Skip to main content
img-shapes

Approach

Valuation Pillar

Development of a harmonised methodology to calculate external costs and benefits and database development

Context

The measuring and monetising externalities in the food sector need to be conceptually grounded and empirically investigated using validated indicators and data collection methods that facilitate an understanding of the relationship between sustainable production/consumption and externalities in the food system. In order to provide consistent information for the decisions of all actors (governments, businesses, consumers, NGOs, and financial institutions) standardised calculation methods must reveal costs generated by the decisions of actors, i.e. the marginal costs.

Action

Available LCA and pricing databases will be clearly documented from the perspective of their use for consistent valuation. Then, a consistent valuation database based on the marginal cost principle that distinguishes between the costs caused by a decision and the abatement costs, the difference being an indication of the benefits of taking action will be developed: the FOODCoST EU-Global database externality costs.

The proposed approach will be validated in 6 case studies. The output will be:

A FOODCoST VALUATION Guidefor policy makers, business actors and other stakeholders describing the steps needed to calculate external costs and benefits for specific types of decisions.

A method to measure the degrees of internalisation of externalities.

An agenda for future research and innovation (R&I) to further operationalise the calculation of externalities of food.

img-back
img-shapes

The action plan includes:

Cookies Settings

FOODCost Project may use cookies to memorise the data you use when logging to FOOCoST website, gather statistics to optimise the functionality of the website and to carry out marketing campaigns based on your interests.

They allow you to browse the website and use its applications as well as to access secure areas of the website. Without these cookies, the services you have requested cannot be provided.
These cookies are necessary to allow the main functionality of the website and they are activated automatically when you enter this website. They store user preferences for site usage so that you do not need to reconfigure the site each time you visit it.
These cookies direct advertising according to the interests of each user so as to direct advertising campaigns, taking into account the tastes of users, and they also limit the number of times you see the ad, helping to measure the effectiveness of advertising and the success of the website organisation.

Required cookies The cookies allow to customize the commercial offers that are presented to you, considering your interests. They can be our own or third party cookies. Please, be advised that, even if you do not accept these cookies, you will receive commercial offers, but do not match your preferences.

Functional Cookies The cookies offer you a more complete and personalised experience, allowing to safe preferences, showing you relevant content to your liking and send you alerts you have requested.

Advertising Cookies These cookies are necessary to allow the main functionality of the website and they are activated automatically when you enter this website. They store user preferences for site usage so that you do not need to reconfigure the site each time you visit it.