Intricacies of "mips" measure explained

Germany's Wuppertal institute has issued in English a detailed guide for calculating "mips", a key resource productivity metric first developed by the institute itself. Mips, or "material input per service unit", measures the material intensity of products, services or even of whole economies. More broadly, the institute promotes it as an "indicator of precautionary environmental protection". The measure is likely to become more widely used as the EU develops a natural resources strategy (EED 03/10/03).See report.

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