UPDATE: Australian Carbon Offset Market Report – ACCU price stabilises as participants remain watchful

The spot price for Australian Carbon Credit Units (ACCUs) has stabilised at $31/t, up 3.3% on the week, as participants begin to find a new equilibrium following the government’s announcement to provide project owners with flexibility to exit their ‘fixed delivery’ carbon abatement contracts (CACs) under the Emissions Reduction Fund. While potential remains for buyers to return to the market, many participants remain watchful as they wait to see how forecast large volume of new supply from existing fixed delivery contracts will be made available to the market. Internationally, prices for voluntary offsets have continued their rollercoaster ride, with nature-based