There's so much uncertainty and everything today is the Ukraine war going to be a

multi-year stalemate issue or is Putin going to get deposed by his fellow

oligons. Hi everyone and welcome to the next big trade. I'm your host Harry

Malandry from MI2 Partners. On this program I'll talk to some of the world's

foremost traders about current trends in markets and what they believe is a

smart bet. We'll hear about their career journeys and of course find out what

they're targeting as their next big trade. Enjoy the show. Welcome to the next

big trade and thanks for joining us. This week we've invited Lawson Steelback

to follow up on the EU Carbon Credits idea. Lawson's one of the most highly

respected analysts in the carbon and EU ETS market. He's been in space since

2004 and in Jan 2006 he was a guy who predicted carbon prices would go to zero

in phase one. He's been the most prominent EU ETS carbon bulls since Jan 2018

when it was trading at eight euros. It's probably at 80 euros now. Lawson thanks

for coming back. How are things? How are you? Yeah I'm pretty good thanks. No

recovering from having tumbled off my mountain bike and breaking my shoulder

but I'm six years old. We're getting back. Where are you right now?

Because you're out you're not at home. No I'm in Croatia. You're in Dubrovnik

or somewhere. Now I went to Dubrovnik the other day and never been before. My

God is it beautiful. I spent one day there but I'm going to go back at the

other September. I'll spend a couple more days. I'm in North Split.

Ah, fine. I'm just filtering 35-36 degrees. Right which is fine except for the

absence of significant amounts of air conditioning. It's hard to get as much as

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