CANBERRA: The price of Australian carbon credit units (ACCUs) will more than double over the next decade, driven by high-emitting industries covered by the nation’s safeguard mechanism, says RepuTex.
Corporate emitters from sectors including mining, oil and gas will initially depend on offsets to meet their climate targets, lifting demand for carbon credits, the carbon market research firm said in a report yesterday. The price of ACCUs will rise to A$83 (US$53) a tonne by 2033, up from the current spot price of around A$30, it said.
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