We present Part One of our two-part Holiday Special 2025: The Year in Review.

2025 has been a big year full of big months here at Abaxx and at SmarterMarkets™, and we’re closing out 2025 by revisiting the conversations with our guests that helped us understand and articulate the themes that would come to define the year.

2025 was the year in which we discovered that this was not the energy transition that we were expecting; and the year in which a new geopolitical reality emerged and old geopolitical concerns resurfaced. It was the year featuring a tale of two carbon markets and the need for new weather markets to manage the risks posed by reliance on renewable power. And 2025 was the year in which there was both a new gold rush and a rush into tokenization.

We hope you’ll sit back, relax, and enjoy our Holiday Special 2025: The Year in Review.

Our guests in order of appearance:

Part One:

Andy Home – Senior Metals Columnist, Thomson Reuters
SM213 – 1.18.2025 – The State of Play in Battery Metals

Andrea Hotter – Special Correspondent, Fastmarkets
SM214 – 1.25.2025 – The State of Play in Battery Metals

Peter Zaman – Partner, HFW Singapore
SM218 – 2.22.2025 – Carbon Frontiers 2025

Nobuo Tanaka – Executive Director Emeritus, International Energy Agency (IEA)
SM246 – 8.30.2025 – Summer Playlist 2025

Helima Croft – Managing Director & Global Head of Commodity Strategy, RBC Capital Markets
SM245 – 8.23.2025 – Summer Playlist 2025

Dave Ernsberger & Mark Eramo – Co-Presidents, S&P Global Commodity Insights
SM251 – 10.4.2025 – Catching Up On Climate

Rene Velasquez – Managing Partner, Valitera
SM219 – 3.1.2025 – Carbon Frontiers 2025

Mark Lewis – Partner & Managing Director, Climate Finance Partners LLC and Former Head of Research, Andurand Capital
SM216 – 2.8.2025 – Carbon Frontiers 2025

Hannah Hauman – Global Head of Carbon Trading, Trafigura
SM250 – 9.27.2025 – Catching Up On Climate

Theresa Kammel & Pierre Buisson – Originator & Senior Structurer, Weather & Agro Zurich, Munich Re
SM241 – 7.26.2025 – Summer Playlist 2025