A New Environmental Accounting Framework Using Externality Data and Input-Output Tools for Policy Analysis – EXIOPOL
The following objectives are the pillars of EXIOPOL: 1) to synthesise and develop comprehensive estimates of the external costs for Europe of a broad set of economic activities; 2) to set up a detailed environmentally extended (EE) Input-Output (I-O) framework for the EU 27.
EXIOPOL is an Integrated Project co-ordinated by FEEM in collaboration with The Netherlands Organisation for Applied Scientific Research (TNO). EXIOPOL involves 38 partners both from within and outside Europe. Partners have been selected for having a sound experience in two main research fields: the valuation of the external costs of key environmental impacts; and environmentally extended (EE) input-output (I-O) analysis. The EXIOPOL IP has 3 main objectives, where the first two correspond to the pillars of the project:
- to synthesise and develop comprehensive estimates of the external costs for Europe of a broad set of economic activities;
- to set up a detailed environmentally extended (EE) Input-Output (I-O) framework for the EU 27, with links to other socio-economic models, and including as many as possible of the former estimates. This will allow for the estimation of environmental impacts and external costs of different economic sector activities, final consumption activities and resource consumption for countries in the EU;
- to apply the results of the external cost estimates and EE I-O analysis for the analysis of policy questions of importance, as well as to evaluate the impact of past research on external costs on policy-making in the EU.
The IP will create a novel toolbox supportive of a great variety of EU policy fields. The structure and outputs of EXIOPOL are very much geared to provide a basis for these new policy analytical tools as well as to strengthen the existing tools of cost benefit and cost effectiveness analyses, and can also improve the full domain of economic-environmental modelling.