Monetization for integration of LCSA results - state of the art and perspectives

Till M. Bachmann, Rosalie Arendt and Jonathan van der Kamp

Chapter 16 in Handbook on Life Cycle Sustainability Assessment, 2024, pp 213-231 from Edward Elgar Publishing

Abstract: Monetization is one way of weighting and aggregating LCSA results. This chapter gives an overview of available standards and the implication of monetization. While monetization is straightforward for Life Cycle Costing (LCC), it is more complex to accomplish for the environmental (LCA) and especially for the social dimension (S-LCA). Following up on recent reviews, this chapter presents nine monetary valuation methods currently available for LCA, including which indicators are monetized in which way and for which geographical scope. A difficulty with S-LCA is that it is largely based on qualitative or semi-quantitative indicators. Attempts to monetize these (e.g., via stated preference techniques) are not known, while social indicators relying on financial data do exist. Ongoing research explores the existence of further economic indicators beyond traditional LCC (e.g., related to material criticality). Potential internal or external uses of monetized LCSA results are discussed, such as Integrated Profit and Loss Accounts, before concluding and giving perspectives.

Keywords: Business and Management; Development Studies; Economics and Finance; Environment; Geography; Politics and Public Policy Sociology and Social Policy (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781800378650.00026 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20336_16

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().