After a choppy reaction on the release of Australia’s updated NDC the week prior, ACCU prices again flip-flopped last week, rising on bursts of buying before retreating on relatively lighter liquidity late week. With the 2035 target now in the rear-view mirror, market attention now shifts toward 2024-2025 compliance positioning ahead of the approaching NGERs reporting deadline, and expected higher seasonal prices.
RepuTex’s Carbon Weekly report breaks down activity in the Australian exchange-traded and OTC carbon markets (spot and derivatives) over the past week, including key trends and drivers, our latest pricing and benchmarks, and our daily forward curves.
