UPDATE: ACCU prices retrace from YTD highs as market readies for impending 2035 NDC announcement

After climbing to year-to-date highs early in the week, ACCU prices fell as spot liquidity thinned into week’s end. The pullback coincided with a drift in sentiment toward Australia’s impending 2035 emissions target announcement, flagged in our recent Analyst Update. Per that analysis, while Australia’s 2035 target will be announced this week, the settings that determine how the target will translate into facility-level obligations under the Safeguard Mechanism will not become clearer until 2026–27, and is subject to a number of key variables, which we outline in our full Analyst Update (10 September), available here.

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