Net value royalties : Practical tool or economist's illusion?

The petroleum industry has traditionally generated substantial revenues for governments. Where governmental power is divided, as in federations like Canada and Australia, a junior level of government normally collects royalties while the senior level levies a variety of imposts (income tax, export duties, excises on production). The combination of recent sharp reductions in prices, more price volatility and an era of freer markets has subjected existing tax and royalty systems to severe strain and has shifted attention to the design of fiscal systems that are more profit- sensitive. For the royalty element, interest focuses on net value royalties (NVRs). This paper deals with the nature and problems of NVRs. It proceeds by looking first at the application of resource rent royalties in Australia. It then focuses on recent megaproject royalty arrangements in Alberta and evaluates the degree to which Alberta's current royalty system is profit- sensitive. Problems associated with NVRs are discussed in the fourth section; concluding remarks are made in the last section.     

SEDIMENT ROUTING FOR AGRICULTURAL WATERSHEDS1

ABSTRACT: A sediment routing technique was developed to route sediment yield from small watersheds through streams and valleys to the outlet of large watersheds. The technique is based on the modified universal sol loss equation and a first order decay function of travel time and particle size. Deposition is dependent upon settling velocities of sediment particles, travel time, and the amount of sediment in suspension. Sediment routing increases sediment yield prediction accuracy and allows determination of subwatershed contributions to the total sediment yield. Also, the locations and amounts of floodplain scour and deposition can be predicted. Another advantage of sediment routing is that measured sediment yield data are not required. The procedure performed satisfactorily in test routings on two Texas blackland watersheds Sediment routing will be useful in flood control evaluation, reservoir and channel design, water quality calculations, environmental impact assessment, and land-use planning.     

Analytic framework for assessing participation processes and outcomes of climate change adaptation tools

The assumptions and empirical evidence linking climate change adaptation to development cooperation have led to the emergence of a range of climate change adaptation tools aiming at improving the quality of development cooperation initiatives in times of global change. In order to assess the quality of these tools, we develop an analytic framework to critically assess the social learning and sustainable development outcomes of climate change adaptation tools. The analytic framework defines project objectives, participation typology, participation tools, participation stages, scenarios development, modelling exercises, stakeholder analysis and risk communication strategies that support quality participation outcomes.