The Australian carbon spot price ended the 2020 calendar year down 4.5 per cent year-on-year, reaching $16.53/t on December 31, down from $17.28/t on January 1 2020. The price of Australian Carbon Credit Units (ACCUs) is currently $16.55/t.
Since climbing back above $16/t in early September, the trading range for ACCUs has narrowed in recent months, closing to $16.50-$16.55/t since early November on the back of low traded volumes and thin demand over the holiday period.
Over the year ahead, the prospect of a more ambitious long-term emissions target could lead to a more bullish outlook for ACCU prices, underpinned
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