FOODCoST - FOOD Costing and Internalisation of Externalities for System Transition

Project details

Description

Current food systems cause significant external environmental, health, and social follow-on costs and are therefore not sustainable. Currently, affordable healthy food is not guaranteed for everyone. External costs are costs that are not included in the market prices and are consequently not reflected in the decisions made by actors in the food value chain. It is therefore necessary to determine, measure, and then integrate these external costs into the market price using the economic instrument “True Cost Accounting”. Standardised methods for the evaluation of external costs and an EU-wide database for external costs will be configured in the FOODCoSt project.