2025 EU ETS Year in Review: Turnover reaches all-time high

A strong rally in the second half of 2025 lifted the average price to €75/t, up 12% from 2024. Traded volumes decreased 5%. Turnover reached €845 billion, a 8% increase. The EUA actions generated €43 billion, 11% more than in 2024. Some 56% of that was allocated to the member states’ governments, with the rest shared among various instruments, including the new Social Climate Fund. Looking at the emissions covered under ETS1, we see that industrial plants’ output of GHG dropped 3.2%, while power sector emissions were flat. Among the fossil fuels, gas emissions were up, hard coal and lignite were down.