How the Innovation Principle Supplements and Balances the Precautionary Principle

The Precautionary Principle is a statutory requirement in some EU laws, aiming to protect the public and environment from exposure to harm caused by scientific risks, which can be relaxed if further scientific evidence is found. However, the application of the principle can stifle innovation, such as with e-cigarette and genetically modified crop regulations. The Innovation Principle offers a solution by examining new policies for their negative impact on innovation, aiming to balance out the Precautionary Principle.