Carbon Markets

ALERT: ACCU spot price hits $23/t, new record high

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

The spot price for Australian carbon credit units (ACCUs) continues to break new ground, reaching $23/t on Thursday (via Jarden), a new record high, as the market continues to be buoyed by demand from large corporate emitters. RepuTex’s ACCU spot price assessment, which compiles aggregate transaction data from market participants, has now grown 39% calendar year-to-date.

The Australian carbon market has witnessed rapid growth in recent months, with higher prices driving the issuance of a record 16.5 million new carbon offsets in FY21, and a wave of new carbon project registrations. 203 projects were registered in FY21, a 227% increase on the year. 993 carbon projects have now been registered under the government’s Emissions Reduction Fund (ERF) framework, with total ACCU issuance just shy of 100 million units (98.9m).

Total demand reached 25,041,178 in FY21, a 20% increase on FY20, with voluntary cancellations growing 9.56 million, a 45% increase from FY20. Two-thirds (65%) of all demand was in the form of ACCUs with the balance in the form of international Certified Emissions Reductions (CERs) (35%).

To download our State of the Australian Carbon Market 2021 report, click here.

Kind Regards
The RepuTex Team
Australian Energy Markets

LATEST UPDATES

  • Carbon Markets

    ALERT: Australian CO2 spot price and forward activity continues to surge

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    Australian carbon spot prices have continued to surge, reaching a new record high of $26/t […]

    Research Insights | September 17th, 2021
  • Carbon Markets

    RepuTex strengthens international offset coverage via partnership with Clear Blue Markets

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    RepuTex is pleased to announce a strategic partnership with ClearBlue Markets to offer broader coverage […]

    Research Insights | September 15th, 2021
  • Carbon Markets

    ALERT: Australian Carbon Credit Unit price ends the week on a (new record) high

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    After a quiet fortnight, the price of Australian Carbon Credit Units (ACCUs) ended the week […]

    Research Insights | September 10th, 2021
  • Carbon Markets

    MARKET UPDATE: Australian Carbon Offset Market Report: August 30 – September 10, 2021

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    Dear Subscriber, Our latest Australian Carbon Offset Market Update has now been published. Recent positive […]

    Research Insights | September 10th, 2021
  • Carbon Markets

    How could Safeguard Mechanism Credits impact Australian Carbon Credit Unit prices?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The Federal Government’s Safeguard Crediting Mechanism proposes to establish a pilot ‘below-baseline crediting mechanism’ for […]

    Research Insights | September 7th, 2021
  • Download this free report

    To start your free download, simply fill in the below form. You will also receive our future updates, event invitations, and research insights by email.
    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone