The third Emissions Reduction Fund auction will be conducted by the independent Clean Energy Regulator on Wednesday 27 and Thursday 28 April 2016.
The Clean Energy Regulator has already held two enormously successful auctions, securing 92.8 million tonnes of emissions reduction at an average price of $13.12.
The average price of the first auction was $13.95 per tonne of emissions reduction. The average price of the second auction was $12.25 per tonne.
Interested farmers, landowners, businesses and community groups are encouraged to register under the Emissions Reduction Fund and participate in the third auction.
So far, over two-thirds of contracted emissions reductions have come from landscape management – avoided deforestation, reforestation, soil carbon and bushfire reduction.
I am confident that the third auction will build on the success of the first two auctions in helping to significantly reduce Australia’s emissions without a carbon tax and increased electricity prices.
We have one of the most effective systems in the world for reducing emissions and combating climate change.
Our approach has sparked interest from other nations and I have had the opportunity to talk about the success of Australia’s strong suite of emissions reduction policies here in Paris at climate change talks.
The third auction will build on the Government’s success to date in achieving Australia’s 2020 target and in working towards our 26-28 per cent 2030 target.
We will achieve our targets, but unlike Labor, we’ll do it without a job-destroying carbon tax that pushes up electricity prices for families and business.
Details about the auction are available from the Clean Energy Regulator’s website.
Further information on the Emissions Reduction Fund is available online: www.environment.gov.au/emissions-reduction-fund