Risk-based regulation in environmental governance

Concepts of risk-based regulation in the environmental sphere have acquired considerable official interest in Australia in recent years, both at national and State levels. This article considers origins and context of risk-based approaches to environmental regulation in Australia and internationally, with a view to interrogating the meaning of these concepts. It critically reviews the content and practical operation of risk-based approaches to environmental regulation, concluding that cautious consideration is needed. The article outlines a principled framework for the interpretation and application of risk models in the service of environmental protection.