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Integrating Material Stock Dynamics Into Economy-Wide Material Flow Accounting: Concepts, Modelling, and Global Application for 1900–2050

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  • Wiedenhofer, Dominik
  • Fishman, Tomer
  • Lauk, Christian
  • Haas, Willi
  • Krausmann, Fridolin

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.

Suggested Citation

  • Wiedenhofer, Dominik & Fishman, Tomer & Lauk, Christian & Haas, Willi & Krausmann, Fridolin, 2019. "Integrating Material Stock Dynamics Into Economy-Wide Material Flow Accounting: Concepts, Modelling, and Global Application for 1900–2050," Ecological Economics, Elsevier, vol. 156(C), pages 121-133.
    • Handle: RePEc:eee:ecolec:v:156:y:2019:i:c:p:121-133
    DOI: 10.1016/j.ecolecon.2018.09.010
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