Q1
EDITOR'S NOTE Q1 EDITION
One notable exception to the Trump administration’s position on ESG and renewable energy policies is geothermal energy, but what are its advantages and challenges?
2025
AI, Energy, Power, Geothermal, Renewables, Freight, Risk Management, Regulation, Ammonia, Coffee, Cocoa, Potatoes, French Fries, Sugar, Sunflower Oil, Futures Clearing, Exchanges.
Welcome to a bumper Q1 edition of the Ghost In The Machine.
The future of AI and energy markets and production are inextricably linked, with inordinately complex technical challenges, as well as profound geopolitical, economic, and social implications that will reshape the future.
Shipping rates have never been a beacon of stability, but the forces unleashed by the pandemic, Russia’s invasion of Ukraine, Middle East tensions, and global trade tensions have made sector risk management even more challenging. So how can Bayesian inference facilitate decision-making models and strategies? FuelEU Maritime (FEUM) came into force at the start of 2025, a comprehensive regulation aimed at mitigating the carbon intensity of the maritime industry. There is a look at the details and their likely impact. Europe’s once very stable and largely overlooked ammonia industry is at a major crossroads, symptomatic of broader fears of deindustrialization on the continent. We take a look at various scenarios for its future.
The move by the Chicago Mercantile Exchange (CME) to set up a Futures Climate Merchant (FCM) breaks a barrier between what has traditionally been complementary but separate activities; however, it raises issues about conflicts of interest, which regulators will need to address. It is a challenging time for the French fries industry, with challenges not only from rising potato prices but also volatile sunflower oil and packaging prices, reshaping demand outlook perspectives. Soft commodities, above all cocoa and coffee, but also sugar prices, put in a stronger performance in 2024, in no small part due to weather and climate effects. So what impact will Trump’s trade tariffs potentially have?
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2 | ADMISI - The Ghost In The Machine | Q1 Edition 2025 THE GHOST IN THE MACHINE
EDITORS IN CHIEF Eddie Tofpik
E:
eddie.tofpik@
admisi.com Marc Ostwald
E:
marc.ostwald@admisi.com
PRODUCTION & CIRCULATION CREATIVE DESIGN Alfred Michelin
Simrat Kaur Sounthe
MARKETING Alfred Michelin
Simrat Kaur Sounthe
ADM CONTRIBUTORS Aishwarya Mahesh Eddie Tofpik
Edwin Burgers JP Steiner
Nico Papworth Marc Ostwald
EXTERNAL CONTRIBUTORS Alberto Peixoto Anatoly Kazimirov Bureau Veritas
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