Participating in an auction

Up to $5000 advance to support Soil Method baseline sampling costs for soil carbon projects

An advance payment worth up to $5,000 is available through a pilot program for eligible Emissions Reduction Fund (ERF) projects to help with upfront costs of soil sampling.

Key Features

Advance payment for Australian carbon credit units (ACCUs) to assist with meeting the costs of required baseline soil sampling.
ACCUs, subject to the advance payment, must be provided within five (5) years.
One advance payment per eligible project.
Available to projects under the Carbon Credits (Carbon Farming Initiative – Measurement of Soil Carbon Sequestration in Agricultural Systems) Methodology Determination 2018 and the Carbon Credits (Carbon Farming Initiative - Estimation of Soil Organic Carbon Sequestration using Measurement and Models) Methodology Determination 2021.
For new baseline soil sampling only.
Data from soil sampling will need to be provided to the Commonwealth to help inform method development.
Project must be connected to a relevant Commonwealth contract.
Contract holder will receive the payment

where the landholder is not the contract holder arrangements will need to be agreed between these parties.

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

Emissions Reduction Fund Auction 14 announced

The Clean Energy Regulator will hold the Emission Reduction Fund Auction 14 on Tuesday 5 and Wednesday 6 April 2022.

The documentasset:Guidelines for Auction 14 provide information on how it will be conducted.

Timeline for the Auction 14

Key events	Timeline	Date*
Project registration application deadline	34 business days prior to the auction	Tuesday 15 February 2022 (11:59pm)*
Auction qualification application deadline	23 business days prior to the auction	Wednesday 2 March 2022 (11:59pm)**
Auction registration application deadline	Five business days prior to the auction	Tuesday 29 March 2022 (11:59pm)*
Closing time for declaration of eligible projects	Five business days prior to the auction	Tuesday 29 March 2022 (11:59pm)*
Auction window	2 days	Tuesday 5 April (12:01am)* to Wednesday 6 April 2022 (500pm)*
Results released, authorised bidder notified and average price per tonne of abatement published	-	As soon as possible following auction close

* All times are given as local time in the Australian Capital Territory. Please note that as of the 3rd of April, Daylight Savings will end and the Regulator will be working on AEST.

** 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.

Contract types

At Auction 14 only Optional Delivery contracts will be available. Existing Fixed Delivery contracts will remain in force.

Before deciding whether to participate in an Emissions Reduction Fund auction, you should read and understand the Guidelines for ERF Auction 14 (to be released in early 2022).

You should also familiarise yourself and understand the documentasset:Code of Common Terms version 1 – Optional Delivery contract.

You may wish to seek legal or other advice to determine whether you wish to participate in an auction. 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: