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Seventh auction results secure more carbon abatement

15 June 2018

​The Emissions Reduction Fund has now purchased 192 million tonnes of abatement through 429 contracts.

The seventh Emissions Reduction Fund auction​, held from 6–7 June has contributed 6.67 million tonnes of abatement to the overall total, with 32 carbon abatement contracts awarded for 32 projects.

The Clean Energy Regulator purchased carbon abatement at an average price of $13.52 per tonne, with a contracted value of $90 million.

A total of $2.3 billion has now been committed under the Emissions Reduction Fund, and almost $250 million remains available for future purchasing activities.

A summary of Emissions Reduction Fund seventh auction results is available on the auction results page.

We have also updated the contracts table and project register to reflect the seventh auction results.

For more information, see the Emissions Reduction Fund .


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