Having a more efficient platform will have a significant positive impact on carbon credit trading.
With carbon credits becoming an increasingly important factor in Australia’s drive towards a net-zero future, attention is focusing on the most effective method of trading them.
Until now, ACCUs, and other carbon credit devices, have been traded over the counter or via a range of different exchanges around the world. However, in an effort to formalise this process and improve transparency, newer platforms are being created to streamline trading and lower transaction costs.National Australia Bank’s Head of Commodity Strategy and Research, Baden Moore, says having a more efficient platform will have a significant positive impact on carbon credit trading.
On the supply side, Moore says there is increasing interest from the agribusiness sector. Farmers and landowners are recognising they have the potential to unlock new revenue streams from their properties through the generation of carbon credits. “If you think about carbon trading and what people are buying, it is meaningful for them to understand and have confidence in the value of the credit that they are buying,” says Moore.
Moore says there is also a need for further education of some businesses about the role of ACCUs and trading, and the value this can deliver for them.
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