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Australian carbon prices crash below AU$50 amid global market uncertainty

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As uncertainty grips global energy markets, Australian Carbon Credit Units have seen their first continuous drop in value in over a year, with the price ending on Thursday at AU$46.75 per tonne, down nearly 20% from the all-time highs achieved in January.

Over the past few years, a rising number of corporate polluters scale up commitments to decarbonization and set their own zero emission goals, driving up demand for locally generated carbon credits.

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