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Another significant advantage of smart regulation is the potential for reduced compliance costs. Traditional regulatory frameworks often impose hefty costs on businesses, particularly small and medium enterprises (SMEs), which may lack the resources to navigate complex regulatory environments. By simplifying requirements and utilizing technology, smart regulation can lower these costs, allow for greater market participation, and stimulate economic growth. The adoption of regulatory sandbox models, which allow for experimentation with new business models in a controlled environment, exemplifies this approach.


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HEBEI OUYINUO gas metering

In many developing countries, LPG has become a vital alternative to traditional biomass fuels, such as wood and coal. Cooking with biomass can release significant indoor air pollutants, leading to severe health issues for households that rely on these sources. LPG, being a cleaner option, has helped to mitigate these health risks. Many governments have launched initiatives to promote LPG adoption as part of their energy transition strategies, recognizing that this shift can enhance public health broadly while reducing environmental degradation.


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HEBEI OUYINUO gas metering