Last week saw ACCU prices climb back to year-to-date (YTD) highs on a mid-week uplift in activity behind consistent Safeguard-aligned demand, which continues to be channelled through financials and intermediaries. With Australia’s 2035 emissions reduction target and associated sectoral plans to be released in the next fortnight, lobbying has continued to intensify, with one specific target range gaining strong traction among MPs.
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.
Spot market re-tests YTD highs despite thinner volumes
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets fell to 505k last week (-666k WoW) as derivatives volumes declined to just 75k (-472k WoW), seeing total volumes fall below the current compliance year weekly average (762k) and the same period last year (1M over September 2024).
Despite the downturn in overall activity, RepuTex’s Generic ACCUs (Market Close) assessmentended the week up $0.85/t WoW to $37.75/t, level with our Generic ACCU VWAP assessment ($37.75/t, +$0.85/t WoW). Our HIR ACCU (Market Close) assessment settled at $37.75/t (+$1.00/t WoW),
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