Emissions house of the year: Grey Epoch
Energy Risk Awards 2025: Carbon trader meets clients’ increasing needs through deep expertise and ability to warehouse risk
Global uncertainty is higher today than at any time over the 20-year history of the European Union Emissions Trading System (EU ETS), says Edmund Lehmann, managing partner at Grey Epoch Europe.
“The uncertainty of the world we live in, compared with the world we were in maybe five years ago … is up there with anything we’ve experienced during my career,” says the energy trading veteran, who’s worked in the energy industry since 2001.
For his clients in the EU ETS, this current period of
More on Awards
Partnership approach pays off for TD Securities
TD outperforms in Commodity Rankings as firms seek support amid market volatility and disruption
TD scoops top slots in the 2026 Commodity Rankings
The top performer in base and precious metals rankings, TD has expansion plans for energy
Market-maker/liquidity provider of the year: DV Commodities
Energy Risk Awards 2026: Commodity trader stands out for breadth of coverage, registering record volumes during recent crisis events
Deal of the year: ENGIE and Return’s virtual FPA
Energy Risk Awards 2026: Virtual battery portfolio deal provides a template for scaling battery storage across Europe
Risk management is key in this unpredictable environment
With energy markets upended by crisis after crisis, the best strategy is always to be hedged against extremes
Precious metals house of the year: RBC Capital Markets
Energy Risk Awards 2026: Bank’s physical capabilities enhance precious metals offering amid extreme volatility
Commodity broker of the year: Marex
Energy Risk Awards 2026: Breadth, reach and balance sheet help Marex stand out in volatile markets
Environmental products house of the year: Marex
Energy Risk Awards 2026: Marex sees opportunity for environmental commodities in the latest energy crisis
