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Posted on August 06, 2008

By Jason D ScorseEven if we had perfect information on the environmental impacts of industrial chemicals and processes, determining the appropriate levels of regulation would be extremely difficult. In our modern economy, all of us are willing to accept some level of risk, some health and environmental impacts, in order to elevate our material standard of living. In essence, there is no zero impact equilibrium, unless we envisage some type of pre-industrial age (and even then it is debatable). Determining the appropriate level of regulation is made exponentially more difficult in a world o...

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economy , eu , european , policy , regulation , regulatory , research , sustainable