Swedish-owned utility Vattenfall has appointed a new senior emissions trader at its Amsterdam office.

Theo Schöppenthau, previously an energy trader at the company’s Hamburg office who focussed on cross-commodity proprietary trading, was appointed as an emissions and fuels trader last month, according to his LinkedIn profile.

His main focus will be on emissions, but will also look at gas, coal and power.

Vattenfall had advertised the role after Nicolas Girod, a senior emissions trader with the firm, resigned at the end of May to seek new opportunities in the US.

In the advert, the company said it has annual exposure of more than 80 million tonnes of emissions per year, adding that it has expanded into the Chinese carbon market where it has already concluded several deals.

“We are ready to look into other emerging emission trading schemes when opportunities present themselves,” the advert said.

By Mike Szabo – mike@carbon-pulse.com