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Australia’s ACCU CAC deliveries near 400,000 in Dec
Australia’s ACCU CAC deliveries near 400,000 in Dec
Sydney, 23 January (Argus) — Australia's carbon abatement contract (CAC) holders delivered almost 400,000 Australian Carbon Credit Units (ACCUs) to the federal government in December 2025, driving the strongest quarterly increase in the country's cost containment mechanism in more than a year. A total of 39 CAC holders delivered 380,528 ACCUs to the Clean Energy Regulator (CER) to fulfill contract commitments with the Commonwealth, according to an Argus analysis of the latest update to the CAC register published by the CER this week. Separate rounded quarterly data published by the CER this week show that ACCU holdings in its cost containment mechanism rose by around 0.4mn to approximately 4.8mn in October-December 2025 — the highest increase for any quarter since the third quarter of 2024. All ACCUs delivered to the CER under the CACs since January 2023 have been held in the cost containment mechanism, which can only be accessed by facilities under the country's safeguard mechanism at fixed prices that rise each year, starting at A$75/t CO2e ($51.10/t CO2e) for the 2023-24 year and at A$82.68/t CO2e for 2025-26 — levels not expected to be recorded in the secondary market within the next few years. Largest deliveries Australia's largest landfill gas operator LMS Energy delivered the highest volume to the CER in December, with 78,321 ACCUs from three separate CACs, while EDL Energy was also among the holders with the largest deliveries ( see chart ). LMS Energy had led ACCU issuances in December at 176,687 units, while EDL Energy received 83,911 ACCUs. The CER in early December announced a long-awaited decision offering a voluntary permanent exit arrangement for fixed delivery CACs. Holders of nearly 300 active CACs with a combined remaining volume of around 84mn ACCUs will need to deliver at least 25pc of the outstanding volume of ACCUs under their contracts as of 1 January 2025 to be eligible for a 60pc discount on their exit payment. This would then allow them to sell the remaining 75pc contracted volume elsewhere, potentially unlocking up to more than 60mn ACCUs into the secondary market within the next five years. The news sparked uncertainties in the market , with some participants expecting potentially more supply constraints in the near and medium-term because some CAC holders may decide to fill the minimum 25pc requirement as soon as possible to exit their contracts. This could lead to a lower share of ACCU issuances going to the market, driving prices up, market participants noted. Argus assessed generic ACCU prices at A$37.50/t CO2e on 23 January, up by A$0.50/t CO2e on the week, on the back of increased buying ahead of the safeguard surrender deadline of 31 March 2026. By Juan Weik CAC deliveries December 2025 ACCUs CAC holder Delivery LMS Energy 78,321 Rangeland Red 44,016 SLM (ALF) GARRAWIN 35,404 Karen Bailey; Charles Bailey 19,970 EDL Projects (Australia) 18,769 Urana Carbon Farming 17,474 Raymond Taylor 17,447 Colm Dempsey 14,335 HALO NATURE RESERVES 8,882 Breakaway Pastoral 8,571 Others 117,339 Total 380,528 —CER Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
SSAB to supply decarbonised steel to Rheinmetall
SSAB to supply decarbonised steel to Rheinmetall
London, 22 January (Argus) — Swedish steelmaker SSAB has signed a preliminary agreement with German defence manufacturer Rheinmetall to supply decarbonised steel. The deal makes Rheinmetall the first defence producer to use decarbonised steel in its manufacturing. The timing of the first shipments has not been set, but implementation planning is under way, SSAB told Argus . "We can already deliver SSAB Zero, so it is now a question of us planning for the implementation," SSAB head of sustainability Thomas Hornfeldt said. "The agreement entered with Rheinmetall is a strategic agreement and thus longer term," he added. Rheinmetall will initially receive SSAB Zero steel, which is a scrap-based steel produced using fossil fuel-free electricity, SSAB said. Deliveries will ramp up over time and later include material based on SSAB's HYBRIT process, which uses hydrogen-reduced sponge iron. SSAB received a €128mn ($139mn) grant from the European Commission in 2024 to support its transition from coal-based steel production at its Lulea site to what the commission described as a nearly zero-emission system. The company plans to install an electric arc furnace (EAF) using hydrogen-based direct reduced iron. In 2025, SSAB postponed the transformation by a year because of delays in securing sufficient electricity supply, but said in April that it will still proceed with installing the EAF to replace the site's sole blast furnace. The unit had been expected to start up in 2028 and reach full capacity in 2029. Another Swedish low-carbon steelmaker, Stegra, is also progressing commercial agreements , having pre-sold just over half of its planned 2.5mn t/yr output ahead of first deliveries in 2027. The company has signed multi-year deals with customers including German firm Thyssenkrupp Materials Processing Europe, Italy's Marcegaglia and several German manufacturers. By Elif Eyuboglu Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Wind, solar output cover 30pc of 2025 EU power: Ember
Wind, solar output cover 30pc of 2025 EU power: Ember
London, 22 January (Argus) — Wind and solar generation accounted for a record 30.1pc of EU electricity last year, surpassing fossil fuels' 29pc share for the first time, think-tank Ember's latest European electricity report shows. Record growth in solar output drove the increase, reaching 369TWh in 2025, up by over 20pc on the year. Coal-fired generation fell to a new historic low last year, accounting for less than 10pc of the EU power mix. But weaker hydro output last year drove an increase in gas-fired generation in 15 of the 27 EU countries, leading to price spikes in power markets. The EU remains exposed to LNG dependency on the US, threatening security of supply in the region, despite having agreed to ban gas imports from Russia by the end of 2027. Focusing on battery energy storage systems (Bess) and demand flexibility can tackle the issue and stabilise prices through time shifting, the report said. Bess could cover a quarter of Italian evening peak demand by 2030 Italy is one of the Bess leaders in the EU, with a 6.4GW pipeline hosting about 1.9GW of large batteries. And 10GW of new Bess projects are currently under construction or have already been authorised. Large-scale Bess in Italy discharged an average of 1.1GW over 19:00-20:00 last September, covering just 3pc of electricity demand in that hour, compared with a 52pc share for fossil fuels. Total battery capacity could increase nearly sixfold as new projects come on line. This increased capacity could enable batteries to supply a larger share of peak-hour demand, helping to reduce the country's dependence on gas-fired generation and lower wholesale prices. Italian batteries could contribute to 22pc of the country's evening peak demand by 2030 if its pipeline progresses at the same rate as California's did in the past four years. By Ilenia Reale Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Trump withdraws EU, UK tariff threat
Trump withdraws EU, UK tariff threat
Washington, 21 January (Argus) — President Donald Trump said Wednesday he will not proceed with plans to impose a 10pc tariff on imports from the UK and seven EU members over their position on US ownership of Greenland, averting a possible tariff war with Europe. Trump, writing via his social media platform, explained his decision by having reached the "framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region." Trump is in Davos, Switzerland, where he met with Nato secretary general Mark Rutte and delivered a rambling speech to explain his motivation for trying to annex Denmark's Greenland territory. Trump and the White House did not provide details of a possible deal. Trump on 17 January threatened to impose an additional 10pc tariff on US imports from the UK, Denmark, Finland, France, Germany, The Netherlands, Norway and Sweden. Those countries pushed back on his Greenland plans and sent a military mission to the Arctic island to examine its security needs. Trump also said he tasked vice president JD Vance, secretary of state Marco Rubio and special presidential envoy Steve Witkoff with negotiating the placement of the so-called Golden Dome missile defense network in Greenland. Trump's threats to annex Greenland and to impose tariffs on European countries that pushed back against his plans sent US stock and financial markets lower on Tuesday, out of concern that a tariff war may erupt between the US and the EU. The European parliament was preparing to freeze work on implementing laws for the EU-US trade deal agreed to last summer. Stock and financial markets bounced back after Trump earlier Wednesday appeared to have ruled out the use of military force to take over Greenland, with further gains after he said he would not proceed with tariffs. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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