WHILE a record issuance of Australian Carbon Credit Units last month has largely been blamed for a slump in prices, there also appears to be demand-side factors putting downward pressure on the market.
According to Jarden, the market for ACCUs opened this week at $26.50 – almost $2 less than Friday’s $28.25.
Large emitting companies appear to be working out their strategies to comply with the Federal Government’s Safeguard Mechanism, which came into effect at the start of this month and will have its first reporting requirement in 2025.
Carbon market consultancy Market Advisory…
