Skip Ribbon Commands
Skip to main content
Sign In

Auction December 2017

Suggested Reading Suggested Reading

20 September 2018

The sixth Emissions Reduction Fund auction was held on Wednesday 6 and Thursday 7 December 2017.

At the sixth auction:

  • the Clean Energy Regulator committed to purchase 7.95 million tonnes of abatement on behalf of the Commonwealth
  • purchasing resulted in an average price per tonne of abatement of $13.08, which is the weighted average price for each Australian carbon credit unit purchased at this auction
  • 26 contracts were awarded for 26 projects
  • the total value of all contracts awarded was $104 million, and
  • the largest single contract was for 1.7 million tonnes of abatement and the smallest for 5000 tonnes of abatement.

See more information about contracts awarded at auction in the carbon abatement contract table.

Summary of sixth auction results

The below in infographic includes information about the key figures and results from the sixth auction.

Emissions Reduction Fund sixth auction results infographic  

Download the documentasset::sixth auction results.

Contract portfolio

The below infographic includes information across all auctions to date, referred to as the contract portfolio. This includes information about paid, committed and remaining funding under the Emissions Reduction Fund, total projects under contract and by state and territory, contracted abatement, number of contracts, average price per tonne of abatement per auction and across all auctions, total contracted abatement by method.

Emissions Reduction Fund sixth auction contract portfolio results infographic  

Download the documentasset::sixth auction contract portfolio results.

Scheme performance

The below infographic includes information about the percentage of abatement delivered by auction and across all auctions, total abatement delivered and remaining to be delivered, scheduled and delivered abatement across financial years, quantities of abatement delivered by method (excluding fugitive emissions which has no delivered abatement to date) and quantity of abatement delivered to date compared to scheduled deliveries.

Emissions Reduction Fund sixth auction scheme performance results infographic  

Download the documentasset::sixth auction scheme performance results.

Probity assessment of the sixth Emission Reduction Fund auction

The Clean Energy Regulator engaged Deloitte Touche Tohmatsu (Deloitte) to assess and report on the probity of the sixth Emissions Reduction Fund auction. This included monitoring the integrity of the auction process, including the application of the variable volume threshold and assessment of bids.

Deloitte has provided an interim report which found that the “process was fair and transparent, decisions were made with accountability, and that confidential information associated with the auction was treated appropriately.”

Resources for December 2017 auction

This page provides access to documents related to the fifth auction.

These documents are for use with the June 2018 auction only.


Documents on this page Documents on this page

Was this page useful?

LEAVE FEEDBACK
 
 
preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only