Australia’s leading provider of carbon market research, RepuTex Energy, has today become the first firm to meet compliance under the International Organization of Securities Commission’s Principles for Price Reporting Agencies (“IOSCO PRA Principles”) for an Australian Carbon Credit Units (ACCUs) price benchmark.
RepuTex launched its ACCU price assessments six years ago, in January 2018, capturing a broad base of traded information directly from buy-side and sell-side market participants, in addition to heard activity from intermediaries and electronic platforms.
RepuTex’s assessment has become the most widely adopted benchmark for the value of ACCUs sold under spot and forward contracts in Australia, with an estimated market value of over $800 million in 2023, a five-fold increase from 2022, behind increasing demand for the contracting of supply under the reformed Safeguard Mechanism.
The IOSCO PRA Principles – Enhancing the integrity and reliability of commodity price reporting
IOSCO is the international body of securities regulators and is the standard setter for the global securities sector. Its membership regulates 95% of the world’s securities markets in more than 130 jurisdictions, including Australia.
The IOSCO PRA Principles enhance the integrity and reliability of commodity price reporting by establishing best practice guidelines for governance, control, quality, integrity,
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