What impact will a net-zero emissions target have on forecast ACCU prices?

• The Australian carbon market is undergoing a “fundamental repricing” on the prospect of a national net-zero emissions goal;
• Prices for Australian Carbon Credit Units (ACCUs) could more than double by 2030, rising to a range of $20-45/t
• While a net-zero target will be a supportive factor for local prices, offsets are unlikely to be used as a permanent replacement for emissions reductions. This could result in more muted demand, and prices at the lower end of the anticipated range.

In our latest Carbon Market Outlook, published today, we present our expectations for Australian Carbon Credit