The third Emissions Reduction Fund auction was held on Wednesday 27 and Thursday 28 April 2016.
At the third auction:
- the Clean Energy Regulator committed to purchase 50 471 310 tonnes of abatement on behalf of the Commonwealth
- purchasing resulted in an average price per tonne of abatement of $10.23, which is the weighted average price for each Australian carbon credit unit purchased
at this auction
- 73 contracts were awarded for 73 projects
- the total value of contracts awarded was $516 million, and
- the largest single contract was for 15 million tonnes of abatement and the smallest for 5383 tonnes of abatement.
All information on the Carbon Abatement Contracts awarded by the Clean Energy Regulator is found in the
Carbon Abatement Contract table.
Summary of third auction results (April 2016)
Cumulative auction results – April 2015, November 2015 and April 2016
Download the
documentasset:Emissions Reduction Fund - Cumulative auction results for an overview of the combined results for auctions 1, 2 and 3.
Breakdown of activity by method
The Clean Energy Regulator received 103 bids for the third auction, 73 were successful. Details of total and accepted bids by method type are available below.
Download the
documentasset:Breakdown of activity by method.
Probity assessment of the third Emission Reduction Fund auction
The Clean Energy Regulator engaged Deloitte Touche Tohmatsu (Deloitte) to assess and report on the probity of the third 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 has provided an interim report which 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 April 2016 auction
This page provides access to documents related to the third auction.
These documents are for use with the April 2016 auction only.