Despite the shortened trading week, robust volumes were reported across the brokered and non-brokered (direct) carbon markets last week, led by strong compliance buying ahead of the federal election, to be held this weekend.
As opinion polls strengthen for the ALP, the key question for Australia’s carbon market is not whether the government will be returned, but whether it will require crossbench support to form a working majority.
In this update we consider the potential for a minority government, and the likelihood of touted stronger Safeguard Mechanism settings for Coal Mining and LNG facilities.
Our 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.
