Our latest Australian Carbon Offset Market Report has now been published.
The Australian carbon spot price continues to break new ground on an almost weekly basis, with our Australian Carbon Credit Unit (ACCU) spot price assessment growing 5.5% to $21.10/t over the past fortnight. The spot price has now grown 28% year-to-date, from $16.52/t on 1 Jan-21. ACCU issuance increased 63% from our last update, with around two-thirds of supply issued to Savanah Burning projects in the NT, QLD, and WA. In line with recent updates, voluntary cancellations continue to surge, with Q2 reaching a record 4.9m voluntary cancellations in Australia, an 82% increase from Q2 2020. Internationally, CORSIA-eligible offset prices continue their recent run, carrying over into demand for lower-priced offsets across other project categories.
The Australian Carbon Offset Market Report provides a snapshot of carbon spot and forward price dynamics, along with ACCU supply and voluntary activity in the Australian carbon market. Analysis considers Australian and international voluntary offset units, including Australian Carbon Credit Units (ACCUs), Gold Standard (VERs), Verra (VCS), and Certified Emissions Reductions (CERs).
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