The amount and value of carbon abatement delivered through Emissions Reduction Fund contracts fell significantly in FY18, according to new data, and industry sources say it will fall again this year.
A sweeping new review of the Emissions Reduction Fund will examine all aspects of the scheme, including the role of the behind-the-scenes secondary market for carbon credits.
Three companies have secured 15 of the 47 contracts awarded in the latest ERF auction, with one contracting to supply more than 40% of the total amount purchased.