The recent spot ACCU rally continued early last week with prices printing new 7-month highs before easing as selling saw resistance emerge, while derivatives activity remained elevated – driven by put options. Looking ahead, advice on Australia’s 2035 emissions target is imminent, with the federal government being heavily lobbied by industry and climate-organisations.
RepuTex’s Carbon Weekly report breaks 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.
ACCU prices lift to new 7-month highs before selling sees resistance emerge
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets fell to 917k last week, down from the year-to-date (YTD) high of 1.6M the week prior, yet remained elevated above the current compliance YTD weekly average (758k) and volumes over the same period last year (667k over August 2024).
Spot market volumes fell to 350k (-305k WoW) after two weeks of increased trading (598k weekly average), with Generic No-Avoided Deforestation ACCUs making up 70% of activity, followed by HIR ACCUs (16%), Generic ACCUs (7%) and a Generic/Generic No-AD swap trade (7%).
Both Generic and
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