Argus German GHG quota prices
The benchmark prices for GHG quota trading in Germany
Overview
Understand the value of the most-traded German greenhouse gas (GHG) saving quotas, based on independent assessments and real market transactions, which support compliance optimisation, price calculations, risk management, trade and sustainability strategies.
The GHG quota system (THG-Quote, Treibhausgasminderungsquote) is Germany’s main market-based mechanism for reducing GHG emissions from transport fuels. It obliges companies that place gasoline and diesel on the German market to reduce the carbon intensity of those fuels by a defined percentage each year.
If a fossil fuel supplier (obligated party) cannot achieve its required reduction internally, it can buy credits from credit generators. This creates a market price for GHG savings, often referred to as the GHG quota price.
GHG quota can be generated by electric vehicle (EV) charging (including private EVs through aggregators), biomethane used in transport, advanced biofuels, renewable hydrogen and other low-carbon fuels.
Argus German GHG quota prices are daily assessments differentiated by quota type:
- Other GHG quota (€/t CO2 equivalent)
- Advanced GHG sub-quota (€/GJ differential to other GHGs)
- Advanced GHG quota (€/t CO2 equivalent )
- Conventional GHG quota (€/t CO2 equivalent )
- Annex IX part B GHG quota (€/t CO2 equivalent)
Key advantages of Argus German GHG quota price assessments
Argus price assessments play a crucial role in the German GHG quota market because compliance is achieved through the purchase of tradable GHG credits. As the market matures and becomes more complex, Argus’ independent price assessments provide transparency and confidence for market participants.
Market transparency
Argus price assessments provide a reliable and independent view of the current market value of GHG quotas, helping buyers and sellers to understand fair market levels.
Better contract negotiation
Fuel suppliers, biofuel producers, biomethane suppliers, EV charging credit aggregators and traders can use Argus’ assessments as a benchmark when negotiating contracts. This reduces information asymmetry and supports more efficient transactions.
Accurate valuation of compliance costs
Obligated fuel suppliers need to forecast the cost of meeting their GHG quota obligations. Argus’ regular price assessments allow them to estimate compliance costs, budget more effectively and compare the economics of purchasing credits versus investing in renewable fuels.
Risk management
Argus price assessments support hedging and risk management. Companies can monitor market trends, identify price volatility and make informed decisions about when to buy or sell. This becomes increasingly important as quota targets become more ambitious.
Support for long-term investment decisions
Developers of biomethane, renewable hydrogen, EV charging infrastructure and advanced biofuels depend on future GHG credit revenues. Argus’ transparent price reporting helps investors to assess project profitability and secure financing.
Internal benchmarking and auditing
Argus provides independent and auditable assessments as reference prices for:
- Transfer pricing
- Internal valuation
- Financial reporting
- Performance measurement of trading activities
Real market transparency
Argus provides transparent market and price information for the value of German GHG quota prices through the Argus Open Markets® (AOM®) platform, which enables registered participants to post bids and offers in real time to initiate commodity deals on the spot market. Learn more.
Who uses the Argus German GHG quota prices?
Companies across the German THG quota value chain, from fuel suppliers and biofuel producers to EV charging operators, traders and investors, use independent price assessments to value credits, negotiate contracts, manage compliance costs and support investment decisions.
How to access Argus German GHG quota prices
Prices are published daily as part of the Argus O.M.R. service, which delivers an all-in-one solution for pricing information across the German transportation and heating fuels markets. The prices are also published in Argus Biofuels.
PA codes are:
- PA5003064 German Other GHG reduction 2026
- PA0045925 German Other GHG reduction 2027
- PA0047878 German Other GHG reduction 2028
- PA0046638 German Advanced sub-quota GHG reduction current year
- PA0033591 German Advanced GHG reduction current year
- PA0033588 German Conventional GHG reduction current year
- PA0036211 German annex IX part B GHG reduction current year
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.