The Challenge of Coherent Environmental and Energy Regulation
Chapter 3: Regulation of technology versus technology of regulation – risk and regulatory design of ‘new’ technologies in the European Union – lessons for and from shale gas
This chapter establishes how the regulatory design and policy impacts the development of a technology and the current procedure of dealing with cross-cutting energy and environmental issues. More precisely, the regulation of CCS and nanotechnology will be studied and compared to the regulatory approach taken to shale gas. The analysis focuses on the parameters of the degree of newness of a technology, bindingness of regulatory measures, underlying risk management principle, management of the public debate and business case of the technology. In addition the prevention, precautionary and conservatism principle as tools for regulation of new technologies will examined. Key words: new technologies; carbon capture and storage; nanotechnology; shale gas; risk regulation; precaution, prevention and conservatism
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