| Resource type | Replay |
| Publication year | 2022 |
4 avril 2022
Most regulations draw from ex-post notices of market failures or of competitors’ misbehaviours. Pushed by the impacted stakeholders, public authorities issue rules and establish oversight mechanisms. In an era of rapid technological change, and also characterised by the necessity to speed-up the response to the climate crisis, reducing the duration of the policy cycle is essential.
Due to their in-depth understanding of the industry’s and operators’ strategies, as well as thanks to their ties with the stakeholders, sectoral regulators can play a central role in contributing to the understanding of regulatory needs, especially by contributing to horizon scanning and scenario design. In a soft law approach, strategic foresight by regulators can also favour the convergence toward “focal points” — i.e. shared visions by the various players — that would allow coordination of strategies and implementation of the precautionary principle.
