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.

Tour our EnergyIQ platform

RepuTex research insights and market data is published via our EnergyIQ platform.

Click below to learn more about our services.

Sign up for regular insights

LATEST UPDATES

  • Carbon Markets

    UPDATE: ACCU prices slip on light volumes, Generic / HIR spread holds

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

    Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and […]

    Research Insights | September 25th, 2023
  • Carbon Markets

    UPDATE: Small price gains for ACCUs as Generic / No-AD Generics spread remains volatile

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

    Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and […]

    Research Insights | September 18th, 2023
  • Carbon Markets

    MARKET WRAP: The State of the Australian Carbon Market – August Review 2023

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

    Our State of the Australian Carbon Market report for August 2023 has now been published, […]

    Research Insights | September 15th, 2023
  • Carbon Markets

    UPDATE: Low liquidity and small falls in pricing in the ACCU market

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

    Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and […]

    Research Insights | September 11th, 2023
  • Carbon Markets

    UPDATE: Volatility in the ACCU market as prices wobble, liquidity grows

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

    Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and […]

    Research Insights | September 4th, 2023
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone