Prices have continued to hold firm in the Australian Carbon Credit Unit (ACCU) markets as volumes dried up last week ahead of the return of the Safeguard Mechanism Crediting Bill to parliament this week. We see good momentum for the eventual passage of the Bill as key political parties move towards the middle, supporting an uptick in activity in preparation for larger corporate participants to enter the market over the medium-term. While local ACCU prices held firm, the international voluntary carbon market (VCM) saw prices fall in response to fears of further contagion in financial markets, and new concerns around the over crediting of Cookstove projects, a methodology that had previously held value.
This report analyses current activity in the Australian and international voluntary carbon markets, including spot and forward price dynamics, and prices by underlying project methodologies. Analysis considers Australian Carbon Credit Units (ACCUs) and voluntary offsets across key international registries including Verra, Gold Standard, the American Carbon Registry, and the Climate Action Reserve.
