4. Voluntary market demand
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Key messages
- Demand for domestic units and certificates in the voluntary market has seen rapid growth in 2021, reaching a total of 2.7 million at the end of Q3 – up 22% from the 2.2 million cancelled over the same period in 2020
- LGC cancellations totalled 2.1 million at the end of Q3, up 24% from the 1.7 million cancelled over the same period last year. The ACT government’s cancellation of 2.2 million is additional to this.
- ACCU cancellations totalled 622,000 units, up 15% from 537,000 units over the same period last year.
- International units continue to dominate the voluntary market with volume of Certified Emissions Reduction (CER) units cancelled in ANREU in 2021 totalling 8.7 million at the end of Q3, more than double the volume cancelled over the same period in 2020.