Carbon Markets

PRICE REPORT: Australian Carbon Offset Market Report: June 21-July 5, 2021

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

Dear Subscriber,

Our latest Australian Carbon Offset Market Report has now been published.

The Australian carbon market continues to charge ahead, with the ACCU spot price reaching $20/t, a gain of 5% over the fortnight, behind larger spot volumes. The new high is the first time the Australian carbon offset spot market has cleared $20/t, behind growth of 21% year-to-date in our ACCU spot price index, increasing from $16.52/t on 1 Jan-21. The last time any Australian carbon price was over $20/t was under the former Carbon Price Mechanism compliance market, which set a fixed price for carbon permits at $23/t in FY13, rising to $24.15/t in FY14 prior to the scheme’s repeal. Available supply remains thin outside of fixed delivery contracts under the ERF, with ACCU issuance falling 3% compared to the previous corresponding period. The total volume of offsets voluntarily cancelled in Australia grew by 5% since our last update, with cheaper international CERs continuing to make up the bulk of voluntary cancellations, primarily by companies under the Commonwealth Climate Active carbon neutral framework.

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).

Please login to EnergyIQ to view the full report.

Restricted Access

This is a subscriber report. Please login to access this content.

Become a Carbon Insider today

Unlock our latest analysis, briefings and price information with our new Carbon Insider service.

Click below to see our plans.

Sign up for regular insights

LATEST UPDATES

  • Carbon Markets

    How do international policy developments impact the Australian carbon market?

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

    While Australia’s climate policy malaise continues, international climate activity continues to build, with the EU […]

    Research Insights | July 23rd, 2021
  • Carbon Markets

    ALERT: Australian CO2 spot price hits $21.50, forward activity picks up

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

    The spot price for Australian carbon credit units (ACCUs) continues to break new ground, reaching […]

    Research Insights | July 21st, 2021
  • Carbon Markets

    13th ERF Auction date announced, but expectations remain muted

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

    The Clean Energy Regulator has announced that the 13th Emissions Reduction Fund (ERF) Auction will […]

    Research Insights | July 19th, 2021
  • Carbon Markets

    PRICE REPORT: Australian Carbon Offset Market Report: July 5 – 16, 2021

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

    Dear Subscriber, Our latest Australian Carbon Offset Market Report has now been published. The Australian […]

    Research Insights | July 19th, 2021
  • Carbon Markets

    RECORDING: Could the Australian carbon offset price eventually “do a Europe”?

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

    One of the key drivers of record EUA prices is the increasing role of investors, […]

    Research Insights, Webinars | July 13th, 2021
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone