Total traded volumes across the Australian carbon market rose to a 3-month high last week, with strong buy-side participation seeing ACCU prices reach a year-to-date high in early trading this morning. While the spot market has seen an uptick in activity, appetite for more complex derivatives continue to wane, with our realised volatility measures tracking well below historical levels.
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.
Strong buy-side participation sees ACCU prices hit year-to-date high in early trading
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets rose to a 3-month high 770k (+130k WoW) last week, sitting above the May 2025 weekly average (706k) as well as April 2026 weekly averages (410k).
Weekly spot volumes increased to 620k (+115k WoW), led by Generic No-Avoided Deforestation ACCUs (68%), followed by Generic ACCUs (18%) and HIR ACCUs (15%).
After spot prices challenged year-to-date (YTD) highs on the emergence of Safeguard demand throughout April (refer to our latest market monthly) – pushing as high as $37.85/t on 29 April – the early
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