Over 2.6 million ACCUs were traded across the spot and forward markets in April, reflecting reported volumes available to the market as a whole (excluding confidential submissions to our survey panel). Just over 2 million ACCUs were traded in the spot market – marking the fourth time volumes have surpassed 2 million. Whilst spot volumes declined 7.3% month-on-month (MoM), April volumes were 63% higher than 2023 levels, indicating strong market growth over the last 12 months. This is also reflected via improving liquidity, and the increasing availability of two-way markets. Notably, forwards and options activity continues to build, with April volumes reaching a 15-month high, the majority of activity remaining short-dated.
The State of the Australian Carbon Market provides a snapshot of monthly activity in the Australian carbon market, including key events, pricing and traded volumes for spot, forward and options contracts, along with net market balance.
This report is published under our Australian Carbon Intelligence service. Click below to access the report, or click here to take a tour of our EnergyIQ platform.
