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
About The Clean Energy Regulator
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Carbon Pricing Mechanism
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.
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