Australia’s carbon reform stokes buying interest for credit units; liquidity, prices surge

The Australian government’s proposal for carbon market reforms in early January has stoked buying interest for Australian Carbon Credit Units, or ACCUs, with prices surging by over 14% in the two weeks to Jan. 26, trade volumes hitting record levels and firms hoarding credits in anticipation of higher prices, traders, brokers and market participants told S&P Global Commodity Insights. The…