Carbon Markets

UPDATE: Net-zero pledges drive higher voluntary demand for offsets, but corporates choose “price” over “integrity”

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

Voluntary cancellations of carbon offsets under the Australian National Registry of Emissions Units (ANREU) have now surpassed 2021 levels, with almost 15 million units surrendered over the 2022 calendar year, a 15% increase from 2021. The uptick in voluntary activity reflects the increasing volume of net-zero and carbon neutral pledges from Australian companies, at both the corporate and product level, with many companies utilising carbon offsets to meet carbon neutrality claims under the Climate Active framework. Over 90% of all voluntary cancellations in the past year have been in the form of low-cost Certified Emissions Reductions (CERs), indicating that local companies continue to favour “price” over “integrity” in the execution of their procurement strategies, despite increasing stakeholder pressure, and the wider availability of higher quality international offsets.

Restricted Access

This is a subscriber report. Please login to access this content.

Become a Carbon Insider today

Unlock our latest analysis, briefings and price information with our new Carbon Insider service.

Click below to see our plans.

Sign up for regular insights

LATEST UPDATES

  • Carbon Markets

    IN FOCUS: Safeguard Mechanism Credits – Flurry of changes to proposed Safeguard crediting framework

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The government last week tabled its Safeguard Mechanism (Crediting) Amendment Bill 2022 in the House […]

    Research Insights | December 5th, 2022
  • Carbon Markets

    UPDATE: Buy interest builds for Generic ACCUs as Safeguard Mechanism policy announcement looms

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    Prices for Human Induced Regeneration ACCUs came off slightly last week, while Generic (Landfill gas, […]

    Research Insights | December 5th, 2022
  • Carbon Markets Electricity

    OUTLOOK: NEM wholesale electricity and LGC price forecast 2022-42

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    Our latest Australian Electricity Outlook (AEO) for wholesale electricity and LGC prices in the National […]

    Research Insights | November 30th, 2022
  • Carbon Markets

    UPDATE: Local activity slows, but prices hold steady, as the market looks ahead to December

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    Activity slowed in the Australian Carbon Credit Unit (ACCU) market last week, although prices have […]

    Research Insights | November 28th, 2022
  • Carbon Markets

    UPDATE: ACCU prices continue to firm as COP 27 comes to a late conclusion in Sharm el-Sheikh

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    Prices continued to rise in the Australian Carbon Credit Units (ACCU) market last week, albeit […]

    Research Insights | November 21st, 2022
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone