The second Emissions Reduction Fund auction was held on Wednesday 4 and Thursday 5 November 2015.
At the second auction:
- the Clean Energy Regulator committed to purchase 45 451 010 tonnes of abatement on behalf of the Commonwealth
- purchasing resulted in an average price per tonne of abatement of $12.25, which is the weighted average price for each Australian carbon credit unit purchased
at this auction
- 129 contracts were awarded for 131 projects
- the total value of contracts awarded was $556 million, and
- the largest single contract was for 2.5 million tonnes of abatement and the smallest for 15 333 tonnes of abatement.
All information on the Carbon Abatement Contracts awarded by the Clean Energy Regulator is found in the
Carbon Abatement Contract table.
Announcement of second Emissions Reduction Fund auction results
Summary of November auction results
Download the
documentasset:Emissions Reduction Fund auction results factsheet - November 2015 for a summary of auction results.
Cumulative auction results April and November 2015
Download the
documentasset:Emissions Reduction Fund total auction results factsheet for an overview of the results from the April and November auctions.
Probity assessment of the second Emission Reduction Fund auction
The Clean Energy Regulator engaged Deloitte Touche Tohmatsu (Deloitte) to assess and report on the probity of the second Emissions Reduction Fund auction. This included monitoring the integrity of the auction process, including the application of the variable volume threshold and assessment of bids.
Deloitte found that the “process was fair and transparent, decisions were made with accountability, and that confidential information associated with the auction was treated appropriately”.
Resources for November 2015 auction
This page provides access to documents related to the second auction.
These documents are for use with the November 2015 auction only.