Amy Quinton

Amy Quinton

The second Emissions Reduction Fund (ERF) auction is approaching - if you're preparing an ERF project, be sure to note the following dates in your diaries:

 

auction

Clean Energy Regulator Chair, Chloe Munro, has announced that the third ERF Auction will be held on 27-28 April 2016. The announcement comes one month after the second  ERF Auction, where 45.5 million tonnes of abatement was contracted at an average price of $12.25. Over the first two auctions, the Government has contracted to purchase nearly 93 million tonnes at a combined average price of $13.10.

Considering adjusting your emissions baseline under the safeguard mechanism to cover increased emissions and avoid unnecessary offset costs? This article highlights key dates for applications and audit reports under the safeguard mechanism for facilities applying the calculated baseline approach to determine their baseline emissions number. For detailed information about the safeguard mechanism, including who is covered and how baseline emissions numbers are measured, see our recent blog:  Safeguard Mechanism - What you need to know

 

Clean Energy Regulator Chair, Chloe Munro, has announced that the third ERF Auction will be held on 27-28 April 2016. The announcement comes one month after the second  ERF Auction, where 45.5 million tonnes of abatement was contracted at an average price of $12.25. Over the first two auctions, the Government has contracted to purchase nearly 93 million tonnes at a combined average price of $13.10. 

With the third auction date now locked in, we expect existing and potential participants will be busy finalising project plans and getting organised to register and qualify for the auction in the new year. For existing projects, getting ready for auction three may include engaging  a registered greenhouse gas and energy auditor.

The second Emissions Reduction Fund (ERF) auction is approaching - if you're preparing an ERF project, be sure to note the following dates in your diaries:

  • The auction guidelines will be published this Friday 21 August 2015.
  • Applications for new projects that wish to enter the auction need to be submitted in full by 18 September 2015 (note that there can be some back and forth with the Regulator, so try to get your application in as early as possible - incomplete submissions will not qualify).
  • The second ERF auction for carbon abatement contracts will be on Wednesday 4 November and Thursday 5 November 2015.
BCorp Certified White