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