Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and international carbon markets for the period October 28 – November 1.
Last week saw Generic ACCU and HIR ACCU prices reach their highest levels since January 2023, with upward movement seeing prices clear previous resistance levels despite muted trading activity, particularly in the spot market. Despite muted activity, the passing of the NGERs – and Climate Active – reporting deadlines added to near-term demand, with our HIR (Project Specific) price assessment increasing behind elevated voluntary contracting. Last week also marked the deadline for trade exposed facilities to apply for TEBA declarations (discounted baseline decline rates, as low as 1-2% p.a.), with final determinations to come, bringing some entities to market.
RepuTex’s Carbon Weekly report analyses recent activity in the Australian and international voluntary carbon markets, including our ACCU spot price assessments, 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.
