AUSTRALIA’S carbon market has started this year stronger than it finished last year, with average prices going above $35 for the first time since June.
The market for Australian Carbon Credit Units has been in a relative oversupply for most of last year, with record numbers of credits being issued and buyers watching several changes in legislation before committing to purchases.
This year, some of the big pieces of legislation passed by the Federal Government are in place – including the ‘safeguard mechanism’ which forces big emitting companies to keep their emissions below a…