Author: advantag

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Emissions Trading / Carbon Market News (22/09/2025)

Dear Sirs and Madams,

With the UN Climate Change Conference just a few months away, EU member states have now agreed in the Council of Europe to reduce their greenhouse gas emissions by 66.25 to 72.5 per cent by 2035 compared to 1990 levels. Climate Commissioner Hoekstra describes this as internationally ambitious. The figures are based on existing targets.

The EU Commission is also working on a draft price cap for EU ETS2 emissions trading for heating and fuels, based on an initiative by Czechia and other countries.

Czech Prime Minister Fiala sees this as a success for the initiative, but emphasised that he wanted to prevent emissions trading in these areas altogether, although no majority was reached, as he told CNN.

The architecture of the EU ETS2 as envisaged so far is therefore by no means as secure as the EU had originally imagined. Legislators need to act swiftly here, as the trading system is due to start in just 15 months.

Last Thursday, the final auction for 2024 national emission allowances (nEZ24) took place on the EEX. Due to the end of the submission deadline at the end of the month, companies should now have purchased all certificates in order to avoid penalties of €100 per nEZ24 not submitted. These penalties are payable in addition to the certificate prices.

In the last trading week, European emission allowances in the EU ETS1 were bullish again, moving along an upward trend line that had formed since the end of August towards €80. On a weekly closing basis, EUAs closed with a gain of 2.3%.

Here, too, the deadline for compliance is 30 September 2025, and the penalties are also an additional €100 per EUA not surrendered. As prices are not expected to fall significantly by the end of the month, it is advisable to stock up on any EUAs still required in good time so that they are available for surrender on time.

Due to the biweekly absence of the Polish Wednesday auction, 2,162,500 EUAs, or 15.8% fewer certificates, will be auctioned this week than in the previous week.

UPCOMING DATES

30/09/2025End of the submission period for German national emission allowances (nEZ24) for year 2024
30/09/2025End of the submission period for European emission allowances (EUA/EUAA) for the year 2024
04/12/2025Last auction for German national emission allowances in 2025 (nEZ25)
15/12/2025Last auction for European emission allowances (EUA) in 2025
07/01/2026First auction for European emission allowances (EUA) in 2026
Instrument12/09/2519/09/25Change
EUA (December-25-Future)75.77 EUR77.55 EUR+1.78 EUR
EUA 2 (December-28-Future)88.52 EUR90.42 EUR+1.90 EUR
nEZ25 (national Emission Allowances (D))55.00 EUR55.00 EUR+0.00 EUR
UKA (December-25-Future (UK))56.11 GBP57.60 GBP+1.49 GBP
UK Natural Gas (December-25-Future)88.26 GBP87.68 GBP-0.58 GBP
ICE Brent Crude Oil (December-25-Future)66.54 USD66.04 USD-0.50 USD
EURO (Forex)1.1733 USD1.1746 USD+0.0013 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

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Sparkasse Munsterland Giro

Geldern, 19 September 2025

  • Gerd Bloemen from Geldern is here at the start for Cycle Club Advantag
  • On 3 October, all expectations will already have been exceeded
  • A new record edition is on the cards with 7,500 participants

A holiday on two wheels: on 3 October, German Unity Day, the Provinzial Insurance Cup will take cyclists on a varied 95-kilometre route through the heart of the Munsterland region. Starting at the historic Prinzipalmarkt, the route leads via Sendenhorst and Telgte on a 65-kilometre loop – past fields, villages and the Rieselfelder near Münster. The final entrance against the backdrop of the castle is the emotional highlight: here, spectators cheer on the athletes as they cross the finish line. Whether you’re aiming for a personal best or simply enjoying the route, this course has it all.

In between is the Provinzial Insurance Cup over 95 kilometres – a balanced mix of entry-level and long-distance cycling, which has proven to be a favourite with over 3,000 registrations.

The 95-kilometre route is very flat, and I expect the pace to be hellish from the start. To get a place on the podium in the Masters 5 age group, an average speed of 38-40 km/h is required.

For this reason, the Gelderner cyclist has trained extensively in the threshold range to achieve the necessary racing toughness. It is also the end of the season for Gerd Bloemen.

Gerd Bloemen will be competing in this cycle race for ‘Cycle Club Advantag’, where he has long been supported by Gelderner Advantag GmbH.

About ADVANTAG GmbH

Advantag GmbH has specialised in trading market-based climate protection instruments for more than 15 years and offers its customers tailor-made solutions in the area of individual mandatory and voluntary markets. Among other things, Advantag is an intermediary (broker dealer) in the mandatory European Emissions Trading Scheme (EU ETS), the national German emissions trading scheme under the Fuel Emissions Trading Act (BEHG), the trading of emissions allowances for international aviation (CORSIA), the trading of guarantees of origin (HKN) for green electricity and the trading of F-gas quotas. Advantag holds exchange memberships on various trading venues for market-based climate protection instruments.

Press contact

Advantag GmbH

Glockengasse 5

47608 Geldern

Telephone: +49 2831 1348220

Email: presse@advantag.de

Homepage: www.advantag.de

Posted on

IBAN verification for transfers from October

Dear Sir or Madam,

From October 2025, banks will be legally obliged to check whether the name of the payee matches the holder of the IBAN recipient account before releasing a transfer.

These changes particularly affect companies that make or receive bank transfers. The focus here is on the so-called IBAN verification with the payee for SEPA payments (Verification of Payee).

Verification of Payee is a procedure for checking account information before executing a SEPA transfer, which ensures that

  • the account holder name specified in the IBAN (International Bank Account Number) correctly matches the name of the payee,
  • incorrect transfers due to incorrect information are avoided, and
  • attempts at fraud can be detected at an early stage.

This procedure is being introduced as mandatory for all SEPA payments in Europe.

Due to this new regulation, the bank is liable in the event of an incorrect transfer if the IBAN and the recipient’s name do not match.

If the IBAN and account number do not match due to incorrect information provided by the payer, the payer is liable; this also applies to minor discrepancies.

When making payments to our bank account, the following details must therefore be provided in order to avoid problems with payment transactions:

Payee: Advantag GmbH

IBAN: DE68 4306 0967 1341 7260 01

BIC: GENODEM1GLS

Bank: GLS Gemeinschaftsbank eG

Address: Christstraße 9, 44798 Bochum

Only by providing the correct recipient name and IBAN/BIC can we guarantee that payments will be received by us from 1 October 2025.

We are happy to assist you with any questions you may have in this regard.

Kind regards,

Advantag GmbH

Posted on

Emissions Trading / Carbon Market News (15/09/2025)

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

18/09/2025Last auction date for national emission allowances (nEZ24) on the EEX with the year identifier 2024 at a price of €45.00
30/09/2025End of the submission period for German national emission allowances (nEZ24) for year 2024
30/09/2025End of the submission period for European emission allowances (EUA/EUAA) for the year 2024
04/12/2025Last auction for German national emission allowances in 2025 (nEZ25)
15/12/2025Last auction for European emission allowances (EUA) in 2025
07/01/2026First auction for European emission allowances (EUA) in 2026
Instrument05/09/2512/09/25Change
EUA (December-25-Future)76.04 EUR75.77 EUR-0.27 EUR
EUA 2 (December-28-Future)89.64 EUR88.52 EUR-1.12 EUR
nEZ25 (national Emission Allowances (D))55.00 EUR55.00 EUR+0.00 EUR
UKA (December-25-Future (UK))56.12 GBP56.11 GBP-0.01 GBP
UK Natural Gas (December-25-Future)87.14 GBP88.26 GBP+1.12 GBP
ICE Brent Crude Oil (December-25-Future)65.11 USD66.54 USD+1.43 USD
EURO (Forex)1.1719 USD1.1733 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

Posted on

Emissions Trading / Carbon Market News (08/09/2025)

Dear Sir or Madam,

In 2024, Germany emitted 4.4 million tons of CO2 or its equivalents in other greenhouse gases (CO2e) more than would have been permitted under the European Climate Protection Regulation.

The goal of the Climate Protection Regulation is European climate neutrality by 2050, with an initial interim step being a 40% reduction in all emissions in the EU by 2030 compared to 2005, the start of EU emissions trading.

As Germany still has a lot of catching up to do in the building and transport sectors, national emissions trading (nEHS) was introduced in 2021 with the Fuel Emissions Trading Act, which is set to replace the fixed price phase for the first time next year with a trading margin of between €55 and €65, and will be replaced by the new EU Emissions Trading System 2 (EU ETS2).

Last week, the Federal Environment Agency published a partial report on an analysis of the implementation of the price corridor in the nEHS in 2026. The Öko Institute and Fraunhofer Institute for Systems and Innovation Research ISI were commissioned to carry out this analysis.

The specific aim was to clarify the issue of the fixed price phase, namely whether continuing the fixed price phase in 2026 would make sense from an economic perspective and whether the administrative effort involved in changing the system for just one year would be justified.

The scientists came to the conclusion that it was likely that the obligated companies would calculate with 65 euros in the sense of conservative hedging and pass these prices on to their customers.

Ultimately, the study concluded that continuing the fixed price phase for one year in 2026 would make sense from an economic, distributional policy, and administrative perspective and should definitely be considered. The expected shortage in the nEHS and EU ETS2 as well as modelling results on expected prices would argue in favour of a fixed price at the upper end of the price corridor of €65 per nEZ26.

The likelihood of the fixed price phase continuing at a price of €65 per ton of CO2 in the coming year has increased accordingly as a result of the study’s findings.

Prices in the EU ETS1 have been noticeably bullish over the past week, as market participants are focused on the end of the submission deadline for 2024.

After overcoming technical resistance, EUAs rose by 4.2% based on weekly closing prices and closed above the €76 mark in the December 2025 benchmark contract, where the upward trend stopped at another technical resistance line located in this area.

If the EUAs overcome this, for which there are good reasons, the next relevant technical resistance would be just below the €82 mark. If the current resistance proves too strong, the price would find its next support lines in the range around €74.00, €72.50, and €70.95.

The Leipzig-based EEX is offering four auctions this week with a total of 11,495,000 EUAs, which represents a 15.8% decline in auction volume compared to last week.

UPCOMING DATES

18/09/2025Last auction date for national emission allowances (nEZ24) on the EEX with the year identifier 2024 at a price of €45.00
30/09/2025End of the submission period for German national emission allowances (nEZ24) for year 2024
30/09/2025End of the submission period for European emission allowances (EUA/EUAA) for the year 2024
04/12/2025Last auction for German national emission allowances in 2025 (nEZ25)
15/12/2025Last auction for European emission allowances (EUA) in 2025
07/01/2026First auction for European emission allowances (EUA) in 2026
Instrument29/08/2505/09/25Change
EUA (December-25-Future)72.53 EUR76.04 EUR+3.05 EUR
EUA 2 (December-28-Future)88.24 EUR89.64 EUR+1.00 EUR
nEZ25 (national Emission Allowances (D))55.00 EUR55.00 EUR+0.00 EUR
UKA (December-25-Future (UK))52.19 GBP56.12 GBP+2.98 GBP
UK Natural Gas (December-25-Future)91.78 GBP87.14 GBP+0.75 GBP
ICE Brent Crude Oil (December-25-Future)66.77 USD65.11 USD-1.78 USD
EURO (Forex)1.1720 USD1.1719 USD+0.0034 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