Dear Sir or Madam,
In future, it will be permitted to reduce unavoidable CO2 emissions by capturing and permanently storing them in the seabed. The German Federal Cabinet has passed two draft bills to create the legal basis for CCS (carbon capture and storage) technologies, as announced last week by the German Federal Ministry for the Environment, Climate Protection, Nature Conservation and Nuclear Safety.
The Cabinet’s decision has two objectives: Firstly, an amendment to Article 6 of the London Protocol is to be ratified so that Germany can export CO2 abroad for storage. On this basis, bilateral agreements on the export of CO2 can also be concluded. In addition, it will be possible in future to store CO2 both in the German subsoil of the exclusive economic zone (EEZ) and on the continental shelf.
The Carbon Dioxide Storage Act, which was passed in August 2025, places a particular emphasis on the protection of marine protected areas: the injection of CO2 under these areas and in an eight-kilometre-wide buffer zone is prohibited. The same applies to the so-called coherence protection area south of the ‘Sylt Outer Reef/Eastern German Bight’ nature reserve. Furthermore, the rock layers intended for storage must not lie below protected marine areas.
Industrial companies that can make use of storage benefit simply from the fact that they do not have to purchase emission allowances in the EU ETS for the quantities of CO2 captured and stored via CCS and can, if necessary, sell allowances allocated free of charge at a profit.
Last week, EU emission allowances briefly exceeded the €80 mark on Monday and tested it again on Friday. On a daily closing basis, the EUAs in the benchmark contract were also unable to remain above this psychologically important mark. The trading range for the last trading week was between €77.90 and €80.37.
If the bulls prevail this week, the next relevant technical resistance level would be in the region of 83 euros. If the 80-euro barrier cannot be broken on a daily closing basis, the next support level would be in the region of 76 euros. Meanwhile, the 200-day line is at 71.93 and the 38-day line rose to 76.40 euros.
This week, 13,657,500 EUA will be auctioned on all five trading days at the Leipzig EEX.
| Instrument | 03/10/25 | 10/10/25 | Change |
| EUA (December-25-Future) | 79.16 EUR | 79.68 EUR | +0.52 EUR |
| EUA2 (December-28-Future) | 87.13 EUR | 87.66 EUR | +0.53 EUR |
| nEZ25 (national Emission Allowances (D)) | 55.00 EUR | 55.00 EUR | +0.00 EUR |
| UKA (December-25-Future (UK)) | 57.02 GBP | 55.53 GBP | -1.49 GBP |
| UK Natural Gas (December-25-Future) | 83.10 GBP | 84.22 GBP | +1.12 GBP |
| ICE Brent Crude Oil (December-25-Future) | 64.53 USD | 62.73 USD | -1.80 USD |
| EURO (Forex) | 1.1743 USD | 1.1623 USD | -0.0120 USD |
(EUA, EUA2, 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