The ACCU spot price has fallen further to the last closing price of $27.5/tCO2e, a 21% fall since the July update. Credits from nature-based methodologies, such as Human-Induced Regeneration (HIR) are continuing to be traded at a premium, with HIR trading at $6.25 above the spot price and Savannah burning projects trading at an $11.25 premium.
The Queensland Government’s Land Restoration Fund (LRF) has announced the recipients of the second funding round. A total of $11.5 million has been allocated to 5 new projects, which will see the LRF purchase 120,000 ACCUs over the next 15 years. This averages out to approximately $95 of LRF funding per ACCU.
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