The ERF is the centrepiece of the Federal Government’s Direct Action Plan for responding to the impacts of climate change.
Currently $2.55 billion has been allocated to establish the Fund, to be used to purchase Australian Carbon Credit Units (ACCUs) from project proponents who enter contracts with the Government via the reverse auction process.
The first auction, held on April 15 and 16 this year, saw $660 million of the Fund awarded to 144 projects, for over 47 million tonnes of abatement at an average price of $13.95 per tonne of abatement.
Your guide to key ERF Methods
Read our summary view of ERF Methods, descriptions, examples, eligibility requirements and the Energetics’ experts who can assist.
The summary covers the following Methods:
- Industrial electricity and fuel efficiency
- Coal mine waste gas
- Oil and gas
- Commercial building energy efficiency-
- Commercial and public lighting
- Land and sea transport
- Wastewater treatment
- Aggregated small energy users
Energetics has been closely involved in the development of a number of key Methods
We can advise your business and assist in the development of an accurate, compliant project for registration and participation in the second auction.
Contact one of our experts to discuss potential projects and the steps needed to prepare them for the auction.