Carbon Markets

UPDATE: HIR Prices fall to 9-month low with potential for further after brief market holding pattern

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Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and international carbon markets for the period 8-12 April 2024.

Monthly traded volumes are on track to surpass April-23 as momentum carries through from a busy March. Following a brief period of stability, last week saw Generic prices reach their lowest point since December 2023 after a heavy sell-off, while HIR prices fell to a 9-month low. Notably, the recent decline in HIR prices has seen the proportion of HIR volumes increase to over 30% of the spot traded market this month. Despite this slide, the market for HIR and Generics closed in alignment throughout most of the week, with recent convergence continuing to hold. Meanwhile, DCCEEW’s pipeline remains busy as the timeline for new methodologies becomes firmer.

RepuTex’s Carbon Weekly report analyses recent activity in the Australian and international voluntary carbon markets, including our ACCU spot price assessment by 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.

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