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Participating in an auction

18 September 2020

$5000 advance to support soil sampling costs

Project proponents with a project under the Soil Carbon Sequestration in Agricultural Systems Methodology Determination 2018 method may be eligible to apply for an advance payment of up to $5000 to assist with the costs of soil sampling.

Project proponents may be able to access the advance payment by linking to an existing Carbon Abatement Contract (provided the baseline soil sampling has not yet been done) or by seeking a new contract.

See more information on the advance to support soil method sampling.


There are two types of contracting options available under the Emissions Reductions Fund. The Fixed Delivery contract and the Optional Delivery contract.

Before deciding whether to participate in an Emissions Reduction Fund auction, you should read and understand the documentasset:Guidelines for the Eleventh Emissions Reduction Fund auction, which cover both types of contracts.

You should also familiarise yourself and understand the Code of Common Terms for the two carbon abatement contract types:

You may wish to seek legal or other advice to determine whether you wish to participate in an auction and which contract type best suits your needs. It is important to do this in advance of the auction as you will automatically enter into a carbon abatement contract with the Clean Energy Regulator on behalf of the Commonwealth of Australia if you supply a bid and it is accepted.

Once you have decided to participate in an auction there are four key steps:

  1. registering an emissions reduction fund project
  2. auction qualification
  3. auction registration, and
  4. bidding.

Eleventh Emissions Reduction Fund auction – bidding now closed

The Clean Energy Regulator held the Eleventh Emissions Reduction Fund auction on Wednesday 9 September 2020 and Thursday 10 September 2020.

The documentasset:Guidelines for the Eleventh Emissions Reduction Fund auction contain information on how the auction was conducted.

Timeline for the Eleventh auction

Key eventsTimelineDate
Project registration application deadline 30 business days before the auctionTuesday, 28 July 2020 (midnight AEST)
Auction qualification application deadline * 25 business days before the auctionTuesday 4 August 2020 (midnight AEST)
Auction registration application deadline Five business days before the auctionTuesday 1 September 2020 (midnight AEST)
Closing time for declaration of eligible projectsFive business days before the auctionTuesday 1 September 2020 (midnight AEST)
Auction window-9 September 2020 (9am AEST)
to
10 September 2020 (5pm AEST)
Results released, authorised bidder notified and average price per tonne of abatement published-As soon as possible following auction close

* New applicants to the scheme who are party to a trust or company may be subject to third party assessment and should submit their auction qualification prior to the deadline to maximise the time available if further information is required.


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