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New factsheet on Life Cycle Assessment and Life Cycle Costing
The InnProBio team has issued its factsheet #5 focused on Life Cycle Assessment (LCA) and Life Cycle Costing (LCC). The document gives an insight as to what the LCA method is and the environmental impacts it assesses – such as climate change or impact on natural resources. It also explains what the results of LCA can be used for, for example in comparing different products and services. The factsheet also highlights the advantages of using LCA, as well as its link with green public procurement.
LCC – an assessment of all costs which are related to a certain product, directly covered by one or several actors in the life cycle of the product (Hunkeler et al. 2007) – is also covered in this factsheet, which also lists different LCC tools for use in public procurement.
The factsheet also shows the common ground between LCA and LCC, as well as the main differences between both concepts, and why they are important for increasing the procurement of bio-based products.
For more information, and to download the factsheet, visit here.