Higher EU coal burn amid gas price surge could add 25 Mt to ETS power emissions through December

Published 10:47 on March 4, 2026 / Last updated at 11:09 on March 4, 2026 / / EMEA (Compliance Markets & Taxes, Europe, Middle East)

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Following a surge in TTF natural gas prices as war in the Middle East has escalated, analysts have estimated that increased fuel-switching to coal-fired generation could add 25 million tonnes of emissions covered by the EU ETS across the final nine months of 2026.
Following a surge in TTF natural gas prices as war in the Middle East has escalated, analysts have estimated that increased fuel-switching to coal-fired generation could add 25 million tonnes of emissions covered by the EU ETS across the final nine months of 2026.


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