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Carbon Market Analysis

Independent carbon market intelligence built for EU ETS exposure.

Structured analysis of EU emissions markets, substitution dynamics, and sector-level emissions trends – delivered through daily and weekly reports and supported by direct analyst access.

Designed for traders, utilities, industrial emitters, and portfolio managers navigating volatility in carbon-linked fuel and power markets.

Power Grid Forest

Policy, Fuel Switching, and Emissions Shape Carbon Prices

Carbon prices are influenced by regulatory decisions, fuel switching between coal and gas, industrial production levels, and weather-driven power generation.

Higher gas prices can increase coal burn and carbon demand. Strong wind output can reduce fossil generation and soften EUA prices. Policy announcements can shift expectations for future allowance supply. These drivers interact continuously and can quickly change market direction.

Understanding carbon markets requires more than historical emissions data. It requires structured modelling of substitution effects, sector-level demand, and policy developments, supported by ongoing market interpretation.

StormGeo’s Carbon Market Analysis provides this integrated view.

Key benefits

Integrated substitution modelling

We quantify how shifts between coal and gas generation affect carbon demand and price development.

Detailed sector-level emissions modelling

We track historical emissions by sector and country and forecast future emissions using the same structured framework.

Weather and fuel integration

Carbon demand is analysed alongside weather developments and fuel price movements to capture short-term market drivers.

Analyst-led interpretation

Daily and weekly commentary explains price movements and clarifies how policy, fuel, and industrial changes affect the market.

Integrated substitution modelling

We quantify how shifts between coal and gas generation affect carbon demand and price development.

Detailed sector-level emissions modelling

We track historical emissions by sector and country and forecast future emissions using the same structured framework.

Weather and fuel integration

Carbon demand is analysed alongside weather developments and fuel price movements to capture short-term market drivers.

Analyst-led interpretation

Daily and weekly commentary explains price movements and clarifies how policy, fuel, and industrial changes affect the market.

Data graphs in green

What You Get

  • Daily and weekly carbon market reports.
  • Ongoing updates on EUA target price projections.
  • Comprehensive substitution price indices linking coal, gas, and carbon markets.
  • Analysis of weather and fuel price impacts on carbon demand.
  • Sector-level emissions tracking by country, including heavy emitters such as the steel industry.
  • Forward emissions forecasts with the same level of sector and geographic detail.
  • Direct access to analysts for discussion and scenario evaluation.

Schedule time with our carbon market experts

Speak directly with our team to discuss your market exposure, current challenges, and how our analysis can support your decisions.

Sigbjørn Seland

Sigbjørn Seland

Chief Analyst

Sigbjørn Seland, Chief Analyst at StormGeo Energy Market Analysis, holds a Master of Science in Finance from NHH Bergen and the University of Mannheim, Germany. A former trader at Drammen Kraft AS, he is an expert in Nordic and European energy markets, with a focus on power and gas dynamics, energy trading, and the impact of weather on renewables. Sigbjørn Seland's insights have been featured in several prominent publications, including Energi24, Energibransjen, and Dagens Næringsliv

Sigurd Lie

Sigurd Lie

Senior Analyst

Sigurd Lie is an accomplished energy market analyst at StormGeo, specializing in European power markets, coal dynamics, and the EU Emissions Trading System (ETS). With 26 years of experience in the energy sector, he focuses on evaluating market trends, price developments, and the implications of regulatory changes. Sigurd's insights are valuable to industry stakeholders navigating the complexities of energy transition. He has been occasionally quoted in publications such as Montel and Bloomberg, contributing to discussions on key topics impacting the European energy landscape. 

Bengt P. Longva

Bengt P. Longva

Senior Analyst

Bengt Longva is a seasoned energy market analyst at StormGeo, specializing in European power market forecasting and analysis. Since joining StormGeo (Nena) in 1998, he has provided expert insights into market trends, pricing dynamics, and regulatory changes. With prior experience as a portfolio manager at Drammen Kraft and a research assistant at the Centre for Applied Research at NHH, Bengt’s expertise is frequently featured in Montel, Bloomberg, Europower, and various newspapers. 

Pål Svendsen

Pål Svendsen

Senior Analyst

Pål Svendsen holds a Master of Science in Civil Engineering from NTNU Trondheim. He previously worked as a project engineer and project manager at Vattenfall Power Consultant and SWECO. Pål is an expert in Nordic and European energy markets, specializing in developing modeling tools to simulate hydrological balance, as well as power and natural gas market dynamics.

Espen Zachariassen

Espen Zachariassen

Managing Director Energy Analytics/SVP

Espen Zachariassen is an energy analytics industry expert with a strong track record of building data-driven market intelligence platforms. He was a founder of Wattsight, a leading energy data and analytics service acquired by Volue in 2020, after starting his career at Markedskraft. Most recently, he led Arendals Fossekompani’s corporate venture company, Alytic, where he developed advanced global analytics platforms for the seafood and carbon markets. In January 2026, he joins StormGeo as SVP Energy Analytics, bringing deep market insight and a strong focus on innovation, AI, and European energy market growth.

Blazej Radomski

Blazej Radomski

Principal Analyst

Błażej Radomski is a Principal Quantitative Analyst specializing in European energy markets. With nearly 20 years of experience in power modeling, he has a strong track record of turning complex data into actionable insights. He previously held roles at Wood Mackenzie, Volue, and Markedskraft, where he led analysis for the German market. His expertise spans short-term price forecasting, intraday market dynamics, and fundamental modelling.

Jardar Bond

Jardar Bond

Senior Data Scientist

Jardar Bond is a quantitative analytics expert at StormGeo specializing in energy market modelling, machine learning, and data-driven decision systems. With a background in statistics and financial mathematics, he has extensive experience developing analytical platforms and predictive models for the energy sector. Prior to joining StormGeo, Jardar held senior roles at Volue, including Head of Quantitative Analysis and Application Architect for AI & Data, where he led initiatives in advanced modelling and analytics architecture. Earlier in his career, he worked as a power market analyst at Thomson Reuters Point Carbon covering European electricity markets, and as a data scientist consultant delivering analytics solutions to TSOs, DSOs and power producers.

Else Marthe Remen

Else Marte Remen

Solution Sales Manager