Carbon Markets

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

Our State of the Australian Carbon Market report for November 2023 has now been published, reviewing activity in the Australian carbon market over the last month.

The Australian Carbon Credit Unit (ACCU) market heated up over November with broker traded volumes reaching a 10 month high behind an uptick in compliance buying, led by demand for Generic ACCUs ex Avoided Deforestation units. High volumes were well absorbed in the oversupplied market, with ACCU prices generally flat month on month and price action continuing to trade in tight ranges. Sellers continue to remain patient with profit targets $5-$10/t above current prices. In the voluntary market, total cancellations remained flat with ACCU cancellations continuing to make up a larger contribution. ACCU cancellations over the month were led by Chevron, which has fallen behind on carbon capture targets set for its for its Gorgon project, regulated by the Western Australian government.

The State of the Australian Carbon Market provides a snapshot of monthly activity in the Australian carbon market, reviewing key events, pricing and volumes for spot and forward contracts, along with our short-to-medium term market outlook.

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.

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