The Australian carbon market has experienced a major bull run over the course of calendar year 2021 (CY21), with prices for Australian Carbon Credit Units (ACCUs) growing over 180% to $47/t, underpinned by a surge in voluntary pledges from high emitting companies and a growing investor push to net zero emissions.
Increasing voluntary demand has led to a significant uptick in direct offtake contracting with project developers (quantities of 100,000-2,000,000 ACCUs for spot and forward delivery) as larger buyers head straight to the source rather than navigate the opaque and illiquid OTC market. This influx of demand has created a
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