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Ecology and economy in the Arctic. Uncertainty, knowledge and precaution

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Abstract

Climate change impacts in the Arctic require that complex relationships between the economy, the environment, and the living conditions of indigenous and local people be taken into account. While traditional approaches to economic valuation may not be sufficient to capture these relationships, the research area of ecological economics suggests broader approaches to environmental uncertainties, taking into account ethical values and conflicts of interest. Increased activity in petroleum exploration, manufacturing, transportation, tourism and other services have the potential to alter the Arctic environment and societies considerably. Application of the precautionary principle is suggested as a way to manage situations with large degrees of environmental uncertainty and potentially irreversible consequences. Precautionary approaches require the development of processes for acknowledgement of uncertainties, facilitation of stakeholder participation, recognition of ethical values, and taking into account the traditional ecological knowledge of indigenous people of the Arctic. Combining traditional and scientific knowledge about nature is an important part of understanding the resilience capacity of ecological and social systems, and of enhancing the potential for sustainable development.

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  • Iulie Aslaksen & Solveig Glomsrød & Anne Ingeborg Myhr, 2007. "Ecology and economy in the Arctic. Uncertainty, knowledge and precaution," Discussion Papers 525, Statistics Norway, Research Department.
  • Handle: RePEc:ssb:dispap:525
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    File URL: https://www.ssb.no/a/publikasjoner/pdf/DP/dp525.pdf
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    1. Martinez-Alier, Joan & Munda, Giuseppe & O'Neill, John, 1998. "Weak comparability of values as a foundation for ecological economics," Ecological Economics, Elsevier, vol. 26(3), pages 277-286, September.
    2. Funtowicz, Silvio O. & Ravetz, Jerome R., 1994. "The worth of a songbird: ecological economics as a post-normal science," Ecological Economics, Elsevier, vol. 10(3), pages 197-207, August.
    3. Munda, Giuseppe, 2004. "Social multi-criteria evaluation: Methodological foundations and operational consequences," European Journal of Operational Research, Elsevier, vol. 158(3), pages 662-677, November.
    4. Reinert, Erik S., 2006. "The Economics of Reindeer Herding: Saami Entrepreneurship between Cyclical Sustainability and the Powers of State and Oligopolies," MPRA Paper 49798, University Library of Munich, Germany.
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    More about this item

    Keywords

    Arctic; Environmental uncertainty; Ecological Economics; Precaution;

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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