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EU ETS auctions

EU carbon price in 2025

EU carbon allowances averaged €73.43 per tonne at auction in 2025, +13% on 2024. Prices ranged from €59.76 to €84.60 across 213 auctions.

Average

€73.43

Low

€59.76

High

€84.60

Auction revenue

€43.2bn

Every EU carbon auction in 2025

€50€60€70€80€907 Jan 20254 Mar 20255 May 20257 Jul 20251 Sept 202527 Oct 202515 Dec 2025

Highest clearing price: €84.60 on 15 December 2025. Lowest: €59.76 on 7 April 2025.

Monthly averages, 2025

MonthAverageLowHighAuctions
January 2025€75.86€70.01€81.5717
February 2025€75.82€69.96€81.2718
March 2025€68.71€66.58€71.5619
April 2025€64.11€59.76€68.6218
May 2025€70.37€66.64€72.9415
June 2025€72.08€68.95€75.3618
July 2025€70.01€68.73€72.0020
August 2025€70.92€69.52€72.1819
September 2025€75.45€73.14€77.5320
October 2025€77.96€74.30€79.2221
November 2025€80.64€79.30€82.6018
December 2025€82.74€81.39€84.6010

Source: EEX EU ETS primary market auction report 2025. Averages are volume weighted. Aviation allowance auctions are excluded.