- 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.
For further details see:
Carbon Prices In The EU Crash Despite Rising Fossil Fuel Prices