Our regulatory stagnation is killing innovation

Innovation will never convert into productivity growth unless we constantly modernize our regulations, empowering businesses to implement innovative new practices that also protect consumers.

As an example of this stagnation, until last November, Canada’s electric metering legislation only allowed electric vehicle charging stations to charge for the amount of time used and not the actual cost of the electricity delivered, writes Sen. Colin Deacon. Unsplash photograph by Michael Fousert

Opinion

BY ISG SENATOR COLIN DEACON

February 1, 2023

Regulatory stagnation can cause harm because technologies, products, and business models are rapidly changing, and our regulatory frameworks are not keeping up. This creates increasing economic and public risks. The response to this stagnation is often to promote deregulatio...

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