EUA Price Tracker

No importer buys CBAM certificates at the live EU ETS spot price — or at any price, yet. Member States begin selling them on the common central platform on 1 February 2027 (Reg. (EU) 2023/956, Art. 20(1)), and certificates for goods imported in 2026 are surrendered by 30 September 2027 (Art. 22(1)). What a 2026 import will cost is already fixed, though: the official quarterly average for the quarter the goods were imported in (Art. 21(1a); IR (EU) 2025/2548, Art. 1(6)). The Commission calculates each of those averages from the auction clearing prices of that quarter's qualifying EU ETS auctions — those held on the common auction platform and the opt-out auction platforms, cancelled auctions excluded (IR 2025/2548, Art. 1(1) and 1(3)). The latest published figure is €75.36/tCO₂e for Q1 2026, the last figure held on this site, and it is what goods imported in that quarter will be charged against — not the market price on the day anybody buys.

Prices on the secondary market move every day, sometimes by several euros in a session, and no secondary-market quote enters this calculation at all. None of that volatility reaches a CBAM bill until the quarter closes and the Commission publishes that quarter's official average. From 2027 the averaging period switches from quarterly to weekly, which will track the market more closely — but certificates are still never bought at the spot price.

For that reason, this tracker focuses on the number that determines your cost: the official EU Commission price. Each quarter's price is calculated during the first calendar week of the following quarter (IR (EU) 2025/2548 Art. 1(2)), so the schedule below always names the next one — this sentence does not, because a typed date goes stale the moment the quarter turns.