There are early signs of a rally in the Australian Carbon Credit Unit (ACCU) market, with prices for both Generic (Landfill gas) and Human Induced Regeneration (HIR) contracts trading up slightly last week, on comparatively thin volumes. While uncertainty continues to hold back the market, voluntary demand has continued to support prices, and positive sentiment on policy reform continues to build. Internationally, some bearishness returned to the voluntary market, with prices up for lower end categories.
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.
Spread widens slightly between Generic and HIR ACCUs
Generic ACCU units traded up to $30.00/t in 25,000 units on Wednesday the 26th amid muted trading while the Carbon Market Institute (CMI) summit brought together much of the industry over the 24th and 25th. HIR ACCUs traded with more frequency but only marginally greater volume, trading at $32.75/t in 5000 and 15,000 on the 25th and 26th
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