Second Emissions Reduction Fund auction secures 45 million tonnes of emissions reduction at $12.25 per tonne

The second Emissions Reduction Fund auction, conducted by the independent Clean Energy Regulator, has awarded contracts for 45.5 million tonnes of emissions reduction at an average price of $12.25 per tonne. The second auction has delivered an even lower average cost per tonne of abatement than the first auction, where 47 million tonnes of emissions…

Agreement on a major step forward to reduce HFC emissions in the lead-up to Paris

Australia has played a key role in achieving major progress towards the global phase-down of hydrofluorocarbons (HFCs). I am delighted that there has been a strong commitment to work towards an HFC phase-down agreement under the Montreal Protocol in 2016. This week’s international meeting in Dubai agreed that HFCs should be controlled and phased down.…