This report provides an overview of the month’s Australian Carbon Credit Unit (ACCU) market activity along with key developments and milestones.
This report provides an overview of the month’s Australian Carbon Credit Unit (ACCU) market activity along with key developments and milestones.
Please note: This report provides an overview of the key developments in the Australian carbon market. Our in-market team produces daily and detailed updates and trade reports to CORE Markets software subscribers and clients. Contact us to find out more.
Learn more about our ACCU Market Forecast Report, a method-specific ACCU market supply, demand and price forecast
In May, 2.191 million ACCUs traded in the reported market, representing a decrease of over 13% from April’s 2.519 million units. Generic ACCUs made up 73.5% of the ACCU market, with 1.611 million units traded. Of these units, 840k had the NO AD tag.
HIR ACCUs accounted for 580k of reported trades, almost 26.5% of the ACCU market. This is a 1.5% decrease from April. However, although the total traded volume of HIR ACCUs decreased in May, its market share increased by almost 12.3%.
Peak trading volumes were seen on 9th May, with a total of 326k ACCUs having been reported, the largest being two Dec24 $30-$37 ACCU Collars in 100k priced at $1.00. However, other significant days, such as 6th May, showed reported volumes of 295k. Here, the largest trade of the month, a Dec24 $30 ACCU Put option in 200k traded at $1.10.
ACCU Forwards also traded in May, the most significant of these being two Dec24 ACCU forwards at $34.96 in 63k on 9th May, and a Nov25 ACCU NO AD forward at $36.65 in 50k.
Learn more about our ACCU Market Forecast Report, a method-specific ACCU market supply, demand and price forecast
In May, an estimated 1,256,253 ACCUs were issued, a significant 115.5% increase in comparison to April, where issuance was just over 583,000. The Clean Energy Regulator (CER) estimates around 20 million ACCUs to be issued in 2024, compared to 17.2 million issued the previous year.
ACCU Market Monthly Report - May 2024
Renewable energy and carbon markets are part of the corporate climate toolkit. They help internalise the cost of the renewable energy transition and the impact of an emissions footprint. Understanding the intricacies and developments between them is an essential part of the process.