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Our objectives

The following objectives, priorities and key activities provide a comprehensive summary of the work we do to support vibrant carbon markets and accelerate carbon abatement for Australia. The planning priorities and key activities are mutually reinforcing could be applied across multiple objectives, and outline how we will improve our program delivery and engage with our stakeholders. Key activities and their associated KPIs are placed under the objective they are key drivers in achieving, noting that some KPIs may be relevant to more than one objective.

Objective: A trusted, relevant and expert institution

The Clean Energy Regulator publishes relevant, accurate and timely data and other information to promote and enhance a well-functioning, vibrant and liquid carbon market and to inform future policy development. In doing so, our agency relies on and supports productive and collaborative relationships across governments, states and territories, and industry and stakeholder bodies.

Planning Priority 1: Pursue relevant initiatives as directed by government and support other government priorities as required, building on the administration of our legislated schemes and supporting the evolution of an effective and vibrant carbon market.

Planning Priority 2: Build our data quality and accessibility while adapting to changing policy, technologies, business models and market behaviours.

Key activities: Change

  • Support businesses to engage in voluntary carbon markets to deliver credible net emission positions.
  • Improve the availability, transparency and accuracy of our market data for scheme and other market participants.
  • Support policy development to recognise emission reductions from beyond business as usual activities below a facilities’ Safeguard baseline.
  • Accelerate the emergence of an online exchange traded market for emissions offsets.

Key activities: Maintain

  • Maintain and develop the right mix of economic, legal, commercial, problem solving and technical skills.
  • Build and maintain strong relationships with stakeholders, industry, and state and territory governments to understand their priorities and potential interactions with carbon markets and our schemes.
  • Publish information on our website that sets out our expectations of behaviour and how to comply with the law, to enable people to make informed decisions about participating in our voluntary schemes.
  • Promote the participation of suitably qualified, competent, capable and compliant participants for our voluntary schemes (ERF and aspects of the RET).

Key Performance Indicators

Key Performance Indicators (KPIs)Target (2021–25)
Level of participant satisfaction with the quality and timeliness of market information.*80 per cent
Methodology: Results from the agency’s annual participant survey indicating satisfaction with the range of market information delivered by the agency. The result is derived from a set of questions in the survey related to the agency’s market information.
No significant breaches of government, administrative, legal and policy requirements.*0 breaches
Methodology: Assessed through instances / cases of non-compliances recorded as part of annual compliance statements and any findings from internal and external audits on agency operations and compliance.
Partnering to implement relevant recommendations from the King Review.*Qualitative analysis
Methodology: We focus on implementing relevant recommendations from the King Review. Our performance against this KPI would be demonstrated through the use of a case study where appropriate.
Improvements to the way we use and share data.*Qualitative analysis
Methodology: The agency must build on data quality and accessibility to promote and enhance a well-functioning, vibrant and liquid carbon market. Our performance against this KPI would be demonstrated through the use of a case study where appropriate.

* Effectiveness KPI ^Efficiency KPI ~Output KPI

Hydroelectric network dam
Hydroelectric network dam. Credit: iStock Photo.

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