s. 1D (2) Decision making should be guided by— (a) a careful evaluation to avoid serious or irreversible damage to the environment wherever practicable; and (b) an assessment of the risk-weighted consequences of various options. 1D Principle of intergenerational equity S. 1D inserted by No. 7/2001 The present generation should ensure that the s. 3. health, diversity and productivity of the environment is maintained or enhanced for the benefit of future generations. 1E Principle of conservation of biological diversity and S. 1E inserted by ecological integrity No. 7/2001 s. 3. The conservation of biological diversity and ecological integrity should be a fundamental consideration in decision making. 1F Principle of improved valuation, pricing and S. 1F inserted by incentive mechanisms No. 7/2001 s. 3. (1) Environmental factors should be included in the valuation of assets and services. (2) Persons who generate pollution and waste should bear the cost of containment, avoidance and abatement. (3) Users of goods and services should pay prices based on the full life cycle costs of providing the goods and services, including costs relating to the use of natural resources and the ultimate disposal of wastes. (4) Established environmental goals should be pursued in the most cost effective way by establishing incentive structures, including market mechanisms, which enable persons best placed to maximise benefits or minimise costs to develop
(2) Decision making should be guided by— (a) a careful evaluation to avoid serious or irreversible damage to the environment wherever practicable; and (b) an assessment of the risk-weighted consequences of various options. S. 1D inserted by No. 7/2001 s. 3. 1D Principle of intergenerational equity s. 1D The present generation should ensure that the health, diversity and productivity of the environment is maintained or enhanced for the benefit of future generations. S. 1E inserted by No. 7/2001 s. 3. 1E Principle of conservation of biological diversity and ecological integrity The conservation of biological diversity and ecological integrity should be a fundamental consideration in decision making. S. 1F inserted by No. 7/2001 s. 3. 1F Principle of improved valuation, pricing and incentive mechanisms (1) Environmental factors should be included in the valuation of assets and services. (2) Persons who generate pollution and waste should bear the cost of containment, avoidance and abatement. (3) Users of goods and services should pay prices based on the full life cycle costs of providing the goods and services, including costs relating to the use of natural resources and the ultimate disposal of wastes. (4) Established environmental goals should be pursued in the most cost effective way by establishing incentive structures, including market mechanisms, which enable persons best placed to maximise benefits or minimise costs to develop
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