Total volumes in the Australian carbon market lifted to a year-to-date high last week on a record week for derivatives activity – supported by hedging and Safeguard compliance flows entering the market – lifting spot prices to their highest point since early January.
Notably, on Monday, the Productivity Commission (PC) released its interim report on priority reforms for Australia’s net-zero transformation, including a series of recommendations to reduce the cost of meeting Australia’s emissions target by expanding the coverage of the Safeguard Mechanism. We take a closer look at the new PC report in this update, with key implications for policy reform.
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.
