National Carbon Bank of Australia

Emission Reductions Fund

In October 2015 NCBA obtained a declaration from the Clean Energy Regulator (CER) for our National Lighting Upgrades project under the ERF. This makes us the project proponent and we are able to create Australian Carbon Credit Units (ACCU’s) for lighting upgrades anywhere in Australia.

The second ERF reverse auction took place in November 2015. The contracts were again predominantly agricultural and land sector CO2 abatement.

At the price offered by the Clean Energy Regulator (CER) it is still generally unviable for energy efficiency proponents to enter into a contract with the CER to sell abatement.

The third auction has been announced to occur in April 2016 and the price of abatement may rise in that auction. In addition, the secondary market for carbon abatement appears to be growing which may provide an avenue to sell ACCU’s created through energy efficiency projects for a viable price in the future.

For these reasons NCBA is continuing to develop projects under our National Lighting Upgrades project for projects occurring outside of NSW or Victoria.

If you have lighting upgrades under development outside of NSW and VIC please get in touch to discuss how you can obtain the value of ACCU’s for them.