On Wednesday 15 and Thursday 16 April the Clean Energy Regulator held the first Emissions Reduction Fund auction.
The Clean Energy Regulator has awarded 107 Carbon Abatement Contracts to deliver a total of 47 333 140 tonnes of abatement.
The total value of contracts awarded $660 471 500. The average price per tonne of abatement is $13.95.
The Carbon Abatement Contracts were awarded to 43 contractors covering 144 projects. The majority applied under sequestration methods, and landfill and alternative waste treatment methods.
Contract lengths range between three and 10 years.
The largest single contract is for 3 526 278 tonnes of abatement and the smallest is for 12 000 tonnes of abatement.
All information on the Carbon Abatement Contracts awarded by the Clean Energy Regulator is found in the Carbon Abatement Contract table.
Emissions Reduction Fund auction results factsheet for a summary of the results.
The Clean Energy Regulator engaged Deloitte Touche Tohmatsu (Deloitte) to assess and report on the probity of the first Emission Reduction Fund auction. This included assessing the business processes, separation of roles and responsibilities, and confidentiality of information such as auction bids and abatement volumes.
Deloitte found that the "process was fair and transparent, decisions were made with accountability, and that confidential information associated with the auction was treated appropriately".
This page provides access to documents related to the first auction.
These documents are for use with the April 2015 auction only.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.