After years of 'direct action' rhetoric the first reverse auction (which is really just a fancy name for this particular tender process) was completed on April 15-16. The first Emissions Reduction Fund (ERF) auction resulted in a Government commitment to purchase a total of 47 million tonnes of carbon for $660 million, which equates to an average price of just under $14/t.This benchmark value will be of great interest to Australian tree growers who many now be considering whether to regist [...]
