GGCS – RGGO demand continues strong run

RGGO market activity remained strong in the second quarter of 2026, with retirement levels, vintage availability, and cross-border cancellations continuing to shape market conditions.

The latest data shows how demand is developing across domestic and international channels, alongside changes in the composition of active RGGOs and the transition to the current production year. These developments also provide important context for recent spot price movements and expectations for the coming quarter.

This market update examines the latest retirement and cancellation data, shifts in traded vintages, and the evolving sources of demand across key European markets.