Journal
ECOLOGICAL ECONOMICS
Volume 68, Issue 10, Pages 2525-2534Publisher
ELSEVIER
DOI: 10.1016/j.ecolecon.2009.04.020
Keywords
Product ecological footprint; Accounting; Activity based costing; Consumer behaviour; Environmental labelling; Eco-labelling; International trade
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As global consumption increases we are faced with a major threat; exceeding the Earth's capacity to create new resources and absorb waste. In the present study we develop a self-improving, market-driven process of ecological footprinting of products, proposed as a means to give consumers a real choice in actively monitoring and reducing their ecological impact. We conduct a small scale case study to illustrate first stage calculations. A wider market application of higher accuracy second or third stage calculations changes market information dynamics, as ecological information is internalized for consumers. Potential impacts on purchasing behavior, demand and eco-technological innovation are discussed. (C) 2009 Elsevier B.V. All rights reserved.
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