The basic idea of LCA is that all environmental burdens connected with a product or service have to be assessed, back to the raw materials and down to waste removal. Therefore, the term “Life Cycle Assessment” is more precise than the German “Ökobilanz” or the French “écobilan”. This basic idea is undoubtedly true, and LCA is the only environmental assessment tool which avoids positive ratings for measurements which only consists in the shifting of burdens.In the years from 1990 to 1993, SETAC and SETAC-Europe shaped the development of LCA in a series of important workshops culminating in the “Code of Practice” of 1993. The results of these workshops can be illustrated by the famous SETAC-triangle. It shows the basic structure which is now underlying the standardizing activities of ISO: 1. Goal definition and scoping, 2. Inventory analysis, 3. Impact assessment, 4. Improvement assessment.The structure recently defined by ISO differs from the SETAC structure only in the last element which is called “Interpretation” in the international standard 14040. According to ISO, “Improvement Assessment” is only one of the many activities which may follow LCA but is not part of the true analysis.The components of an LCA are described and interpreted in detail, SETAC vs. ISO. Recent developments and activities initiated by ISO, SPOLD and other organisations complete the review.

“Freely-dissolved” aqueous concentrations of 9 trichlorothrough heptachlorobiphenyls are reported, alongside those in sediments and fish from the R. Severn. For most congeners, BSAFs and lipid-normalised BAFs for pike exceed those for eels. Whilst R. Severn BSAFs are comparable with those for L. Ontario trout and New Bedford Harbour flounder, R. Severn BAFs are 1–2 orders of magnitude lower. This discrepancy may be due to inter-species variability, as well as inter-laboratory differences between operational definitions of “freely-dissolved” aqueous PCB, underlining that the same operational definition must be employed if R. Severn BAFs are extrapolated elsewhere. For eels, correlation of Log Kᵒʷ with Log BAF is better (R² = 0.66) than with BSAF (R² = 0.13), whilst similar correlation coefficients (R² = 0.81 and 0.82) were observed for pike. When Log Kᵒʷ is plotted against BSAF and Log BAF for both species combined, better correlation is observed for Log BAF (R² = 0.65), than BSAF (R² = 0.36). For both species combined, the observed relationship between Log BAF and Log Kᵒʷ for trichloro-through heptachlorobiphenyls is: Log BAF = 0.96 * Log Kᵒʷ −0.24.

The effects of environmental policy on trade and social welfare are analyzed in a modified Heckscher-Ohlin framework where pollution is embodied in a good consumed. Utility is non-homothetic to account for changes in the demand for healthy goods when income increases. If the polluting input is used intensively, taxing it alone can cause an increase in the good's level of pollution concentration. Instead, a tax on the polluting input in combination with a subsidy to the non-polluting input can result in Pareto improvement. Contrary to other approaches, an abatement policy does not necessarily have a negative effect on a country's comparative advantage. However, if the country is large, change in terms of trade may cause one country to be made better off at the expense of the other, which suggests that compensatory payments may be required to encourage abatement policies.