The fifth Emissions Reduction Fund auction was held on Wednesday 5 and Thursday 6 April 2017.
At the fifth auction:
- the Clean Energy Regulator committed to purchase 11.25 million tonnes of abatement on behalf of the Commonwealth
- purchasing resulted in an average price per tonne of abatement is $11.82, which is the weighted average price for each Australian carbon credit unit purchased
at this auction
- 31 contracts were awarded for 38 projects
- the total value of all contracts awarded was $133 million, and
- the largest single contract was for 4 million tonnes of abatement and the smallest for 10 000 tonnes of abatement.
See more information about contracts awarded at auction in the
carbon abatement contract table.
Summary of fifth auction results
Download the
documentasset:Fifth Auction April 2017 results for a summary of auction results.
Cumulative results from all five auctions
Download the
documentasset:Cumulative auction results April 2017 for an overview of the combined results for auctions 1-5.
Breakdown of activity by method
Download the
documentasset:Fifth auction April 2017 - breakdown of activity by method for a summary of auction results.
Probity assessment of the fifth Emission Reduction Fund auction
The Clean Energy Regulator engaged Deloitte Touche Tohmatsu (Deloitte) to assess and report on the probity of the fifth 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 April 2017 auction
This page provides access to documents related to the fifth auction.
These documents are for use with the April 2017 auction only.