The Conversation

Explainer: how does today's Direct Action reverse auction work?

Author: The Conversation

It's (reverse) auction time for the government's emissions-reduction plans.Africa Studio/Shutterstock.com

The Emission Reduction Fund (ERF) reverse auction, the first round of which runs today and tomorrow, is no different to a tender process used by the government to procure other types of goods and services.

The process calls for confidential...

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