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Our strategic approach

 

The carbon pricing mechanism is at the heart of a major economic reform. The Clean Energy Regulator is responsible for the credible regulation of the primary carbon market, including the issuance and security of a new class of property right, and will collect significant amounts of Commonwealth revenue. This means that its regulatory, business and assurance models must be of the highest standards.

 

It is the intent of the Clean Energy Regulator to do more than mechanically administer the legislation. Rather, the Regulator will focus on the objectives of the schemes and will adapt its approach accordingly.

 

As a regulatory body, the Clean Energy Regulator will require effective decision making and administration. It will deploy the compliance and enforcement tools at its disposal judiciously and will also take steps to anticipate the wider interest, such as the need for the market system to evolve along a strategic pathway.

 

The Clean Energy Regulator will regularly review its strategic approach. The model below (Figure 3) describes the expected evolution of the Clean Energy Regulator over the three year planning period.

Figure 3: The annual advancement of the Clean Energy Regulator's strategic approach

Figure 3: The annual advancement of the Clean Energy Regulator's strategic approach 

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