Carbon Markets

UPDATE: Carbon Offset Market Report – Nature-based ACCUs dominate as divergence between broker and bilateral spot price grows

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The spot price for Australian Carbon Credit Units (ACCUs) fell 0.7% on the week, with limited action in the OTC broker market, where just 20,000 units have been traded in June. Outside the main broker pool, Human Induced Regeneration (HIR)-specific projects continue to trade in volume, with over 500,000 units traded since the commencement of our nature-based ACCU price assessment. Larger volumes are being transacted in the bilateral spot market, currently trading between $37-41/t, as the divergence between the broker pool and the wider secondary market becomes more evident. While the secondary market continues to trade in volume, compliance demand has slowed as larger corporates prepare for Safeguard Mechanism Credits to enter the local mix. Internationally, macro-economic concerns have dented sentiment with price decreases in the nature-based segment more pronounced than in other segments, with both nature-based avoidance and natural capital prices falling, although price movements were not uniform.

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.

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