Demand for generic ACCUs (Australian Carbon Credit Units) remains strong in response to the release of the government’s consultation paper on reforms to the Safeguard Mechanism, with large volumes trading in the last week, and average parcel sizes growing as buyers and intermediaries begin to accumulate holdings. Meanwhile Human Induced Regeneration (HIR) ACCUs have slipped in value slightly, with Savanna Fire Management based deals largely absent on the brokered markets this week. Internationally, voluntary prices have continued to see small gains across the three categories, while prices in the EU ETS have corrected after an aggressive rally that flirted with the €100 barrier (A$146), on high volatility and traded volumes.
