Dear Sir or Madam,
The European Commission plans to allocate €5.2 billion from the European Emissions Trading System (EU ETS) to projects in the so-called Innovation Fund. €2.9 billion is earmarked for net-zero technologies, €1.3 billion for the third hydrogen bank auction and €1.0 billion for the decarbonisation of industrial process heat. The aim is to strengthen the competitiveness of European industry in the field of clean technologies.
Funding will be provided for particularly innovative projects such as components for renewable energies, energy storage, heat pumps, hydrogen production and electric vehicle batteries. Clean hydrogen projects that replace fossil fuels in heavy industry and transport will also be supported. The auctions target the production of green or low-carbon hydrogen and the decarbonisation of industrial process heat, which accounts for a large proportion of industrial emissions.
The EU Innovation Fund is a key funding instrument for low-carbon technologies with a budget of around €40 billion. To date, over 275 projects have been funded with a total of €15.8 billion.
Last week, prices in the EU ETS ranged between €81.22 and €83.37 in the December 2025 benchmark contract, which expires in a week. On a weekly closing basis, EUAs thus fell by a moderate 1.5%.
A total of 13,666,000 EUAs will be auctioned on the Leipzig based Energy Exchange EEX on all five trading days this week, representing an increase of 18.9% compared to last week.
Next Monday, the last auction of 2025 under the EU ETS will take place here, with a supply volume of 3,273,000 allowances from the EU quota.
The last regular auction in Germany’s national emissions trading scheme, on the other hand, took place last Thursday, and it is advisable to leave the allowances in the registry account on 31 December 2025 in order to be able to purchase any allowances that may still be needed next year under the 10% top-up rule.
To this end, the EEX has scheduled weekly auctions on Tuesdays starting on 13 January 2026. From 1 to 17 September 2026, these will take place on Tuesdays and Thursdays as before.
| Instrument | 28/11/25 | 05/12/25 | Change |
| EUA (December-25-Future) | 83.26 EUR | 81.98 EUR | -1.28 EUR |
| EUA2 (December-28-Future) | 72.61 EUR | 71.42 EUR | -1.19 EUR |
| nEZ25 (national Emission Allowances (D)) | 55.00 EUR | 55.00 EUR | +0.00 EUR |
| UKA (December-25-Future (UK)) | 58.28 GBP | 56.10 GBP | -2.18 GBP |
| UK Natural Gas (December-25-Future) | 75.67 GBP | 70.95 GBP | -4.72 GBP |
| ICE Brent Crude Oil (Januar-26-Future) | 63.20 USD | 63.75 USD | +0.55 USD |
| EURO (Forex) | 1.1598 USD | 1.1644 USD | +0.0046 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.)
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With kind regards,
Your Advantag – Team