Market certainty brought about by the release of the Safeguard Mechanism reform position paper, and bullish sentiment attributed to the nature of the changes, helped to spur an uptick in prices and traded volumes in the ACCU offset market, with almost 800,00 units transacted across the brokered spot and forward markets last week – just short of the weekly record set in November last year.
Higher volumes and positive sentiment saw prices for spot Generic ACCUs (Landfill Gas, Avoided Deforestation) climb $1.75 on the week (5.1%) to $35.50/t on Friday, with HIR ACCUs trading up $2.00 (5.8%) to $36.75/t. In
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