Dear Sir or Madam,
The old year seems to have flown by and here we are in 2025.
But what’s new in the field of carbon emissions trading? The price per tonne of CO2 in the national German emissions trading scheme has risen from 45 to 55 euros net, an increase of 22.22% after a 50% increase in the previous year.
In addition, due to the new elections in Germany on 23 February 2025, the start of auctions in national emissions trading has been postponed from mid-January to the second quarter of 2025; it will probably not be possible to participate in an auction here before May. We will keep you informed.
In the EU Emissions Trading System (EU ETS), however, auctions will resume tomorrow and a total of 10,170,500 EUAs from the contingents of the EU, Poland and Germany will be auctioned on all remaining trading days this week.
But there is also a lot going on in emissions trading outside the EU. Dubai is introducing a digital platform for aviation emission certificates (CORSIA) and since the United Arab Emirates also wants to be climate neutral by 2050, a reporting requirement will come into force in May for companies that emit more than 500,000 tonnes of CO2. This is intended to be a preliminary stage for an emissions trading system that follows the EU’s cap-and-trade mechanism.
In the aforementioned election campaign in Germany, some parties want to blame the miserable economic situation in Germany on climate protection. Professor Ottmar Edenhofer, climate economist and director of the Potsdam Institute for Climate Impact Research (PIK), has clearly shown that this is not the case.
In an interview with the Neue Osnabrucker Zeitung, he explained that a quarter of all global emissions are already priced and that 30% of the world’s regions have managed to decouple their economic growth from emissions growth.
In the new year, prices for greenhouse gas emissions in the EU ETS rose significantly again. Based on the weekly closing prices, the benchmark future for December 2025 rose by a further 6% over the four trading days, with EUAs managing to return above the 75-euro mark.
The reasons for this included a rise in the gas price due to the alleged intentional destruction of the Estlink2 power cable and the restart of auctions this week on the EEX.
If you need the year-end-quotes 2024 for your bookkeeping, you can find it on our website.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 27/12/24 | 03/01/25 | Change |
| EUA (December-2025-Future) | 71.56 EUR | 75.94 EUR | +4.38 EUR |
| VER (Natural Carbon Offsets) | 0.44 USD | 0.40 USD | -0.04 USD |
| VER (CORSIA eligible Carbon Offsets) | 0.40 USD | 0.44 USD | +0.04 USD |
| nEZ (German National Carbon Units) | 45.00 EUR | 55.00 EUR | +10.00 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 73.80 USD | 76.88 USD | +3.08 USD |
| EURO (Currency.. Forex) | 1.0421 USD | 1.0307 USD | -0.0114 USD |
(The VER quotes are average rates (carboncredits.com), which can be used within the framework of CORSIA and voluntary carbon offsetting. EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights 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.
With kind regards,
Your Advantag – Team