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Application lca for eco-efficiency assessment of investments projects
Date added: 2015-07-01
Pages: 29-38
Author/Authors
Joanna Kulczycka, Marzena Smol
Abstract
Eco-efficiency which takes into account the life cycle idea is a relatively new concept described by ISO International Standard 14045:2012. It can be used in environmental management by integration environmental considerations with economic analysis to improve products and technologies. Nowadays, eco-efficiency is a strategic tool and it is one of the key factors of it sustainable development. In the investment decisionmaking process, to assess new technology solutions and to choose the best options, the eco-efficiency account should be introduced. Life Cycle Assessment (LCA) as a method used to assess environmental aspects and quantified impacts of investment project is proposed. Life cycle cost analysis being the combination of Net present value (NPV) with life cycle cost (LCC) was chosen for quantifying their financial effects. The ecoefficiency analysis based on LCA can be recommended not only as a decision support tool for individual investors, but also for ranking of investment projects when applying of financial support from structural or other national funds, as well in sustainable public procurement.
Keywords
eco-efficiency, environmental protection, investment project, Life Cycle Assessment (LCA)
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