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.     

Impingement of threadfin shad: Effects of temperature and hydrography

A model is presented that allows testing of hypotheses concerning the effects of temperature and change in temperature on impingement. The model is evaluated using data from the Tennessee Valley Authority's Kingston Steam Plant, Watts Bar Reservoir, Tennessee, USA for two fish species impinged in large numbers in the United States: threadfin and gizzard shad,Dorosoma petenense andD. cepedianum. Hydrographic characteristics near the intake screens were mapped to help explain the possible role of hydrography in distributing fish across the screens. Understanding the role of temperature and hydrography in impingement of fish provides a basis for new intake designs that may reduce impingement and helps in the development of methods to reduce impingement at existing facilities. The temperature modeling approach and conclusions about hydrographic effects might be applied to other systems in which cold-stressed schooling fish are impinged.Research sponsored by the Office of Health and Environmental Research, US Department of Energy, under contract W-7405-eng-26 with Union Carbide Corporation.Publication No. 1872, Environmental Sciences Division, ORNL.     

Temporal pessimism and spatial optimism in environmental assessments: An 18-nation study

The personal assessments of the current and expected future state of the environment by 3232 community respondents in 18 nations were investigated at the local, national, and global spatial levels. These assessments were compared to a ranking of each country's environmental quality by an expert panel. Temporal pessimism (“things will get worse”) was found in the assessments at all three spatial levels. Spatial optimism bias (“things are better here than there”) was found in the assessments of current environmental conditions in 15 of 18 countries, but not in the assessments of the future. All countries except one exhibited temporal pessimism, but significant differences between them were common. Evaluations of current environmental conditions also differed by country. Citizens' assessments of current conditions, and the degree of comparative optimism, were strongly correlated with the expert panel's assessments of national environmental quality. Aside from the value of understanding global trends in environmental assessments, the results have important implications for environmental policy and risk management strategies.     

A systematic review of research conducted by pioneer groups in ecotoxicological studies with bees in Brazil: advances and perspectives

Environmental Science and Pollution Research - Brazil presents the most threatened endemic or rare species among neotropical regions, with the Hymenoptera order, to which bees belong, classified as...     

Combined effects of bed friction and emergent cylinder drag in open channel flow

Environmental Fluid Mechanics - Open channel flows subjected to a longitudinal transition in roughness, from bed friction to emergent cylinder drag and vice versa, are investigated experimentally...     

Heat Gain From Thermal Radiation Through Protective Clothing With Different Insulation,Reflectivity and Vapour Permeability

The heat transferred through protective clothing under long wave radiation compared to a reference condition without radiant stress was determined in thermal manikin experiments. The influence of clothing insulation and reflectivity, and the interaction with wind and wet underclothing were considered. Garments with different outer materials and colours and additionally an aluminised reflective suit were combined with different number and types of dry and pre-wetted underwear layers. Under radiant stress, whole body heat loss decreased, i.e., heat gain occurred compared to the reference. This heat gain increased with radiation intensity, and decreased with air velocity and clothing insulation. Except for the reflective outer layer that showed only minimal heat gain over the whole range of radiation intensities, the influence of the outer garments’ material and colour was small with dry clothing. Wetting the underclothing for simulating sweat accumulation, however, caused differing effects with higher heat gain in less permeable garments.     

Recycle of bio-waste banana and sisal fiber filled harmlessness epoxy hybrid composite for automotive roof application

Insists of polymer matrix composite is prepared by using natural fiber facilitates high tensile, flexural, and impact toughness properties. The natural fiber utilization in the polymer matrix can overcome the synthetic fiber demerits of poor compatibility, high moisture absorption, and high cost. The present research investigates developing a low-cost, environmentally eco-friendly epoxy hybrid composite using different volume percentages of chopped natural waste banana (0Vol%, 5Vol%, 10Vol%, and 15Vol%) and sisal fiber (0Vol%, 15Vol%, 10Vol%, and 5Vol%) through hand mould hot compression technique. The presence of natural waste banana and sisal fiber on tensile strength, flexural strength, and thermal adsorption properties of the epoxy hybrid composite are evaluated by ASTM test standards. The ASTM standard measured test results of epoxy hybrid composite with and without natural waste banana and sisal fiber were compared and sample three was identified by good tensile strength, flexural strength, and better thermal adsorption properties compared to all others. The sample three epoxy hybrid sample is recommended for automotive roof application.