The EU Emissions Trading System (EU ETS) and the drivers of the market in EU Allowances (EUAs) are the topics up for discussion in this week’s ship.energy podcast, featuring Arne Lohmann Rasmussen, Chief Analyst and Head of Research at Global Risk Management (GRM), part of Bunker Holding Group.

In conversation with Mark Williams, Arne demystifies EUAs and answers some key questions along the way, including:

•            Why is shipping not really important for the EUA price?

•            Why is the EUA curve in contango?

•            When should ship owners buy their EUAs?

•            What is the process for buying EUAs?

•            Can EUAs be hedged and should ship owners bother?

GRM offers hedging services, and his role at the company Arne covers a wide range of energy products, such as oil and its products, natural gas, power, coal, and emissions (EUAs).

He joined GRM a little over a year ago after 23 years of experience in the research department at Danske Bank – a leading Nordic retail and investment bank. Arne has covered a wide range of products and areas like FX, rates, fixed income, commodities, and macro and has advised both institutional and corporate clients across Europe and the US.

Arne has in-depth knowledge of ESG from a financial market perspective and holds a certificate in ESG investing from CFA UK.

He has held various managerial positions during his carrier, holds a Master of Economics degree from the University of South Denmark, and is regularly quoted in local and international financial media.