Support established since late February broke on Friday as selling pressure intensified, lifting spot volumes to a weekly high and pushing prices to four-week lows. While prices declined week-on-week, volume-weighted average prices for the 2025 compliance year – concluding tomorrow – lifted, with focus now shifting to key policy and structural anchors that may reshape market liquidity. In this update, we look back at the 2025 compliance year and outline what lies ahead for 2026 – including the possible interaction between the Iran conflict and the 2026-27 policy review.
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.
Well-offered market sees prices fall to 4-week lows on late sell down
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets fell to 400k (-73k WoW) last week, below the compliance YTD average (720k) and the March 2025 weekly average (1M).
Weekly spot market volumes fell to 350k (-22k WoW) – led by Generic No-Avoided Deforestation ACCUs (83%), followed by Generic ACCUs (9%), Safeguard Mechanism Credits (SMCs) (6%), with
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