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This paper presents an analysis of the applicability of environmental life cycle cost to the eco-efficiency analysis of transport modes. For calculating such costs, the method based on LCA results converted into monetary values was proposed. It allows taking into account all externalities generated by transport in the life cycle. The proposed solution complements earlier research work undertaken in this area, because the existing methods often focus on valuation of damages generated only during usage of transport modes and often take into account only the valuation of the damages resulting from the emission of substances contained in exhaust gases. It all makes, that the value of the environmental effects determined in this way is undervalued and relatively small compared with financial costs incurred throughout the life cycle of a transport modes. Thus, it has a little importance in the decision-making process. For that reason it is very important to develop the solutions which allow assessing impact of the transport mode in entire life cycle and which allow expressing the externalities in monetary terms.
Keywords: Keywords: environmental life cycle costing, eco-efficiency, transport modes© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.