The Emissions Reduction Fund (ERF) held its first auction in April 2015. A total of $660 million worth of contracts for carbon credit delivery were awarded to registered emissions reduction projects by the Clean Energy Regulator (approximately 26 per cent of the current ERF budget). Projects were registered under ‘methodologies’ which set out eligibility requirements and abatement calculations. Two recent methodologies have now created the opportunity for meat processors to participate in upcoming ERF auctions.