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SMOG - Carbon Prices In The EU Crash Despite Rising Fossil Fuel Prices
VanEck Low Carbon Energy ETF
Since Russia launched its invasion of Ukraine, the price of carbon allowances in the EU has fallen drastically, lowering the cost to emit carbon despite record high fossil fuel prices.
Negotiations to strengthen the EU's Emissions Trading System could be delayed but the proposal is unlikely to be cancelled.
The forthcoming EU strategy to reduce reliance on imported gas from Russia and increase countries' energy system resiliency will provide some important clarification.