Australian carbon spot prices have continued to surge, reaching a new record high of $26/t on Thursday, a 6% gain on the week. RepuTex’s ACCU spot price assessment has now grown 57% year-to-date, with recent activity driven by larger compliance buyers continuing to accumulate ACCUs to surrender against their multi-year baselines. Increased compliance demand ahead of the Feb-22 deadline to surrender ACCUs under the safeguard mechanism, amid a tight supply setting, continues to create a bullish environment for spot prices and forward contracting.
In particular, forward activity for delivery in Feb-22 (CAL 21) and Feb-23 (CAL 22) has picked up over the past fortnight, with
