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Gonçalves, V. B. (2010). Aspects of economics and management in precautionary environmental decision. In CES, Coimbra (Ed.), The revival of political economy: Prospects for sustainable provision. (pp. 0-0). Coimbra: CES, Coimbra.

V. B. Gonçalves,  "Aspects of economics and management in precautionary environmental decision", in The revival of political economy: Prospects for sustainable provision, CES, Coimbra, Ed., Coimbra, CES, Coimbra, 2010, pp. 0-0

@inproceedings{gonçalves2010_1734884684505,
	author = "Gonçalves, V. B.",
	title = "Aspects of economics and management in precautionary environmental decision",
	booktitle = "The revival of political economy: Prospects for sustainable provision",
	year = "2010",
	editor = "CES, Coimbra",
	volume = "",
	number = "",
	series = "",
	pages = "0-0",
	publisher = "CES, Coimbra",
	address = "Coimbra",
	organization = "CES",
	url = "https://www.ces.uc.pt/eventos/politicaleconomy2010/media/Abstracts.pdf"
}

TY  - CPAPER
TI  - Aspects of economics and management in precautionary environmental decision
T2  - The revival of political economy: Prospects for sustainable provision
AU  - Gonçalves, V. B.
PY  - 2010
SP  - 0-0
CY  - Coimbra
UR  - https://www.ces.uc.pt/eventos/politicaleconomy2010/media/Abstracts.pdf
AB  - The precautionary principle is presently one of the main philosophies of environmental regulation in the  world.  It  is  inserted  in  national  law  in  many  countries  and  also  in  most  environmental international treaties and conventions (on climate change, chemicals, mobile phones, food security, etc.).  Besides  the  conventional  legal  focus  on  formulation  and  definition  matters,  the  role  of  the precautionary principle in the implementation of science-based decision processes in contexts of scientific uncertainty and conflicting value interests is a recurrent theme in recent literature. Yet,  despite  its  potential  role  in  improving  environmental  decision-making  economics  and management is not being thoroughly used in current precautionary practice. In order to highlight the possible contribution of this area of study, we briefly present a critical survey of the main theoretical approaches (namely result-oriented rationality and procedural rationality) and models that have been proposed for the economic interpretation and application of the precautionary principle. We also present the results of a survey of judicial cases analysis on the application of the principle in Portugal  and  other  countries,  where  the  need  to  clarify  decision  rules  and  improve  economic decision-making devices in public as well as corporate decision processes is illustrated. Based on our survey of judicial cases analysis we argue that an inclusive perspective, that recognizes the multidimensional nature of environmental risks should be envisaged. This would contribute to help decision-makers in the determination of environmental values, management of value conflicts, evaluation of social relevance of impacts and in improving planning, transparency and participation in decision-making. 
ER  -