Carbon spot price surges to nearly $30/tonne as demand grows for direct contracts

The spot price for Australian Carbon Credit Units (ACCUs) continued its recent uptrend over the past fortnight, growing 13% to $29.50/t, a new record high.

The recent surge in the spot price is yet to flow through to the forward market, with Feb-22 (CAL 21) prices sitting at $30/t, an increase of…