Top tips for participating in the fourth Emissions Reduction Fund auction
If you are planning on participating in the fourth Emissions Reduction Fund auction below are our top five tips to make sure you are ready.
Get your project registration application in early!
Make sure you submit a complete application, ensure that you have understood all the requirements of participating in the Emissions Reduction Fund and provided all the relevant information. Find out more at Step 1 – apply. Applications close midnight 4 October 2016 (AEDT).
Know what you are signing up to.
As part of auction qualification you will need to accept the terms and conditions of the carbon abatement contract, so you will need to familiarise yourself with the code of common terms and commercial terms. Your auction qualification application is due by midnight 19 October 2016 (AEDT).
Consider what you will be able to deliver under contract.
Consider your delivery terms of your contract which includes the total quantity of Australian carbon credit units (ACCUs) which could be delivered under the contract. You will need to submit this information as part of auction registration which closes midnight 9 November 2016 (AEDT).
Time your delivery realistically.
As part of auction registration you will need to tell us when you will deliver ACCUs under your contract. This is known as the delivery period. Take into consideration when you will be able to start delivering abatement and how long it will take to be credited with ACCUs. Find out more at Step 3 – reporting and auditing.
Consider your business model and bidding strategy.
On 16-17 November you will need to bid a price per tonne of abatement through AusTender. Make sure you have undertaken a thorough assessment of your business model and created a strategy ahead of this date.
Need more info?
For more information about participating in the fourth Emissions Reduction Fund auction, read the auction guidelines.