The Objective of the Report
The objective of the feasibility assessment report on LCA & LCC is understanding the impact of circular economy in rural areas. It concerns the application of rural waste management practices in rural areas as proposed by the CA literature. To achieve that, all LIVERUR partners identified sources of waste and applied end-of-waste case studies to achieve a sustainable production model. In particular, these case studies included practices in resource recovery and product life extension.
Methodology Used
In determining the life cycle assessment (LCA) and life cycle costing (LCC), several steps were taken. Concerning LCA, partners tried to measure the environmental burden associated with the shift from rural waste to a closed-circuit economy. Also, along with the LCA assessment, LCC which tried to quantify the economic benefits or losses. Subsequently, there was an effort to provide the environmental footprint associated with circular modes of production.
Conclusions
The whole purpose of LIVERUR project is to identify new economic models for rural businesses who apply circular economy principles. In achieving that, it is important to find a way to extend the value of rural products, raw materials, and resources life cycle. Also, this is the only way that solid and liquid waste can be further reduced in rural businesses. Having said that, LIVERUR partners work hard in extending product life cycles through LCA and LCC assessments. However, businesses need to find the perfect balance of product life cycle extension and costs associated.
A Few Words about LIVERUR Project
LIVERUR is a pioneering H2020 project which addresses living lab concepts, circular economy and new business models creation inside the rural communities in Europe and beyond. The short-term objective of the LIVERUR project is to ameliorate the knowledge of business models growing in rural areas, including an understanding of their potential in the future using multiple tools such as surveys and reports. Furthermore, it aims to bring rural innovation along with high impact to agricultural activities, entrepreneurship, job creation, digital skills improvement, shared and circular economies along with new business models and prototypes for better decision-making and community engagement.
To read the report on the feasibility Assessment on LCA & LCC, click here.
Learn more about the project and its objectives and activities in the official webpage
