The Tolerability of Risk: A New Framework for Risk Management

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Overview

There is an increasing dissatisfaction about how risk is regulated, leading to vivid debates about the use of 'risk assessment' and 'precaution'. As a result, academics, government officials and industry leaders are calling for new approaches and fresh ideas. This book provides a historical and topical perspective on the alternative concept of 'Tolerability of Risk' and its concrete regulatory applications.

In the UK, Tolerability of Risk has been developed into a sophisticated framework, particularly within the health and safety sectors. It is expected to guide decision-makers when applying their legal obligation of keeping risks as law as practically reasonable. Could Tolerability of Risk become a wider source of inspiration across the full scope of risk analysis and management?

Written by leading academics and risk practitioners from industry and government, The Tolerability of Risk presents a summary of theoretical perspectives on risk approaches, providing a detailed elicitation of the methods and approaches used to build the Tolerability of Risk framework and examining the prospect of universal application of that framework. From nuclear power to environmental pollution, climate change and drug testing, the Tolerability of Risk framework may offer a workable, pragmatic solution for balancing risks against the costs involved in controlling them, as well as developing the institutional capacity to make effective decision in all jurisdictions worldwide.

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Editorial Reviews

From the Publisher
'The Tolerability of Risk... offers a well-reasoned pitch on behalf of a framework for risk managers who need to move from a risk problem to a management solution and who want to do so with sensitivity to the many likely constituents who will perceive a stake in the outcome.'
Science Communication
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Product Details

  • ISBN-13: 9781844073986
  • Publisher: Taylor & Francis
  • Publication date: 3/28/2007
  • Series: Earthscan Risk in Society Series
  • Edition description: 1
  • Pages: 160
  • Product dimensions: 6.20 (w) x 9.30 (h) x 0.70 (d)

Meet the Author

Frédéric Bouder, formerly with the Organisation for Economic Co-operation and Development, is a senior policy analyst at the King's Centre for Risk Management, King's College London, UK, where he is developing pioneering research on pharmaceutical, chemical and nuclear risk regulation. David Slavin is a certified occupational physician and ex-nuclear safety regulator, currently working to develop new business models for Pfizer Inc. Ragnar E. Löfstedt is Professor of Risk Management and Director of King's Centre for Risk Management. He is a renowned expert in the changing nature of regulation in Europe and the role of public's trust in understanding present day regulation. He is Series Editor of the Risk, Society and Policy Series, and author or editor of numerous books, including Facility Siting (2004), Transboundary Risk Management (2001), The Earthscan Reader in Risk and Modern Society (1998) and Cases in Climate Change Policy (1997).

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Table of Contents

List of figures and tables vii

List of acronyms and abbreviations ix

Acknowledgements xi

Introduction Frédéric Bouder David Slavin Ragnar E. Löfstedt 1

Part I Concepts 5

1 Components of the Risk Governance Framework Ortwin Renn 7

2 The Risk Handling Chain Ortwin Renn 21

3 Wider Governance Issues Ortwin Renn 75

Part II Experiences 85

4 A Historical Perspective on Tolerability of Risk Jim McQuaid 87

5 Tolerability of Risk: The Regulator's Story Tony Bandle 93

6 Applying the HSE's Risk Decision Model: Reducing Risks, Protecting People Jean-Marie Le Guen 105

7 What Makes Tolerability of Risk Work? Exploring the Limitations of its Applicability to Other Risk Fields Robyn Fairman 119

Conclusion Frédéric Bouder David Slavin Ragnar E. Löfstedt 137

Index 141

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