Dear Sir or Madam,
Last week, Munich hosted the IAA, where manufacturers from all over the world presented their latest vehicles and studies. Most of these were electric vehicles, which are showing ever-improving charging performance and range.
This once again sparked the debate as to whether a ban on combustion engines is the right way forward.
Given that CO2 pricing for the transport sector in Germany is now in place through the national emissions trading scheme, which is to be introduced across the EU in 2027, the question arises as to whether this is necessary.
CO2 pricing and the incipient shortage of certificates, which should go hand in hand with the promotion of electric mobility, make the ban on combustion engines obsolete. Anyone who can use a calculator will come to the conclusion that driving a combustion engine is simply financially unattractive and becoming increasingly expensive.
And the few who are financially unaffected should still be allowed the pleasure of being overtaken by an electric car, which costs only a fraction of the price, in their expensive petrol super sports car.
At the beginning of last week, prices in the EU ETS1 moved above an important resistance line towards €78, but by Wednesday there was not much momentum left in the market and on Thursday profits were taken.
The EEX is also auctioning a total of 13,657,500 EUAs on all five trading days this week, which corresponds to an increase of 18.8% compared to the previous week.
Please note: This week, on Tuesday and Thursday, the last auctions for German national emission allowances under the BEHG with the annual identifier 2024 (nEZ24) will take place. Accordingly, all companies subject to the levy that still have a requirement should contact us as soon as possible in order to participate in the auctions under the 10% rule or to cover any additional requirements on the OTC market.
UPCOMING DATES
| 18/09/2025 | Last auction date for national emission allowances (nEZ24) on the EEX with the year identifier 2024 at a price of €45.00 |
| 30/09/2025 | End of the submission period for German national emission allowances (nEZ24) for year 2024 |
| 30/09/2025 | End of the submission period for European emission allowances (EUA/EUAA) for the year 2024 |
| 04/12/2025 | Last auction for German national emission allowances in 2025 (nEZ25) |
| 15/12/2025 | Last auction for European emission allowances (EUA) in 2025 |
| 07/01/2026 | First auction for European emission allowances (EUA) in 2026 |
| Instrument | 05/09/25 | 12/09/25 | Change |
| EUA (December-25-Future) | 76.04 EUR | 75.77 EUR | -0.27 EUR |
| EUA 2 (December-28-Future) | 89.64 EUR | 88.52 EUR | -1.12 EUR |
| nEZ25 (national Emission Allowances (D)) | 55.00 EUR | 55.00 EUR | +0.00 EUR |
| UKA (December-25-Future (UK)) | 56.12 GBP | 56.11 GBP | -0.01 GBP |
| UK Natural Gas (December-25-Future) | 87.14 GBP | 88.26 GBP | +1.12 GBP |
| ICE Brent Crude Oil (December-25-Future) | 65.11 USD | 66.54 USD | +1.43 USD |
| EURO (Forex) | 1.1719 USD | 1.1733 USD | +0.0014 USD |
(EUA, EUA 2, UKA, Natural Gas, Crude Oil and Euro Currency shows day-end-exchange quotes of the benchmark contract. This market information has just an informational character and are no advice or offer to trade emission allowances or their futures and options. If you want to unsubscribe, please reply to this mail.)
Please call our international carbon desk if any further questions exist: +49.2831.1348220 or book here a call with one of our specialists.
With kind regards,
Your Advantag – Team