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Auction - November 2016

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03 August 2017
ERF

​The fourth Emissions Reduction Fund auction was held on Wednesday 16 and Thursday 17 November 2016.

At that auction the Clean Energy Regulator:

  • Committed to purchase 34 356 058 tonnes of abatement on behalf of the Commonwealth.
  • The average price per tonne of abatement is $10.69.
  • 47 contracts have been awarded, covering 49 projects.
  • The total value of contracts awarded at this auction is $367 392 993.
  • The largest single contract is for 7.5 million tonnes of abatement and the smallest is for 20 000 tonnes of abatement.

All information on the Carbon Abatement Contracts awarded by the Clean Energy Regulator is found in the Carbon Abatement Contract table.​

Summary of fourth auction results (November 2016)

summary of the fourth auction results

Download the documentasset:ERF Fourth Auction November results for a summary of auction results.

Cumulative auction results – April 2015, November 2015, April 2016, November 2016

overview of the combined results for auctions 1, 2, 3, and 4

Download the documentasset:Cumulative auction results November 2016 for an overview of the combined results for auctions 1, 2, 3, and 4.

Breakdown of activity by method (November 2016)

Breakdown of activity by method

Download the documentasset:ERF Fourth Auction November breakdown of activity by method for a summary of auction results.

Probity assessment of the fourth Emission Reduction Fund auction

The Clean Energy Regulator engaged Deloitte Touche Tohmatsu (Deloitte) to assess and report on the probity of the fourth 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.”​


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