In Short:
- The spot price of Australian Carbon Credit Units (ACCUs) grew 0.8% to $18.60/t over the past week, a new record high, with prices up 12.8% year to date.
- Forward contracting (over 1-10 years) has surged, with forward prices now well beyond current spot prices amid an uptick in off-market contracting. The high forward price environment reflects forecast price increases over the term of contracts, thin supply, and higher bids from corporate buyers, with elevated contract prices still representing value relative to more ambitious net-zero forward curves.
- ACCUs continue to make up a small proportion of
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