Australian and global carbon prices surge
Australia’s carbon price has fallen 4.7 per cent to $54.50 a tonne over the past fortnight yet trading volumes of carbon units have surged, indicating the market is stabilising after a massive bull run last year pushed the price up by 210 per cent.
Fresh analysis from RepuTex, a carbon market research house, shows the price of Australian Carbon Credit Units (ACCU) is still up 7 per cent this calendar year but fell to $54.50/t on Tuesday, down $2.65 over the
past two weeks.
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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com
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