Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and international carbon markets for the week 6 – 10 November 2023.
While the ACCU market saw good bid and ask activity, the traded market was again subdued last week outside of sporadic volumes for more liquid methods. This saw prices generally flat for most categories, in line with recent averages. The international VCM was again plagued by new concerns over the integrity of verification processes, this time for allegations of physical and sexual abuse at the Kasigau Corridor Project in Kenya. Despite the negative sentiment, market participants are still showing interest in high quality projects, preferring to engage in project specific transactions to reduce reputational risk, a strategy also being employed in the local ACCU market.
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.
