ACCU prices and activity softened last week as the market brushed off supply concerns following the latest exit window results. With eligible facilities now largely holding all Safeguard Mechanism Credits (SMCs) on hand for cancellation or sale, in this update, we discuss SMC pricing – and the integrity of units – how we expect SMCs to be monetised in the traded market.
In this Carbon Weekly report, we break down activity in the Australian exchange-traded and OTC carbon markets (spot and derivatives) over the past week, including key trends and market drivers, our latest pricing and benchmarks, and our daily forward curves.
