While overall market activity slowed last week, volatility lifted following the release of the new Savanna Fire Management Sequestration and Avoidance exposure draft method on Thursday, with the market reacting to the expected uplift in issuance flagged by CSIRO and DCCEEW, along with RepuTex’s earlier analyst briefing, with the potential crediting of historical sequestration heightening near-term risks.
RepuTex’s Carbon Weekly report breaks down activity in the Australian exchange-traded and OTC carbon markets (spot and derivatives) over the past week, including key trends and drivers, our latest pricing and benchmarks, and our daily forward curves.
Choppy activity to end week following release of new Savanna Fire Management exposure draft
With the Australian Emissions Reduction (AER) Summit taking place in Melbourne (13 – 14 August), total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets fell to 415k last week (-502k WoW), below the current compliance YTD weekly average (740k), and volumes over the same period last year (667k over August 2024).
RepuTex’s Generic ACCUs (Market Close) assessmentended the week at $35.75/t (-0.20/t WoW), +0.15/t against our Generic ACCU VWAP assessment ($35.60/t, -0.35/t WoW). Our HIR ACCU (Market Close) also settled at $35.75/t (-0.20/t WoW), level with
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