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:...

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...

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...

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:...

The Great Scope 3 Overcharge

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...