Asia Pacific > Australia’s offset market oversupplied despite rising voluntary demand

Australia’s offset market oversupplied despite rising voluntary demand

Published 09:22 on March 19, 2019  /  Last updated at 09:22 on March 19, 2019  /  Asia Pacific, Australia  /  No Comments

Voluntary demand for carbon credits has increased to dwarf buying interest from Safeguard Mechanism companies, but Australia’s offset market is still oversupplied by some 730,000 credits in FY2018-19, the Clean Energy Regulator said Tuesday while setting its next ERF auction date.

Voluntary demand for carbon credits has increased to dwarf buying interest from Safeguard Mechanism companies, but Australia’s offset market is still oversupplied by some 730,000 credits in FY2018-19, the Clean Energy Regulator said Tuesday while setting its next ERF auction date.

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