Traded volumes for Human Induced Regeneration (HIR) contracts continued to overshadow Generic (landfill gas) units last week as volumes remained relatively low and prices came off on the back of a relatively low-news week and worsening global macroeconomic environment. While buyers are currently less aggressive in their procurement, sellers remain generally patient, with many participants waiting for greater clarity on the outcomes of the Chubb Review, and more material components of the Safeguard Mechanism reform following today’s draft crediting bill.
UPDATE: Carbon Offset Market Report – Prices come off amid low buy-side interest and continued policy uncertainty
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