Carbon Market

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January 2022

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Last updated: 19th Janaury 2022

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December 2021

  • The ACCU spot price has risen above $40/t. While supply of ACCUs for the September quarter was recently reported to be 25% higher than last year, along with a 67% increase in the number of projects registered.
  • The 8th Australasian Emissions Reduction Summit was hosted by the Carbon Market Institute in December. The general consensus from the Summit appears to be positive and forward-thinking, with speakers surprised at the recent rapid growth in ACCU spot prices, and predictions the spot price will grow to about $60/t over the next 3 years.
  • New research has shown that with current technology, carbon offsets have a limited global budget. To stay within a 1.5°C temperature rise, a conservative 40Gt of annual emissions removal is estimated by the IPCC. Using nature-based solutions, the land required to sequester 40Gt of greenhouse gases annually is much greater than the global area of cropland.
Last updated: 21st December 2021

November 2021

  • The ACCU spot price has risen to $36.50/t, a 120% increase on last year. However, the price of ACCU’s in the 13th ERF auction which was held last month, reached an average of only $16.94/t, an 8% increase compared to last September’s auction.
  • COP26 in Glasgow has ended after two weeks of negotiations. Highlights include pledges by 2030 to end deforestation and cut methane emissions by 30%, and progress has been made on creating a framework for countries to trade carbon credits.
  • The Australian Government has announced a plan to reach net-zero by 2050. The plan focuses on investment in new technologies, with comparably little investment in developing local carbon markets.
Last updated: 23rd November 2021

October 2021

  • The Australian ACCU spot price has yet again reached record levels, growing to $29.5/t. This is an unprecedented 79% increase in the past year. The continued growth has been driven by increased demand, leading to a supply squeeze
  • COP26 is due to be held a Glasgow at the end of this month, and will see a significant increase in international pressure to commit to strong emissions reductions targets.
  • The Clean Energy Regulator has committed to developing ‘method-stacking’ land-based sequestration activities in 2022. The Integrated Farm Method will allow multiple projects, such as soil sequestration, grazing management, and revegetation, to all be conducted on the same piece of land under one umbrella project. For Kilter, it would mean we could include soil sequestration in the same project/land as native vegetation plantings.
Last updated: 20th October 2021

September 2021

  • The ACCU spot price has increased slightly in the past month, sitting at $24/t in September, which is now a reported 40% increase in ACCU spot prices in the past year. 
  • A record 5.7 million ACCUs were reported by CER in the June quarter, while 47 new ERF projects were registered. An update was also provided on the Carbon Exchange (expected to launch early-2023), with CER shortlisting 13 companies to participate in the request for proposal. 
Last updated: 20th September 2021

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