Carbon Trading Chronicles

Hosted by Vertis Environmental Finance

Business NewsInterviews guests

Website RSS feed

Episodes

Latest episode

Mar 2026

Language

EN-GB

About the show

Carbon Trading Chronicles is a podcast that features compelling conversations with leading experts, industrials, policymakers, and innovators who are shaping the landscape of emissions trading. From success stories to challenges faced, we'll uncover the real-world impacts and insights that are driving the global transition to a low-carbon economy. Carbon Trading Chronicles is a podcast by Vertis Environmental Finance. Disclaimer: https://legal.vertis.com/api/document/282/get_document/

Listen to episodes

18 recent

March 1, 2026Episode 335 min

Pricing Carbon at the Border: Strategy in the CBAM Era

In this episode of Carbon Trading Chronicles, we take a practical deep dive into the Carbon Border Adjustment Mechanism (CBAM), moving beyond theory to explore how it works in real business environments.Together with Sarah Hay, Climate Policy Lead at Norsk Hydro, and Bjorn Bojesen, Manager, Structured Products & Team Lead at Vertis, we unpack who is responsible for what under CBAM, how covered companies are integrating carbon costs into production strategies, and the key regulatory challenges companies face amid ongoing uncertainty. We also explore exemptions, the treatment of carbon prices paid abroad, and what obligated entities should be preparing for next.Hosted by Riham Wahba, Senior Analyst at Vertis, this conversation offers practical insights for companies navigating one of the most consequential developments in compliance carbon markets today.Riham Wahba - Senior Market Analyst at Vertis Environmental Finance.Bjorn Bojesen - Manager Structured Products at Vertis Environmental Finance.Sarah Hay - Climate Policy Lead at Norsk Hydro.Disclaimer: https://legal.vertis.com/api/document/282/get_document/

December 7, 2025Episode 228 min

The Calm Before 2026: EUAs, Investors & Policy Expectations

In the final 2025 episode of Carbon Trading Chronicles, we sit down with Julia Elmgren from Lattis to reflect on a year that was notably stable in carbon and energy markets. Together, we explore investor profit-taking signals, and whether gas has been pushed too far into oversold territory.We also lay out the potential areas for the 2026 ETS reforms, and discuss hidden supply pockets. A clear, insightful conversation to close out the year.Stefan Feuchtinger - Head of R&A at Vertis Environmental Finance.Riham Wahba - Senior Market Analyst at Vertis Environmental Finance.Julia Elmgren - Partner, Carbon Investments at Lattis LP.Disclaimer: https://legal.vertis.com/api/document/282/get_document/

September 14, 2025Episode 129 min

Wind, Sun, and CO₂: The Weather Factor in carbon trading

In this Season 3 opener of The Carbon Trading Chronicles, we’re joined by Eric Stein, Lead Trading Meteorologist at E.ON, to dive into the powerful role weather plays in shaping the EU ETS. From shifting weather patterns to the rise of advanced forecasting technologies, climate conditions are becoming an increasingly important driver of carbon prices. We explore the direct influence of weather renewable generation, the indirect effects via gas market, and how funds consider weather as driver for carbon price Tune in and find out if forecasting tomorrow’s weather could mean forecasting tomorrow’s carbon price.Stefan Feuchtinger - Head of R&A at Vertis Environmental Finance.Riham Wahba - Senior Market Analyst at Vertis Environmental Finance.Eric Stein - Lead Trading Meteorologist at E.ONDisclaimer: https://legal.vertis.com/api/document/282/get_document/

May 20, 2025Episode 540 min

Storm signals: Tariffs, recession fears and the 60€ carbon question

In this episode of Carbon Trading Chronicles, we sit down with carbon trader Oliver Triton to unpack the ripple effects of rising tariffs on EU and UK carbon markets. Triton offers sharp insights into how market participants are recalibrating strategies in the face of protectionist trends and regulatory uncertainty. We also dive into the potential of carbon trading at €60 or €80. Which outcome is likely more viable? And what other price horizons are more likely to be reached by the end of 2025?Tune in as we connect the dots between macroeconomic stressors and the EU ETS in a rapidly evolving landscape.Stefan Feuchtinger - Head of R&A at Vertis Environmental Finance.Riham Wahba - Senior Market Analyst at Vertis Environmental Finance.Oliver Tritton - Co-Founder at Carbon InsightsDisclaimer: https://legal.vertis.com/api/document/282/get_document/

January 12, 2025Episode 439 min

Gas, carbon, and the geopolitical web: understanding the dynamics and interconnections

In this episode of Carbon Trading Chronicles, we dive deep into the intricate relationship between the gas and carbon markets, featuring insights from Seb Kennedy, energy journalist and creator of the newsletter Energy Flux. Seb and Riham offer a unique perspective on how geopolitical tensions have amplified risk premiums in gas markets and, in turn, influenced European carbon pricing. They also explore the growing correlation between gas prices and carbon markets, the opaque nature of hedge fund activity, and the strategic maneuvering of gas storage operators seeking to balance regulatory mandates with market realities. Riham Wahba - Senior Market Analyst at Vertis Environmental Finance. Seb Kennedy - Freelance energy journalist and market analyst *Energy Flux: https://www.energyflux.news/ Disclaimer: https://legal.vertis.com/api/document/282/get_document/

December 15, 2024Episode 330 min

Exasperation and carbon emissions: what 2024 taught us

Welcome to the final episode of 2024! This year has been a rollercoaster marked by unexpected twists and steady patterns in EU ETS trading. In this special year-end review, Vertis analysts and Alessandro Vitelli, aka The Carbon Reporter, dissect the pivotal moments that shaped the EU ETS market. Together, they reflect on a year that left market participants caught between exasperation, anxiety, and cautious hope. Stay tuned for 2025! Stefan Feuchtinger - Head of R&A at Vertis Environmental Finance. Riham Wahba - Senior Market Analyst at Vertis Environmental Finance. Alessandro Vitelli - Carbon Reporter Disclaimer: https://legal.vertis.com/api/document/282/get_document/

October 13, 2024Episode 224 min

Carbon market fairytales: analysts at a crossroads

In this episode of Carbon Trading Chronicles, we explore the EU ETS and UK ETS at a pivotal moment, where market participants are divided over the future direction of prices. With some analysts predicting a drop to €50, and others expecting a long-term bullish outlook, we examine whether these forecasts are grounded in reality or part of a carbon market fairytale. Are we witnessing a fundamental shift, or will the market stabilize? Tune in for latest insights from Vertis analysts. Stefan Feuchtinger - Head of R&A at Vertis Environmental Finance. Riham Wahba - Senior Market Analyst at Vertis Environmental Finance. Disclaimer: https://legal.vertis.com/api/document/282/get_document/

September 3, 2024Episode 131 min

Old habits die hard: carbon market Summer and what’s ahead this Fall

Welcome to Season 2 of Carbon Trading Chronicles! In our first episode, we unpack what’s been happening over the summer, from market volatility to geopolitics, and analyse what these developments mean for the compliance period ending this September. We also get exclusive expert views on the auction process, exploring the intricacies, challenges, and practicalities that shaped the evolution of carbon trading. We do not stop there as we also look ahead to 2025, discuss potential trends, policy changes, and market expectations that could reshape the landscape. Stefan Feuchtinger - Head of R&A at Vertis Environmental Finance. Riham Wahba - Senior Market Analyst at Vertis Environmental Finance. Nanne Visser ´t hooft - Senior Carbon Trader. Disclaimer: https://legal.vertis.com/api/document/282/get_document/

June 2, 2024Episode 1027 min

Game of Carbon - season 1 finale

In this final episode of our first season, carbon experts analyse how trading practices have changed, which new players are reshaping the market and what current trends are influencing trading activity. They will compare long-term and short-term trading strategies, explore the influence of politics, speculators and the weather on market decisions, and examine the opportunities arising from the competition between algorithms and human traders. Stefan Feuchtinger - Head of R&A at Vertis Environmental Finance. Riham Wahba - Senior Market Analyst at Vertis Environmental Finance. Francisco Grajales - Senior Environmental Commodities Trader, Vattenfall Energy Trading. Disclaimer: https://legal.vertis.com/api/document/282/get_document/

May 12, 2024Episode 926 min

EUA situation room: making sense of the 2024 price dynamics

What is driving the recent price increases despite the prevailing bearish predictions of analysts? Have fundamentals shifted or are we experiencing the mirage of the year? In this episode, carbon analysts and traders make hypotheses regarding 2024 price developments by examining industrials, utilities, banks and hedge funds' behaviour. Stefan Feuchtinger - Head of R&A at Vertis Environmental Finance. Riham Wahba - Senior Market Analyst at Vertis Environmental Finance. Maximilian Herstatt - Team Leader at Vertis Environmental Finance. Lewis Unstead - Senior Analyst | EU Carbon at ICIS. Disclaimer: https://legal.vertis.com/api/document/282/get_document/