Last week saw a late resurgence in Safeguard-aligned buying from banks and financials, including the largest spot prints since November, helping to lift prices into the close of the week. Despite an uplift to spot liquidity, uncertainty posed by the incoming FY26/27 Safeguard Mechanism review, detailed in our earlier market briefing, has limited forward procurement horizons.
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 rebound on Safeguard-aligned buying from banks and financials
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets fell to 475k last week (-379k WoW), below both the compliance year-to-date average (723k) and the January 2025 weekly average (934k).
Spot market volumes edged marginally higher (+26k WoW) to 420k – a six-week high – led by Generic No-Avoided Deforestation ACCUs (63%), followed by Generic ACCUs (19%) and HIR ACCUs (18%).
Trading was subdued throughout much of the week, with small-volume flows dominating activity over Monday (40k), Tuesday (30k) and Wednesday (45k). Over this period, spot traded prices remained rangebound between
Unlock our award-winning research insights
Request access to learn more about our research services, or click here to register for free access to our articles and price information.