The European lead contract for CO2 allowances (EUA) rose significantly over the course of the week today, reaching its highest level in seven months. The new EUA December 2025 CO2 lead contract was last quoted at EUR 78.10 per tonne, an increase of EUR 4.06 compared to last Friday's settlement price. In 2024, the contract traded at an average of EUR 66.53 per tonne.

A key driver of the recent price rally was the rising gas prices on the Dutch lead market TTF, which influenced the demand for CO2 certificates. Nevertheless, a correction in the EUA price is considered likely in the coming week.