 1999 the IP standards were integrated in cross compliance requirements and termed Proof of Ecological Performance (PEP). We evaluated the effectiveness of this policy in terms of reducing diffuse nitrogen (N) and phosphorus (P) pollution of ground and surface water. We combined monitoring schemes covering the reference period from before the introduction of IP/PEP (1990–1992) with the evaluation of cause/effect relationships in selected case-study areas. The evaluation showed an overall reduction of diffuse N and P pollution from agriculture even though some goals were not reached. Nitrate leaching declined, but only a 3–4 mg L⁻¹ reduction was observed rather than the intended decrease of 5 mg L⁻¹. The P pollution of surface waters from agriculture decreased by only 10–30% instead of 50%. The intended reduction of the nitrogen surplus of Swiss agriculture by 33% was not attained, but the P surplus of Swiss agriculture was more than halved. IP/PEP practices that improved N and P management included reduced N and P fertiliser inputs and pig and poultry feedstuffs with reduced N and P contents, both of which are a consequence of the requirement of equilibrated farm nutrient balances, as well as increased use of cover cropping and of conservation tillage systems.     

New separation protocol reveals spray painting as a neglected source of microplastics in soils

Environmental Chemistry Letters - Microplastics are recently discovered contaminants, yet knowledge on their sources and analysis is limited. For instance, paint microplastics are poorly known...     

Effects of Stocking Rate on the Variability of Peak Standing Crop in a Desert Steppe of Eurasia Grassland

Proper grazing management practices can generate corresponding compensatory effects on plant community production, which may reduce inter-annual variability of productivity in some grassland ecosystems. However, it remains unclear how grazing influences plant community attributes and the variability of standing crop. We examined the effects of sheep grazing at four stocking rate treatments [control, 0 sheep ha^?1 month^?1; light (LG), 0.15 sheep ha^?1 month^?1; moderate (MG), 0.30 sheep ha^?1 month^?1; and heavy (HG), 0.45 sheep ha^?1 month^?1] on standing crop at the community level and partitioned by species and functional groups, in the desert steppe of Inner Mongolia, China. The treatments were arranged in a completely randomized block design over a 9-year period. Standing crop was measured every August from 2004 to 2012. Peak standing crop decreased (P < 0.05) with increasing stocking rate; peak standing crop in the HG treatment decreased 40 % compared to the control. May–July precipitation explained at least 76 % of the variation in peak standing crop. MG and HG treatments resulted in a decrease (P < 0.05) in shrubs, semi-shrubs, and perennials forbs, and an increase (P < 0.05) in perennial bunchgrasses compared to the control. The coefficients of variation at plant functional group and species level in the LG and MG treatments were lower (P < 0.05) than in the control and HG treatments. Peak standing crop variability of the control and HG community were greatest, which suggested that LG and MG have greater ecosystem stability.     

Fungal inoculum properties: extracellular enzyme expression and pentachlorophenol removal by New Zealand trametes species in contaminated field soils

This study was conducted to improve the ability of indigenous New Zealand white-rot fungi to remove pentachlorophenol (PCP) from contaminated field soil. The effects of different bioaugmentation conditions on PCP removal and extracellular enzyme expression were measured in the laboratory. The conditions were fungal growth substrate and co-substrate composition, culture age, and Tween 80 addition to the contaminated soil. The fungi used were Trametes versicolor isolate HR131 and Trametes sp. isolate HR577. Maximum PCP removal was 70% after 7 wk from a 1043 mg kg(-1) PCP-contaminated soil inoculated with an 11-d-old fungal culture of T. versicolor isolate HR131. There was minimal production of undesirable pentachloroanisole by the fungi. Tween 80 addition had no affect on PCP removal. Poplar sawdust was more suitable as a fungal growth substrate and a co-substrate amendment for PCP removal and extracellular enzyme expression than the locally available pine and fir sawdust. Pentachlorophenol removal was not necessarily correlated with extracellular enzyme expression. The research results demonstrate that PCP biodegradation was affected by inoculum culture age, by the presence of a co-substrate amendment, and by growth substrate composition after white-rot fungal bioaugmentation into PCP-contaminated field soils.     

The age of E-mail Submission has passed — The Age of ESS Submission has arrived

Preface

The age of E-mail Submission has passed — The Age of ESS Submission has arrived     

Heavy metal speciation and phytotoxic effects of three representative sewage sludges for agricultural uses

The environmental impact of sewage sludges depends on the availability and phytotoxicity of their heavy metal. The influence of representative sludges (dewatered anaerobic, pelletization, and composted sludge) on the availability of heavy metals, and their effects on seed germination were compared. The total heavy metal concentrations were below the maximum permitted for land-applied waste and the differences among them were small. The DTPA-extracted metal concentrations were rather different. The sequential extraction of the compost showed a slight increase in Cd and Cu availability, and a decrease in the availability of Fe, Mn, Ni and Zn. Pelletization increased the availability of Ni and slightly reduced that of Cr. The dewatering sludge led to greater availability of Cr and Mn but reduced the concentration of Cd. The three different sludges also affected seed germination and root elongation in different ways. The most serious adverse effects were caused by the dewatered sludge extract.     

Safety metaphors and theories,a review of the occupational safety literature of the US,UK and The Netherlands,till the first part of the 20th century

The 19th century and first half of the 20th century is one of those periods in history of rapid economical, technical and social changes. There is an ongoing mechanization, followed by a movement to rationalize production and to make it cost effective. This has created a heavy burden of occupational deaths amongst workers. In this period occupational safety is developing into a professional field. Engineers are enclosing hazards and fencing heights, shaping up safety technique, and writing very practical publications on occupational safety. These publications, predominantly published in the United States, are leading to quite some safety related metaphors, with the iceberg and the domino’s as the most famous ones. Sociologists, psychologists, and physicians are more concerned with questions related to accident causation, and these specialists are conducting research leading to two different safety theories. Causes of occupational accident are found either in the workers’ capacity to handle hazardous situations, or in external causes, like very long working hours, dangerous machines and the increased pressures of work and speed of production. The Pittsburgh survey, the first extended analysis of occupational accidents in a steel district, strongly advocated the environmental hypothesis, while the so-called ‘individual hypothesis’ is favored by the American Safety First Movement, starting as a private initiative in 1906 by US Steel, and later spreading out over Western European countries. The British Industrial Fatigue Board has given the individual hypothesis its scientific justification. Despite scientific criticism just after World War II on the concept of accident proneness and ‘unsafe acts’, its popularity is not fading. Even nowadays the famous metaphors are still part of the vocational training of safety experts, also in The Netherlands. Apparently professional and scientific developments in occupational safety are belonging to two separate worlds. Before World War II, The Netherlands is not a leading country in occupational safety but a follower, first of France and the German speaking countries. After World War I its focus is directed towards the Anglo-Saxon countries.     

Applying Satellite Imagery to Triage Assessment of Ecosystem Health

Considerable evidence documents that certain changes in vegetation and soils result in irreversibly degraded rangeland ecosystems. We used Advanced Very High Resolution Radiometer (AVHRR) imagery to develop calibration patterns of change in the Normalized Difference Vegetation Index (NDVI) over the growing season for selected sites for which we had ground data and historical data characterizing these sites as irreversibly degraded. We used the NDVI curves for these training sites to classify and map the irreversibly degraded rangelands in southern New Mexico. We composited images into four year blocks: 1988–1991, 1989–1992, and 1990–1993. The overlap in pixels classified as irreversibly degraded ranged from 42.6% to 84.3% in year block comparisons. Quantitative data on vegetation composition and cover were collected at 13 sites within a small portion of the study area. Wide coverage reconnaissance of boundaries between vegetation types was also conducted for comparisons with year block maps. The year block 1988–1991 provided the most accurate delineation of degraded areas. The rangelands of southern New Mexico experienced above average precipitation from 1990–1993. The above average precipitation resulted in spatially variable productivity of ephemeral weedy plants on the training sites and degraded rangelands which resulted in much smaller areas classified as irreversibly degraded. We selected imagery for a single year, 1989, which was characterized by the absence of spring annual plant production in order to eliminate the confounding effect of reflectance from annual weeds. That image analysis classified more than 20% of the rangelands as irreversibly degraded because areas with shrub-grass mosaic were included in the degraded classification. The single year image included more than double the area classified as irreversibly degraded by the year blocks. AVHRR imagery can be used to make triage assessments of irreversibly degraded rangeland but such assessment requires understanding productivity patterns and variability across the landscapes of the region and careful selection of the years from which imagery is chosen.     

Evaluating Change in Rangeland Condition using Multitemporal AVHRR Data and Geographic Information System Analysis

Coarse-scale, multitemporal satellite image data were evaluated as a tool for detecting variation in vegetation productivity, as a potential indicator of change in rangeland condition in the western U.S. The conterminous U.S. Advanced Very High Resolution Radiometer (AVHRR) biweekly composite data set was employed using the six-year time series 1989–1994. Normalized Difference Vegetation Index (NDVI) image bands for the state of New Mexico were imported into a Geographic Information System (GIS) for analysis with other spatial data sets. Averaged NDVI was calculated for each year, and a series of regression analyses were performed using one year as the baseline. Residuals from the regression line indicated 14 significant areas of NDVI change: two with lower NDVI, and 11 with higher NDVI. Rangeland management changes, cross-country military training activities, and increases in irrigated cropland were among the identified causes of change.