The Australian federal election has been run and won, with the ALP returned with an overwhelming majority that will see it form government in its own right. While the result reduces the influence of the more progressive crossbench (in both the lower and upper houses), this should not be mistaken as a ‘status quo’ outcome for Australia’s carbon market, with many of our key identified market influences now swinging bullish.
In this weekly update, we summarise the federal election result, and discuss the key implications for Australia’s carbon market.
Our 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.
