Carbon Price in Germany 2026 — ETS, Tax & CBAM Exposure

Instrument

How carbon is priced in Germany

National heating/transport ETS (nEHS): €55/t fixed 2025, auction corridor €55–65 from 2026 (BEHG).

Real facilities

Largest CBAM-sector emitters in Germany

At the EU ETS price of €80.01/t, this CO2 corresponds to an indicative carbon value of:

Facility	t CO2/yr (est. 2023)	Gross value (full)
ThyssenKrupp Steel Duisburg steel plant	17,975,297	€1,354.6M
Salzgitter Flachstahl steel plant	7,944,161	€598.7M
Hüttenwerke Krupp Mannesmann (HKM) steel plant	7,252,359	€546.5M
ArcelorMittal Bremen steel plant	4,945,642	€372.7M
AG der Dillinger Hüttenwerke Dillingen steel plant	3,852,719	€290.3M

Gross value = all tracked CO2 × the carbon price; it is a ranking aid, not a liability. Emissions: Climate TRACE satellite estimates (2023) — indicative, not verified declarations. CBAM falls only on emissions embedded in EU-bound exports, at the phased-in share (2.5% in 2026 → 100% by 2034). More: IndustryAtlas.

CBAM-exposed industries

Pathways for the sectors that pay at the border

Aluminium

≈1.6 t CO2/t direct + power — the Gulf's flagship CBAM exposure.

Steel

1.9 t/t integrated — route choice decides the CBAM bill.

Cement

0.7 t/t, two-thirds process CO2.

Fertilizers

≈2 t CO2/t NH3 — hydrogen chemistry.

Hydrogen

9–11 t/t grey — CBAM from day one.

CBAM — the guide

Phase-in table, default values, what to do now.

🖨 Download this page as PDF — show your management ⬇ Prices (CSV)

Cut the bill at the source: heat-loss elimination via removable insulation typically saves 2–5% of fuel-related CO2 with <2-year payback — run the savings study or read the industrial insulation guide.

🇩🇪 Carbon price in Germany (2026)

How carbon is priced in Germany

Largest CBAM-sector emitters in Germany

Pathways for the sectors that pay at the border

Share of emissions Germany's industry must pay for