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1.
The prospect of learning about various uncertainties relevant to analyses of the climate change issue is important because it can affect estimates of the costs of both damages and mitigation, and it can influence the optimal timing of emissions reductions. Baseline scenarios representing future emissions in the absence of mitigation are one of the major sources of uncertainty. Here we investigate how fast we might realistically expect to learn about the outlook for long-term population growth, as one determinant of future baseline emissions. That is, we estimate how long it might take to substantially revise current estimates of the likelihood of various population size outcomes over the twenty-first century. We draw on recent work showing that, because population growth is path dependent, we can learn about the long term outlook by waiting to observe how population changes in the short term. We then explore the implications of uncertainty and of this learning potential for mitigation costs and for optimal emissions. Using a simple model, we show that uncertainty in population growth translates into an uncertainty in the optimal tax rate of about $200/tC by 2050 for a range of stabilization levels. When learning is taken into account, it allows for mitigation strategies to change in response to new information, leading to a slight reduction in the expected value of mitigation costs, and a substantial reduction in the likelihood of high cost outcomes. We also find that while learning can lead to large revisions over the next few decades in anticipated population growth, this potential does not imply large changes in near-term optimal emissions reductions. Results suggest that further work on the potential for learning about other determinants of emissions could have larger effects on expected mitigation costs.  相似文献   

2.
The goal of this study is to show how to quantify the benefits of accelerated learning about key parameters of the climatic system and use this knowledge to improve decision-making on climate policy. The US social cost of carbon (SCC) methodology is used in innovative ways to value new Earth observing systems (EOSs). The study departs from the strict US SCC methodology, and from previous work, in that net benefits are used instead of only damages to calculate the value of information of the enhanced systems. In other respects the US SCC methodology is followed closely. We compute the surfeit expected net benefits of learning the actionable information earlier, with the enhanced system, versus learning later with existing systems. The enhanced systems are designed to give reliable information about climate sensitivity on accelerated timescales relative to existing systems; therefore, the decision context stipulates that a global reduced emissions path would be deployed upon receiving suitable information on the rate of temperature rise with a suitable level of confidence. By placing the enhanced observing system in a decision context, the SCC enables valuing this system as a real option.

Policy relevance

Uncertainty in key parameters of the climatic system is often cited as a barrier for near-term reductions of carbon emissions. It is a truism among risk managers that uncertainty costs money, and its reduction has economic value. Advancing policy making under uncertainty requires valuing the reduction in uncertainty. Using CLARREO, a new proposed EOS,as an example, this article applies value of information/real option theory to value the reduction of uncertainty in the decadal rate of temperature rise. The US interagency social cost of carbon directive provides the decision context for the valuations. It is shown that the real option value of the uncertainty reduction, relative to existing observing systems, is a very large multiple of the new system's cost.  相似文献   

3.
An assessment of the post-Kyoto climate change negotiations, and the altered role of climate finance post-financial crisis, is presented. First, the paradigm shift of the Cancun Agreements is examined from an historical perspective and it is shown that the impasse in the negotiations, caused by the underlying over-emphasis on burden sharing reductions in emissions, can be overcome. Second, using information from two modelling exercises, it is demonstrated how climate finance can encourage the decoupling of carbon emissions from economic growth and thereby help align the development pattern with global climate goals. Third, a framework to place carbon finance within current discussions is sketched regarding both the reformation of the world financial systems and the facilitation of a sustainable economic recovery that is beneficial for North and South while addressing the low-carbon transition. It is concluded that upgrading climate finance is the key to triggering the shift to a low-carbon society and a system is proposed in which an agreed social cost of carbon is used to support the establishment of carbon emissions certificates to reorient a significant portion of global savings towards low-carbon investments.

Policy relevance

Investments that align development and climate objectives are shown to substantially lower the social cost of carbon and deliver long-term carbon emissions reductions. These reductions are greater than those contributed by the sole carbon price signal generated by a world cap-and-trade system. Carbon finance, as a part of the broader reform of financial systems and overseas aid, can help overcome the dual adversity of climate and financial crisis contexts. The carbon certificate, with an upfront agreed social cost of carbon, can be used as its instrument. The portion of the banking system that intends to reorient a significant part of world savings towards low-carbon investments could thus issue such carbon certificates. By giving carbon assets the status of a reserve currency, the system could even respond to the need of emerging countries to diversify their foreign exchange reserves and trigger a wave of worldwide sustainable growth through infrastructure markets.  相似文献   

4.
《Climate Policy》2013,13(3):309-326
Abstract

Carbon dioxide emissions from UK energy use have fallen by more than 20% over the last 30 years, and carbon intensity—carbon emissions per unit of GDP—has halved. These reductions have been achieved by a combination of decarbonisation of the energy system and substantial improvements in energy efficiency. Use of natural gas in power generation has been a big factor in recent years, but energy efficiency improvements in households and particularly industry have been more important over a longer period. Government policies designed primarily to address climate change have not been important contributors, until recently.

Future reductions in emissions will require more proactive policies. However, they are possible without any economic difficulties, notably by adopting cost-effective energy efficiency measures, using new renewable energy sources and reducing dependence on private cars. These policies will improve economic efficiency. The new UK Climate Change Programme includes policies that combine regulation, investment, fiscal measures and other economic instruments. By working with the grain of other social, environmental and economic policies, they can achieve far more than a carbon tax alone, set at any politically acceptable level. Modelling the costs of emission reductions using a carbon tax as the only instrument would not only massively over-estimate costs, it would bear little resemblance to real world politics.

The paper demonstrates that a more diverse set of policy instruments is likely to be an effective and politically acceptable approach in a mature industrial economy. It is concluded that the UK's Kyoto target of a 12.5% reduction in greenhouse gas emissions is not challenging. The UK Government's target of reducing carbon dioxide emissions by 20% between 1990 and 2010 is also achievable. By 2010 per capita emissions from the UK will be well below 2.5 tC per year. Claims that some countries, notably the USA, could not reduce per capita emissions below 6 tC per year seem inconsistent with this experience.  相似文献   

5.
The recent change in US presidential administrations has introduced significant uncertainty about both domestic and international policy support for continued reductions in GHG emissions. This brief analysis estimates the potential climate ramifications of changing US leadership, contrasting the Mid-Century Strategy for Deep Decarbonization (MCS) released under the Obama Administration, with campaign statements, early executive actions, and prevailing market conditions to estimate potential emission pathways under the Trump Administration. The analysis highlights areas where GHG reductions are less robust to changing policy conditions, and offers brief recommendations for addressing emissions in the interim. It specifically finds that continued reductions in the electricity sector are less vulnerable to changes in federal policy than those in the built environment and land use sectors. Given the long-lived nature of investments in these latter two sectors, however, opportunities for near-term climate action by willing cities, states, private landowners, and non-profit organizations warrant renewed attention in this time of climate uncertainty.

Key policy insights

  • The recent US presidential election has already impacted mitigation goals and practices, injecting considerable uncertainty into domestic and international efforts to address climate change.

  • A strategic assessment issued in the final days of the Obama Administration for how to reach long-term climate mitigation objectives provides a baseline from which to gauge potential changes under the Trump Administration.

  • Though market trends may continue to foster emission declines in the energy sector, emission reductions in the land use sector and the built environment are subject to considerable uncertainty.

  • Regardless of actions to scale back climate mitigation efforts, US emissions are likely to be flat in the coming years. Assuming that emissions remain constant under President Trump and that reductions resume afterwards to meet the Obama Administration mid-century targets in 2050, this near-term pause in reductions yields a difference in total emissions equivalent to 0.3–0.6 years of additional global greenhouse gas emissions, depending on the number of terms served by a Trump Administration.

  相似文献   

6.
The light bulb ban introduced by the EU is used as an example to illustrate how to assess the climate impact of a policy that overlaps with a cap-and-trade scheme. The European Commission estimates that by 2020 the reduction in GHG emissions induced by banning incandescent light bulbs will reach 15 million tons annually. The number is a conservative estimate for the reduction in emissions from lighting if the total residential stock of incandescent light bulbs in 2008 is replaced by more efficient lighting sources. However, it ignores that use-phase and some non-use-phase emissions are covered by the EU Emission Trading Scheme (EU ETS). This drastically reduces the amount of GHG emissions saved.

Policy relevance

Several policies such as the EU-wide ban on incandescent light bulbs, energy efficiency mandates and support mechanisms for renewable energy overlap with the EU ETS. While there are typically several justifications for these policies, a chief reason is the reduction of GHG emissions. However, given that the aggregate emissions of the industries covered are fixed by the EU ETS, the climate change mitigation aspect of these policies is not obvious. Using the light bulb ban as an example, this article illustrates how a focus on non-EU ETS emissions changes the assessment of an intervention in terms of GHG reductions.  相似文献   

7.
In conventional thinking on climate negotiations, traditional fossil fuel-based economic growth is coupled with carbon emissions, thus mitigation has been regarded as a burden on economic growth. The scarcity within the global emission budget and the interpretation of climate change as ‘global public goods’ have led climate change negotiations into a burden-sharing deadlock. However, some recent economics studies suggest that mitigation could actually promote local economic growth opportunities; consequently increasing the incentives for unilateral mitigation actions. This article highlights the implications for the strategies of unlocking the climate negotiations deadlock. Following an explanation of how climate change negotiations have led to a burden-sharing game and have become a deadlock, some new ways of thinking (based on the emerging literature) are used to suggest how mitigation could promote local economic growth.Policy relevanceOne policy implication is the need to change the current mindset in global climate change negotiations. The current framing of burden-sharing can be abandoned in favour of opportunity-sharing. This more positive approach will stimulate progress on climate action. Therefore, green growth should be situated at the heart of post-2020 climate change regime. A new two-track architecture is proposed for achieving the transformation as a combined top-down and bottom-up approach. A lower legally binding target based on equity principles of common but differentiated responsibilities (CBDR) could form a more politically realistic and inclusive basis for participation. To complement this, a green growth club would promote a higher voluntary global ambition and accelerate mitigation.  相似文献   

8.
Emissions from the production of iron and steel could constitute a significant share of a 2°C global emissions budget (around 19% under the IEA 2DS scenario). They need to be reduced, and this could be difficult under nationally based climate policy approaches. We compare a new set of nationally based modelling (the Deep Decarbonization Pathways Project) with best practice and technical limit benchmarks for iron and steel and cement emissions. We find that 2050 emissions from iron and steel and cement production represent an average 0.28?tCO2 per capita in nationally based modelling results, very close to the technical limit benchmark of 0.21?tCO2 per capita, and over 2.5 times lower than the best practice benchmark of 0.72?tCO2 per capita. This suggests that national projections may be overly optimistic about achievable emissions reductions in the absence of global carbon pricing and an international research and development effort to develop low emissions technologies for emissions-intensive products. We also find that equal per capita emissions targets, often the basis of proposals for how global emissions budgets should be allocated, would be inadequate without global emissions trading. These results show that a nationally based global climate policy framework, as has been confirmed in the Paris Agreement, could lead to risks of overshooting global emissions targets for some countries and carbon leakage. Tailored approaches such as border taxes, sectoral emissions trading or carbon taxes, and consumption-based carbon pricing can help, but each faces difficulties. Ultimately, global efforts are needed to improve technology and material efficiency in emissions-intensive commodities manufacturing and use. Those efforts could be supported by technology standards and a globally coordinated R&D effort, and strengthened by the adoption of global emissions budgets for emissions-intensive traded goods.

Policy relevance

This article presents new empirical findings on global iron and steel and cement production in a low-carbon world economy, demonstrates the risks associated with a nationally based global climate policy framework as has been confirmed in the Paris Agreement, and analyses policy options to deal with those risks.  相似文献   

9.
Minimizing the future impacts of climate change requires reducing the greenhouse gas (GHG) load in the atmosphere. Anthropogenic emissions include many types of GHG’s as well as particulates such as black carbon and sulfate aerosols, each of which has a different effect on the atmosphere, and a different atmospheric lifetime. Several recent studies have advocated for the importance of short timescales when comparing the climate impact of different climate pollutants, placing a high relative value on short-lived pollutants, such as methane (CH4) and black carbon (BC) versus carbon dioxide (CO2). These studies have generated confusion over how to value changes in temperature that occur over short versus long timescales. We show the temperature changes that result from exchanging CO2 for CH4 using a variety of commonly suggested metrics to illustrate the trade-offs involved in potential carbon trading mechanisms that place a high value on CH4 emissions. Reducing CH4 emissions today would lead to a climate cooling of approximately ~0.5 °C, but this value will not change greatly if we delay reducing CH4 emissions by years or decades. This is not true for CO2, for which the climate is influenced by cumulative emissions. Any delay in reducing CO2 emissions is likely to lead to higher cumulative emissions, and more warming. The exact warming resulting from this delay depends on the trajectory of future CO2 emissions but using one business-as usual-projection we estimate an increase of 3/4 °C for every 15-year delay in CO2 mitigation. Overvaluing the influence of CH4 emissions on climate could easily result in our “locking” the earth into a warmer temperature trajectory, one that is temporarily masked by the short-term cooling effects of the CH4 reductions, but then persists for many generations.  相似文献   

10.
Carbon dioxide emissions need to be reduced well below current emissions if atmospheric concentrations are to be stabilised at a level likely to avoid dangerous climate change. We investigate how delays in reducing CO2 emissions affect stabilisation scenarios leading to overshooting of a target concentration pathway. We show that if geo-engineering alone is used to compensate for the delay in reducing CO2 emissions, such an option needs to be sustained for centuries even though the period of overshooting emissions may only last for a few decades. If geo-engineering is used for a shorter period, it has to be associated with emission reductions significantly larger than those required to stabilise CO2 without overshooting the target. In the presence of a strong climate–carbon cycle feedback the required emission reductions are even more drastic.  相似文献   

11.
The stakes for alleviating poverty and avoiding unbridled climate change are inextricably linked. Climate change impacts will slow down and may even reverse trends in poverty reduction. The pathways consistent with global warming of no more than 2?°C require strategies for poverty alleviation to make allowance for the constraint of low-carbon development. Existing climate funds have failed to target poverty alleviation as a high-priority strategy for adaptation or as a component of low-carbon development. This article proposes a funding window as part of the Green Climate Fund in order to foster synergies targeting greater satisfaction of basic needs, while making allowance for adaptation and mitigation. This financial mechanism is based on indicators of the satisfaction of basic needs and could respond to the claims of the developing countries, which see alleviating poverty as the first priority in climate negotiations. It defines a country continuum, given that there are poor people everywhere; all developing countries are therefore eligible with a mechanism of this sort.

Policy relevance

The Intergovernmental Panel on Climate Change (IPCC) calls for substantial emissions reductions and adaptation strategies over the next decades to reduce the high risks of severe impacts of climate change over the 21st century. Industrialized countries and developing countries alike recognize the need to mitigate climate change and to adapt to it. But they face many challenges that lead to an ‘emissions gap’ between an emissions level consistent with the 2?°C increase limit and the voluntary pledges that they have made thus far in the climate negotiations (United Nations Environment Programme. (2014). The Emissions Gap Report 2014. A UNEP synthesis report). In this arena, many developing countries underline that their first domestic priority is the satisfaction of basic needs. In the run-up to the next climate negotiations at the 21st Conference of the Parties (COP 21) in Paris, the proposed poverty-adaptation-mitigation funding window could contribute to alleviate the conflict between development and climate goals in developing countries. In this sense, it could spur developing countries to integrate more ambitious emissions limitations pledges into their Intended Nationally Determined Contributions. This could in turn entice industrialized countries to act similarly. In the end, it could pave the way to an ambitious climate agreement in Paris at COP 21.  相似文献   

12.
Should energy projects to extend the use of natural gas be considered for funding under public climate finance commitments? This article provides an overview of evidence for and against climate finance for natural gas projects. The argument focuses on a case study, the UK’s International Climate Fund (ICF). This synthesis concludes that gas-related projects will rarely be eligible for funding under public climate finance, save a few exceptions in which they provide energy access to households directly. Although gas power plants have generally lower emissions than those which use other fossil fuels such as coal, their impact will depend on the material constraints to calculate emissions reductions, the context of implementation, and the political economy of the target country. Three case studies demonstrate that energy access projects need to be understood as providing a whole range of sustainable benefits, from improving local health to reducing emissions. Overall, gas-related projects are complex interventions that require context-specific knowledge of both the effects of technology and the possible business models that can work in context.

POLICY RELEVANCE

This article investigates whether projects related to natural gas constitute an appropriate use of public climate finance, with a particular focus on the UK’s International Climate Fund. Policy makers in developed countries will decide in the coming years how to use public climate finance; that is, the fraction of overseas development assistance (ODA) for climate change mitigation and adaptation. In the UK, for example, the ICF is the most important instrument to provide climate finance for developing countries. In 2013, the UK set out a clear position ‘to end support for public financing of new coal-fired power plants overseas, except in rare circumstances.’ This ban has fostered debate about whether similar positions should follow for other fossil fuels such as natural gas, specifically in the context of ICF funding. Similar debates are taking place in other countries such as Germany and Norway, and are informing the implementation of international facilities such as the Green Climate Fund.  相似文献   

13.
‘Scepticism’ in public attitudes towards climate change is seen as a significant barrier to public engagement. In an experimental study, we measured participants’ scepticism about climate change before and after reading two newspaper editorials that made opposing claims about the reality and seriousness of climate change (designed to generate uncertainty). A well-established social psychological finding is that people with opposing attitudes often assimilate evidence in a way that is biased towards their existing attitudinal position, which may lead to attitude polarisation. We found that people who were less sceptical about climate change evaluated the convincingness and reliability of the editorials in a markedly different way to people who were more sceptical about climate change, demonstrating biased assimilation of the information. In both groups, attitudes towards climate change became significantly more sceptical after reading the editorials, but we observed no evidence of attitude polarisation—that is, the attitudes of these two groups did not diverge. The results are the first application of the well-established assimilation and polarisation paradigm to attitudes about climate change, with important implications for anticipating how uncertainty—in the form of conflicting information—may impact on public engagement with climate change.  相似文献   

14.
International negotiations under the UN Framework Convention on Climate Change could take several different approaches to advance future mitigation commitments. Options range from trying to reach consensus on specific long-term atmospheric concentration targets (e.g. 550 ppmv) to simply ignoring this contentious issue and focusing instead on what can be done in the nearer term. This paper argues for a strategy that lies between these two extremes. Internationally agreed threshold levels for certain categories of impacts or of risks posed by climate change could be translated into acceptable levels of atmospheric concentrations. This could help to establish a range of upper limits for global emissions in the medium term that could set the ambition level for negotiations on expanded GHG mitigation commitments. The paper thus considers how physical and socio-economic indicators of climate change impacts might be used to guide the setting of such targets. In an effort to explore the feasibility and implications of low levels of stabilisation, it also quantifies an intermediate global emission target for 2020 that keeps open the option to stabilise at 450 ppmv CO2 If new efforts to reduce emissions are not forthcoming (e.g. the Kyoto Protocol or similar mitigation efforts fail), there is a significant chance that the option of 450 ppmv CO2 is out of reach as of 2020. Regardless of the preferred approach to shaping new international commitments on climate change, progress will require improved information on the avoided impacts climate change at different levels of mitigation and careful assessment of mitigation costs.  相似文献   

15.
Tropical rainforest plays an important role in the global carbon cycle, accounting for a large part of global net primary productivity and contributing to CO2 sequestration. The objective of this work is to simulate potential changes in the rainforest biome in Central America subject to anthropogenic climate change under two emissions scenarios, RCP4.5 and RCP8.5. The use of a dynamic vegetation model and climate change scenarios is an approach to investigate, assess or anticipate how biomes respond to climate change. In this work, the Inland dynamic vegetation model was driven by the Eta regional climate model simulations. These simulations accept boundary conditions from HadGEM2-ES runs in the two emissions scenarios. The possible consequences of regional climate change on vegetation properties, such as biomass, net primary production and changes in forest extent and distribution, were investigated. The Inland model projections show reductions in tropical forest cover in both scenarios. The reduction of tropical forest cover is greater in RCP8.5. The Inland model projects biomass increases where tropical forest remains due to the CO2 fertilization effect. The future distribution of predominant vegetation shows that some areas of tropical rainforest in Central America are replaced by savannah and grassland in RCP4.5. Inland projections under both RCP4.5 and RCP8.5 show a net primary productivity reduction trend due to significant tropical forest reduction, temperature increase, precipitation reduction and dry spell increments, despite the biomass increases in some areas of Costa Rica and Panama. This study may provide guidance to adaptation studies of climate change impacts on the tropical rainforests in Central America.  相似文献   

16.
《Climate Policy》2013,13(2-3):197-209
Abstract

Korea, straddled between developing and developed country status, is facing challenges and opportunities in energy use and climate change mitigation potential. Unlike other OECD countries, Korea's greenhouse gas (GHG) emissions are expected to continue to grow for the next two decades. The responses Korea could take to lower emissions without hampering economic development have an important bearing on the global response to climate change. This paper summarizes and evaluates mitigation strategies and major options for Korea in the energy sector, a major contributor to GHG emissions.  相似文献   

17.
Negative learning   总被引:1,自引:1,他引:0  
New technical information may lead to scientific beliefs that diverge over time from the a posteriori right answer. We call this phenomenon, which is particularly problematic in the global change arena, negative learning. Negative learning may have affected policy in important cases, including stratospheric ozone depletion, dynamics of the West Antarctic ice sheet, and population and energy projections. We simulate negative learning in the context of climate change with a formal model that embeds the concept within the Bayesian framework, illustrating that it may lead to errant decisions and large welfare losses to society. Based on these cases, we suggest approaches to scientific assessment and decision making that could mitigate the problem. Application of the tools of science history to the study of learning in global change, including critical examination of the assessment process to understand how judgments are made, could provide important insights on how to improve the flow of information to policy makers.  相似文献   

18.
《Climate Policy》2013,13(3):191-205
Abstract

In response to Article 2.2 of the Kyoto Protocol, the International Maritime Organisation (IMO) and the International Civil Aviation Organisation (ICAO) have begun to consider greenhouse gas (GHG) emissions from international aviation and shipping. However, neither ICAO nor IMO have taken any effective action on the issue yet and progress can be characterised as slow. The lack of action has so far not been made up for by measures within the climate change regime or by individual countries. An important motivation for the efforts of ICAO and IMO so far has been the potential regulatory competition with the climate change regime. However, given the lack of political will to act on the issue within the latter, this motivation has not been very forceful. Against this backdrop, I argue that there are in particular three options for furthering progress within ICAO and IMO, namely (1) enhancing the threat of regulation of GHG emissions from international transport under the climate change regime; (2) undertaking unilateral domestic action by various countries (in particular the EU); and (3) furthering a learning process within ICAO and IMO. Furthermore, a closer coordination of efforts under ICAO, IMO and the climate change regime could facilitate and accelerate progress.  相似文献   

19.
Biological activities that sequester carbon create CO2 offset credits that could obviate the need for reductions in fossil fuel use. Credits are earned by storing carbon in terrestrial ecosystems and wood products, although CO2 emissions are also mitigated by delaying deforestation, which accounts for one-quarter of anthropogenic CO2 emissions. However, non-permanent carbon offsets from biological activities are difficult to compare with each other and with emissions reduction because they differ in how long they prevent CO2 from entering the atmosphere. This is the duration problem. It results in uncertainty and makes it hard to determine the legitimacy of biological activities in mitigating climate change. Measuring, verifying and monitoring the carbon sequestered in sinks greatly increases transaction costs and leads to rent seeking by sellers of dubious sink credits. While biological sink activities undoubtedly help mitigate climate change and should not be neglected, it is shown that there are limits to the substitutability between temporary offset credits from these activities and emissions reduction, and that this has implications for carbon trading. A possible solution to inherent incommensurability between temporary and permanent credits is also suggested.  相似文献   

20.
Abstract

A series of meetings of two ‘Citizen Panels’ were held to explore public perceptions of off-shore carbon dioxide (CO2) capture and storage (CCS). In addition, a face-to-face survey of 212 randomly selected individuals was conducted. We found that, on first hearing about CCS in the absence of any information on its purpose, the majority of people either do not have an opinion at all or have a somewhat negative perspective. However, when (even limited) information is provided on the role of CO2 storage in reducing CO2 emissions to the atmosphere, opinion shifts towards expressing slight support for the concept.

Support depends, however, upon concern about human-caused climate change, plus recognition of the need for major reductions in CO2 emissions. It also depends upon CCS being seen as just one part of a wider strategy for achieving significant cuts in CO2 emissions. A portfolio including renewable energy technologies, energy efficiency, and lifestyle change to reduce demand was generally favoured. CCS can be part of such a portfolio, but wind, wave, tidal, solar and energy efficiency were preferred. It was felt that uncertainties concerning the potential risks of CCS had to be better addressed and reduced; in particular the risks of accidents and leakage (including the potential environmental, ecosystem and human health impacts which might result from leakage).  相似文献   

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