myEcoCost will develop a methodology that defines a global collaborative network of resource accounting nodes. It will provide a means of accounting for and expressing usage of natural resources for products, services and technologies, to inform all economic actors on environmentally relevant information with dynamically calculated, near real time figures.

myEcoCost aims to support various environmental accounting and assessment practices applicable to national and international environment policy objectives. It links business added value to a measurement of aggregated resource usage as accepted environmental pressure indicator which goes beyond single issue indicators. Using an Internet-based SOA, relevant and timely data is passed from supplier to customer recursively through the whole value chain to produce ecological costs (ecoCosts) for each product or service.

The project aims at researching and developing all key ICT and software elements to demonstrate the resource accounting framework and infrastructure in a proof-of-concept prototype, involving users, environmental data processors and policy makers.

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