Table 3.3 summarises recent prices in compliance-based carbon markets.
Table 3.3: Recent traded international carbon prices, 2016 to 2020 (US$/t CO2-e) |
||||
Trading Scheme |
Price in November 2020 |
Price in
|
Price in
|
|
EU ETS |
30.14 |
16.37 |
6.40 |
|
UK carbon price floor |
23.23 |
25.46 |
23.73 |
|
New Zealand ETS |
22.45 |
15.22 |
13.03 |
|
California CaT |
16.89 |
15.10 |
12.80 |
|
Source: https://carbonpricingdashboard.worldbank.org/map_data |
||||
China launched a new ETS in January 2021, although initial pricing was not known at the time of this report. Prior to the launch a number of pilot ETS in China saw prices ranging from US$2 to US$5, as of November 2020.
In Australia, the 11th Emissions Reduction Fund auction was held in September 2020, and saw the Clean Energy Regulator committing to purchase 7 million tonnes of abatement on behalf of the Commonwealth. The average price per tonne of abatement purchased at the auction was AU$15.74 (US$12).
See the CER website HERE for more information.
Explore the full Workshop Manual: The business case for carbon farming: improving your farm’s sustainability (January 2021)
Read the report
RESEARCH REPORTS
1. Introduction: background to the business case
This chapter lays out the basic background and groundwork of the manual
RESEARCH REPORTS
1.2 Being clear about the reasons for participating
Introduction: background to the business case
RESEARCH REPORTS
1.4 Working through the business case for carbon farming
Introduction: background to the business case
RESEARCH REPORTS
1.5 Factors determining project economics
Introduction: background to the business case
RESEARCH REPORTS
1.8 Important features of the business case
Introduction: background to the business case
RESEARCH REPORTS
2. How carbon is farmed under the ERF
This chapter considers in detail the activities that constitute carbon farming
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2.5 Carbon farming under the Emissions Reduction Fund
How carbon is farmed under the ERF
RESEARCH REPORTS
3. The policy context and the price of ACCUs
This chapter takes a broad look at the policy context for carbon farming
