Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and international carbon markets for the period 21 – 25 October 2024.
The Australian carbon market saw volumes retreat last week as traded volumes reported under our Survey Panel engagement process fell behind lower derivatives activity, while spot volumes increased. Recent bullish price momentum continued, with our HIR ACCU price assessment growing to match a year-to-date high. As the Australian market closes the door on NGERs reporting season, all eyes now turn to the US election next week, with potential for a new Trump government to withdraw the US from the Paris Agreement (for the second time), underscoring uncertainty over the submission of updated NDCs by global Parties. We take a closer look at this dynamic and the implications for Australia’s 2035 emissions target in this weekly update.
RepuTex’s Carbon Weekly report analyses recent activity in the Australian and international voluntary carbon markets, including our ACCU spot price assessments, 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.
