There are four steps to participating in the Emissions Reduction Fund:
- Join the scheme by registering yourself and your project. For more information see
Step 1 - Apply.
- Secure a contract with the Australian Government by participating in an auction. For more information see
Step 2 - Contracts and auctions.
- Run your project according to the method you have chosen to use. Report on your project and ensure it is audited when required. For more information see
Step 3 - Reporting and auditing.
- Claim Australian carbon credit units (ACCUs) for the emissions reductions you have achieved and sell them. For more information see
Step 4 - Delivery and payment.
In addition to these four steps there are some further details to be aware of if you are considering participating in the Emissions Reduction Fund:
- You do not have to be securing a carbon abatement contract with the Australian Government to participate in the Emissions Reduction Fund. You can run a project and be issued with ACCUs without one.
- You can secure a carbon abatement contract by participating in an auction even if you have not yet been issued with credits for abatement achieved by your project. The contract will set out a delivery schedule into the future.
- You can start your project as soon as it is registered by the Clean Energy Regulator and secure a carbon abatement contract by bidding into an auction later.