Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and international carbon markets for the period August 5 – August 9 2024.
Traded volumes in the Australian Carbon Credit Units (ACCU) market increased for the third consecutive week, driven by strong demand for Human Induced Regeneration (HIR) ACCUs, which accounted for 55% of the spot volume. As markets tightened, bid-ask spreads narrowed to their lowest in three months last week on increased buyer interest and market stability. Despite subdued activity in the ASX futures contracts, the emergence of OTC forward swap trading last week indicates that the market continues to mature with enhanced risk management tools and deeper liquidity.
RepuTex’s Carbon Weekly report analyses recent activity in the Australian and international voluntary carbon markets, including our ACCU spot price assessments, method spreads, forward activity, traded volumes, and key market developments. Analysis considers the Australian market along with international registries including Verra, Gold Standard, the American Carbon Registry, and the Climate Action Reserve.
HIR again leads traded volumes amidst renewed buying demand
Last week saw ACCU traded volumesacross spot and forward markets (480k) rise for the third consecutive week, returning to the year-to-date weekly average
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