Quarterly Carbon Market Reports
The Clean Energy Regulator’s Quarterly Carbon Market Report provides a regular view of supply and demand across the carbon markets we administer and explores key factors that influence market performance. The report also provides information on trends and opportunities that may inform market decisions.
The report provides information on the three markets administered by the Clean Energy Regulator—large-scale generation certificate (LGCs), small-scale technology certificate (STCs) and Australian carbon credit unit (ACCUs).
Highlights for Quarter 4 2019
- Carbon abatement from schemes administered by the Clean Energy Regulator reached 50 million tonnes of carbon dioxide equivalent (CO2-e) in 2019 and is expected to ramp up to 59 million tonnes in 2020.
- Investment in renewables remained strong with 755 MW capacity reaching financial close in Quarter 4 2019. The Renewable Energy Target has not acted as a cap on investment.
- Records were broken across all carbon markets in 2019 with:
- 14.8 million ACCU’s issued
- 29.6 million LCG’s were validated
- 35.8 million STC’s were validated, and
- Total renewable capacity installed in 2019 was 6.3 GW, with 4.1 GW in large scale and 2.2 GW in small scale.
- Estimates showing 25 per cent of electricity in the NEM was from renewables by the end of 2019.
- The optional delivery contract under the Climate Solutions Fund is being trialled for auction 10 reducing investment management risk for project developers, resulting in likely acceleration of project registration and crediting.
- Increasing use of renewable energy and LGC’s to offset emissions as businesses explore options to address climate risks.
- Australia’s 2019-20 bushfires, while having a devastating impact across communities in rural and regional Australia, have not had a material impact on our schemes to date.
For more detail, see the Quarterly Carbon Market Report - December Quarter 2019 and data workbook - December Quarter 2019.