UPDATE: Carbon Offset Market Report – ERF price rises as ACCU market reaches election crossroads

The Clean Energy Regulator has announced the results of the 14th ERF auction, with 7.6 million ACCUs contracted at an average price of $17.35/t, a 2.5% increase on Auction 13. Contracted volumes again failed to exceed 10 million, with the Regulator continuing to use its discretion to limit larger price increases, ultimately restricting the underwriting of higher value projects. The ACCU spot price fell 1.6% on the week with traded volumes increasing, yet market action remains slow after a heated February and March. While much of the downside risk appears to be priced into the ACCU market following the recent