A very special year for European carbon draws towards an end. Carbon prices have rallied relentlessly from €8/t at the start of the year, to a peak (so far) of €25/t in September and the unprecedented volatility in prices shows no sign of stopping. In 2018 carbon again became an attractive commodity for financial markets.

The revised EU Emissions Trading Scheme (ETS) directive entered into force featuring a more aggressive set-up of the Market Stability Reserve (MSR). The EU stepped up its 2030 ambition on renewable energy and energy efficiency.  All against the backdrop of complicated and often confusing Brexit negotiations, coal phase-out discussions in Germany, and an alarming report from the IPCC calling for deeper global action on climate change.

In this webinar we examined: 
  • What were the main drivers of the 2018 carbon price rally?
  • What is the upcoming supply crunch - as the MSR starts from 1 January 2019?
  • Is high price volatility the new normal?
  • Where are carbon prices heading in the short-term and longer-term (to 2030)?
  • What are the impacts of more ambitious national climate policies – in Germany and Spain?
  • And what about Brexit?

Event info

  • Date

    4 December 2018
  • Time

    10:00 AM GMT / 11:00 AM CET


Hæge Fjellheim Head of Carbon Research, Refinitiv


Hæge Fjellheim leads the team of carbon analysts at Refinitiv (formerly the Financial and Risk business of Thomson Reuters), offering data and analysis on carbon markets around the world with a specific focus on the European Emission Trading System (EU ETS).The analytical offerings of the team include supply and demand balances based on in-depth proprietary models, short and long-term price forecasts, installation and offset data bases as well as extensive policy and market analysis. 

She previously worked in the Point Carbon advisory department and in the Norwegian Ministry of Petroleum and Energy.

Hæge holds a Master's degree in Political Science from the University of Oslo.

Yan Qin Senior Analyst, Carbon Research, Refinitiv


Yan Qin is a Senior Analyst specialised in modeling in the Carbon Research team at Refinitiv (formerly the Financial and Risk business of Thomson Reuters). She works with EU ETS market analysis with a special focus on quantitative research including EUA supply-demand and price modeling. She has over 10 years of experiences in European energy sector analysis, and has worked as a power market consultant before joining Refinitiv in 2011.

Yan holds an Economics degree from the University of Oslo in Norway.

Ingvild Sørhus Lead Analyst, EU Carbon Research, Refinitiv


Ingvild Sørhus is the lead analyst in the European carbon research team at Refinitiv (formerly the Financial and Risk business of Thomson Reuters), which analyse and model the European Emission Trading Scheme (EU ETS). In her role she conducts market analysis as well as supply-demand and price modeling. 

Prior to her role in the European carbon research team, she worked on risk management tools for carbon offsets.

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