As noted in section 3.8, in Australia, the 11th Emissions Reduction Fund auction was held in September 2020, and saw the Clean Energy Regulator committing to purchase 7 million tonnes of abatement on behalf of the Commonwealth. The average price per tonne of abatement purchased at the auction was AU$15.74 (US$12), slightly lower than Auction 10 (AU$16.14 / US$12.28).
The first auction was held in April 2015 and saw the the Clean Energy Regulator committed to purchase 47,333,140 tonnes of abatement on behalf of the Commonwealth, with an average price per tonne of abatement of $13.95.
Visit the links below for all auction results:
- Auction results: September 2020
- Auction results: March 2020
- Auction results: July 2019
- Auction results: December 2018
- Auction results: June 2018
- Auction results: December 2017
- Auction results: April 2017
- Auction results: November 2016
- Auction results: April 2016
- Auction results: November 2015
- Auction results: April 2015
In the most recent Quarterly Carbon Market Report, for September 2020, it is reported that 2.5 million ACCUs were issued in Quarter 3, 2020, bringing 2020 supply to 10.9 million. An additional 2.9 million ACCUs were issued in October 2020, with supply on track for an estimated 16 million ACCUs in 2020.
Source: CER Quarterly Carbon Market Report, Sept 2020
Explore the full Workshop Manual: The business case for carbon farming: improving your farm’s sustainability (January 2021)
Read the report
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1. Introduction: background to the business case
This chapter lays out the basic background and groundwork of the manual
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1.2 Being clear about the reasons for participating
Introduction: background to the business case
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1.4 Working through the business case for carbon farming
Introduction: background to the business case
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1.5 Factors determining project economics
Introduction: background to the business case
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1.8 Important features of the business case
Introduction: background to the business case
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2. How carbon is farmed under the ERF
This chapter considers in detail the activities that constitute carbon farming
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2.5 Carbon farming under the Emissions Reduction Fund
How carbon is farmed under the ERF
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3. The policy context and the price of ACCUs
This chapter takes a broad look at the policy context for carbon farming
