Six Years, Nowhere
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...
Nobody Traded Mortgages Either
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...
Same Flight, Lower Bill, Better Kit
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:...
Getting Paid Before the Buyer Shows Up
By Thomas Fugelsang, Managing Director, Entoro Capital, LLC
A good carbon project can still be a bad financing proposition. The developer spends first, verifies later...
Nobody Underwrote the Carbon Market
By Thomas Fugelsang, Managing Director, Entoro Capital, LLC
When a house changes hands, a title insurer stands behind the deed. When a trade settles on...



