UPDATE: ACCU prices close in on YTD highs as tenders hit the market; key takeaways on ACCU scheme amendments

ACCU prices continued to lift steadily last week, closing in on year-to-date (YTD) highs before easing, as early engagement from Safeguard entities continues to support the new compliance year market. Ahead of the Climate Active reporting deadline, further activity for Savanna Fire Management ACCUs with indigenous co-benefits (ICB) was reported to our Survey Panel, with premiums tightening on the recent uptick in trading. Across the renewable certificate market, Thursday marked a key milestone in the transition towards the Guarantee of Origin (GO) scheme, with the first GO certificates issued.

Thursday also saw DCCEEW release an Exposure Draft outlining amendments to reform the ACCU Scheme and the administration of NGERs reporting. In this update, we summarise the key reform takeaways for market participants, and our expectations.

RepuTex’s Carbon Weekly report breaks down activity in the Australian exchange-traded and OTC carbon markets (spot and derivatives), including recent trends, drivers, and our latest spot and forward pricing benchmarks.

ACCU prices close in on year-to-date highs on improved liquidity as tenders hit the market

Total traded volumesacross the Australian exchange-traded and over the counter (OTC) carbon markets rose to a seven-week high of 640k last week (+398k WoW), yet remained below the April