Traders of Environmental Progress
STX Group is a global environmental commodities trader offering physical and financial solutions across compliance and voluntary systems for energy, fuels, gas and carbon markets.
Podcast
The Calm Before 2026: EUAs, Investors & Policy Expectations
Description
Dive into the final 2025 episode of Carbon Trading Chronicles, where we break down a stable year in carbon and energy markets, key EUAs trends, investor profit-taking signals, gas oversold risks, and what to expect from the 2026 ETS reforms. An insightful wrap-up with Julia Elmgren from Lattis.
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.
Listen to the full episode here
