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Carbon markets: Twiggy questions integrity as ACCU trading slows

 

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TRADING volumes of Australian Carbon Credit Units have continued to slow in recent weeks as the industry awaits the findings of some major reforms.

According to Jarden, the price of ACCUs has been relatively steady for the past two months, closing last week at $30/tonne of CO2 or equivalent – the market dipped to $27.37 in August and reached $31.25 at the end of September.

Integrity has again come into focus, with Australian billionaire Andrew “Twiggy” Forrest becoming one of the latest to criticise carbon markets across the world. Mr Forrest is the owner of the Fortescue Metals…

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