Prices have risen in the Australian Carbon Credit Unit (ACCU) market on the back of the successful passage of the Safeguard Mechanism (Crediting) Amendment Bill last week, with traded volumes jumping as the market re-awakened after a slow fortnight leading up the final vote. The majority of the gains in value (and traded volumes) were seen in the Generic basket, with initial uncertainty seeing the Generic-HIR spread tighten over the week. The uptick in market action comes as further details on the shape of the final regulatory rules have begun to emerge, including the EBIT test for manufacturing facilities to claim trade exposed baseline adjusted (TEBA) status, and the ongoing role of the ERF exit window (fixed delivery exit arrangement).
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.
