Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and international carbon markets for the week 25 – 29 September, 2023.
RepuTex’s Carbon Weekly report analyses recent activity in the Australian and international voluntary carbon markets, including our ACCU spot price assessment by method, spreads, forward activity, traded volumes, and key market developments. Analysis considers the Australian market along with international registries including Verra, Gold Standard, the American Carbon Registry, and the Climate Action Reserve.
Lack of buying interest during the holiday week, Generic No-AD activity picking up
At 235,000 units traded, overall volume in the brokered Australian Carbon Credit Unit (ACCU) market hovered slightly above the four-month low of 200,000 recorded in mid May-23. These light volumes have persisted for the last 2 weeks, aligning with school holidays in Australia and the Mid-Autumn festival in key Asian markets.
Generic ACCUs (low-cost emissions avoidance projects) saw the majority of their weekly brokered volume traded on Monday (125,000 out of a total 135,000 units) with prices marginally increasing to $30.85/t-$31/t before slipping on Tuesday to $30.5/t in only 10,000 units.
Broker two ways saw Bids and Offers for Generics at $30.25/t – $31.5/t respectively on Monday
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