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Launch of the new Quarterly Carbon Market Report

12 December 2019

Providing a holistic view of Australia’s carbon markets

The Clean Energy Regulator has today launched the new Quarterly Carbon Market Report for Quarter 3 2019.

David Parker, Chair of the Clean Energy Regulator said, to increase market transparency the Clean Energy Regulator is consolidating its current certificate and unit market updates into one unified quarterly report. It also includes some analytical stories on developments and likely trends in the market.

“As Australia’s carbon market continues to grow and a convergence of the markets is becoming more apparent, it is increasingly important to provide market participants with a holistic view of Australia’s carbon market,” Mr Parker said.

The Clean Energy Regulator releases market information across its three administered certificates markets—large-scale generation certificate (LGCs), small-scale technology certificate (STCs) and Australian carbon credit unit (ACCUs).

The first Quarterly Carbon Market Report covers market activity for Quarter 3 2019 and replaces the former LGC, STC and ACCU market updates.

Highlights for Quarter 3 2019:

  • Implementation of the Climate Solution Fund including co-design with industry to bring new approaches.
  • Potential convergence of ACCU and LGC markets driven by voluntary demand.
  • RET and ERF schemes make a substantial contribution to reducing emissions in Australia of at least 50 MT CO2-e per year.
  • Investment in new large-scale renewables continues at a moderated pace.
  • Substantial growth in mid-scale commercial and industrial solar.
  • Strong growth continues in the small-scale renewable energy scheme with another record year in 2019 certain.

“As large corporations and industrial facilities seek to reduce emissions and offset their operations, the use of LGCs to demonstrate genuine offsetting of emissions has and is expected to become more apparent,” Mr Parker said.

“LGC and ACCU price convergence may see business go beyond their compliance obligations, and with enough renewable energy capacity accredited to meet the Large-scale Renewable Energy Target, LGCs can increasingly help companies achieve their emissions reduction goals.”

The next Quarterly Carbon Market Report for Quarter 4 2019 will be released in early 2020.

Your feedback is important to us

If you have any comments or questions about market information provided by the Clean Energy Regulator, please send them to cer-markets@cleanenergyregulator.gov.au.

It is important to note that the Clean Energy Regulator is not a financial adviser. Market updates include views put forward by the Clean Energy Regulator, based on market data, observations and analysis, but are provided as general information only and should not be taken as professional advice.

You should consider seeking independent legal, financial, or taxation advice to check how this information relates to your individual circumstances.


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