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. (See here 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.
Capitalism vs. Communalism: I Just Spent 24 Hours in a Town That Pools All Their Possessions
Baby Concord and I drove nearly 1,000 miles before we entered the gates of the Bruderhof community in the village of Darvell, located on…