What is the long-term impact of Ukraine-Russia conflict on European carbon emissions?

Europe’s pivot towards energy security, sparked by Russia’s invasion of Ukraine, will not come at the cost of decarbonisation. That’s the message from a recently published report by a risk management advisory firm.

Gauging the often conflicting effects of higher energy prices, fuel generation switches and investment in renewables is vital if we are to understand the likely short term impact on demand for EU carbon allowances.