Carbon Markets

UPDATE: Spot prices see first weekly gain of 2025 on subdued holiday activity; issuance figures finalised

Our latest Carbon Weekly report has now been published, reviewing activity in the Australian and international carbon markets for the period January 27 – 31 2025.

The Australian carbon market saw limited activity last week as public holidays in Australia and key Asian markets dampened participation. Despite this, our Generic ACCU (Benchmark) assessment recorded its first weekly gain of 2025, pausing the recent downtrend as early signs of compliance demand begin to emerge at current levels. Meanwhile, attention turned to the final issuance figures released by the Regulator, with 2024 marking a record year despite falling shy of initial projections.

In this Carbon Weekly report, we analyse recent activity in the Australian and international voluntary carbon markets, including our ACCU spot price assessments, method spreads, forward activity, and traded volumes.

Spot prices see first weekly gain of 2025 on subdued activity

Traded activity throughout the Australian carbon market dropped sharply last week, with participation subdued by the Australia Day holiday (27th) locally, and Chinese New Year across key Asian markets (29th – 30th).

Total traded volumesamounted to just over 200k across both spot and derivatives markets, down 74% from the 6-month rolling average of

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