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Participating in an auction

20 September 2018

Before deciding whether to participate in an Emissions Reduction Fund auction, you should read and understand the documentasset::Guidelines for the seventh auction, and the documentasset::Code of Common Terms in the carbon abatement contract. You may wish to seek legal or other advice to determine whether you wish to participate. It is important to do this in advance of the auction as you will automatically enter into a carbon abatement contract with the Clean Energy Regulator on behalf of the Commonwealth of Australia if your bid is accepted.

Once you have decided to participate in an auction there are four key steps:

Consultation on legislative amendments relating to human induced regeneration projects

The Department of the Environment and Energy is consulting on legislative amendments to the Carbon Credits (Carbon Farming Initiative) Rule 2015, affecting human induced regeneration (HIR) projects. The Clean Energy Regulator expects that once the Rule is made, it will be applied to all HIR projects including those registered at this auction.

Eighth Emissions Reduction Fund auction​

The Clean Energy Regulator will hold the eighth Emissions Reduction Fund auction on Monday 10 and Tuesday 11 December 2018.

The documentasset::Guidelines for the seventh auction provides information about how it will be conducted.

Timeline for the eighth auction

Key eventsTimelineDate
Project registration application deadline30 business days before the auction26 October 2018 (midnight AEDT)
Auction qualification application deadline20 business days before the auction9 November 2018 (midnight AEDT)
Auction registration application deadlineFive business days before the auction30 November 2018 (midnight AEDT)
Closing time for declaration of eligible projectsFive business days before the auction30 November 2018 (midnight AEDT)
Auction window10 December 2018 (9am AEDT) to
11 December  2018 (5pm AEDT)
Results released, authorised bidder notified and average price per tonne of abatement publishedBy the end of four business days after auction close17 December 2018

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