Fighting Fire with Fire: A Conversation with Kristina Koenig
<p>Carbon offsets in Australia are traded as Australian Carbon Credit Units (ACCUs) where each ACCU represents 1 tonne of carbon dioxide. In mid-2021, the price of one ACCU was around $16; by the start of 2022, it ballooned to around $50. More recently, government intervention has decreased the price to around $30. (<a href="https://www.accus.com.au/" rel="noopener ugc nofollow" target="_blank">See here</a> for current prices.) The price of carbon reflects an increased appetite for carbon abatement, emanating both from voluntary net-zero commitments and more stringent regulation. In short, there is a lot of demand.</p>
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