Robust strategies for sustainable resource management depend on a solid understanding of the physical economy – the anthropogenic stocks and flows of matter and energy.
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.
The presentations held and recommendations made will soon be available via this website.
This report aims to address existing challenges by developing a methodological framework for the monitoring of the physical economy that facilitates the users in reflecting more systematically about the problems mentioned above and in developing more effective strategies for addressing them. The framework proposed is based on Material Flow Analysis (MFA), a tool widely used for tracking materials and energy in the economy.
Six material-specific workshop were organised under the umbrella of MinFuture project, aiming to identify gaps that hamper a robust mapping of raw material cycles. In each material-specific workshop, stakeholders from academia, industry, and government were brought together to discuss and comment on the current status of each material cycle.
The MinFuture project seeks to provide methods and guidelines for structuring MFA data, enabling a more comprehensive understanding of mineral and material systems. Visualisation is one of the key components described in the MinFuture Pyramid, while the MinFuture Core Dimensions describe four dimensions which are key to MFA studies: stages, trade, linkages, time. We add uncertainty and stocks to this list to create six core dimensions for which visualisation might be required.
On 11-12 December 2018, the MIN-GUIDE project team invites you to reflect upon the mining sector’s role for a circular economy at its 3rd Annual Conference. The conference will host about 200 participants from all over Europe and will provide an excellent opportunity to learn, explore, exchange, and network.
Material flow analysis (MFA) in general, is a term used to summarize a wide range of approaches to describe material stocks and flows in systems defined in space and time.
In order to develop strategies as well as to define and reach goals concerning raw materials management, maps are needed to help navigate existing knowledge and data.
The purpose of this workshop was to further develop the roadmap for monitoring the physical economy. During the spring of 2018, the MinFuture project has held several commodity specific workshops to test the developed framework and to identify commodity specific trends, opportunities and challenges that can inform the MinFuture roadmap. Workshops has been held on aluminium, cobalt, neodymium, platinum, phosphorus and construction aggregates, and stakeholders from different parts of the supply chain has contributed to it.