Carbon Markets

UPDATE: Sporadic trading leads to 13-month high in daily HIR volumes, lifting prices back toward $34/t

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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 27 – 31 2024.

The recent slide in ACCU pricing triggered increased activity for Human-Induced Regeneration (HIR) ACCUs last week, with the brokered market seeing its largest total daily volumes for HIR since January 2023. While the brokered market saw an uptick in activity after a period of relatively stagnant trading, many HIR developers continue to prioritise bilateral (non-brokered) trading avenues. A trickle of activity over the remainder of the week saw our assessed prices for HIR ACCUs close +0.70/t on the week, with Generic ACCUs lifting +0.45/t WoW on low spot volume. Weekly issuance continues to sit below our rolling average, with just one of the past seven weeks seeing above-average issuance from the Clean Energy Regulator.

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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