Nachfrageanstieg treibt THG-Zertifikatspreise

Spanish Market: Biofuels, Emissions, Oil products
08/01/26

Die Preise für Zertifikate zur Erfüllung der Treibhausgasminderungsquote steigen seit Jahresbeginn an. Hintergrund ist die Rückkehr großer Verpflichteter auf den Markt.

Seit dem 2. Januar ist der Preis für THG-Zertifikate der Kategorie "Andere" für das Verpflichtungsjahr 2026 um über 75 €/t CO2e angestiegen und hat damit die Marke von 500 €/tCO2e überschritten. Zuvor stieg der Preis zum Jahreswechsel bereits um fast 200 €/t CO2e, da durch Änderungen der jeweils gültigen Zertifikate, und insbesondere durch die Abschaffung der Doppelanrechnung, die Zertifikate für 2026 deutlich höher gehandelt werden, als jene für 2025. Dass der Preis auch nach dem Jahreswechsel weiter anstieg liegt daran, dass seit dem 5. Januar wieder mehr Käufer — insbesondere große verpflichtete Unternehmen wie Ölkonzerne — am Markt aktiv sind, während das Angebot begrenzt ist. Manche Marktteilnehmer erwarten, dass der Preis sich weiter der Pönale von 600 €/tCO2e annähern wird. Diese wird fällig, sollten verpflichtete Unternehmen nicht genügend THG-Minderungen erzielen, um die Quote zu erfüllen.

Jedoch dämpfen sinkende HVO-Prämien den weiteren Anstieg der Preise für THG-Zertifikate, da niedrigere Biokraftstoffpreise die Erfüllungskosten der THG-Quote senken. HVO ist in der Regel eine der teuersten Erfüllungsoptionen, daher ist es unwahrscheinlich, dass der Preis für THG-Zertifikate die Erfüllungskosten durch HVO übersteigen wird.

Von Max Steinhau

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08/01/26

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European diesel market structure flips to contango

08/01/26

European diesel market structure flips to contango

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Inverkehrbringer rechnen für CO2-Abgabe mit Höchstpreis

08/01/26

Inverkehrbringer rechnen für CO2-Abgabe mit Höchstpreis

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US exits UN climate change bodies, climate fund: Update

08/01/26

US exits UN climate change bodies, climate fund: Update

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US exits UN climate change bodies, multiple NGOs

08/01/26

US exits UN climate change bodies, multiple NGOs

London, 8 January (Argus) — The US has withdrawn from 66 organisations, many focused on environmental and climate topics, including UN bodies the UN Framework Convention on Climate Change (UNFCCC) and the Intergovernmental Panel on Climate Change (IPCC). The UNFCCC now has 198 parties. It was established in 1992, and is the overarching global framework for climate action, encompassing the annual Cop climate summits and the 2015 Paris climate agreement. The latter has 194 signatories, after President Donald Trump pulled the US out in January 2025 . Given the scale of UNFCCC membership, events such as Cops offer a rare opportunity for almost-total multilateralism. The IPCC, which was established in 1988, counts 194 countries as members. It assesses science related to climate change. Its reports collate best-available science and research and are viewed as the primary authority on climate change science. The US is also leaving other UN bodies and non-governmental organisations (NGOs) including the International Renewable Energy Agency (Irena) and the International Solar Alliance. "Many international organizations now serve a globalist project rooted in the discredited fantasy of the 'End of History', the White House said "These organizations actively seek to constrain American sovereignty. "We will not continue expending resources, diplomatic capital, and the legitimizing weight of our participation in institutions that are irrelevant to or in conflict with our interests", it said. The US did not attend Cop 30 in November, although several US governors and regional leaders did . The US decision to leave the UNFCCC "is a strategic blunder that gives away American advantage for nothing in return," said non-profit WRI's director of the US segment David Widawsky. "Walking away doesn't just put America on the sidelines — it takes the US out of the arena entirely. American communities and businesses will lose economic ground as other countries capture the jobs, wealth, and trade created by the booming clean-energy economy." California governor Gavin Newsom (D) made a similar point at Cop 30, noting China's power in clean energy and electric vehicle markets. Trump "simply doesn't understand how enthusiastic President Xi [Jinping] is today that the Trump administration is nowhere to be found at Cop 30", Newsom said. The US decision is "regrettable and unfortunate", said EU climate commissioner Wopke Hoekstra. He reiterated the bloc's commitment to climate research, co-operation and action — which it pledged, along with China when the US left the Paris accord in January 2025. Bloomberg Philanthropies in January 2025 said it and other US bodies would ensure the US met funding and reporting obligations to the UNFCCC. This is not the international climate finance often discussed at UNFCCC talks, but funding that helps the climate body operate and host events such as Cops. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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