The price of Australian carbon credit units (ACCU) has hit an all time today with a spot price of $40.
This time last year ACCUs were trading at $16.45 representing roughly a 250% increase over 12 months.
Demand for ACCUs has been steadily rising since COP26 as more corporations have pledged to reduce their emissions and reach net-zero by 2050.
The outcomes from COP26, Article 6 and the improved regulation within the sector is making the world see the need for strong action on climate change and the need to move away from a reliance on fossil fuels.
All organisations should be looking at pathways to sustainability. Now is a great time for Australian corporates to set their sights on ambitious targets, capture some great value and make a strategic decision about procuring renewable energy by going direct to the market.
At Renewable Energy Hub, we aim to remove the key barriers to uptake of clean technologies with our world-first energy contract and data marketplace CORE Markets.
CORE Markets provides users with a full suite of data, tools and analytics to facilitate price discovery, robust analytics and deliver low transaction costs for products tailored to your needs.
You can find out more about the CORE Markets platform here.