Dear Sir or Madam,
In our latest market news, we reported that Turkey is set to introduce a national emissions trading scheme, and now Brazil has also decided to introduce market-based pricing for greenhouse gas emissions from next year.
The scheme will begin with a reporting requirement for companies emitting more than 10,000 tonnes of CO2; from 25,000 tonnes onwards, companies will be required to reduce emissions or enter into offsetting arrangements within the trading system. A total of 17 economic sectors will be phased in over three stages in 2027, 2029 and 2031.
In Germany’s national emissions trading system, the final auction will take place next Wednesday with a price range of between 55 and 65 euros. The final 10,682,741 nEZ with the year code 2026 will be put up for auction, and one does not need to be a prophet to predict that the maximum price of 65 euros will be the result here too.
Last Wednesday, the total volume of bids fell by nearly 21 million to 508 million allowances; the number of bidders fell by four to 108. As a result, the allocation rate rose slightly to 2.1 per cent.
In the European Union Emissions Trading Scheme (EU ETS1), prices rose by 1.8 per cent last week despite a significant increase in fossil fuel prices, with the weekly high reaching 84.91 euros in the benchmark contract.
A total of 9,922,500 EUAs will be auctioned on four days this week on the EEX, as the Polish Wednesday auction is not taking place this week as per the regular schedule.
| Instrument | 28/08/26 | 04/09/26 | Change |
| EUA (December-2026-Future) | 82.73 EUR | 84.18 EUR | +1.45 EUR |
| EUA2 (December-2027-Future) | 66.55 EUR | 66.55 EUR | +0.00 EUR |
| nEZ26 (national German Emission Certificates) | 65.00 EUR | 65.00 EUR | +0.00 EUR |
| UKA (December-2026-Future (UK)) | 59.39 GBP | 59.73 GBP | +0.34 GBP |
| UK Natural Gas (December-2026-Future) | 169.38 GBP | 183.05 GBP | +13.67 GBP |
| ICE Brent Crude Oil (December-2026-Future) | 86.12 USD | 92.32 USD | +6.20 USD |
| EURO (Forex) | 1.1584 USD | 1.1614 USD | +0.0030 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