With the FY23/24 compliance period to close today, attention shifts to what lies ahead, with policy risk remaining a persistent weight on the market over 2025 – sending prices to a 10-month low last week as a date was set for the next federal election.
Should the Coalition form government, we expect prices to quickly test the floor until regulatory uncertainties become clearer – the topic of our latest Scenario Analysis report, released on Thursday – which we discuss in this update. We also discuss the release of the long-awaited IFLM draft method, which reaffirms challenges for grazing (within the regeneration module) and the complexity ahead.
In this Carbon Weekly report, we break down activity in the Australian exchange-traded and OTC carbon markets (spot and derivatives) over the past week, including key trends and drivers, our latest pricing and benchmarks, and our daily forward curves.
Generic ACCU price falls to 10-month low as FY23/24 compliance year draws to a close
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets fell to 355k last week, 61% below the 6-month rolling average of 913k, with activity confined to the spot market.
After a relatively subdued start to
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