Carbon Markets

MARKET UPDATE: Australian Carbon Offset Market Report: August 30 – September 10, 2021

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Dear Subscriber,

Our latest Australian Carbon Offset Market Update has now been published.

Recent positive momentum has slowed in the local ACCU market, with the ACCU spot price remaining flat over the period, yet still in line with record high levels. The ACCU spot price is now up 40% calendar year-to-date, with strong gains in July and August primarily driven by increased compliance buying. One forward transaction was recorded over the period (HVB), with nine recorded since Apr-21. Total ACCU issuance has now exceeded 100 million, a new milestone for the local market, which albeit remains within a tight supply setting. Internationally, bullish sentiment ahead of more stringent CORSIA rules has continued supporting the voluntary market, pushing prices further upward for most categories, most notably CBL’s GEO contract.

This report provides a snapshot of current activity in the Australian and international voluntary carbon markets, including spot and forward price dynamics, offset issuance and voluntary cancellations. Analysis considers Australian Carbon Credit Units (ACCUs) and voluntary offsets across key international registries including Verra, Gold Standard, the American Carbon Registry, and the Climate Action Reserve.

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