Carbon Markets

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

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

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 changes to the ERF, the 2022 federal election is likely to again impact prices. All eyes are therefore on May 21 as proponents begin to form a view of market development, and how prospects for more robust compliance demand under the ALP’s re-worked Safeguard Mechanism may impact market fundamentals.

This report analyses current activity in the Australian and international voluntary carbon markets, including spot and forward price dynamics, offset issuance and voluntary cancellations. 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

    UPDATE: Carbon Offset Market Report – Labor’s Climate Change Bill passes the House: Market reaction and what happens next?

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

    Prices for Australian Carbon Credit Units (ACCU) have seen an increasing divergence between generic ACCUs […]

    Research Insights | August 9th, 2022
  • Carbon Markets

    RECORDING: Safeguard Mechanism 2.0 – Long-term carbon price, supply and demand outlook

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

    From 1 July 2023, the Commonwealth Safeguard Mechanism will transition to a ‘baseline and credit’ […]

    Research Insights | July 26th, 2022
  • Carbon Markets Outlook

    OUTLOOK: Safeguard Mechanism 2.0 – Australian carbon offset price, supply and demand outlook

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

    From 1 July 2023, the Government will transition the Commonwealth Safeguard Mechanism to a ‘baseline […]

    Research Insights | July 20th, 2022
  • Carbon Markets

    UPDATE: Carbon Offset Market Report – ACCU spot price slides 14%; voluntary cancellations and issuance ends FY22 on high

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

    The spot price for Australian Carbon Credit Units (ACCUs) fell 14% on the week as […]

    Research Insights | July 18th, 2022
  • Carbon Markets

    UPDATE: Carbon Offset Market Report – Buyers ‘rush to regeneration’ ahead of ACCU review – but are HIR projects without risk?

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

    The price for Australian Carbon Credit Units (ACCUs) has continued to drift sideways, with spot […]

    Research Insights | July 4th, 2022
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone