Periodic Reporting for period 2 - MinFuture (Global material flows and demand-supply forecasting for mineral strategies)
Reporting period: 2017-12-01 to 2018-11-30
MinFuture aims to address the challenges described above by pursuing three main objectives: (1) to develop a common methodology that creates transparency about the data and approaches used in models for global cycles of materials; (2) to strengthen international collaboration by integrating the networks, expertise and outreach of different governmental and intergovernmental agencies, business areas, and research disciplines; and (3) to create a methodological discourse and stimulate the broad adoption of a ‘roadmap’ towards harmonization among key institutions that are either providing or using data to analyse global resource stocks and flows.
Material Flow Analysis (MFA) is a generic methodology for describing matter and energy stocks and flows in systems defined in space and time, which can be employed on any scale. MinFuture aims to employ MFA concepts in order to develop a proof of concept for a “Google Maps of the physical economy in four dimensions”. The four dimensions covered by MinFuture are (i) stages along the supply chains, (ii) international trade of products along the supply chain, (iii) layers and linkages/conversions between them, including total mass of goods, mass of individual chemical elements, energy, or value, and (iv) time, both historical and future.
During the second half of the reporting period, the development of the MinFuture pyramid of MFA components was a central aspect. This gained acceptance from the consortium and stakeholders and will form the backbone for the common methodology and the roadmap. An additional key feature of the common methodology was the development of a set of “system design principles”. The system design principles are being developed in order to map the system context of measurements published in statistics (e.g. UN Statistics, geological surveys, or national statistical offices). Providing the system context to reported data is relevant for transparency and for facilitating data harmonization. For example, the system design principles have a great potential for supporting the development of the European Minerals Yearbook, and the MinFuture project will therefore develop guidelines for this application.
Many of the large societal challenges today, such as reaching the Sustainable Development Goals, are directly or indirectly linked through the physical economy. In order for governments to develop robust strategies for addressing these challenges, they need to understand the physical (socio-metabolic) systems that they are trying to change. In order to achieve this, it is essential that governments move from the measurements of isolated data points towards a monitoring of systems For example, the implementation of the Circular Economy strategy heavily relies on an understanding of the current form of the economy and its drivers. The applications of the maps of the physical economy proposed in the frame of MinFuture are therefore going beyond access to critical raw materials.
MinFuture explores maps of the physical economy in four dimensions: (1) stages, (2) linkages, (3) trade and (4) time. This requires a close collaboration with data providers and data users by providing a common understanding of what the data represents and what they are further used for which holds a large focus in the MinFuture project. By collecting data within a system context, the transparency and what the data represents are by default made explicit. A transparency that will benefit both data providers and data users in the future in addition to also allowing for a more concise monitoring of systems.