Is a stock overfished if it is depleted by overfishing? A response to the rebuttal of Agnew et al. to Froese and Proelss “Evaluation and legal assessment of certified seafood”

This contribution is a response to the rebuttal of Agnew et al. (2012) to Froese and Proelss (2012) “Evaluation and legal assessment of certified seafood”. It corrects some factually wrong statements in the rebuttal, revisits the definitions of ‘depleted’ and ‘overfished’, and notes that the rebuttal agrees with the international definition of ‘overfishing’ (F>FMSY) that was used by Froese and Proelss (2012). The rebuttal presents an analysis of 45 MSC-certified stocks. Of these, 27% are ‘depleted’ (according to the definition used by MSC) or ‘overfished’ (according to the definition used by Froese and Proelss 2012) and 16% are subject to ‘overfishing’, basically confirming the critique of Froese and Proelss (2012). This response concludes that MSC has to change its rules for certification such that (1) overfishing is not allowed and (2) ‘depleted’ stocks are marked as such. ⺠This paper confirms previous definitions of ‘overfishing’ and ‘overfished’. ⺠It notes that MSC-certified fisheries may engage in overfishing. ⺠It notes that MSC acknowledges ongoing overfishing in 16% of certified stocks. ⺠It notes that MSC acknowledges that 27% of certified stocks are depleted

Ocean iron fertilization: Why further research is needed

Despite large uncertainties in the fertilization efficiency, natural iron fertilization studies and some of the purposeful iron enrichment studies have demonstrated that Southern Ocean iron fertilization can lead to a significant export of carbon from the sea surface to the ocean interior. From an economic perspective the potential of ocean iron fertilization (OIF) is far from negligible in relation to other abatement options. Comparing the range of cost estimates to the range of estimates for forestation projects they are in the same order of magnitude, but OIF could provide more carbon credits even if high discount rates are used to account for potential leakage and non-permanence. However, the uncertainty about undesired adverse effects of purposeful iron fertilization on marine ecosystems and biogeochemistry has led to attempts to ban commercial and, to some extent, scientific experiments aimed at a better understanding of the processes involved, effectively precluding further consideration of this mitigation option. As regards the perspective of public international law, the pertinent agreements dealing with the protection of the marine environment indicate that OIF is to be considered as lawful if and to the extent to which it represents legitimate scientific research. In this respect, the precautionary principle can be used to balance the risks arising out of scientific OIF activities for the marine environment with the potential advantages relevant to the objectives of the climate change regime. As scientific OIF experiments involve only comparatively small negative impacts within a limited marine area, further scientific research must be permitted to explore the carbon sequestration potential of OIF in order to either reject this concept or integrate it into the flexible mechanisms contained in the Kyoto Protocol

Do Announcements of WTO Dispute Resolution Cases Matter? Evidence from the Rare Earth Elements Market

Rare earth elements (REEs) have gained increasing attention recently for several key reasons: 1) they are vital to many strategic industries, 2) they are relatively scarce, 3) they frequently exhibit high price fluctuations, 4) China holds a quasi-monopoly on their mining, and 5) China’s REE policy, which was overly restrictive and led to a formal complaint from the U.S., Japan, and the EU at the World Trade Organization (WTO) in 2012. This paper investigates whether the announcement of a WTO dispute resolution case has the power to fundamentally change market dynamics. We find empirical support for this notion because REE prices exhibit a structural break around the announcement of the WTO dispute, and show lower variance ratios for all tested REEs afterward. This indicates a tendency toward efficiency, although REE prices still do not follow a random walk. Similarly, we find that stock price informativeness of companies in the REE industry increases after the announcement, reflecting more firm-specific than marketwide information and less governmental influence. Finally, we show that model uncertainty for option pricing models decreases, which we measure by the lower pricing differences among them

The economic importance of rare earth elements volatility forecasts

We compare the suitability of short-memory models (ARMA), long-memory models (ARFIMA), and a GARCH model to describe the volatility of rare earth elements (REEs). We find strong support for the existence of long-memory effects. A simple long-memory ARFIMA (0, d, 0) baseline model shows generally superior accuracy both in- and out-of-sample, and is robust for various subsamples and estimation windows. Volatility forecasts produced by the baseline model also convey material forward-looking information for companies in the REEs industry. Thus, an active trading strategy based on REE volatility forecasts for these companies significantly outperforms a passive buy-and-hold strategy on both an absolute and a risk-adjusted return basis

IPIM Modeling of the Ionospheric F-2 Layer Depletion at High Latitudes During a High-Speed Stream Event

Our aim is to understand the effect of high-speed stream events on the high-latitude ionosphere and more specifically the decrease of the f(o)F(2) frequency during the entire day following the impact. First, we have selected one summertime event, for which a large data set was available: Super Dual Auroral Radar Network (SuperDARN) and European Incoherent SCATter (EISCAT) radars, Tromso and Sodankyla ionosondes, and the CHAllenging Minisatellite Payload (CHAMP) satellite. We modeled with the IPIM model (IRAP Plasmasphere Ionosphere Model) the dynamics of the ionosphere at Tromso and Sodankyla using inputs derived from the data. The simulations nicely match the measurements made by the EISCAT radar and the ionosondes, and we showed that the decrease of f(o)F(2) is associated with a transition from F-2 to F-1 layer resulting from a decrease of neutral atomic oxygen concentration. Modeling showed that electrodynamics can explain short-term behavior on the scale of a few hours, but long-term behavior on the scale of a few days results from the perturbation induced in the atmosphere. Enhancement of convection is responsible for a sharp increase of the ion temperature by Joule heating, leading through chemistry to an immediate reduction of the F-2 layer. Then, ion drag on neutrals is responsible for a rapid heating and expansion of the thermosphere. This expansion affects atomic oxygen through nonthermal upward flow, which results in a decrease of its concentration and amplifies the decrease of [O]/[N-2] ratio. This thermospheric change explains long-term extinction of the F-2 layer.Peer reviewe

Evaluation of marine subareas of Europe using life history parameters and trophic levels of selected fish populations

European marine waters include four regional seas that provide valuable ecosystem services to humans, including fish and other seafood. However, these marine environments are threatened by pressures from multiple anthropogenic activities and climate change. The European Marine Strategy Framework Directive (MSFD) was adopted in 2008 to achieve good environmental status (GEnS) in European Seas by year 2020, using an Ecosystem Approach. GEnS is to be assessed using 11 descriptors and up to 56 indicators. In the present analysis two descriptors namely "commercially exploited fish and shellfish populations" and "food webs" were used to evaluate the status of subareas of FAO 27 area. Data on life history parameters, trophic levels and fisheries related data of cod, haddock, saithe, herring, plaice, whiting, hake and sprat were obtained from the FishBase online database and advisory reports of International Council for the Exploration of the Sea (ICES). Subareas inhabited by r and K strategists were identified using interrelationships of life history parameters of commercially important fish stocks. Mean trophic level (MTL) of fish community each subarea was calculated and subareas with species of high and low trophic level were identified. The Fish in Balance (FiB) index was computed for each subarea and recent trends of FiB indices were analysed. The overall environmental status of each subarea was evaluated considering life history trends, MTL and FiB Index. The analysis showed that subareas I, II, V, VIII and IX were assessed as "good" whereas subareas III, IV, VI and VII were assessed as "poor". The subareas assessed as "good" were subject to lower environmental pressures, (less fishing pressure, less eutrophication and more water circulation), while the areas with "poor" environment experienced excessive fishing pressure, eutrophication and disturbed seabed. The evaluation was based on two qualitative descriptors ("commercially exploited fish and shellfish populations" and "food webs") is therefore more robust (C) 2015 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).Erasmus Mundus Joint Doctorate in Marine and Coastal Management (MACOMA); EC 7FP grant [308392]info:eu-repo/semantics/publishedVersio

Case-Control Cohort Study of Patients' Perceptions of Disability in Mastocytosis

BACKGROUND: Indolent forms of mastocytosis account for more than 90% of all cases, but the types and type and severity of symptoms and their impact on the quality of life have not been well studied. We therefore performed a case-control cohort study to examine self-reported disability and impact of symptoms on the quality of life in patients with mastocytosis. METHODOLOGY/PRINCIPAL FINDINGS: In 2004, 363 mastocytosis patients and 90 controls in France were asked to rate to their overall disability (OPA score) and the severity of 38 individual symptoms. The latter was used to calculate a composite score (AFIRMM score). Of the 363 respondents, 262 were part of an ongoing pathophysiological study so that the following data were available: World Health Organization classification, standard measures of physical and psychological disability, existence of the D816V KIT mutation, and serum tryptase level. The mean OPA and AFIRMM scores and the standard measures of disability indicated that most mastocytosis patients suffer from disabilities due to the disease. Surprisingly, the patient's measurable and perceived disabilities did not differ according to disease classification or presence or absence of the D816V KIT mutation or an elevated (> or = 20 ng/mL) serum tryptase level. Also, 32 of the 38 AFIRMM symptoms were more common in patients than controls, but there were not substantial differences according to disease classification, presence of the D816V mutation, or the serum tryptase level. CONCLUSIONS: On the basis of these results and for the purposes of treatment, we propose that mastocytosis be first classified as aggressive or indolent and that indolent mastocytosis then be categorized according to the severity of patients' perceived symptoms and their impact on the quality of life. In addition, it appears that mastocytosis patients suffer from more symptoms and greater disability than previously thought, that mastocytosis may therefore be under-diagnosed, and that the symptoms of the indolent forms of mastocytosis might be due more to systemic release of mediators than mast cell burden

Marine mammals and Good Environmental Status: Science, Policy and Society; Challenges and Opportunities

The Marine Strategy Framework Directive has become the key instrument for marine conservation in European seas. We review its implementation, focusing on cetacean biodiversity, using the examples of Spain and the Regional Seas Convention, OSPAR. The MSFD has been widely criticised for legal vagueness, lack of coordination, uncertainty about funding, and poor governance; its future role within EU Integrated Maritime Policy remains unclear. Nevertheless, the first stages of the process have run broadly to schedule: current status, environmental objectives and indicators have been described and the design of monitoring programmes is in progress, drawing on experience with other environmental legislation. The MSFD is now entering its critical phase, with lack of funding for monitoring, limited scope for management interventions, and uncertainty about how conservation objectives will be reconciled with the needs of other marine and maritime sectors, being among the main concerns. Clarity in governance, about the roles of the EU, Member States, Regional Seas Conventions and stakeholders, is needed to ensure success. However, even if (as seems likely) good environmental status cannot be achieved by 2020, significant steps will have been taken to place environmental sustainability centre-stage in the development of Integrated Maritime Policy for EU seas.Postprin