Carbon markets
Partners in your decarbonisation journey
Westpac is an active participant in the ACCU (Australian Carbon Credit Unit) and REC (Renewable Energy Certificate) markets in Australia and NZU (New Zealand Units) market in New Zealand, helping customers access liquidity in an easy and efficient way.
How we can help
- Provide real time pricing to purchase or sell ACCUs, RECs or NZUs.
- Assist you with your risk management and funding strategy.
- Provide pricing for the sale or purchase to future delivery dates.
- Participate in the NZU auction on your behalf.
- Procure units or certificates which meet your specific needs, either for compliance or voluntary purposes.
Advantages of trading with Westpac
Our relationship with a wide range of institutional customers and developers provides access to a deep pool of liquidity helping you transact or manage your risk in carbon markets.
- If you are holding ACCUs or NZUs for future use, we can purchase those on a spot basis and sell them back to you forward, helping you manage your working capital.
- Quick, straight forward settlement and cash payment process.
- Surrender ACCUs on your behalf, instantly offsetting your emissions.
Note: Onboarding of new Westpac carbon customers is subject to Westpac’s onboarding process and may be subject to meeting minimum deal size requirements. For further information, questions or comments contact your Westpac Financial markets representative.
What are ACCUs, RECs and NZUs?
Latest articles on Westpac IQ
How carbon markets are rising to the net-zero challenge
The credibility of the Australian carbon market is growing as it continues to put in place the necessary integrity-enhancing infrastructure and governance, paving the pathway to realise some forecasts of Australia becoming one of the world’s largest producers of carbon credits.
Record issuance to cap ACCU prices?
Commodity Narratives - A detailed analysis of narratives that we are hearing in industrial commodity, energy and carbon markets.
Records keep falling in the ACCU market
Commodity Narratives - A detailed analysis of narratives that we are hearing in industrial commodity, energy and carbon markets.
Carbon Market insights
Counting the cost of carbon
Reforms to the nation’s Safeguard Mechanism are the latest tool in the Federal Government’s bid to achieve its 2030 and 2050 greenhouse gas emissions targets.
Safeguard Mechanism new rules snapshot
Significant structural changes are set to redefine carbon markets and pricing as part of Australia’s push for a more sustainable future.
Cheat sheet: Carbon trading in Australia and beyond
Given the global imperative to reach net-zero emissions, developing and implementing a robust transition presents an existential challenge for many organisations across Australia.