What's Next for Europe's Carbon Markets?

The balance of pressures looks for a lower price, but probably good support around that 55, 60 euro. I think Russia is in a sense excluding itself from the global energy market and there are real global ramifications to that. But as far as Europe is concerned, yes, we have a winter ahead that will be very difficult,. two winters ahead, actually, that will bevery difficult. And then how do we see the European compliance market playing out with the expansion of voluntary carbon markets?