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Auction June 2018

31 October 2018

The seventh Emissions Reduction Fund auction was held on Wednesday 6 and Thursday 7 June 2018.

At the seventh auction:

  • the Clean Energy Regulator committed to purchase 6.67 million tonnes of abatement on behalf of the Commonwealth
  • purchasing resulted in an average price per tonne of abatement of $13.52, which is the weighted average price for each Australian carbon credit unit purchased at this auction
  • 32 contracts were awarded for 32 projects
  • the value of all contracts awarded was $90 million, and
  • the largest single contract was for 773,364 tonnes of abatement and the smallest for 51,959 tonnes of abatement.

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

Summary of seventh auction results

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

Emissions Reduction Fund seventh auction results infographic  
Seventh Auction 6-7 June 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:seventh auction results June 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 contract portfolio infographic  
Emissions Reductio Fund contract portfolio
461 projects under contract
$249 million remaining
31.6 million tonnes of delivered abatement
16 completed contracts
192 million tonnes of abatement
Average price per tonnes of abatement across all auctions: $11.97

Download the documentasset:Emissions Reduction Fund contract portfolio June 2018

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 seventh auction Scheme performance infographic  
Emissions Reduction Fund scheme performance
120.6% on track against scheduled deliveries
16.5% of 192 million tonnes
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:Emissions Reduction Fund scheme performance June 2018​

Probity assessment of the seventh Emission Reduction Fund auction

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

Resources for June 2018 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

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