The European Commission has published the official CBAM certificate price for Q2 2026 at EUR 75.28 per tonne of CO2e.

The Q1 2026 price was EUR 75.36/tCO2e. The quarterly reference price moved down by EUR 0.08/tCO2e. The Q2 price applies to emissions embedded in covered CBAM goods imported into the EU between April and June 2026. The covered sectors remain steel, aluminium, cement, fertilisers, hydrogen and electricity. The certificate price is calculated from EU ETS auction clearing prices. CBAM uses that link so covered imports face a carbon-cost reference connected to the price paid by EU producers under the ETS.

For a steel importer, the first split is between verified actual emissions data from the supplier and default values used by the declarant when that evidence is missing or incomplete. A Q2 price of EUR 75.28/tCO2e gives the same carbon-price reference in both cases. The exposure can still differ because the embedded-emissions value changes.
If the sales contract passes certificate costs to the customer, the importer needs a calculation that can survive a customer challenge. If the importer absorbs the cost, the emissions data affects margin. If an indirect representative is involved, the representative needs evidence that matches the CBAM declaration.

Cement and fertiliser imports can be more sensitive to emissions-data quality because embedded emissions may be high relative to product value.
Hydrogen and electricity depend more directly on the production or generation route. The certificate price is common, but the declarant still has to show how the emissions value was measured and documented.

In 2026, the price signal remains quarterly. The next reference prices indicated in the source material are 5 October 2026 for Q3 and 4 January 2027 for Q4.
From 2027, CBAM moves to weekly prices and certificate purchases through the common central platform, with purchasing expected to start in February 2027.

The Q2 number is EUR 75.28/tCO2e, with the cost calculated depending on the emissions evidence of each trade.