Carbon Markets

MARKET WRAP: The State of the Australian Carbon Market – April Review 2023

Prices for both HIR and Generic ACCUs fell slightly through April, yet both products remained well supported despite liquidity falling off significantly in the second half of the month. Following the passage of the new Safeguard Mechanism reform, the first two weeks of April saw good liquidity, and volumes in the 500-600 thousand unit range (now a typical volume for active weeks in the ACCU market), with the market then entering a holding pattern as counterparties await the progressive entry of large compliance buyers. Notably, the Generic-HIR spread continued to tighten over April, potentialy flagging the expanding nature of the Generic basket, and a shift toward more stripped product offerings for compliance buyers.

The State of the Australian Carbon Market provides a monthly snapshot of activity in the Australian carbon offset and compliance market, reviewing key events, pricing and traded volumes for spot and forward contracts, along with our short-to-medium term outlook for the Australian market dynamics. Analysis also considers activity in the international voluntary carbon market, including voluntary cancellations and monthly pricing trends across key international registries and contracts.

If you have any questions on this report, or you would like to set up a briefing, please contact our Client Services team via email.

Kind Regards,
The RepuTex Team
Australian Energy Markets

Restricted Access

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

Tour our EnergyIQ platform

RepuTex research insights and market data is published via our EnergyIQ platform.

Click below to learn more about our services.

Sign up for regular insights

LATEST UPDATES

  • Carbon Markets

    MARKET MONTHLY: Spot and derivatives volumes fall to seasonal lows in June, market turns to options over H1

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

    Total traded volumes of over 2.1 million ACCUs were reported via our daily Survey Panel […]

    Research Insights | July 7th, 2025
  • Carbon Markets

    UPDATE: FY26 opens with a surge of activity on release of latest Carbon Market Outlook, bearish price forecast

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

    Total volumes across the Australian exchange-traded and over the counter (OTC) carbon markets surged to […]

    Research Insights | July 7th, 2025
  • Carbon Markets

    RECORDING: ACCU prices to remain under $100/t to 2035, landfill gas extension to materially flatten uplift

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

    In May, DCCEEW published a new draft landfill gas method outlining updated rules for crediting […]

    Research Insights, Webinars | July 1st, 2025
  • Carbon Markets Outlook

    OUTLOOK: Australian carbon price, supply & demand outlook (ACCUs/SMCs) June 2025

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

    Our latest Carbon Market Outlook (CMO) for the Australian carbon market has now been published. […]

    Market Outlooks, Research Insights | June 30th, 2025
  • Carbon Markets

    UPDATE: ACCU prices remain tightly rangebound, Default Prescribed Unit Price set for FY25 compliance costs

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

    ACCU spot prices remained tightly rangebound last week, with our Generic ACCU (Market Close) assessment […]

    Research Insights | June 30th, 2025
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone