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CER announces seventh Emissions Reduction Fund auction

The Clean Energy Regulator will hold a seventh Emissions Reduction Fund auction on Wednesday 6 and Thursday 7 June 2018.

The seventh auction guidelines on the Clean Energy Regulator’s website provides more information on the upcoming auction. The Clean Energy Regulator will be purchasing between 25 and 100 per cent below the benchmark price.

This auction announcement comes after the release of the new soil carbon method, which enables projects increasing the inputs of carbon storage in soil to participate in the Emissions Reduction Fund.

There is more than $265 million still available in the Emissions Reduction Fund, and we expect future purchasing opportunities to occur after the seventh auction.

The Clean Energy Regulator is encouraging all participants to bid competitively, as results from previous auctions show there is a high profitability in lower price bids.

Participants can register a project at any time without having to seek a contract for their project’s emission reductions with the government.

For more information on eligibility to participate in the Emissions Reduction Fund, visit the Clean Energy Regulator’s website.

Source: Department of the Environment and Energy

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