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.
Market sentiment –
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