FoodCoST: Food costing & internalisation of externalities for system transition

EU / UKRI EU Horizon Scheme

ECI lead: Steven Lord

The FoodCoST project brings together economic and environmental researchers at the frontier of food system modelling, and in collaboration with leading international organisations on the economics of food system transformation.

Led by the Food System Impact Valuation Initiative (FoodSIVI), the 4-year project is funded by the EU and UKRI under the EU Horizon scheme.

Our work

The project will deliver new models and datasets which outline the damage and mitigation costs of food system impacts. The costing data will be applied to studies in the economic potential of taxation, tariffs, subsidies, financial reporting, land-use and dietary change.

We are working in collaboration with Wageningen Economic Research (WER) and the Nuremberg Institute of Technology, using the MAGNET general equilibrium model at WER, and with modelling partners from the Potsdam Climate Institute (PIK) and the International Food Policy Research Institute (IFPRI).

The project is part of the FoodSIVI initiative: an academic, business, and civil society initiative that researches the economic costs of the environmental, social, and public health impacts of food systems and the economic potential of food system transformation. FoodSIVI supports public and private dialogue and decision-making by providing modelling, analysis, and advice on the economics of food system transformation.

Leili Abolhassani