1. The hidden cost of everything.
- Author
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Lawton, Graham
- Subjects
- *
CONSCIOUSNESS raising , *COST accounting , *INDUSTRIAL costs , *ENVIRONMENTAL degradation , *FOOD industry - Abstract
The article discusses the hidden costs of goods and services and the need for a system called true cost accounting (TCA) to address these externalities. Currently, the price we pay for products does not reflect the full cost of their production, consumption, and disposal, including environmental and social damage. TCA aims to capture these costs and create a globally accepted accounting system. While some progress has been made in the food and agriculture sector, TCA needs to be applied to all economic activities. The article emphasizes that the goal is not to increase prices for consumers, but to raise awareness and drive change among agribusiness and food companies. [Extracted from the article]
- Published
- 2023