The Australian Government supports new greenhouse gas reduction and energy efficiency projects through the Emission Reduction Fund (ERF). As well as providing an income, an approved ERF project creates carbon credits (ACCUs).
How the ERF scheme works
There is $2.55 billion in Government funding available for approved projects through the Emissions Reduction Fund scheme. ERF focuses on 3 elements:
- Crediting emissions reductions.
- Purchasing emissions reductions through a reverse auction.
- Safeguarding emissions reductions.
How Pangolin can assist with ERF projects
We assist with new project applications, as well as ERF requirements once approved.
- We help prepare new project auction bid submissions. Usually this involves a comprehensive Energy Audit and / or Greenhouse Gas Assessment (carbon footprint).
- Pangolin auditors prepare annual measurement and verification (M & V) analysis to calculate savings and emissions reductions. This is necessary to ensure you meet ERF obligations.
- We provide mandatory audit services, often part of an ERF contractual agreement, or as specified by the Clean Energy Regulator, the entity overseeing administrative ERF tasks. NGER registered auditors must conduct mandatory audits.
- We also assist with the ERF’s Safeguard Mechanism for organisations emitting more than 100,000 tonnes per annum.
Carbon Farming Initiative (CFI) services under the ERF
The ERF now incorporates abatement projects such as the Carbon Farming Initiative (CFI). Pangolin works with landowners and project owners across Australia supplying auditing and assurance services for CFI abatement certification.
Additional ERF projects
Along with existing Carbon Farming Initiatives, ERF approved projects include:
- Commercial buildings,
- Alternative waste treatment,
- Landfill gas,
- Transport (land, sea and aviation),
- Coal mine waste gas,
- Avoided clearing of native regrowth.
Emissions Reduction Fund process summary
- Register your new project with the Clean Energy Regulator’
- Provide an emissions abatement estimate for the coming 7 years’
- Register for an ERF auction.
For successful bids:
- Proceed with your ERF approved project and report as required,
- Provide carbon abatement as per the agreed timeline.
Your organisation will receive reimbursement from the Clean Energy Regulator.
Key Emissions Reduction Fund cut off dates:
- 25 October 2017
Project registration closes. To apply, go to the Clean Energy Regulator Client Portal.
- 8 November 2017
Auction qualification closes. As above, to apply, go to the CER Client Portal.
- 29 November 2017 (midnight AEDT)
Auction registration closes. As above, to apply go to the CER Client Portal.
- 29 November 2017 (5pm AEDT)
Closing time for declaration of eligible projects.
- 9am 6 December 2017 to 5pm 7 December 2017
Auction days. Submit your bid.
- 14 December 2017
Auction results are released and average price per tonne of abatement published.
Find information on forms and resources (Clean Energy Regulator)
Forms and resource information is available on the Clean Energy Regulator’s website. Find information on applications, auctions and contracts, reporting and auditing, and more.