Auction-Based Emissions Reduction

Another strong ERF auction

Introduction This document establishes the guidelines for Emissions Reduction Fund (ERF) Auction 15, held on 29 - 30 March 2023.

Emissions Reduction Fund

Emissions reduction purchases will be in the form of Australian carbon credit units (ACCUs). The Clean Energy Regulator will make these purchases through a Carbon Abatement Contract (contract) at a price determined through a pay-as-bid reverse auction .

Carbon trading markets play a vital role in reducing emissions , with the initial allocation of carbon allowances being a key issue. As many emerging markets shift from free allocation to auction mechanism, this study develops a carbon allowance decision optimization model based on multi-agent simulation under two commonly used ...