Carbon Markets

Australian carbon offset price climbs past $17/t, a 12-month high: Here’s why

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

The price of Australian carbon offsets broke through $17 a tonne on Wednesday, reaching a 12-month high, spurred by increased trading activity by high emitting companies looking to voluntarily offset their greenhouse gas emissions.

RepuTex’s Australian Carbon Credit Unit (ACCU) benchmark price index climbed 3% on the day, closing at $17.15/t, an increase of 8.5% from low of $15.80 recorded in June . Having passed the key $17/t resistance barrier, where to next for offset prices?

In this article, we review the key factors impacting our ACCU offset price expectations for FY21, and longer-term dynamics to 2030.

Restricted Access

This is a subscriber report. Please login to access this content.

Become a Carbon Insider today

Unlock our latest analysis, briefings and price information with our new Carbon Insider service.

Click below to see our plans.

Sign up for regular insights

LATEST UPDATES

  • Carbon Markets

    How do international policy developments impact the Australian carbon market?

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

    While Australia’s climate policy malaise continues, international climate activity continues to build, with the EU […]

    Research Insights | July 23rd, 2021
  • Carbon Markets

    ALERT: Australian CO2 spot price hits $21.50, forward activity picks up

    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 […]

    Research Insights | July 21st, 2021
  • Carbon Markets

    13th ERF Auction date announced, but expectations remain muted

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

    The Clean Energy Regulator has announced that the 13th Emissions Reduction Fund (ERF) Auction will […]

    Research Insights | July 19th, 2021
  • Carbon Markets

    PRICE REPORT: Australian Carbon Offset Market Report: July 5 – 16, 2021

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

    Dear Subscriber, Our latest Australian Carbon Offset Market Report has now been published. The Australian […]

    Research Insights | July 19th, 2021
  • Carbon Markets

    RECORDING: Could the Australian carbon offset price eventually “do a Europe”?

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

    One of the key drivers of record EUA prices is the increasing role of investors, […]

    Research Insights, Webinars | July 13th, 2021
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone