Probability And Uncertainty

Predictability and foreseeability also involve different roles for the concepts of probability and risk in technological and scientific and legal regulation. In formulating laws, scientific probability may be characterized as uncertainty, and without sufficient foundation for concern about the atmospheric conditions. Here, scientific uncertainty leads to an absence of regulation.

On the other hand, science can and does operate on probabilities or risk and in that sense does include scientific uncertainty without diminishing the development of appropriate regulatory regimes. For instance, in economic and business decisionmaking context, risk management is an established approach in many segments of society. Insurance and investment products in the marketplace are examples of socially valued items that are designed specifically by reference to uncertainty and are foundational features of a market economy and have been legally regulated since the last century.

Renewable Energy Eco Friendly

Renewable Energy Eco Friendly

Renewable energy is energy that is generated from sunlight, rain, tides, geothermal heat and wind. These sources are naturally and constantly replenished, which is why they are deemed as renewable.

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