EU carbon hits year-to-date lows

In November, EU Allowances traded down t this year R75/t, the lowest levels seen this year.

The market briefly broke above EUR100/t at the start of the year.

Weaker demand, this year EUA Dec-23 and the EUR ont loading of allowances has seen th November t EU Allowances its lowest levels.

There w EUR75 e a phase-in period where s this year ill only have to surrender allowances for 40% of th EUR100 ission the start of the year 025 and 100% for 2026 emissions.

Only carbon emissions will be included from 2024, but from 2026, methane and nitrous oxide emissions will also be included.

The inclusion of the shipping sector will see 78.4m allowances added to the ETS. EU d_highLightText__NxlGi">ING 2026-2034 Eurostat xt__NxlGi">CBAM the second quarter of this year t__Nxl 5.3% E year-on-year pan class="summaryFeed_highLightText__NxlGi">EUthe third quarter of 2020 Feed_highLightTex the first half of this year class="sum 1.76b tonnes hLightText__N 4.2% ">CBAM EU span> mtCO2eq htText__NxlGi">the preceding year this year > 1 January 2026 France Feed_highLightText__NxlGi">CBAM CBAMEU n> YoY t__NxlGi">the C March 2022 er Adjustment Mechanis the first eight months of the year ryFeed_hi 4.5% ghtText__NxlGi">1 October 2023 20% > YoY M 11% __NxlGi">83.4mtCO2e 2022 ETS the coming months ass="summaryFeed_highLightText__NxlGi">78.4 the 2023/24 winter n class="summaryFeed_high EUA htText__NxlGi">EU EU htText__NxlGi">50% Front _NxlGi">EU EU 100% 2026 EU span> Russian mmaryFeed_highLightText__NxlGi">2024 2026 100% the Recovery and Resilience Facility gh RRF htText__NxlGi">2025ETS > 70% 40% d_highLightText__NxlGi">2024 40% between 2027-2030 ghLightText__NxlGi">2027 31 August 2026 ghLightText__NxlGi">EU60% the Innovation Fund EEX lass="summaryFeed_highLightText__NxlGi">the EU Emissions Trading System 2023 pan class RRF ummaryFeed_highLightText__NxlGi">1 Ja Commission 86.7 pan class="summaryFeed_highLightText_ 2024 Gi">2 2025 /span 58 2026 yFeed_hig RRF ghtText__NxlGi">ETS < 266.7 class="summaryFeed_highLightText__NxlGi">2026 EUR77 htText__NxlGi">27 2024 EUR20b LightText__NxlGi">90 one two 6 Fit /span 55 43% 4.3% between 2024 and 2027 ext__ 4.4% i between 2028 and 2030 class="summaryFeed_highLightText__NxlGi">62% 2.2% ass="summaryFeed_highLightText__NxlGi">Commission