Applying a precautionary risk management strategy for regulation of nanotechnology. (1st February 2010)

• Record Type: Journal Article
• Authors: Tyshenko, Michael G.; Farhat, Nawal; Lewis, Roxanne; Shilnikova, Natalia; , Daniel Krewski
• Is Part Of: International journal of nanotechnology. Volume 7:Number 2/3(2010)
• Page Start: 243
• Page End: 264
• Publication Date: 2010-02-01
• Subjects: nanotechnology regulation -- precaution -- precautionary risk management -- social cohesion -- public perception -- nanotechnology innovation; 620.505
• Languages: English
• ISSNs: 1475-7435

Abstract

Nanotechnology promises a multiplicity of benefits to society. At the same time it has become a focus of debate regarding potential health and other associated risks. Rejection of new nanotechnology innovations could result in loss of trust in regulators, a phenomenon observed previously with nuclear and genetically altered food crop technologies. Due to this uncertainty a precautionary approach is warranted. The anticipated four stages of nanotechnology development, from passive to more active forms, are arrayed against existing risk management strategies of a precautionary nature. The overlay suggests that precaution is appropriate for all stages of nanotechnology development. Other effects from innovation, such as socio-economic inequity, disruptive impact on labour markets, alteration of global trade and unintended health and environmental impacts, can also be minimised by applying a precautionary approach. The use of a precautionary approach can provide protection to developers of nanotechnology, to individuals and to the environment.