ANALYSIS: Why a rising carbon credit price isn't exactly good news
"They're building a pipeline of carbon offsets that they can then sit on, rather than use them today, to meet an emissions reduction target."
The futures market for carbon credits shows that the price of carbon offsets lifting into the new year, according to Grossman,As the price of carbon offsets keep rising, renewables like solar, green hydrogen, soil carbon or carbon capture and storage become more attractive as investments. The latest Quarterly Carbon Market reports — for September — shows the clean energy regulator is flooding the market with supply of carbon credits.While demand for credits is up 24 per cent over the previous 12 months, the total Australia carbon credit unit supply for the year, the report says, will reach a record 17.3 million units.She believes the Australian market mechanism for reducing carbon emissions is ineffective.
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