The fifth Emissions Reduction Fund (ERF) auction will take place on April 5–6, with $440 million in remaining in the government’s initial funding tranche. Just 17 new projects have been registered since the last auction, down from 28 ahead of ERF IV, and well below the average project registration rate (90) ahead of auctions 1-3.
While the Clean Energy Regulator (Regulator) notes that the fifth ERF auction is expected to be “smaller and more representative of business as usual”, we believe that low levels of participation are reflective of negative market sentiment, with the low average price of ACCUs, and
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