Third Emissions Fund Reduction auction scheduled for April 2016

The Clean Energy Regulator will hold its third Emissions Reduction Fund auction for carbon abatement contracts on Wednesday 27 and Thursday 28 April 2016. Project registration is the first step towards participation in an auction.   Anyone who plans to bring a new project to the third auction must apply for project registration by midnight AEDT Wednesday 9 March 2016.   The April 2016 auction will follow the same format as the second auction, in a single-round, pay-as-bid auction.  The Clean Energy Regulator will purchase between 50 and 100 per cent of the abatement on offer below the benchmark price.   “We understand that many potential participants will consider Emissions Reduction Fund projects in the context of their annual businesses planning cycle. We have set the date of the next auction well in advance to allow plenty of time to plan, register and qualify for the auction,” said Chloe Munro, Chair of the Clean Energy Regulator.   “For the same reason, we can also confirm our intention to hold the fourth auction in the final quarter of the 2016 calendar year,” Ms Munro said. “This will allow participants who don’t expect to be ready to bid in the current financial year to plan ahead for the next auction.”     AEBN Comment   Details will be presented at the forthcoming AEBN New Environment Obligations and Funding for Business in 2016 Seminar scheduled on 26 February 2016 in Melbourne.   Register early as places are limited.