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.
The final report is available at http://graham.umich.edu/media/files/HF-IA-Final-Report.pdf
Written by Chloe Marie - Research Fellow