Carbon Markets

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

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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

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