Carbon Markets

UPDATE: Mild decline in ACCU pricing re-invigorates demand mid week, international best practice values released

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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 May 20 – 24 May 2024.

Following a period of heightened derivatives trading, momentum last week shifted back to the spot market, representing over 90% of traded volumes after accounting for less than 30% over the prior fortnight. The majority of trading came as our Generic ACCU and HIR ACCU assessments slid $1.30/t and $1.25/t respectively WoW, with buyers capitalising on lower pricing. Following a period of limited HIR trading in the reported market, as many developers continue to operate through bilateral channels, last week saw some HIR activity return to the reported market as prices declined, while HIR offers in the brokered market remain relatively sparce. In this week’s update, we discuss market activity over the past week, along with Friday’s release of international best practice emissions intensity values under the Safeguard Mechanism, a key step to finalise emissions baselines for new facilities.

RepuTex’s Carbon Weekly report analyses recent activity in the Australian and international voluntary carbon markets, including our ACCU (Australian Carbon Credit Unit) 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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