Our State of the Australian Carbon Market report for September 2024 has now been published, reviewing activity in the Australian carbon market over the last month.
September marked a milestone for the Australian Carbon Credit Unit (ACCU) market, with total traded volumes growing to a new record high, led by increasing compliance demand. Both spot and derivatives markets saw substantial growth, with derivatives trading (forwards and options) surging to a new record high, exceeding 1 million units for just the third time. In aggregate, our analysis indicates that year-to-date volumes are now +27% on the same period last year, and should surpass 2023 total traded levels within the next week. Spot prices showed volatility, with our Generic ACCUs (Benchmark) price assessment reaching a year-to-date high, while our HIR ACCU price assessment fell just shy of its earlier peak. Meanwhile, updated registry data highlighted a surge in project registrations and issuance, however, sporadic issuance continues to stifle primary supply.
RepuTex’s monthly State of the Australian Carbon Market provides a detailed review of activity in the spot and forward ACCU markets, including pricing and traded volumes for spot, forward and options contracts, along with market depth and net market balance.
To access this report, login to our EnergyIQ platform.
