The Clean Energy Regulator has contracted 50,471,310 tonnes of abatement at an average price per tonne of abatement of $10.23 in the third Emissions Reduction Fund auction for a total value of $516,177,598.
The third Emissions Reduction Fund auction saw 73 Carbon Abatement Contracts awarded to 33 participants for 73 projects.
After three auctions a total of 309 carbon abatement contracts have been awarded to deliver 143,255,460 tonnes of abatement. The Clean Energy Regulator has committed a total of $1.7 billion from the $2.55 billion allocated to the fund.
A summary of the Emissions Reduction Fund auction results is available on the auction results page.
For more information about how to participate in the Emissions Reduction Fund visit the Clean Energy Regulator website.