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Auction July 2019

01 August 2019

The ninth Emissions Reduction Fund auction was held on Wednesday 24 and Thursday 25 July 2019.

At the ninth auction:

  • the Clean Energy Regulator committed to purchase 59 thousand tonnes of abatement on behalf of the Commonwealth
  • purchasing resulted in an average price per tonne of abatement of $14.17, which is the weighted average price for each Australian carbon credit unit purchased at this auction
  • three contracts were awarded for three projects, and
  • the value of all contracts awarded was $840,000.

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

Summary of ninth auction results

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

Emissions Reduction Fund seventh auction results infographic 
Eighth Auction 10-11 December 2018 results
Average price per tonne of abatement: $13.52
Percentage of abatement accepted below benchmark price: 83%
Auction 7 committed $90 million
6.67 million tonnes
26 contracts awarded
26 projects contracted

Download the documentasset::Ninth auction results December 2018

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 seventh auction results infographic 
Emissions Reductio Fund contract portfolio
461 projects under contract
$249 million remaining
192 million tonnes of abatement
16 completed contracts
Average price per tonnes of abatement across all auctions: $11.97
31.6 million tonnes of delivered abatement

Download the documentasset::Ninth auction contract porfolio infographic 2019.

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, and quantity of abatement delivered to date compared to scheduled deliveries.

Emissions Reduction Fund seventh auction Scheme performance infographic 
Emissions Reduction Fund scheme performance
16.5% of 192 million tonnes
120.6% on track against scheduled deliveries
31.6 million tonnes of delivered abatement
Table showing delivered abatement seperated by method types.
Bar graph showing scheduled abatement of past and future auctions.

Download the documentasset::Ninth auction scheme performance infographic 2019.

Probity assessment of the ninth Emission Reduction Fund auction

The Clean Energy Regulator engaged Protiviti Pty Ltd to assess and report on the probity of the ninth Emissions Reduction Fund auction.

Resources for July 2019 auction

These documents are for use with the July 2019 auction only.

Documentasset::Guidelines for the ninth Emissions Reduction Fund auction
documentasset::Code of common terms - version 3


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