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Germany2025-09de

Umsetzung des Preiskorridors im nationalen Emissionshandel (nEHS) im Jahr 2026

Summary

Germany's national emissions trading system (nEHS) faces challenges in achieving efficient price formation in 2026, particularly given its transition to the EU-ETS 2 in 2027 and the risk of price disparities favoring regulated entities over end consumers. This study proposes detailed designs for auctions and sales phases, while strongly recommending that the fixed-price phase continue for 2026 at a rate of 65 EUR/nEZ due to administrative efficiency and market conditions. The planned measures aim to ensure a fair and effective carbon pricing mechanism during this critical transitional year.

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