The initial impact of EU ETS verification events on stock prices

This paper studies the impact of verified emissions publications in the European Emissions Trading Scheme (EU ETS) on the market value of participating companies. Using event study methodology on a unique sample of 368 listed companies, we show that verified emissions only resulted in statistically significant market responses when the carbon price was high and allowance scarcity was anticipated. The cross-section analysis of abnormal returns surrounding the publication of verified emissions shows that share prices decrease when actual emissions relative to allocated emissions increase. This negative relationship between allocation shortfalls and firm value is only significant for firms that are either carbon-intensive, compared to sector peers, or are less likely to pass through carbon-related costs in their product prices. The results suggest that although the EU ETS has been deemed unsuccessful so far due to over-allocation and low carbon price, shareholders initially perceived allowance holdings as value relevant. Our results highlight that a significant carbon market price and addressing pass-through costing are essential for successful future reforms of the EU ETS and other analogous carbon cap-and-trade systems implemented or planned worldwide.     

利用外转录间隔区对中国人参和西洋参进行分子鉴定

人参和西洋参是我国两种重要的中药材。两者虽然形态相似,但药性差异较大。为了建立一种简单高效的中国人参和西洋参的分子鉴别方法,作者利用从核DNA的外转录间隔(ETS)发掘的人参和西洋参单核苷酸多态性位点(SNP),分别设计了人参和西洋参的等位基因特异性引物,并利用多重PCR对人参和西洋参进行了鉴定。结果表明,作者建立的多重PCR体系可以有效地对人参、西洋参及两者的混合品进行鉴定。     

PtZn‐ETS‐2: A novel catalyst for ethane dehydrogenation

Catalysts having unprecedented selectivity toward ethane dehydrogentation were prepared by combining platinum and zinc on the surface of the titanate ETS‐2. This high surface area, sodium titanate ion exchanger affords high metal dispersion, presents many active sites to the gas stream, and is free of any pore structure that can influence mass transfer to and away from the active sites. It was determined that the addition of zinc to platinum‐loaded ETS‐2 changes the electronic properties of the metals and significantly improves the specificity of the catalyst. By changing the zinc‐to‐platinum ratio, and by manipulating the space velocity of the gas, the production of side products and coke can be suppressed or eliminated. © 2015 American Institute of Chemical Engineers AIChE J, 61: 4367–4376, 2015     

给水管壁生物膜附着异养菌与水中悬浮菌活性比较

使用生物膜培养反应器（RAB），在实验室的可控条件下，待挂片上的生物膜达到稳定后进行间歇运行，分别对生物膜中异养菌及水中悬浮菌的活性进行了研究。结果发现，在间歇运行模式下，AOC浓度随着运行时间的延长而不断下降，经过了24h后由最初的64μg／L下降到28μg／L（以乙酸碳计）。水中的悬浮菌和生物膜中异养菌的数量均随着运行时间先增加后下降，但前者波动较大。在前12h，悬浮菌和生物膜上附着细菌的活性都有所增加，之后悬浮菌的活性迅速降低，而生物膜上附着细菌的活性仅有小幅度下降，表明其对环境的适应能力要强于水中的悬浮菌。     

低碳氮比条件下外加铁源对生物脱氮性能与机理的研究

针对高氨氮废水,通过投加微量元素Fe2+强化微生物活性,研究低碳源(碳氮比不超过3)条件下外加铁源对活性污泥脱氮性能的影响以及主要反硝化功能基因的变化.结果表明:在低碳氮比(碳氮比为3)条件下,A反应器(ρ(Fe2+)=2 mg/L)的TN去除率比B反应器(ρ(Fe2+)=0 mg/L)提高了10.4％.持续投加Fe2...     

基于XDPS-400的一体化ETS设计

介绍基于XDPS-400的分散控制系统组成,并阐明了LPC模件的功能与特性,指出增加ETS可靠性应采取的措施,并对一体化ETS的特点进行了分析。     

The impact of the EU ETS on the sectoral innovation system for power generation technologies – Findings for Germany

This paper provides an overview of early changes in the sectoral innovation system for power generation technologies which have been triggered by the European Emission Trading System (EU ETS). Based on a broad definition of the sector, our research analyses the impact of the EU ETS on the four building blocks ‘knowledge and technologies’, ‘actors and networks’, ‘institutions’, and ‘demand’ by combining two streams of literature, namely systems of innovation and environmental economics. Our analysis for Germany is based on 42 exploratory interviews with experts in the field of the EU ETS, the power sector, and technological innovation. We find that the EU ETS mainly affects the rate and direction of technological change of power generation technologies within the large-scale, coal-based power generation technological regime, to which carbon capture technologies are added as a new technological trajectory. While this impact can be interpreted as the defensive behaviour of incumbents, the observed changes should not be underestimated. We argue that the EU ETS’ impact on corporate CO₂ culture and routines may prepare the ground for the transition to a low-carbon sectoral innovation system for power generation technologies.     

昆江2水电站引水隧洞开挖与衬砌

昆江2水电站隧洞全长5212m,最大开挖直径4·6m,圆形断面,隧洞系统由主隧洞、调压井、竖井等结构物组成。主隧洞开挖使用汽腿钻造孔,扒碴机配合自卸汽车出碴;砼浇筑采用泵送及大型钢模台车、滑模等先进工艺施工,保证了质量,实现了砼的快速浇筑。     

Second hand smoke and risk assessment: what was in it for the tobacco industry?

OBJECTIVE: To describe how the tobacco industry attempted to trivialise the health risks of second hand smoke (SHS) by both questioning the science of risk assessment of low dose exposure to other environmental toxins, and by comparing SHS to such substances about which debate might still exist. METHODS: Analysis of tobacco industry documents made public as part of the settlement of litigation in the USA (Minnesota trial and the Master Settlement Agreement) and available on the internet. Search terms included: risk assessment, low dose exposure, and the names of key players and organisations. RESULTS/CONCLUSION: The tobacco industry developed a well coordinated, multi-pronged strategy to create doubt about research on exposure to SHS by trying to link it to the broader discussion of risk assessment of low doses of a number of toxins whose disease burden may still be a matter of scientific debate, thus trying to make SHS their equivalent; and by attempting, through third party organisations and persons, to impugn the agencies using risk assessment to establish SHS as a hazard.