Australian Carbon Credit Unit prices have dropped in the past month, with renewed criticism of the industry. Graph: Jarden
AUSTRALIA’S carbon market has dropped off in the past month on the back of renewed criticism of certain methodologies under the Emissions Reduction Fund (ERF).
According to Jarden, the price of Australian Carbon Credit Units (ACCUs) dropped from $35/tonne of CO2 equivalent to $29 in a number of days earlier this month. The drop in price came after a group of scientists released a report suggesting the ERF paid people to grow trees that already existed.
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