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Hubs are developed in areas with advanced, protective regulatory frameworks across all relevant government levels that are implemented and enforced by adequately staffed agencies with a proven record of thoughtful oversight.
WHAT IT MEANS IN PRACTICE
Hub development teams do not seek out jurisdictions with the weakest regulations or enforcement records or bring on partners with a history of non-compliance. Instead, they work together with their partners, government officials, and other stakeholders to meet or exceed best practices and push for strong standards (e.g., methane regulations; air quality monitoring; water management programs). Both the Hub and partners, and any associated regulatory programs, clearly demonstrate a commitment to adequate staffing and training alongside transparent compliance and enforcement.
Where core regulatory programs or protections are absent or lagging what best practices would require, Hubs transparently identify gaps and any related impacts on their operational plans or timelines and support efforts to raise regulatory standards appropriately.
See also: Community Engagement Objective
Targeted outcomes
+LEGAL AND REGULATORY MECHANISMS
Hubs operate and are sited predominantly in regions that have legal and regulatory mechanisms in place to effectively minimize risks and encourage best practice operations.
PRIORITIZE RELIABLE ACTORS
Potential Hub participants or jurisdictions with a history of non-compliance or lax enforcement are selectively avoided in order to reduce risks and prioritize more reliable actors for investment incentive benefits.
CLARIFIED ROLES
Hubs with overlapping jurisdictions create publicly available agreements to clarify roles and ensure consistency and transparency in regulatory oversight and enforcement expectations.
BEST IN CLASS PRACTICES AND DESIGN
Hubs that are sited in jurisdictions with weaker regulations commit voluntarily to go above and beyond existing regulatory requirements to reflect “best in class” practices and design.
Resources & References
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