Recently, the Graham Sustainability Institute of the
University of Michigan released an integrated assessment final report on high
volume hydraulic fracturing in Michigan. This report provides an analysis of
policy options for responding effectively to the question “[w]hat are the best
environmental, economic, social, and technological approaches for managing
hydraulic fracturing in the State of Michigan?”
The authors proposed either adaptive or precautionary
policy frames for public participation, water resources management, and
chemical use disclosure. They observed that “no regret policies” might be the
best approach regarding to hydraulic fracturing activities – meaning that such
policies will involve net benefits without weighing for future safety,
technology trends and price fluctuation.
The authors also considered the precautionary
principle as a way to regulate hydraulic fracturing in Michigan.
Written by Chloe Marie - Research Fellow
09/28/2015
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