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…

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