Blog Post

Carbon markets: ACCU prices rally after Chubb-review, safeguard mechanism reform

THE price of Australian Carbon Credit Units has hit its highest point since March last year, jumping more than $5 in the past fortnight.

Two major government announcements have been made in the past month, on the demand and supply side of the market.

An independent review of the framework underpinning the carbon market, known as the Chubb-review, largely supported the methodologies used to calculate credits. One participant told Beef Central earlier this month that it will put confidence back in carbon credits.

On the demand side, the Federal Government released a draft of its reformed…

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