Carbon Markets

UPDATE: Australian Carbon Offset Market Report – ACCU volumes hit record high as EU closes in on €100 barrier

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

Traded volumes in the Australian carbon offset market surged to a record high in January, with almost 550,000 units traded in OTC spot and forward markets, a 56% increase on the previous high recorded in July 2021. Despite the uptick in traded volumes, prices for Australian Carbon Credit Units (ACCUs) softened over the past fortnight – on much larger parcel sizes (20-50k) – suggesting that sellers have reached a happy level of price support to service higher volumes. The surge in traded volumes has been driven by new entrants seeking to capitalise on bullish momentum attributed to Australia’s net-zero target and rising prices for low-carbon assets. In particular, prices in the EU ETS have flirted with the €100 (A$160) barrier over recent days, reaching a record intraday high of €98.49/t on Tuesday (A$157), leading many local investors to view the Australian market as undervalued.

This report provides a snapshot of current activity in the Australian and international voluntary carbon markets, including spot and forward price dynamics, offset issuance and voluntary cancellations. Analysis considers Australian Carbon Credit Units (ACCUs) and voluntary offsets across key international registries including Verra, Gold Standard, the American Carbon Registry, and the Climate Action Reserve.

Please login to EnergyIQ to view the full report.

Restricted Access

This is a subscriber report. Please login to access this content.

Become a Carbon Insider today

Unlock our latest analysis, briefings and price information with our new Carbon Insider service.

Click below to see our plans.

Sign up for regular insights

LATEST UPDATES

  • Carbon Markets

    UPDATE: Carbon Offset Market Report – Labor’s Climate Change Bill passes the House: Market reaction and what happens next?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    Prices for Australian Carbon Credit Units (ACCU) have seen an increasing divergence between generic ACCUs […]

    Research Insights | August 9th, 2022
  • Carbon Markets

    RECORDING: Safeguard Mechanism 2.0 – Long-term carbon price, supply and demand outlook

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    From 1 July 2023, the Commonwealth Safeguard Mechanism will transition to a ‘baseline and credit’ […]

    Research Insights | July 26th, 2022
  • Carbon Markets Outlook

    OUTLOOK: Safeguard Mechanism 2.0 – Australian carbon offset price, supply and demand outlook

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    From 1 July 2023, the Government will transition the Commonwealth Safeguard Mechanism to a ‘baseline […]

    Research Insights | July 20th, 2022
  • Carbon Markets

    UPDATE: Carbon Offset Market Report – ACCU spot price slides 14%; voluntary cancellations and issuance ends FY22 on high

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The spot price for Australian Carbon Credit Units (ACCUs) fell 14% on the week as […]

    Research Insights | July 18th, 2022
  • Carbon Markets

    UPDATE: Carbon Offset Market Report – Buyers ‘rush to regeneration’ ahead of ACCU review – but are HIR projects without risk?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The price for Australian Carbon Credit Units (ACCUs) has continued to drift sideways, with spot […]

    Research Insights | July 4th, 2022
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone