1.
THIS IS TO CERTIFY THAT
RAVI TEJA PABBISETTY
HAS SUCCESSFULLY COMPLETED THE COURSE:
“ECONOMIC TOOLS IN LCA - LIFE CYCLE COSTING,
EXTERNAL COSTS AND COST-BENEFIT ANALYSIS”
FEBRUARY 2-6, 2015
BANGALORE, INDIA
THE COURSE INCLUDED THE FOLLOWING TOPICS:
• Basic economic concepts with relevance for LCC and LCA
• Definition and types of LCC and comparisons with CBA
• Integration of LCC and LCA
• Data sources for LCC and CBA, added values, prices, taxes and subsidies
• Interpretation of LCC results and the identification of hotspots
• Distinction between biophysical, economic and social externalities
• Cost shifting and accounting for externalities in LCA and CBA
• Monetary valuation methods, their suitability for different applications
• Interpretation of LCC results and monetarised externalities, using the E2
vector to evaluate the product system for hotspots with low added value
and high external costs
• Discounting, its rationale and the choice of discount rates in economic,
social and environmental contexts
• The distribution of incomes and external costs on social groups
• The use of marginal utility in decision support
• Sensitivity analysis and uncertainties
• The limitations of monetary valuation and economic analysis in LCA
• Communicating the results of LCC and monetary valuation to LCA experts
and decision makers
Signed in Barcelona on February 10th
2015 by:
Professor Bo P. Weidema
President of ILCA