| Title |
Integrating Material Stock Dynamics Into Economy-Wide Material Flow Accounting: Concepts, Modelling, and Global Application for 1900-2050 |
| ID_Doc |
27604 |
| Authors |
Wiedenhofer, D; Fishman, T; Lauk, C; Haas, W; Krausmann, F |
| Title |
Integrating Material Stock Dynamics Into Economy-Wide Material Flow Accounting: Concepts, Modelling, and Global Application for 1900-2050 |
| Year |
2019 |
| Published |
|
| DOI |
10.1016/j.ecolecon.2018.09.010 |
| Abstract |
Assessing progress towards environmental sustainability requires a robust and systematic knowledge base. Economy-wide material flow accounting (ew-MFA) is an established method to monitor resource use across scales and its headline indicators are widely used in policy. However, ew-MFA is currently limited by its empirical focus on annual flows of material and energy, because it neglects the pivotal role of in-use material stocks of manufactured capital. Explicitly integrating in-use stocks enables new insights into a range of Ecological Economics' topics, such as the biophysical assessment of socio-economic systems, the circular economy and stock-flow consistent scenarios. Herein, we conceptually and practically expand the ew-MFA framework towards jointly addressing material flows, in-use stocks of manufactured capital and waste, using a fully consistent dynamic model of Material Inputs, Stocks and Outputs (MISO-model). We review the stock modelling literature, propose a novel distinction of stock-driven versus inflow-driven approaches and situate the MISO-model as the latter. We then investigate the global dynamics of socio-metabolic flows and in-use stocks from 1900 to 2014, explore model sensitivities and quantify and attribute uncertainty. Two exemplary scenarios are presented. Through these innovations for ew-MFA, we enable a dynamic and comprehensive assessment of resource use, stocks and all wastes in the socioeconomic metabolism. |
| Author Keywords |
Dynamic material flow analysis; Economy-wide material flow accounting; Uncertainty; Circular economy; Monte-Carlo simulations; Socio-economic metabolism |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000453493000012 |
| WoS Category |
Ecology; Economics; Environmental Sciences; Environmental Studies |
| Research Area |
Environmental Sciences & Ecology; Business & Economics |
| PDF |
https://doi.org/10.1016/j.ecolecon.2018.09.010
|