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...
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...
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:...