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Average price of $12.25 secures over 45 million tonnes of abatement at second auction

12 November 2015

The Clean Energy Regulator has purchased over 45 million tonnes of abatement at an average price of $12.25 per tonne at the second Emissions Reduction Fund auction held on 4 and 5 November 2015.

The Clean Energy Regulator has awarded 129 carbon abatement contracts to 77 contractors, ranging from one to ten years in length, for a total value of almost $557 million.

From both auctions there is a portfolio of carbon abatement contracts that will deliver almost 92.8 million tonnes of abatement at an average price of $13.12. This represents a total commitment of $1.2 billion in round terms.

A summary of the Emissions Reduction Fund auction results is available on the auction results page.

Information on the contracts awarded is found on the Carbon Abatement Contract table and details about projects registered under the Emissions Reduction fund are available on the project register.

For more information about how to participate in the Emissions Reduction Fund visit the Emissions Reduction Fund pages.


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