Buying from investors, intermediaries and corporates have caused the price of carbon credits in Australia to double in the past 12 months.
The spot price for Australian Carbon Credit Units (ACCUs) leaped another 13% to a new record high and just short of $30/tonne.
How the federal government strikes a balance between ‘genuine abatement’ and ‘commercial participation’ will be a focus of new credit mechanism.
RepuTex’s ACCU spot price assessment grew 4% to $22/t over the fortnight, a new record high, behind increasing corporate and investor activity.
Australia’s carbon market driven to new highs due to increasing corporate voluntary activity and investor participants.
Renewable energy zones will unlock wind and solar and bring prices down, but gas faces challenges from more flexible coal and more renewables.
The recent trend has been to relax guidelines on the safeguard mechanism, but that may soon change with a net zero emissions target.
Prices for Australian Carbon Credit Units (ACCUs) could more than double by 2030, rising to a range of $20-45/t.
Price of Australian carbon offsets broke through $17 a tonne last week, as big polluters looked to voluntarily offset their greenhouse gas emissions.
Australian carbon spot price climbs again, as pressure continues to grow for the Morrison government to commit to a more ambitious net-zero emissions target.