The impact of the EU's Carbon Border Adjustment Mechanism on the global iron and steel trade and emission reduction.

The European Council completed the legislative procedure to establish the Carbon Border Adjustment Mechanism (CBAM) on April 25, 2023, which will be launched in 2027. The iron and steel sector is the main target of the forthcoming CBAM due to the industry's energy-intensive consumption with high carbon dioxide (CO2) emissions. However, minimal existing research has been conducted in this regard. This study employs GTAP-e 11.0 and TOPSIS models to estimate the effects of CBAM implementation on the major nations around the world from 2027 to 2030, examining countries' GDP, social welfare, iron and steel production, trade balance, and CO2 emissions to the global environment. This study concludes: (1) The GDP and social welfare of important iron and steel trade partners throughout the world will be significantly impacted by the application of CBAM. Most nations, including those in the EU, will experience negative GDP effects, with China undergoing the most pronounced social welfare declines followed by India. In contrast, the EU27 will benefit the most in terms of social welfare, followed by the US, Japan, and Russia. (2) Iron and steel production will decrease in all countries outside the EU, but it will have a positive impact on the trade balance of most countries. (3) The CO2 emissions of all countries except for the EU and Japan will decrease, with a positive impact on preventing carbon leakage in the international iron and steel trade. (4) Comprehensive analysis demonstrates that the EU will benefit the most, and China will suffer the most from CBAM application. Based on the above conclusions, this study proposes corresponding policy recommendations.

A heterogeneous signcryption scheme for smart grid with trusted multi-ciphertext equality test.

Energy utilization rates have been largely improved thanks to the wide application of smart grids, thereby realizing the reliable, economic and efficient operation of the grids. However, such an application is also accompanied by many security issues. In response to the many problems within existing security schemes, such as not supporting the communication between heterogeneous cryptosystems, low security levels and a low data retrieval efficiency, a heterogeneous signcryption (HSC) scheme that supports a trusted multi-ciphertext equality test (MET) is proposed. The adoption of the HSC helps to identify secure communications from identity-based cryptosystems to certificateless cryptosystem, eliminates the certificate management problems in the traditional public key cryptography scheme, and ensures the confidentiality and authentication of power data. The introduction of the MET technology can avoid the high cost of equality test calculations after grouping ciphertexts in pairs. Using blockchain and smart contract technologies ensure the credibility of test results and eliminates the reliance on trusted cloud servers. Under the random oracle model, on the basis of the bilinear Diffie-Hellman, the computational Diffie-Hellman and the q-strong Diffie-Hellman problems, this paper proves that the scheme proposed herein meets the requirements of indistinguishability and one-way security under adaptive choice ciphertext attacks, and the unforgeability under the adaptive choice message attack. From the findings of the analysis, it has been shown that the proposed scheme satisfies more security attributes and requires lower computational overhead compared to similar schemes.

Investigation of Volatile Components and Assessment of Antioxidant Potential in Seven Lamiaceae Plant Hydrosols.

Aromatic plants of the family Lamiaceae, especially of the genus Thymus, have promising antioxidant applications in pharmacology, medicine, food, cosmetology, and aromatherapy. Hydrosols (HDs) were extracted by hydrodistillation from seven species of Lamiaceae, including Thymus vulgaris, Thymus mongolicus, Mentha × piperita, Melissa officinalis, Rosmarinus officinali, Salvia elegans, and Leonurus artemisia. In total, 369 volatile components were determined and analyzed by gas chromatography-mass spectrometry (GC-MS). Among them, alcohols (2.86-28.48%), ethers (2.46-10.69%), and phenols (0.11-21.78%) constituted a large proportion, mainly linalool (0.28-19.27%), eucalyptol (0.16-6.97%), thymol (0-19.54%), and carvacrol (0-26.82%). Multivariate statistical analyses were performed and 27 differential metabolites were screened. Three different methods (ABTS+•, DPPH•, and FRAP) were used to determine the in vitro antioxidant activity of seven HDs. Thymus vulgaris hydrosols (Tv HDs) and Thymus mongolicus hydrosols (Tm HDs) had the strongest antioxidant activity and their stronger antioxidant capacity was related to their high levels of phenolic constituents, mainly thymol. The antioxidant activity of the other five Lamiaceae HDs was associated with their high alcohol (mainly linalool and eucalyptol) content, and the alcohol constituents may synergistically affect their antioxidant capacity. Therefore, the present study suggests that Lamiaceae plants can be utilized as antioxidant products or antioxidants in different industrial sectors including pharmaceuticals, food, cosmetics, and agrochemicals.