Our dynamic operating environment spans various sectors and levels of government and extends to a wide range of stakeholders. We achieve our purpose and objectives by engaging and cooperating with stakeholders, including market participants, as well as scanning and proactively addressing challenges and opportunities that arise.
It is critical to look beyond our schemes to events and developments in other sectors, both domestically and internationally, to identify trends and signals that may have implications for our schemes. We are dedicated to actively developing all our staff and encouraging them to understand developments in emissions reduction and energy policy.
To achieve our purpose, we work closely with our scheme participants to support their actions to reduce greenhouse gas emissions, increase ecologically sustainable generation of renewable energy and comply with our schemes.
We also maintain strong relationships with our partners and stakeholders, to work collaboratively towards our purpose.
We are committed to working with our partners, including the Department of Industry, Science, Energy and Resources and other stakeholders to support transformation in the Australian energy sector and carbon markets. Our schemes contribute towards providing adequate, reliable and affordable energy while also helping to make the transition to a lower emissions economy.
A key focus for us will be supporting the implementation of the recommendations in the Examining additional sources of low-cost abatement: expert panel report (the King Review). The King Review recognises the important work we have already undertaken, including to implement the Climate Solutions Fund. An important element of the King Review seeks to leverage our schemes and systems to further enable and incentivise voluntary emissions reduction activities. For us, the vision of the report is a more diverse and more active carbon market, which builds on and enhances our schemes. This creates opportunities for us to continue to deliver innovations and to work more closely with business and industry on voluntary abatement activities.
We will also focus on working with partners to consult with affected businesses and other stakeholders on the detailed design and implementation arrangements for establishing a new low emissions technology deployment incentive scheme to reduce emissions from safeguard-covered facilities.
In addition, we will consult further with stakeholders to enable smaller projects to participate in and access the benefits of our schemes, and we will work with state and territory agencies to build awareness and potential integration with the Commonwealth’s carbon crediting architecture.
We will continue to cooperate with industry and stakeholders to understand and explore what is required to encourage a vibrant carbon market, including how that market is supported by the schemes we administer, and the growing business appetite to meet corporate sustainability goals by voluntarily surrendering units to offset emissions.
Understanding new and emerging technologies and adapting our implementation of the schemes to this changing landscape continues to be a priority. We will support the Government Technology Investment Roadmap and a framework to accelerate low emissions technologies as required. This may align with the initiatives we undertake to implement the elements
of the King Review response that falls to the Clean Energy Regulator.
As Australia recovers from the impact of COVID-19, the Government is bringing a strategic and system-wide view to future investments in low emissions technologies. Our agency focus over the coming four years will continue to invest in a digital future, creating a portal for the exchange of ACCUs while providing real-time information on emissions units and enhancing our IT systems to reduce the burden on Emissions Reduction Fund project participants, seeking to reduce processing timeframes to enter the scheme and receive credits by about half. In this way, we will continue to increase our own efficiency and effectiveness, while also making it easier for scheme participants and the wider community to access information that supports an informed market.
By improving our business systems in accordance with our Digital Roadmap, we support our purpose of accelerating carbon abatement for Australia. Additionally, many initiatives flagged in the Technology Investment Roadmap discussion paper have the potential to intersect with all our schemes and the markets they operate in.
Addressing climate change requires a global effort. Being alert to developments in international regulation and markets may also provide opportunities to develop closer ties with international organisations and industry groups, and to use our knowledge and expertise to help others pursue emissions reduction in a trusted and rigorous way.
In addition, price movements in international markets have an impact on the voluntary Australian carbon credit unit market in Australia. This is because businesses pursuing voluntary action through the Government’s Climate Active initiative can meet carbon neutrality objectives by purchasing international units rather than Australian carbon credit units.
We collect a large volume of data on supply and demand across the carbon markets our schemes operate
in. Information on key factors that influence market performance, trends and opportunities can inform market decisions. We will continue to provide this data to ensure the market is fully informed to perform well.
As the custodian of Australia’s key emissions, energy and abatement data, we provide regular insights, advice and data to Commonwealth, state and territory government agencies to inform policy and energy market reforms and help track progress towards Australia’s emissions
targets. As a result, quality data is essential for the integrity of our schemes, for supporting a vibrant carbon market and for maintaining the reputation of our agency as a trusted, relevant and expert institution. We are guided by whole-of-government initiatives, such as the Australian Government Public Data Policy, and the secrecy provisions within our legislation with regards to how we govern, share and manage our data.
We continually pursue opportunities to improve how we use our data. For example, using automation to achieve operational efficiencies and identify non-compliance early, and harnessing data analytics to improve our understanding of relevant environmental factors so we can more readily adapt to changing circumstances and make evidence-based decisions. We have developed
an internal data strategy for a phased program of work across our agency to refine data management and governance, introduce new ways to leverage the potential of our data and uplift our data literacy
About The Clean Energy Regulator
Carbon Farming Initiative
Carbon Pricing Mechanism
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.