ETS: €43.2 billion in revenue in 2025, €9.1 billion earmarked for the Innovation and Modernisation funds

News Tank Transitions - Bruxelles - News #460189 - Published on 09/11/26 at 17:32
©  European Commission
©  European Commission

Emissions Trading Scheme (ETS) auction revenues reached €43.2 billion in 2025, up 11 per cent on 2024, of which €6.5 billion went to the Modernisation Fund and €2.6 billion to the Innovation Fund, according to the report on the functioning of the European carbon market in 2025 published by the European Commission on 9 November 2026.

The Innovation Fund finances the roll-out of low-carbon and ‘net-zero’ technologies, whilst the Modernisation Fund finances the energy transition in 13 low-income Member States.

Member States receive €23.9 billion, the Recovery and Resilience Facility (RRF) receives €6.4 billion under the REPowerEU plan, and the Climate Social Fund receives, for the first time, €3.7 billion. The rise in revenue follows the increase in the average allowance price, from €64.74 in…

©  European Commission
©  European Commission

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