Carbon Markets

UPDATE: Carbon Offset Market Report – ACCU price slide begins to ease as volumes hold, voluntary surrenders grow

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

Prices for Australian Carbon Credit Units (ACCUs) fell on the week over our major categories, however the price slide has begun to ease as volumes hold at recent levels. Buy interest remains muted due to uncertainty around the current policy environment, yet as December approaches, the outcome of the Chubb Review (supply-side) and Safeguard Mechanism consultation (demand-side) should provide a more complete picture of how the local ACCU market will develop over the medium and long-term, with each representing a potentially positive event for price development. Voluntary cancellations of ACCUs have continued to surge over 2022, up 37% from 2021 behind purchases attributed to the underperformance of Chevron’s Gorgon CCS project. Internationally, prices for Gold Standard and Verra voluntary units rose slightly, while EUA prices remained stable after recent volatility.

This report analyses current activity in the Australian and international voluntary carbon markets, including spot and forward price dynamics, and prices by underlying project methodologies. 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.

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

    IN FOCUS: Safeguard Mechanism Credits – Flurry of changes to proposed Safeguard crediting framework

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

    The government last week tabled its Safeguard Mechanism (Crediting) Amendment Bill 2022 in the House […]

    Research Insights | December 5th, 2022
  • Carbon Markets

    UPDATE: Buy interest builds for Generic ACCUs as Safeguard Mechanism policy announcement looms

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

    Prices for Human Induced Regeneration ACCUs came off slightly last week, while Generic (Landfill gas, […]

    Research Insights | December 5th, 2022
  • Carbon Markets Electricity

    OUTLOOK: NEM wholesale electricity and LGC price forecast 2022-42

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

    Our latest Australian Electricity Outlook (AEO) for wholesale electricity and LGC prices in the National […]

    Research Insights | November 30th, 2022
  • Carbon Markets

    UPDATE: Local activity slows, but prices hold steady, as the market looks ahead to December

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

    Activity slowed in the Australian Carbon Credit Unit (ACCU) market last week, although prices have […]

    Research Insights | November 28th, 2022
  • Carbon Markets

    UPDATE: ACCU prices continue to firm as COP 27 comes to a late conclusion in Sharm el-Sheikh

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

    Prices continued to rise in the Australian Carbon Credit Units (ACCU) market last week, albeit […]

    Research Insights | November 21st, 2022
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone