New ERF auction in April
The fifth Emissions Reduction Fund auction will take place on 5–6 April presenting eligible companies with the opportunity to secure a carbon abatement contract.
The ERF is a voluntary scheme to provide incentives for organisations and individuals to adopt new practices and technologies to reduce their emissions. It is enacted through the Carbon Credits (Carbon Farming Initiative) Act 2011, the Carbon Credits (Carbon Farming Initiative) Regulations 2011 and the Carbon Credits (Carbon Farming Initiative) Rule 2015.
More than $440 million remains available in the fund for the current auction and future purchasing processes. With new methods coming on line later this year, there will be opportunities for participation from different parties.
Registration to participate in this ERF round closes at midnight on 29 March.
See the Clean Energy Regulator website for more information about the ERF and registration for this round.