The fifth Emissions Reduction Fund (ERF) auction was held on April 5–6, with 31 contracts entered into by the Clean Energy Regulator (Regulator) for the delivery of just 11 million Australian Carbon Credit Units (ACCUs) at an average price of $11.82. $133 million in funding was committed, with more than $300 million remaining in the government’s initial $2.55 billion funding tranche.
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