UPDATE: Australian Carbon Offset Market Report – Spot volumes hit record high but ACCU prices soften as supply improves

The spot price for Australian Carbon Credit Units (ACCUs) has continued to soften, closing down -5.5% on the week, yet recovering slightly on Wednesday. The ACCU spot price has now largely eroded gains made over January, with year-to-date growth almost returning to parity with the start of the year. Counter to softening prices, spot traded volumes have surged to a record high in February (on larger parcel sizes) – surpassing the previous high by 49% with just over one week remaining in the month – driven by increasing investor participation, last minute compliance buying and corporate voluntary activity. While issuance