Participating in an auction

Up to $5000 advance to support Soil Method baseline sampling costs for soil carbon projects

An advance payment worth up to $5,000 is available through a pilot program for eligible Emissions Reduction Fund (ERF) projects to help with upfront costs of soil sampling.

Key Features

Advance payment for Australian carbon credit units (ACCUs) to assist with meeting the costs of required baseline soil sampling.
ACCUs, subject to the advance payment, must be provided within five (5) years.
One advance payment per eligible project.
Available to projects under the Carbon Credits (Carbon Farming Initiative – Measurement of Soil Carbon Sequestration in Agricultural Systems) Methodology Determination 2018 and the Carbon Credits (Carbon Farming Initiative - Estimation of Soil Organic Carbon Sequestration using Measurement and Models) Methodology Determination 2021.
For new baseline soil sampling only.
Data from soil sampling will need to be provided to the Commonwealth to help inform method development.
Project must be connected to a relevant Commonwealth contract.
Contract holder will receive the payment

where the landholder is not the contract holder arrangements will need to be agreed between these parties.

See more information on the advance to support soil method baseline sampling.

Emissions Reduction Fund auction 15 announced

The Clean Energy Regulator will hold the Emission Reduction Fund auction 15 on Wednesday 29 and Thursday 30 March 2023.

Read the documentasset:Guidelines for the ERF auction 15. These guidelines detail how we will conduct this auction.

Timeline for the auction 15

Key events	Timeline	Date*
Project registration application deadline	31 business days prior to the auction	Tuesday 14 February 2023 (11:59 pm)*
Auction qualification application deadline	26 business days prior to the auction	Tuesday 21 February 2023 (11:59 pm)**
Auction registration application deadline	5 business days prior to the auction	Wednesday 22 March 2023 (11:59 pm)*
Closing time for declaration of eligible projects	5 business days prior to the auction	Wednesday 22 March 2023 (11:59 pm)*
Auction window	2 days	Wednesday 29 March (12:01 am)* to Thursday 30 March 2023 (5:00 pm)*
Results released, authorised bidder notified and average price per tonne of abatement published	-	As soon as possible following auction close

* All times are given as local time in the Australian Capital Territory, which will be operating under Australian Daylight Saving (AEDT).

** New applicants to the scheme who are party to a trust or company may be subject to third party assessment and should submit their auction qualification prior to the deadline to maximise the time available if further information is required.