Carbon Markets

UPDATE: ACCU prices reach YTD high on compliance momentum, SMCs and Plantation Forestry units return

Spot ACCU levels firmed again early last week to print new year-to-date highs on continued compliance demand, as the market approaches key levels for sellers. Activity for units outside of the more liquid Generic ACCU market also re-emerged, while spot and derivatives activity remained tightly aligned, with end-of-year tenors continuing to attract interest, and forward positioning broadening across 2026.

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 reach new YTD highs, but further compliance momentum needed for price growth as sellers near target levels

Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets rose to a 4-week high of 1.2M last week (+435k WoW), well above the weekly average both over the current compliance YTD (763k) and ahead of the same period last year (667k over August 2024).

RepuTex’s Generic ACCUs (Market Close) assessmentended the week marginally lower at $36.90/t (-$0.10/t WoW), level with our Generic ACCU VWAP assessment ($36.70/t, – $0.05/t WoW). Our HIR ACCU (Market Close) assessment settled at $36.75/t (-$0.20/t

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