SummaryI. A SIMPLE IDEA FOR THE REGULATION OF RISK: IN CASEOF DOUBT, BE CAUTIOUS …................................................................................. 9V. THE CONCEPTS OF RISK AND HAZARD IN A LEGAL CONTEXT . 13VI. THE ORIGIN OF THE PRECAUTIONARY PRINCIPLE ANDITS BASIS …

emissions trajectories that minimize the risk of catastrophic outcomes, and then (2) backing out the social cost of carbon based …

progress induces earlier prevention effort only if prudence is larger than twice absolute risk aversion. This paper thus …

given technology is not conclusive. It is often applied where a safety risk is known to exist, but the probability and … magnitude of harm are uncertain or unknown. The principle thus supports — and is an important element of — risk-based regulation … safety risk of technologies supporting the energy transition is immediate, which can lead regulators to operate and apply the …