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Auction April 2021

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23 April 2021
ERF
Media

The 12th Emissions Reduction Fund Auction was held on Monday 12 and Tuesday 13 April 2021.

At the 12th Auction:

  • the Clean Energy Regulator committed to purchase 6.8 million tonnes of abatement on behalf of the Commonwealth,
  • average price per tonne of abatement purchased at the Auction was $15.99:
    • $15.97 for optional delivery, and
    • $17.00 for fixed delivery.
  • 10 contracts were awarded for 10 projects, and
  • the value of all contracts awarded was $108 million.

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

Summary of 12th Auction results

The below infographic includes information about the key figures and results from the 12th Auction.

Auction 12 results
Contracted abatement: 6.8 million tonnes
Average price per tonne of abatement: $15.99
Auction 12 committed $108.3 million
Methods contracted at this auction: facilities, landfill and waste, vegetation
1 contracts fixed 9 Contracts Optional
10 projects contracted

Download the documentasset:12th Auction April 2021 - 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.

Emissions Reduction Fund contract portfolio
$108.3 million committed
499 projects under contract
66.0 million tonnes of delivered abatement
43 completed contracts
205 million tonnes of delivered abatement
Average price per tonnes of abatement across all auctions: $12.32

Download the documentasset:12th Auction April 2021 - 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.

Emissions Reduction Fund 12th auction Scheme performance infographic 
Emissions Reduction Fund scheme performance
105.3% on track against scheduled deliveries
32.2% of 205 million tonnes
66.0 million tonnes of delivered abatement
Table showing delivered abatement separated by method types.

Download the documentasset:12th Auction April 2021 - Scheme performance

Probity assessment of the 12th Emission Reduction Fund Auction

The Clean Energy Regulator engaged Protiviti Pty Ltd to assess and report on the probity of the 12th Emissions Reduction Fund Auction.

Resources for April 2021 Auction

These documents used for the April 2021 Auction.


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