Climate change expenditure review 2022–23

Status
In progress

We are reviewing whether we need to refine our regulatory approaches, given the climate change risks and opportunities that now confront regulated entities.

We have published a discussion paper seeking comments on matters including:

  • the risks and drivers of climate action
  • the effectiveness of existing regulatory frameworks to accommodate and create appropriate incentives to manage climate change risks
  • corporate and regulatory insights on how climate change is managed by other organisations.

We welcome comments from stakeholders in all sectors that we regulate. Please submit comments by 16 December 2022 (extended from 2 December). 

We will then produce a draft position paper for stakeholder comment, followed by a final position paper that outlines our views on the above matters.

Regulatory process

An indicative timeframe for key milestones is:

24 October 2022Discussion paper published
16 December 2022Stakeholder submissions due
March 2023Draft position paper
Second quarter 2023Stakeholder forum
Second quarter 2023Further submissions due
Third quarter 2023Final position paper