The 11th Emissions Reduction Fund auction was held on Wednesday 9 and Thursday 10 September 2020.
At the 11th 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.
The
contracts table and
project register have been updated to reflect the 11th auction results.
See the 11th Emissions Reduction Fund auction results for more information.