7 April 2021 The cost of Australian carbon credits could more than double over the next decade, as momentum towards the goal of net zero prompts the market to put a higher value on decarbonisation, new research by RepuTex finds. At the end of March, the spot price of a Australian Carbon Credit Unit (ACCUs) was just under $18.40, which was already up 11 per cent on the January price. ACCUS are credits issued by the Clean Energy Regulator to carbon abatement projects that represent 1 tonne of carbon abatement. Carbon market research firm RepuTex predicts that by 2030 ACCUs will be trading in the region of $20 to $45. It said this could happen as a result of increased government pressure, such as a ratcheting up of the currently notoriously loose “safeguard mechanism”.