Carbon Markets

UPDATE: Corporate action spurs record ACCU volumes and jump in prices for Generic and HIR units

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The Australian Carbon Credit Unit (ACCU) market received a shot in the arm over the last week with a new record set for traded volumes in the spot and forward markets. The surge in activity, driven by increased corporate and hedging activity, spurred a jump of over 5% in prices for both Human Induced Regeneration (HIR) and Generic (landfill gas) ACCUs, indicating some early confidence in the outcome of the Safeguard Mechanism review, and continuing annual liabilities under the current state and federal policy. The international voluntary market broadly traded down on negative sentiment in the exchange traded market, while EUAs rebounded at the end of the week as EU negotiators agreed to price spike measures.

This report analyses current activity in the Australian and international voluntary carbon markets, including spot and forward price dynamics, and prices by underlying project methodologies. 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.

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