What Is Natural Capital?

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By Bay St. Clair, Associate, Entoro Capital, LLC More than half of global economic output depends on something that rarely appears on a balance sheet:...

Nobody Traded Mortgages Either

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By Thomas Fugelsang, Managing Director, Entoro Capital, LLC The voluntary carbon market has spent a decade trying to make the credit better. A project can...

Six Years, Nowhere

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By Bay St. Clair, Associate, Entoro Capital, LLC In 2018 the voluntary carbon market transacted 98.4 million tonnes for $295.7 million. In 2024 it transacted...

Same Flight, Lower Bill, Better Kit

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By Thomas Fugelsang, Managing Director, Entoro Capital, LLC In an earlier piece in this series, we laid out the arithmetic problem sitting inside Scope 3:...

The Great Scope 3 Overcharge

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By Thomas Fugelsang, Managing Director, Entoro Capital, LLC Mark Twain once wrote that whenever you find yourself on the side of the majority, it's time...