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$13.95/tonne average paid by first ERF auction

24 April 2015

Successful bidders in the first ERF auction last week were awarded contracts with an average price of $13.95/tonne of abatement.

Forty-three organisations won contracts for a total of 144 projects across a range of methodologies including carbon farming, landfill gas and alternative waste treatment methods. The projects will deliver more than 47 million tonnes of abatement over the next ten years.

Nearly a quarter of the $2.55 billion allocated to the ERF was awarded in the first auction: $660m.

If you are interested in participating in the next ERF auction, Out Performers’ ERF Aggregated ERF Facility may be able to help. See our website for more information.

For more information on the ERF auction results, see the Clean Energy Regulator website.