Project description
Internalising sustainability factors in the price of foods
Food pricing currently does not reflect increasingly important factors related to the health and environmental ‘costs’ of foods. As the world sets sustainability goals across all sectors, including food, internalising these ‘externalities’ will lead to a readjustment of food prices, reflecting their true market value. The EU-funded FOODCoST project will address this with approaches and databases supporting the calculation of the value of positive and negative externalities including climate, biodiversity, and environmental and health factors on the basis of economic costs principles. A toolbox will aid in assessing the sustainability impact of internalisation policies and business strategies across value chains, countries, and regions to support the transition to a more sustainable food system.
Objective
Ensuring sustainable food systems requires vastly reducing its environmental and health costs while making healthy and sustainable food affordable to all. In current food systems many of the costs of harmful foods and benefits of healthful foods are externalized, i.e. are not reflected in market prices and therefore not in decision making of actors in food value chains. Solving the externality problems means to determine current costs of externalities and redefine food prices (true pricing) to internalize them in daily practice. Policy makers, businesses and other actors in the food system, lack sufficient information and knowledge to internalize externalities to achieve a sustainable food system. FOODCoST responds to this challenge by designing a roadmap for effective and sustainable strategies to assess and internalise food externalities. FOODCoST provides approaches and databases to measure and value positive and negative externalities, proposing a game-changing and harmonised approach to calculate the value of climate, biodiversity, environmental, social and health externalities along the food value chain based on economic cost principles. FOODCoST provides an analytical toolbox to experiment, analyse, and navigate the internalisation of externalities through policies and business strategies providing tools and guidance to policy makers and businesses to assess the sustainability impact of their internalisation actions. FOODCoST emphasises the diversity of challenges of true pricing in different value chains and countries and regions, and cocreates, tests and validates the valuation and internalisation approaches in 11 diverse case studies enabling to test, validate and enrich the approaches in order to transit towards a sustainable food system. The project will be based on a multi-actor approach that will ensure a continuous dialogue with all relevant actors across the whole food system (land and sea).
Fields of science
Keywords
Programme(s)
Funding Scheme
HORIZON-RIA - HORIZON Research and Innovation ActionsCoordinator
6708 PB Wageningen
Netherlands
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Participants (23)
1093 Budapest
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00184 Roma
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1040 Bruxelles / Brussel
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91767 Palaiseau
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85354 Freising
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.
34070 Montpellier
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
53123 Bonn
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
75007 Paris
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3720 232 Oliveira De Azemeis
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
8000 Aarhus C
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3584 AA Utrecht
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036 01 Martin
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
3721 MA Bilthoven
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750 07 Uppsala
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Participation ended
22767 Hamburg
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
04120 Almeria
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90489 Nurnberg
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40126 Bologna
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53113 Bonn
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1348 Louvain La Neuve
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400372 Cluj Napoca
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5223 DE S Hertogenbosch
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
80469 MUNCHEN
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
Partners (2)
97769 Bad Bruckenau
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OX1 2JD Oxford
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