Smart Regulation slated to promote sustainable growth

Yesterday, your blogger attended the conference in Paris on "Smart Regulation and Sustainable Growth" organised by the Korean Legislative Research Institute and the University of Aix-Marseille (FR). The two communities of experts were represented and explored how they could better work together for more effective policy outcomes. This would include tapping the potential of the principles of Better/Smart Regulation to improve the long-term perspective in making and enforcing regulation, to enhance results in the areas of green growth, climate change and biodiversity. Contributions also addressed the effectiveness of regulations compared to other interventions, and means to enlist citizens in securing enforcement, including through easier and less costly access to litigation. Korea put forward the point that incentives could be a major factor for obtaining the right change of behaviors. Participants were referred, for further study, to the OECD publication "Towards Green Growth" (April 2011) which includes sections on how well conceived regulation can contribute to the policy (see pp 45 sq). This blog will report as proceeds are published online.