In order to demonstrate the sustainability of new chemicals, a number of analyses were performed within the EU Life projects TRIALKYL and IREPRO, such as the health assessment, socio-economic and life cycle assessment.
The objective of this Socio-Economic Analysis (SEA) is to determine whether the social and societal benefits the new chemicals outweigh the risk to human health and the environment.
Socio-economic analysis (SEA) is a methodology developed for chemical risk management and decision making derived from tools like the Cost benefit analysis, based on several social science perspectives, such as economic value of life, the risk of accidents or health care costs.
The socio-economic analyses are based on the latest ECHA guideline, and also include a life cycle perspective. Besides environmental and health issues, the socio-economic analysis also include the risk of fire/explosion and life lost.