Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and international carbon markets for the week 23 – 27 October 2023.
The ACCU market was stable last week, with prices trading down, but within recent support and resistance levels. The brokered market for Generic ACCUs has been choppy over the past month, with swings reverting back to recent averages – led almost exclusively by financials and traders looking to exploit the sideways drift. Comparably, the larger bilateral OTC market (non-brokered) is beginning to see increased activity from corporates, with larger long-term RFQs being brought to market as a means for buyers to evaluate if projects are delivering real, additional, verifiable abatement – scrutiny not afforded to transactions within the smaller brokered market.
RepuTex’s Carbon Weekly report analyses recent activity in the Australian and international voluntary carbon markets, including our ACCU spot price assessment by method, spreads, forward activity, traded volumes, and key market developments. Analysis considers the Australian market along with international registries including Verra, Gold Standard, the American Carbon Registry, and the Climate Action Reserve.