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...
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...
What Is Natural Capital?
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:...
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:...
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...