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

After a quiet fortnight, the price of Australian Carbon Credit Units (ACCUs) ended the week on a new record high, climbing 6% to $24.50/t on Friday behind a series of spot trades (via Jarden) and forward transactions.

The ACCU spot price has now surpassed the high point of $24.15/t under the former Carbon Price Mechanism (2013-14), which imposed a fixed price for carbon emissions produced in the 2012-13 and 2013-14 financial years, prior to its repeal by the Abbott Government with effect from 1 July 2014.

RepuTex’s ACCU spot price assessmenthas now grown 48% year-to-date, with strong recent gains