Green bond financing, environmental regulation, and long-term value orientation: evidence from Chinese-listed companies.

In recent years, green bonds have become an important part of the green financial system. In this paper, we investigate theoretically and empirically how green bond financing impacts corporate long-term value orientation. To study this relationship, we manually collect green bond financing data and use Python to construct a measure reflecting corporate long-term value. Using a sample of Chinese A-share bond issuing companies from 2016 to 2021, we find that (1) green bond financing can significantly promote companies to pursue long-term value, in which financing costs, management's strategic risk-taking, and external supervision are the underlying mechanisms. (2) There is a synergistic effect between green bond financing and environmental regulation, which can jointly improve the intensity of corporate long-term value orientation. (3) The relationship between green bond financing and corporate long-term value is more significant in enterprises with heavily polluting, lower risk-taking levels, less strategic change, and lower financial mismatch risk. Our findings reveal the "corrective" effect of green bond financing on management's strategic decision-making, which provides new empirical evidence for comprehensively and accurately evaluating the role of green bonds and promoting the development of the green bond market.

Emission characteristics, risk assessment and scale effective control of VOCs from automobile repair industry in Beijing.

Automobile repair is regarded as a typical domestic source of VOCs in China characterized by numerous sites, wide dispersion and intermittent VOCs emissions. It is of great importance to study and control VOCs from such activities. In this research, emission characteristics, risk assessment and scale effective control of VOCs from automobile repair in Beijing were studied. Results showed that coating spraying and baking were the main processes of VOCs and the major species determined were mostly oxygen-containing VOCs and aromatic hydrocarbons in the case of solvent-based coating usage. Meanwhile, alkanes were determined and accounted for 40 % of total VOCs emissions during the water-based coating spraying and baking. Generally, the total determined VOCs during the automobile repair processes were 1.06-1.27 mg/m3 and 2.93-53.46 mg/m3 for the usage of water-based and solvent-based paint, respectively. Health risk assessments indicated that the residents in the region about 30 m high within a radius of 20 m around the automobile repair plants might suffer from both serious non-carcinogenic and carcinogenic risk threats in the case of solvent-based coating usage in that the values of total hazard index (HI) represented by dichloropropane and acrolein were higher than 1 and the value of lifetime cancer risk (LCR) represented by dichloroethane was higher than 10-5. Besides, those in the region about 30 m high and within a wider radius of 340 m might suffer from carcinogenic risk threat with a certain probability (LCR > 10-6) no matter either solvent-based or water-based coatings were used. As for the scale control of VOCs from automobile repair, independent adsorption by activated carbon combined with mobile regeneration by catalytic combustion was also proposed as an efficient way.

Critical assessment of DNA adenine methylation in eukaryotes using quantitative deconvolution.

The discovery of N6-methyldeoxyadenine (6mA) across eukaryotes led to a search for additional epigenetic mechanisms. However, some studies have highlighted confounding factors that challenge the prevalence of 6mA in eukaryotes. We developed a metagenomic method to quantitatively deconvolve 6mA events from a genomic DNA sample into species of interest, genomic regions, and sources of contamination. Applying this method, we observed high-resolution 6mA deposition in two protozoa. We found that commensal or soil bacteria explained the vast majority of 6mA in insect and plant samples. We found no evidence of high abundance of 6mA in Drosophila, Arabidopsis, or humans. Plasmids used for genetic manipulation, even those from Dam methyltransferase mutant Escherichia coli, could carry abundant 6mA, confounding the evaluation of candidate 6mA methyltransferases and demethylases. On the basis of this work, we advocate for a reassessment of 6mA in eukaryotes.

Pollution characteristics and risk assessment of air multi-pollutants from typical e-waste dismantling activities.

This study investigated the characteristics of air multi-pollutants emitted during typical electronic waste (e-waste) dismantling processes and assessed their risks to the environment and human health. Concentrations of total volatile organic compounds (TVOCs), polybrominated diphenyl ethers (PBDEs), and polycyclic aromatic hydrocarbons (PAHs) in a typical e-waste dismantling workshop were 137 µg/m3, 135 ng/m3 and 42 ng/m3, respectively, which were lower than those without emission control measures. The partial removal of pollutants due to the emission control measures also decreased the ozone formation potential and non-cancer risk of volatile organic compounds (VOCs). In the workshop, the lifetime cancer risk (LCR) of VOCs (8.1 × 10-5) was close to the recommended values. Conversely, the LCR of PAHs (3.6 × 10-5) and the total exposure index of PBDEs (19 ng/d) were remarkably lower than the recommended values of 10-3 and that without emission control measures, respectively. Meanwhile, the concentrations of TVOCs, polychlorinated dibenzo-p-dioxins/furans (PCDD/Fs), PBDEs, and PAHs in the outlet were approximately 10-30 times higher than those in the workshop. In addition, the LCR of TVOCs within a 5-km radius area remained higher than the accepted value (10-6), and the inhalation exposure risk of PCDD/Fs within a 20-km radius area was five times higher than the recommended value. Therefore, the emissions from e-waste recycling processes should be considered as an important source of air pollution, and more efficient control measures should be taken in the future.

Development of Human Lung Induction Models for Air Pollutants' Toxicity Assessment.

There is an urgent need for reliable and effective models to study air pollution health effects on human lungs. Here, we report the utilization of human pluripotent stem cell (hPSC) induction models for human lung progenitor cells (hLPs) and alveolar type 2 epithelial cell-like cells (ATLs) for the toxicity assessment of benzo(a)pyrene, nano-carbon black, and nano-SiO2, as common air pollutants. We induced hPSCs to generate ATLs, which recapitulated key features of human lung type 2 alveolar epithelial cells, and tested the induction models for cellular uptake of nanoparticles and toxicity evaluations. Our findings reveal internalization of nano-carbon black, dose-dependent uptake of nano-SiO2, and interference with surfactant secretion in ATLs exposed to benzo(a)pyrene/nano-SiO2. Thus, hLP and ATL induction models could facilitate the evaluation of environmental pollutants potentially affecting the lungs. In conclusion, this is one of the first studies that managed to adopt hPSC pulmonary induction models in toxicology studies.

Integrating opportunistic glaucoma screening into general health examinations in China: A pilot study.

IMPORTANCE: Under-detection and late diagnosis are major causes of glaucoma-related visual impairment. Cost-effective opportunistic glaucoma screening is of great interest in the early identification and prevention of glaucoma. BACKGROUND: To describe the results of a health examination centre-based opportunistic glaucoma screening and referral model. DESIGN: This single centre cross-sectional study was conducted in a health examination centre affiliated to a tertiary hospital in Shenyang, northeastern China. PARTICIPANTS: From 21 March to 30 September 2016, 14 367 individuals aged ≥ 30 years undergoing routine physical examinations were invited for this glaucoma screening. METHODS: Presenting visual acuity, non-contact pneumotonometry and non-mydriatic fundus photography were evaluated. Fundus photographs were classified as non-glaucoma, possible, probable and definitive glaucoma. Participants with probable and definite glaucomatous discs or intraocular pressure ≥ 24 mmHg were referred for definitive examinations. MAIN OUTCOME MEASURES: Detection rate of glaucoma suspects and ocular hypertension (OHT). Cost to identify a single case with suspected and diagnosed glaucoma was also calculated. RESULTS: Altogether, 277 glaucoma suspects and 327 ocular hypertension suspects were identified. Among 190 participants with probable/definite glaucomatous discs, 93 (48.9%) accepted further examination. Among these, 78 were diagnosed as glaucoma, seven as suspects and eight were excluded. Only 98 ocular hypertension suspects (30.0%) accepted further examinations: eight had primary angle closure and 23 had confirmed ocular hypertension. The cost to identify a single glaucoma suspect and definite glaucoma case were US$135 and US$857, respectively. CONCLUSIONS AND RELEVANCE: This novel screening model provides opportunities to improve glaucoma detection at low cost. Interventions to improve follow-up are needed.

[Establishment of VOCs Emissions Factor and Emissions Inventory from Using of Architectural Coatings in China].

Volatile organic compounds (VOCs)are important air pollutants in China, and control of their emission is an important subject of air pollution prevention and control.Architectural coatings play a significant role as sources of atmospheric VOCs in China.Due to recent economic development and increase in the levels of urbanization, the building of residences and other buildings is ongoing all the time, which results in increasing demand for architectural coatings and the VOCs pollution caused by painting operations.However, there are few studies of the VOCs emission factors and VOCs emissions due to architectural coatings.In this paper, a set of bottom-up VOCs emission inventory estimation methods for architectural coatings in China was established.The architectural coatings VOCs emission factors were gotten by actual measurement of VOCs in architectural coatings and by summarizing studies of VOCs contents in architectural coatings.Combining these results with the consumption of architectural coating sources, a VOCs emission inventory of architectural coatings in China from 2013 to 2016 was established.The results showed the following.① VOCs emission factors were 24.63 g·kg-1 for water-based interior wall coatings; 17.5 g·kg-1 and 298.8 g·kg-1 for water-based and solvent-based exterior wall coatings, respectively. They were 2.75, 87.86, and 400 g·kg-1 for water-based, reaction-type, and solvent-based waterproof coatings, respectively. For water-based, solventless, and solvent-based floor coatings, they were 86.2, 25.24, and 317 g·kg-1, respectively; and 31.95 g·kg-1 and 464.61 g·kg-1 for water-based and solvent-based anticorrosive coatings respectively. The emission factors were 59.7 g·kg-1 and 347.2 g·kg-1 for water-based and solvent-based fire retardant coatings, respectively. ② VOCs emissions from the use of architectural coatings were 255900 t, 287500 t, 319700 t, and 348000 t from 2013 to 2016 in China, with an upward trend. ③ Total VOCs emissions from architectural coatings was 348000 t in 2016, and the VOCs emissions from floor coatings was 78700 t, accounting for 22.61% with the maximum contribution rate. The VOCs emissions from exterior wall coatings were 64900 t, accounting for 18.65% (second place), and the VOCs emissions from fire retardant coatings and anticorrosive coatings (functional coatings) were 64500 t and 50800 t, accounting for 18.53% and 14.6% respectively. The VOCs emissions from waterproof coatings and interior wall coatings were 46100 t and 43000 t, accounting for 13.25% and 12.36%, respectively. ④ The consumption of water-based architectural coatings reached a total of 4889400 t in 2016 with VOCs emissions of 97900 t and average VOCs emissions factor of 20.02 g·kg-1; however, the consumption of solvent-based architectural coatings totaled 636500 t with VOCs emissions of 227200 t and average VOCs emission factor of 356.95 g·kg-1. Reducing the consumption of solvent-based coatings would be favorable for reduction of VOCs emissions. ⑤ As for the spatial distribution, architectural coating-related VOCs emissions were mainly concentrated in Shandong, Jiangsu, Zhejiang, Henan, Sichuan, Guangdong, and Hebei provinces, which have large populations. The province with the highest VOCs emissions was Shandong, with a percentage of 9.36%, and the second was Jiangsu, with a percentage of 8.54%.

Heavy Metal Contamination and Ecological Risk Assessment of Swine Manure Irrigated Vegetable Soils in Jiangxi Province, China.

Heavy metal are often added to animal fodder and accumulate in the soils with swine manure. In this study, heavy metal (Cu, Pb, Cd, Zn, As and Cr) concentrations were determined in agricultural soils irrigated with swine manure in Jiangxi Province, China. Results showed that the average concentrations of Cu, Zn, As and Cr (32.8, 93.7, 21.3 and 75.8 mg/kg, respectively) were higher than the background values, while Pb and Cd (15.2 and 0.090 mg/kg, respectively) were lower than the background values. Contamination factors [Formula: see text] indicated that they were generally moderate for Cu, Zn, As and Cr and generally low for Pb and Cd. The contamination degree (C d ) was calculated to be 7.5-10.0 indicating a moderate degree of contamination. The geoaccumulation index (Igeo) indicated that the soils were unpolluted with Zn, Cd and Pb, while unpolluted to moderately pollute with Cr, Cu and As. The single ecological risk factor [Formula: see text] revealed that the six heavy metals all belonged to low ecological risk. The ecological risk indices suggested that all the sampling sites were at low risk level.

[Source Apportionment and Health Risk Assessment of VOCs During the Haze Period in the Winter in Beijing].

A method for determining volatile organic compounds (VOCs) by cryogenic dynamic adsorption in solid adsorbent tubes, subsequent thermal desorption with cryofocusing in a cold trap and analysis by gas chromatography and mass spectrometry was adapted for continuous ambient air monitoring. VOCs pollution characteristics and health risk assessment (HRA)were researched in detail. Moreover, the sources apportionment was reliably analyzed by positive matrix factorization (PMF) model. The results showed that the average concentration of VOCs was 332.34 µg·m-3 per day, the concentrations of aromatic hydrocarbon and halo hydrocarbon were remarkably high compared to the other VOCs. Particularly, the PMF analysis results revealed that solvent/paint use emission, biomass or coal combustion and motor vehicle exhaust emissions were the main pollutants emission sources. Additionally, the cancer risk index of all carcinogenic substances was higher than the suggested value of USEPA(1×10-6), which could cause potential harm to human health.

[Dietary patterns and its influencing factors among freshmen students in college].

OBJECTIVE: To investigate the dietary pattern in college freshmen students and to analyze the influencing factors on their dietary patterns. METHODS: A questionnaire survey on situation of dietary pattern and influencing factors was conducted among 1319 freshmen students. RESULTS: Four major dietary patterns were noticed and they were: I, high consumption in hamburger, fried food, nuts, biscuit, chocolate, cola, coffee, sugars, II, high consumption in pork, mutton, beef, poultry meat, animal liver, III, high consumption in fresh fruits, eggs, fish and shrimps, kelp laver and sea fish, milk and dairy products, beans and bean products, IV, high consumption in rice and grain, fresh fruits, fresh vegetables, pork. Risk factors on dietary pattern were presented as follows: (1) boys:having the food pattern I and II showed a strong positive association with the place where they live (OR = 1.67, 95%CI: 0.87 - 3.19; OR = 1.51, 95%CI: 0.79 - 2.88), eating place (OR = 1.63, 95%CI: 1.03 - 2.59;OR = 1.83, 95%CI: 1.04 - 3.23), level of mother's education (OR = 2.52, 95%CI: 1.07 - 5.95; OR = 3.38, 95%CI: 1.50 - 7.63), family income (OR = 2.24, 95%CI: 1.30 - 3.88; OR = 3.06, 95%CI: 1.77 - 5.29) and the status of passive smoking (OR = 1.80, 95%CI: 0.70 - 4.59; OR = 1.83, 95%CI: 0.75 - 4.45). Inverse correlations was found on the level of mother's education (OR = 0.56, 95%CI: 0.17 - 1.79). The food pattern IV showed a strong positive association with place of eating (OR = 1.83, 95%CI: 1.04 - 3.23) but having an inverse correlation with the level of mother's education (OR = 0.56, 95%CI: 0.17 - 1.79). (2) girls when compared with boys, the food pattern I showed minor association with the places of living and eating; while the food pattern II and III had minor association with the status of passive smoking. CONCLUSION: Socio-demographic factors and lifestyle had influenced on the dietary patterns among college freshmen students who should be guided to have a reasonable, balanced diet in the college.

[VOCs tax policy on China's economy development].

In this paper, environmental tax was designed to control volatile organic compounds (VOCs) emissions. Computable general equilibrium (CGE) model was used to explore the impacts of environmental tax (in forms of indirect tax) on the macro-economy development at both national and sector levels. Different levels of tax were simulated to find out the proper tax rate. It is found out that imposing environmental tax on high emission sectors can cause the emission decreased immediately and can lead to negative impacts on macro-economy indicators, such as GDP (gross domestic products), total investment, total product and the whole consumption etc. However, only the government income increased. In addition, the higher the tax rate is, the more pollutants can be reduced and the worse economic effects can be caused. Consequently, it is suggested that, the main controlling policies of VOCs abatement should be mandatory orders, and low environmental tax can be implemented as a supplementary.

[Health risk assessment of atmospheric volatile organic compounds in urban-rural juncture belt area].

A method for determining volatile organic compounds (VOCs) by cryogenic dynamic adsorption in solid adsorbent tubes, subsequent thermal desorption with cryofocusing in a cold trap and analysis by gas chromatography and mass spectrometry was adapted. An internationally recognized four-step evaluation model of health risk assessment (HRA) was adapted to preliminarily assess the health risks caused by volatile organic compounds (VOCs) in urban-rural juncture belt area in Beijing. Results of HRA indicated that non-carcinogenic risk indexes of VOCs are below 1 and non-carcinogenic risk indexes of aromatic substances range from 10(-4)-10(-5), halohydrocarbons in the 10(-4)-10(-1). Volatile pollutants would not cause non-carcinogenic health hazard to exposed population. However, the cancer risk index exposed to carcinogenic benzene was 2.21 x 10(-5), which is higher than that suggested value of USEPA (1x10(-6)) and may cause potential harm to human health. The greatest health risk is in winter, followed by autumn, summer minimum.