The emergence of discounted Safeguard Mechanism Credit (SMC) offers reignited activity in the traded market late last week, however, beyond short-term volatility, the gradual erosion of market support is more closely tied to broader uncertainties – most notably, the upcoming federal election.
In this Carbon Weekly report, we break 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.
Volumes surge on Safeguard Mechanism Credit-led sell off
Total traded volumesacross the Australian exchange-traded and over the counter
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