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 |
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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.
