EVENTS
Final conference: "Putting raw material data in a system context to improve monitoring of the physical economy"
Final conference of the European MinFuture project
Square conference center
Entrance: Ravenstein 2, 1000 Brussels - please see the Square conference
center map available below for further details
Room: studio 311&312 (Level 3)
B-1000 Brussels
Discussing with raw material and raw material flow experts from academia, businesses, governmental and intergovernmental institutions:
In order to solve the complex problems of modern economies, refined maps of the physical economy, namely the stocks and flows of materials and goods, are necessary. The ultimate goal is the development of the equivalent of “Google Maps” to describe the physical economy.
The EU project MinFuture developed a methodological Framework and recommendations for future action for mapping and monitoring the physical economy. The MinFuture Framework addresses the lack of a methodology for consistent physical accounting of the economy, based on the mass balance principle. The Framework suggests monitoring the physical economy in four dimensions. These include: the stages of the supply chain, the linkages of different regions through trade flows, the linkages of different materials and substances in goods (layers), and the evolution of the physical economy over time (historic evidence and future scenarios). The MinFuture framework proposes the use of material flow analysis (MFA) to monitor the physical economy and further distinguishes 7 components of an MFA: systems, data, models and scenarios, uncertainty analysis, visualization, indicators, and decision and strategy support. The project has developed guidelines for the development of each component.
The Recommendations for future action address critical areas for action towards the implementation of the MinFuture framework at global level. Reaching such a vision requires cooperation between a wide range of stakeholders across industry sectors and government institutions globally. The recommendations propose the following key steps as fundamental for moving towards consistent physical accounting of the economy:
The intention of this conference "Monitoring the physical economy requires putting raw material data in a system context" was to present, reflect on and refine key recommendations from the MinFuture project on a monitoring system for the physical economy.
Presentations held are available for download below.
Date | November 6, 2018 |
Organiser | Norwegian University of Science and Technology |
Place | Square conference center, Entrance: Ravenstein 2, 1000 Brussels, Room: studio 311&312 (Level 3) |
Country | Belgium |
Language | English |
Attachments | MüllerD_Welcome and introduction.pdf
SadowskiM_EASME@Minfuture_2018_conference.pdf PetavratziE_MinFuture_Roadmap.pdf WittmerD_Considerations_on_Data_Infrastructure.pdf FernandezA_IEA input_to_MINFUTURE_061118.pdf MinFuture Agenda_Final Event.pdf MinFuture_Brussels_FinalConf_invitation311018.pdf |