Emissions Reduction Fund Auction 14 results

The Clean Energy Regulator held the 14th Emissions Reduction Fund (ERF) Auction on 5 and 6 April 2022. 7.6 million tonnes of carbon abatement for optional delivery was contracted at an average price of $17.35.

At the auction, 25 new optional delivery ERF contracts, nominally valued at $131 million, were awarded and over 76% of the volume offered at auction was accepted. Successful bids included revegetation, soil carbon, industrial efficiency, and landfill waste gas projects.

Media Release: Australia’s carbon markets reach new highs in 2021

Australia’s renewable energy and carbon markets broke new records in 2021 according to the Clean Energy Regulator’s December 2021 Quarterly Carbon Market Report (QCMR), with strong gains across the board.

The report, which includes data for all of 2021, highlights the growing investment appetite for renewable energy and increasing demand for high integrity Australian Carbon Credit Units (ACCUs).

Media Release: The evolving carbon market: transitional arrangements for Emissions Reduction Fund fixed delivery contracts

On 4 March 2022, the Minister for Industry, Energy and Emissions Reduction, the Hon Angus Taylor MP announced changes to Emissions Reduction Fund (ERF) contracts.

See the latest news item published on 9 March 2022 for information on the consultation process, benefit sharing arrangements, and other eligibility criteria.

The evolving carbon market: transitional arrangements for Emissions Reduction Fund fixed delivery contracts

On 4 March 2022, the Minister for Industry, Energy and Emissions Reduction announced changes to Emissions Reduction Fund (ERF) fixed delivery contracts. Current holders of fixed delivery contracts will now be able to pay an exit fee to be released from fixed delivery obligations to the Commonwealth under a new initiative being offered by the Clean Energy Regulator.

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