Carbon Markets

UPDATE: Carbon Offset Market Report – Positive sentiment returns as ACCU buyers favour regeneration over land-based avoidance projects

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

The change of government has proven to be supportive for the local ACCU market, with positive sentiment returning last week. In response to the election outcome, the ACCU spot price grew 18 per cent on the week, led by a strong uptick in traded volumes. As noted in our recent updates, human-induced regeneration (HIR) specific units continue to trade in volume, making up around half of all spot demand in May. While these units are now preferred over land-based avoidance projects, the weak premium indicates that HIR itself is not quite the ‘quality’ unit, with co-benefits largely not a factor in these purchases. Internationally, higher demand saw prices for voluntary offsets increase last week, led by premium project categories. Notably, demand for older, lower-end energy efficiency and renewable projects also increased over the week.

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: Liquidity, prices continue to rise as bullish sentiment drives record traded volumes

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

    The Australian Carbon Credit Unit (ACCU) market saw strong gains in both price and volume […]

    Research Insights | January 23rd, 2023
  • Carbon Markets

    UPDATE: ACCU prices rise as Safeguard Mechanism position paper spurs market confidence, forward activity

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

    Market certainty brought about by the release of the Safeguard Mechanism reform position paper, and […]

    Research Insights | January 16th, 2023
  • Carbon Markets

    IN FOCUS: Safeguard Mechanism policy threads the needle to addresses structural concerns

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

    The government yesterday presented its detailed design proposal for the Safeguard Mechanism emissions compliance framework, […]

    Research Insights | January 11th, 2023
  • Carbon Markets

    ON POINT: Summary of proposed Safeguard Mechanism 2.0 policy positions

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

    The below summary of proposed policy positions is derived from the Government’s policy position paper, […]

    Research Insights | January 11th, 2023
  • Carbon Markets

    MR: Safeguard Mechanism reform to trigger a “structural change” in Australia’s carbon market

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

    MELBOURNE, January 10, 2023 – The government has today presented its detailed design proposal for […]

    Research Insights | January 10th, 2023
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone