The Precautionary Principle Revisited: Its Interpretations and their Conservation Consequences

Clement Tisdell

No 55339, Economics, Ecology and Environment Working Papers from University of Queensland, School of Economics

Abstract: The precautionary principle was included in 1992 in the Rio Declaration on Environmental and Development and is a part of important international agreements and documents, for example, the Convention on Biological Diversity. Yet the interpretation of this principle is not straightforward as a guide for environmental policy – a variety of interpretations are possible. This paper identifies and examines various economic versions of the principle. Furthermore, it shows that different economic versions of the principle can give rise to conflicting policy recommendations for resource conservation. In addition, it demonstrates that applications of the principle do not always favour (natural) resource conservation (for example, biodiversity conservation) although the main support for it politically has been on the assumption it does. The principle’s potential consequences for biodiversity conservation of the introduction of new genetic material, such as genetically modified organisms are explored

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 23
Date: 2009-09
New Economics Papers: this item is included in nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uqseee:55339

DOI: 10.22004/ag.econ.55339

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