The aim of the initiatives and reforms introduced by the Ley de Economía Sostenible (Sustainable Economy Act) is to achieve a balanced and sustainable economic growth.

The financial crisis engulfing the world economy has forced the countries that are part of the G-20, the European Union and Spain to take drastic measures to mitigate its effects on the economic growth of the states.

In Spain, the Sustainable Economy Act published in the BOE (Official State Gazette) on 5 March, 2011, seeks sustainable growth from an economic, environmental and social point of view. Its structure and content focuses on reforms of the public sector, boosting the Spanish economic model and on new criteria for environmental sustainability.

The sustainable economy as defined in Article 2 of the Act is that which seeks to reconcile growth and development in both its economic and social aspect as well as environmental concerns, promoting the use of quality, equal opportunities and good use of natural resources.

As for the government, the objectives of this Act are specified in but not limited to, compliance with the “principles of good regulation”, i.e. the importance of observing the necessity, proportionality, legal certainty, transparency, accessibility, simplicity and effectiveness of the regulatory initiatives. In this way it is intended to limit those initiatives which, by not having been studied carefully, may “create unnecessary or disproportionate costs for citizens and businesses in relation to the objective of public interest to be attained.” This also includes the duty to promote corporate responsibility of companies, to boost industrial property rights and encourage the quality of our universities and professional training.

But the Law of Sustainable Economy does not only refer to the government, it also calls for increased transparency in companies listed on the Stock Exchange as well as credit institutions, insurance companies and investment services firms.

Last – but certainly not least – the Act sets the foundations of the new energy model. The savings and efficiency, the reduction of greenhouse gas emissions and sustainable transport and urban environment, are the targets which closes the penultimate chapter of the last crisis measures.

It is therefore important to be attentive to the development of this general regulation to take advantage of the potential opportunities it offers for promoting new business projects.

El objetivo de las iniciativas y reformas que introduce la Ley de Economía Sostenible es lograr un crecimiento económico equilibrado y duradero.

La crisis financiera que asola la economía internacional ha obligado a los países que forman parte del G-20, a la Unión Europea y a España a tomar medidas drásticas para paliar sus efectos en el crecimiento económico de los Estados.

En España, la Ley de Economía Sostenible publicada en el Boletín Oficial del Estado (BOE) el 5 de marzo de 2011, pretende un crecimiento sostenible desde el punto de vista económico, medioambiental y social. Su estructura y contenido se centra en las reformas del sector público, el impulso del modelo económico español y en nuevos criterios de sostenibilidad medioambiental.

La economía sostenible definida en el artículo 2 de la Ley, es aquella que pretende conciliar el crecimiento y desarrollo tanto en su vertiente económica y social como en lo que a medioambiente se refiere, favoreciendo el empleo de calidad, la igualdad de oportunidades y el buen uso de los recursos naturales.

En cuanto a las Administraciones Públicas, los objetivos de esta Ley se concretan, aunque no sólo, en el cumplimiento de los “principios de buena regulación”, es decir, en la importancia de observar la necesidad, proporcionalidad, seguridad jurídica, transparencia, accesibilidad, simplicidad y eficacia de las iniciativas normativas. De esta forma se pretenden limitar aquellas iniciativas que, por no estudiarse con detenimiento, puedan “generar a los ciudadanos y empresas costes innecesarios o desproporcionados, en relación al objetivo de interés general que se pretenda alcanzar”. Además tendrán, entre otros, el deber de promocionar la responsabilidad social de las empresas, de impulsar los derechos de propiedad industrial y fomentar la calidad de nuestras universidades y de la formación profesional.

Pero la Ley de Economía Sostenible no sólo se refiere a las Administraciones Públicas, también exige mayor transparencia tanto a sociedades que cotizan en Bolsa como a las entidades de crédito, entidades aseguradoras y empresas de servicios de inversión.

Por último – aunque no por ello menos importante – la Ley fija las bases del nuevo modelo energético. El ahorro y la eficiencia, la reducción de emisiones de gas de efecto invernadero y la sostenibilidad del transporte y del medio urbano, son los objetivos con los que se cierra el penúltimo capítulo de las últimas medidas contra la crisis.

Por ello es importante mantenerse atento al desarrollo de esta normativa general para aprovechar las posibles oportunidades que ofrece para el impulso de nuevos proyectos empresariales.

The aim of the initiatives and reforms introduced by the Ley de Economía Sostenible (Sustainable Economy Act) is to achieve a balanced and sustainable economic growth.

The financial crisis engulfing the world economy has forced the countries that are part of the G-20, the European Union and Spain to take drastic measures to mitigate its effects on the economic growth of the states.

In Spain, the Sustainable Economy Act published in the BOE (Official State Gazette) on 5 March, 2011, seeks sustainable growth from an economic, environmental and social point of view. Its structure and content focuses on reforms of the public sector, boosting the Spanish economic model and on new criteria for environmental sustainability.

The sustainable economy as defined in Article 2 of the Act is that which seeks to reconcile growth and development in both its economic and social aspect as well as environmental concerns, promoting the use of quality, equal opportunities and good use of natural resources.

As for the government, the objectives of this Act are specific, but not only, about compliance with the “principles of good regulation”, i.e. the importance of observing the necessity, proportionality, legal certainty, transparency, accessibility, simplicity and effectiveness of the regulatory initiatives. In this way it is intended to limit those initiatives which, by not having been studied carefully, may “create unnecessary or disproportionate costs for citizens and businesses in relation to the objective of public interest to be attained.” This also includes the duty to promote corporate responsibility of companies, to boost industrial property rights and encourage the quality of our universities and professional training.

But the Law of Sustainable Economy does not only refer to the government, it also calls for increased transparency in companies listed on the Stock Exchange as well as credit institutions, insurance companies and investment services firms.

Last – but certainly not least – the Act sets the foundations of the new energy model. The savings and efficiency, the reduction of greenhouse gas emissions and sustainable transport and urban environment, are the targets which closes the penultimate chapter of the last crisis measures.

It is therefore important to be attentive to the development of this general regulation to take advantage of the potential opportunities it offers for promoting new business projects.