EXIOBASE provides spend-based emission factors up to 2022. When applying this data to more recent years (2023 or 2024), should the emission factors or activity data be adjusted for inflation to reflect changes in economic value per actual material/service?
How do changes in price levels or economic activity impact the accuracy of environmental assessments using EXIOBASE? Are there standard methods or best practices for making such adjustments to maintain the robustness of the analysis? Or is this already provided via the Carbon Alt Delete software, and if so how are the emission factors corrected for inflation (per country and industry for instance?)
Looking forward to insights from the community and if possible any best practice references.