The Australian carbon market slowed over the week, with Generic and HIR ACCUs holding around the $38.00/t resistance level on lighter turnover as trading eased at the start of the new financial year. The Climate Change Authority (CCA) released its 2026 Annual Progress Advice, narrowing its focus on the Safeguard Mechanism to two key levers ahead of DCCEEW’s broader 2026-27 policy review. Elsewhere, Fixed CAC exit arrangements opened, while across certificate markets, the recent LGC rally stalled, with 1 July rule changes in the ESS and PDRS opening new certificate generation pathways.
In this weekly update, we take a closer look at the CCA’s Annual Progress Advice and consultation on the post-2030 baseline decline rate, including its relevance to DCCEEW’s upcoming Safeguard Mechanism review.
RepuTex’s Carbon Weekly report breaks down activity in the Australian exchange-traded and OTC carbon markets (spot and derivatives), including recent trends, drivers, and our latest spot and forward pricing benchmarks.
Generic and HIR ACCUs largely unchanged on slowing market
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets fell to 260k last week (113k WoW), well below the year-to-date (YTD) weekly average (544k).
Spot volumes (200k, -48k WoW) drove the bulk
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