Emission Reduction Fund (ERF) scheme is one of the several (others are VEU, ESS, and REES) carbon reduction and credit scheme. Unlike the other state-specific carbon credit schemes, carbon credits under the ERF program can be generated by running energy-efficiency activities in Queensland and other states.
The ERF program was enacted by the federal government of Australia as the Carbon Credits (Carbon Farming Initiative) Act in 2011. It is governed and regulated by the Clean Energy Regulator (CER).