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The Precautionary Principle Revisited: Its Interpretations and their Conservation Consequences

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  • Tisdell, Clement A.

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

Suggested Citation

  • Tisdell, Clement A., 2009. "The Precautionary Principle Revisited: Its Interpretations and their Conservation Consequences," Economics, Ecology and Environment Working Papers 55339, University of Queensland, School of Economics.
  • Handle: RePEc:ags:uqseee:55339
    DOI: 10.22004/ag.econ.55339
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    References listed on IDEAS

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    1. Gatzweiler, Franz W. & Volkmann, Jorg, 2007. "Beyond Economic Efficiency in Biodiversity Conservation," Institutional Change in Agriculture and Natural Resources Discussion Papers 7704, Humboldt University Berlin, Department of Agricultural Economics.
    2. Tisdell, Clem, 1990. "Economics and the debate about preservation of species, crop varieties and genetic diversity," Ecological Economics, Elsevier, vol. 2(1), pages 77-90, April.
    3. Clem Tisdell, 2002. "The Economics of Conserving Wildlife and Natural Areas," Books, Edward Elgar Publishing, number 2526.
    4. Tisdell, Clem, 1970. "Implications of Learning for Economic Planning," Economic Change and Restructuring, Springer, vol. 10(3), pages 177-192.
    5. Tisdell, Clement A., 2006. "Poverty, Political Failure and the Use of Open Access Resources in Developing Countries," Economics, Ecology and Environment Working Papers 55094, University of Queensland, School of Economics.
    6. Clement A Tisdell, 2009. "Resource and Environmental Economics:Modern Issues and Applications," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6980, February.
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    Cited by:

    1. Tisdell, Clement A., 2012. "Biodiversity Change and Sustainable Development: New Perspectives," Economics, Ecology and Environment Working Papers 125211, University of Queensland, School of Economics.
    2. Shyama V. Ramani & Mhamed-Ali El-Aroui, 2020. "On application of the precautionary principle to ban GMVs: an evolutionary model of new seed technology integration," Journal of Evolutionary Economics, Springer, vol. 30(4), pages 1243-1266, September.
    3. Clement A. Tisdell, 2017. "Bounded Rationality, Satisficing and the Evolution of Economic Thought," Economic Theory, Applications and Issues Working Papers 264873, University of Queensland, School of Economics.
    4. Tisdell, Clem, 2014. "Genetic Erosion in Traditional Food Crops in the Pacific Islands: Background, Socioeconomic Causes and Policy Issues - WP193 Amended," Economics, Ecology and Environment Working Papers 183260, University of Queensland, School of Economics.
    5. Tisdell, Clem, 2014. "Genetic Erosion in Traditional Food Crops in the Pacific Islands: Background, Socioeconomic Causes and Policy Issues," Economics, Ecology and Environment Working Papers 168374, University of Queensland, School of Economics.
    6. Clem Tisdell, 2013. "Economics, ecology and GMOs: sustainability, precaution and related issues," Chapters, in: M. A. Quaddus & M. A.B. Siddique (ed.), Handbook of Sustainable Development Planning, chapter 5, pages 91-118, Edward Elgar Publishing.
    7. Tisdell, Clement A., 2012. "Sustainable Development Planning: Allowing for Future Generations, Time and Uncertainty," Economics, Ecology and Environment Working Papers 125210, University of Queensland, School of Economics.

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    More about this item

    Keywords

    Environmental Economics and Policy;

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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