The 11th Emissions Reduction Fund auction was held on Wednesday 9 and Thursday 10 September 2020.

At the eleventh auction:

• the Clean Energy Regulator committed to purchase 7 million tonnes of abatement on behalf of the Commonwealth
• average price per tonne of abatement purchased at the auction was $15.74:
  • $15.77 for optional delivery, and
  • $15.53 for fixed delivery.
• 35 contracts were awarded for 33 projects with two projects securing both an optional and fixed delivery contract, and
• the value of all contracts awarded was $110.3 million.

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

Summary of eleventh auction results

The below infographic includes information about the key figures and results from the 11th auction.

Download the documentasset::11th Auction September 2020 - Results

Contract portfolio

The below infographic includes information across all auctions to date, referred to as the contract portfolio. This includes information about paid and committed 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.

Download the documentasset::11th Auction September 2020 - Contract portfolio.

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

 

Download the documentasset::11th Auction September 2020 - Scheme performance.

Probity assessment of the eleventh Emission Reduction Fund auction

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

Resources for September 2020 auction

These documents are for use with the September 2020 auction only.