Dear Sir or Madam,
France has called the European Union for a price corridor for CO2 emissions trading in order to limit volatility driven by speculation while still being in line with the EU’s greenhouse gas reduction targets.
The French Minister for Ecology, Energy, Sustainable Development and the Sea, Agnès Pannier-Runacher, explained that companies should be given long-term price signals so that they can adapt and plan ahead.
On the other hand, the Berlin think tank Agora Energiewende is calling for a minimum price in the EU ETS II. In its recently published policy brief “Course to Goal Achievement”, Agora recommends a minimum price of 90 euros when the EU ETS II is introduced in 2027. The target price set by the EU is between 48 and 80 euros.
In addition, Agora repeatedly proposes paying a climate allowance of 120 euros per person from 2026, which should then be scaled according to income in subsequent years. At present, this would correspond to about half of the revenue from national emissions trading system in Germany.
So far, however, there has been no information regarding the climate allowance in the current German coalition negotiations between the CDU/CSU and SPD.
Under pressure from further falling gas prices, the price of EU ETS emission allowances fell back below the 70 euro mark last week and ended the week down 3.7% on Friday.
Last Thursday, EUAs broke through the 200-day-line and moved towards the strong support level described in the last market report at just over 68 euros. On Friday, this technical support also held and the price recovered slightly to a closing price of 68.80 in the benchmark contract.
This week, auctions will be held on all five trading days on the EEX, with a total of 13,417,000 EUAs being auctioned.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 21/03/25 | 28/03/25 | Change |
| EUA (December-25-Future) | 71.45 EUR | 68.80 EUR | -2.65 EUR |
| nEZ (national Emission Allowances (D)) | 55.00 EUR | 55.00 EUR | +0.00 EUR |
| UKA (December-25-Future (UK)) | 46.24 GBP | 44.59 GBP | -1.65 GBP |
| UK Natural Gas (December-25-Future) | 109.03 GBP | 104.98 GBP | -4.05 GBP |
| ICE Brent Crude Oil (December-25-Future) | 69.05 USD | 69.62 USD | +0.57 USD |
| EURO (Forex) | 1.0816 USD | 1.0829 USD | +0.0013 USD |
(EUA. 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.
With kind regards,
Your Advantag – Team