Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

myEcoCost - a Revolution for Environmental Accounting

16.09.2015

A global software system for accounting product-related environmental data is developed

Today's problems of data availability and quality in life cycle assessment and other environmental analyses hinder evidence based policy decisions as much as green business management and sustainable consumer decision making.

The innovative software system "myEcoCost" provides a mechanism to bridge this gap by calculating and communicating environmental and resource consumption data of products and services, individually for each product, covering its global value chains in real time.

With myEcoCost it is possible to build a global network of environmental cost accounting nodes, which efficiently process and communicate the environmentally relevant data throughout the value chain of a product. The system works in a highly automated way with the logic of financial accounting.

Therefore it provides the basis of a new innovative environmental cost accounting for businesses and households. myEcoCost has been designed as concept and software prototype by a research consortium in a European research project of the same name, funded by the European Union's Seventh Framework Programme for Research (FP7) with a budget of 3.8 million EUR. The prototype of the system was developed and tested in close collaboration with large and small companies.

The results of the three-year project will be presented today at a meeting of a cluster of European FP7 projects dedicated to resource efficiency in Brussels. The one-day event is organized by the European Commission (DG Research and Innovation), with the purpose of sharing the results achieved by the different consortia and discussing future potential synergies among the members of the cluster.

A brochure with an overview of myEcoCost and its potential contributions in plain language and additional information are available for free download from the project homepage at www.myecocost.eu.

The Wuppertal Institute has contributed to the myEcoCost project, in particular to the development of the resource accounting framework and methods. It coordinated the work of the Project Advisory Board and the dissemination of project results. For further information contact Dr. Justus von Geibler, the myEcoCost project manager at the Wuppertal Institute at justus.geibler@wupperinst.org or call at +49-202-2492-168

Press release by Wuppertal Institute for Climate, Environment and Energy
Responsible: Prof. Dr. Uwe Schneidewind, President
Contact: Dorle Riechert, Public Relations
Tel. +49 202 2492-180, Fax +49 202 2492-108
E-mail: dorle.riechert@wupperinst.org

Weitere Informationen:

http://www.myecocost.eu
http://www.myecocost.eu/index.php/project-documents/downloadable-material

Dorle Riechert | idw - Informationsdienst Wissenschaft

Further reports about: FP7 consumer decision making resource efficiency

More articles from Information Technology:

nachricht German Research Foundation supports new theoretical physics project at Jacobs University Bremen
18.12.2018 | Jacobs University Bremen gGmbH

nachricht New Foldable Drone Flies through Narrow Holes in Rescue Missions
12.12.2018 | Universität Zürich

All articles from Information Technology >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Data storage using individual molecules

Researchers from the University of Basel have reported a new method that allows the physical state of just a few atoms or molecules within a network to be controlled. It is based on the spontaneous self-organization of molecules into extensive networks with pores about one nanometer in size. In the journal ‘small’, the physicists reported on their investigations, which could be of particular importance for the development of new storage devices.

Around the world, researchers are attempting to shrink data storage devices to achieve as large a storage capacity in as small a space as possible. In almost...

Im Focus: Data use draining your battery? Tiny device to speed up memory while also saving power

The more objects we make "smart," from watches to entire buildings, the greater the need for these devices to store and retrieve massive amounts of data quickly without consuming too much power.

Millions of new memory cells could be part of a computer chip and provide that speed and energy savings, thanks to the discovery of a previously unobserved...

Im Focus: An energy-efficient way to stay warm: Sew high-tech heating patches to your clothes

Personal patches could reduce energy waste in buildings, Rutgers-led study says

What if, instead of turning up the thermostat, you could warm up with high-tech, flexible patches sewn into your clothes - while significantly reducing your...

Im Focus: Lethal combination: Drug cocktail turns off the juice to cancer cells

A widely used diabetes medication combined with an antihypertensive drug specifically inhibits tumor growth – this was discovered by researchers from the University of Basel’s Biozentrum two years ago. In a follow-up study, recently published in “Cell Reports”, the scientists report that this drug cocktail induces cancer cell death by switching off their energy supply.

The widely used anti-diabetes drug metformin not only reduces blood sugar but also has an anti-cancer effect. However, the metformin dose commonly used in the...

Im Focus: New Foldable Drone Flies through Narrow Holes in Rescue Missions

A research team from the University of Zurich has developed a new drone that can retract its propeller arms in flight and make itself small to fit through narrow gaps and holes. This is particularly useful when searching for victims of natural disasters.

Inspecting a damaged building after an earthquake or during a fire is exactly the kind of job that human rescuers would like drones to do for them. A flying...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

ICTM Conference 2019: Digitization emerges as an engineering trend for turbomachinery construction

12.12.2018 | Event News

New Plastics Economy Investor Forum - Meeting Point for Innovations

10.12.2018 | Event News

EGU 2019 meeting: Media registration now open

06.12.2018 | Event News

 
Latest News

Physicists found a correlation between the structure and magnetic properties of ceramics

18.12.2018 | Physics and Astronomy

Unique insights into an exotic matter state

18.12.2018 | Physics and Astronomy

Physicists studied the influence of magnetic field on thin film structures

18.12.2018 | Materials Sciences

VideoLinks
Science & Research
Overview of more VideoLinks >>>