Carbon Markets

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

Our State of the Australian Carbon Market report for July 2023 has now been published, reviewing activity in the Australian and international VCM over the last month.

Pricing across key methodologies fell through the month, led by Generic ACCUs, attributed to stronger supply and building surplus issuance, amplified by EOFY activity. Strong spot contracting saw the most units transacted since January 2023, with buyers seeing value in Generic contracts including No Avoided Deforestation Generics. ACCU issuances returned to earth in July, with rolling volumes remaining well below 2023 levels. In the international VCM, July saw a jump in value as the vintages used to calculate pricing rolled over, favouring recent vintages, and increasing average pricing of several categories.

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 Emissions 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

    UPDATE: Generic and HIR prices rebound to mark recent highs, revised Environmental Plantings method released

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

    Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and […]

    Research Insights | June 17th, 2024
  • Carbon Markets

    UPDATE: Spot prices hold stable on subdued activity, Dutton maintains opposition to 2030 emissions target

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

    Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and […]

    Research Insights | June 11th, 2024
  • Carbon Markets

    MARKET WRAP: ACCU derivatives contracting surges to record high behind increasing forward activity

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

    Traded volumes across the Australian spot and forward markets reached a 15-month high of over […]

    Research Insights | June 6th, 2024
  • Carbon Markets

    UPDATE: Sporadic trading leads to 13-month high in daily HIR volumes, lifting prices back toward $34/t

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

    Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and […]

    Research Insights | June 3rd, 2024
  • Carbon Markets

    BRIEFING: Potential Impact of Landfill Gas Reform Options on ACCU Supply and Market Dynamics

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

    On 3 May 2024, the Department of Climate Change, Energy, the Environment and Water (DCCEEW) […]

    Research Insights | May 27th, 2024
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone