Activity softened last week as the ACCU market continues to see seasonal stagnation, while secondary trading of Safeguard Mechanism Credits (SMCs) remains elevated. In this update, we take a closer look at the extension of Woodside’s North-West Shelf LNG facility, which we forecast to be a material source of ACCU demand under the Safeguard Mechanism into 2030 and beyond.
RepuTex’s Carbon Weekly report breaks 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.
ACCU market continues to see seasonal stagnation, total activity trend remains ahead of 2024
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets fell to 515k last week (-40k WoW), well below the 6-month rolling weekly average of 818k, yet in line with seasonal trends.
While market activity has continued at a subdued pace relative to the seasonal highs observed following the NGERs reporting deadline last year (31stOctober), when spot volumes spiked to a weekly average 943k throughout November, current volumes remain above historical seasonal trends, with the weekly average over April-June 2025 (488k) well above 2024
Unlock our award-winning research insights
Request access to learn more about our research services, or click here to register for free access to our articles and price information.