Responding to the ‘increasing complexity of the policy landscape’ and the need to understand and explain ‘current and future policy requirements’, STX Group has informed Bunkerspot that it has been focusing on strengthening its ‘competences in regulation and policy affairs’.
As part of this drive, Johannes Lehken has this month joined STX Group as Head of EU – Policy and Regulation. Lehken was previously with Neste, where he was Head of Public Affairs, Europe.
Ilmari Lastikka, Global Head of Policy and Regulatory Affairs, told Bunkerspot: ‘Having Johannes to join the STX Global Policy and Regulations team comes us a result of STX renewed policy strategy and strengthening of the competences in regulation and policy affairs. It also pays tribute to the increasing complexity of the policy landscape and the growing needs of our teams and counterparties to understand current and future policy requirements.
‘As part of the wider global Policy and Regulations team, Johannes is to utilise STX's deep understanding of environmental commodity markets to hold dialogue with policy makers and stakeholders to share STX's insights on how to best develop such markets as well as the applicable incentive and enforcement mechanisms.’
Lastikka continued: ‘This is currently of particular importance as, over the course of the next years policy makers in Europe's capitals will make decisions on how to implement and comply with the EU's Fit for 55 package and the climate targets. Several member states have already advanced their policy processes and are discussing initial proposals right now which will eventually shape these market players' decisions and will ultimately decide whether Europe will be able to move decarbonisation forward in a speedy manner. We at STX need to fully understand the rapidly changing legislation and its implications to the environmental commodities markets.’