Australia’s decision to allow project developers to exit offset contracts with the government in order to increase secondary market supply had caused a 24% drop in ACCU prices by early Friday afternoon and will likely damage overall confidence in the nation’s carbon market, according to experts.
ACCUs fall off cliff as ERF exit option seen hurting market confidence
Australia’s decision to allow project developers to exit offset contracts with the government in order to increase secondary market supply had caused a 24% drop in ACCU prices by early Friday afternoon and will likely damage overall confidence in the nation’s carbon market, according to experts.
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