
Untangling Climate Finance is a podcast that explores the dynamic field of climate change finance through conversations with industry experts about topics including climate solutions, global carbon markets, carbon projects, novel technologies, and much more.
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Under the Paris Agreement, 197 countries pledged to limit global warming to well below 2°C and strive for 1.5°C. The latest IPCC report indicates a 60% reduction in global greenhouse gas emissions below 2019 levels by 2035 is necessary to maintain the 1.5°C target. Achieving this crucial goal requires halving emissions by 2050.
At current emission rates, we have about nine years to achieve a 50% chance of limiting warming to 1.5°C and around 30 years before the chance of meeting the 2°C limit diminishes. With projections for 2.1 to 2.9°C warming by 2100, urgent and substantial global economy-wide decarbonization is essential.
To achieve this, $6 to $10 trillion USD in global investments from public and private sources are needed over the next decade, making up over 3% of annual global GDP in the 2030s and 2040s, with 30% expected from public sources and 70% from the private sector.
Despite the critical importance, global climate finance has slowed, and a minimum 590% increase in annual climate finance is necessary to meet international climate objectives by 2030, a target currently far from being achieved.
We need to talk about this imperative.
Jay is a passionate environmentalist and nature enthusiast. He is a skilled professional with proficiency in climate finance and global carbon markets. His knowledge encompasses voluntary and compliance markets, focusing on natural, technological, and market-based solutions for reducing greenhouse gas emissions and achieving climate change resilience. He hosts Gordian Knot Strategies’ podcast “Untangling Climate Finance” and publishes weekly articles via GKS’s two newsletters, Sliced and Virtus. Previously, Jay hosted “Work Green, Earn Green,” a global podcast highlighting the burgeoning green economy and the associated green job opportunities across the United States. Before his career in climate finance, Jay worked for many years in the Hollywood entertainment industry as a producer. He holds multiple master’s degrees from esteemed European universities, specializing in Environmental Protection (Poland) and Environmental Management (Germany).

January 6th, 2025
In this episode, Alicia Cramer, Peter Stangel, and Trevor Cutsinger from the U.S. Endowment for Forestry and Communities discuss their groundbreaking Impact Investing Program. They share how the program is transforming forestry finance, highlighting its impact, a success story, and exploring opportunities to scale sustainable forest markets while enhancing forest health and supporting rural communities.
Resources Mentioned in the Episode:
U.S. Endowment for Forestry and Communities – Impact Investing Program
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February 11th, 2025
In this episode, Natalia Dorfman, CEO and Co-Founder of Kita Insurance, explores how insurance is unlocking capital for carbon markets by de-risking investments. She discusses the challenges of carbon credit delivery, political risks, and counterparty reliability, and how insurance builds trust in climate finance. Natalia also shares emerging trends and what’s next for Kita Insurance in the evolving carbon market.
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March 18th, 2025
In this episode, Sacha Spector, Director of Environment at the Doris Duke Foundation, explores how philanthropy is shaping conservation finance. He discusses land protection, Indigenous-led stewardship, and climate-smart forestry, as well as the challenges of financing nature-based solutions in a shifting political landscape.
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April 21st, 2025
In this episode, Kelly Cain of the National Indian Carbon Coalition explores how tribes are leading in carbon markets and climate finance. He discusses the development of the Tribal Carbon and Co-Benefit Tool, Indigenous land stewardship, and how carbon projects are helping Native communities reclaim land and drive sustainable, community-led solutions.
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May 20th, 2025
In this episode, Chris Slater, the CEO and Founder of Oka, The Carbon Insurance Company, explores how insurance is transforming carbon markets and climate finance. He discusses Oka’s innovative risk-transfer products, the role of insurance in unlocking capital for project developers, and how de-risking carbon deals is accelerating climate solutions across the globe.
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June 24th, 2025
In this episode, Eric Wei, Carbon Credit Program Director at the Global Water Center (GWC), explores how carbon finance is unlocking safe drinking water access in underserved communities. He discusses GWC’s innovative approach to water-based carbon credits, the launch of their Carbon Aggregation Platform, and how climate finance can move beyond grants to fund resilient, long-term infrastructure.
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July 22nd, 2025
In this episode, Maria Filmanovic, Co-Founder and Director of Abatable, explores how risk, transparency, and data are reshaping the voluntary carbon market. She discusses Abatable’s approach to high-integrity carbon procurement, the launch of their VCM Investment Attractiveness Index, and how better risk analysis can unlock smarter, more scalable climate finance.
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August 19th, 2025
In this episode, Jodi Manning, CEO of Cool Effect, explores how transparency, integrity, and education are shaping the future of the voluntary carbon market. She shares Cool Effect’s rigorous approach to project vetting, having reviewed over 10,000 carbon projects, and highlights the importance of price transparency, site-level due diligence, and community impact. Jodi also discusses rising demand for removals and super pollutant reductions, and how individuals can take meaningful climate action alongside corporate players.
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September 16th, 2025
In this episode, Sebastian Leape, CEO of Natcap, explores how nature intelligence is transforming corporate sustainability and shaping the future of climate finance. He shares how Natcap helps companies measure and manage their impacts on nature – like deforestation, water use, and pollution – while identifying critical dependencies that underpin business resilience and supply chains. Sebastian also discusses the growing influence of frameworks like TNFD and CSRD, the challenges with biodiversity offsets, and why integrating nature data into business strategy is becoming a competitive advantage.
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October 28th, 2025
In this episode, Valentin Lautier, Founder and CEO of Homaio, explores how they are helping everyday investors get involved with compliance carbon markets. He shares how Homaio turns EU carbon allowances (EUAs) into investable climate assets that generate both returns and real emissions impact. Valentin also discusses how regulation, technology, and accessibility are driving the next wave of carbon investing, and why giving individuals a stake in decarbonisation could accelerate global climate action.
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November 18th, 2023
In this episode, Madeleine Carnemark, Director, VCM+ Coalition, Carbon Policy and Markets Initiative at the High Tide Foundation, explains how carbon markets are shifting from a voluntary system to a verified, high-integrity global market. She discusses the coalition’s work to strengthen governance, improve transparency, unlock corporate demand, and build trust, while emphasizing why integrity and scale must move together to deliver real climate impact.
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January 15th, 2024
In this episode, Jay and Dr. Lambert Schneider connect to discuss carbon markets.
Dr. Schneider is the Research Coordinator for International Climate Policy at the Oko-Institut e.V. He has most of his career working on the various carbon markets around the world. Dr. Schneider cover various aspects of the complex carbon market sphere. Dr. Schneider demonstrates his extensive expertise in every response, sharing his concerns about certain market elements and his hopes for the future of the markets.
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February 20th, 2024
In this episode, Jay speaks with Grant Canary (Founder & CEO) and Jonathan Loevner (VP, Carbon Markets & Policy) of Mast Reforestation to discuss the post-wildfire reforestation work their company is doing.
They discuss a recent stream financing agreement they made which is allowing them to expand their carbon credit projects. They share their insights on scaling, carbon credit generation, the issues they face, and their company goals in helping with reforestation.
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March 12th, 2024
This episode features a conversation between Jay, and Rick Gilmore, the President & CEO of GIC Group.
They discuss GIC Group’s new product, Commodities Plus Carbon (CPC), a novel futures contract that blends agricultural commodities with carbon markets which seeks to reward farmers with a premium on their crop yields. Rick sheds light on the CPC’s mechanics, its significance in today’s agricultural and environmental landscape, and the rationale behind its timely introduction.
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April 15th, 2024
In this episode, Jay connects with Max DuBuisson, the Vice President of Sustainability, Policy & Engagement at Indigo Ag, an ag-tech company based in Boston.
Max discusses Indigo Ag’s role in sustainable agriculture, detailing their carbon credit project which engages about 1,000 farmers across 30 states to manage over 7 million acres. He highlights the project’s benefits, including significant profit sharing that has yielded over $12 million for farmers, and touches on Indigo Ag’s use of advanced technologies and strategic partnerships to promote global sustainable practices.
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May 21st, 2024
In this episode, Jay covers environmental policy with Timothy Male, the Executive Director of the Environmental Policy Innovation Center (EPIC).
Tim outlines EPIC’s mission and its impact on U.S. environmental policies, focusing on initiatives like environmental restoration and the challenges of long permitting times. He discusses innovative financial mechanisms such as debt-for-nature swaps, state revolving loan funds, and pay-for-success contracts as scalable tools for nature-based climate finance. Tim emphasizes the importance of public-private partnerships and advocates for increased funding. He concludes with a vision for the future of U.S. policy, stressing the need to improve policy narratives to drive financial resources towards enhancing our relationship with nature.
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June 10th, 2024
In this episode, Jay connects with Henry Rowlands, the Co-Founder, CEO, and Director of Soil in Formation (SIF), a U.S. public benefit corporation dedicated to restoring soil health worldwide through advanced soil health measurement technology and a contextual data platform.
They cover Henry’s extensive background in agriculture and soil management, his journey to co-founding SIF, the company’s core objectives, the challenges SIF aims to address with its remote soil sensor and actionable soil health metrics database, SIF’s efforts to integrate their technology into agriculture and soil carbon credit methodologies under the major carbon credit standards, and much more.
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July 23rd, 2024
In this episode, we welcome back Sean Penrith, CEO of Gordian Knot Strategies, nearly a year after his first appearance, to discuss some GKS’s key focus areas – climate finance, carbon markets, and impact investing. Jay and Sean explore the current state of climate finance for mitigation and adaptation, the challenges and progress in carbon markets, and the role and growth of impact investing, along with insights into biodiversity crediting.
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September 24th, 2024
In this episode, Anna Lerner, CEO of Climate Collective, discusses climate finance, cutting-edge tech like AI and geospatial, and the critical role of local communities in driving climate solutions. Anna also shares insights into green accountability, Climate Collective’s new AI accelerator, and the emerging field of biodiversity credits.
Resources Mentioned in the Episode:
Savimbo – the amazing group participating in Climate Collective’s Green Accountability Accelerator
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Harnessing AI to Transform Climate Action: Part I
October 21st, 2024
In this episode, Rita Hite, President and CEO of the American Forest Foundation, discusses the vital role of family forests in climate solutions and shares AFF’s innovative programs. Rita also announces AFF’s first-ever carbon credit auction for nature-based solutions, set for February 2025.
Resources Mentioned in the Episode:
American Forest Foundation Carbon Auction
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November 12th, 2024
In this episode, Sheri Hickok, CEO of Climate Impact Partners, discusses the power of carbon markets in driving climate action. Sheri shares her journey from engineering to climate leadership and highlights impactful projects, like Climate Impact Partners’ reforestation work in Ghana, which combines carbon removal with sustainable jobs for local communities.
Resources Mentioned in the Episode:
Climate Impact Partners’ Annual Fortune Global 500 Report Shows Quiet Climate Action
Reforesting Ghana: FORM Ghana’s Mission to Restore Forests and Benefit Communities
FORM Ghana and Climate Impact Partners Announce Exclusive Agreement on 400,000 Carbon Removal Credits
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August 13th, 2023
To kick off the series, Jay chats with Sean Penrith (CEO, Gordian Knot Strategies). Sean introduces the term “climate finance” and defines what exactly that means. He also recounts his journey from an entrepreneur working outside the realm of climate change to his current position, running a private firm that mobilizes and activates climate finance for clients all over the world.
Resources Mentioned in the Episode:
Quantum Commodity Intelligence
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September 18th, 2023
In this episode, Jay talks with Nathan Truitt (Executive Vice President, Climate Funding – American Forest Foundation).
They cover topics including forest carbon credit projects, an innovative new green bond, AFF’s recent Verra methodology, and the challenges and opportunities for scaling up climate finance focused on forest projects.
Resources Mentioned in the Episode:
American Forest Foundation (AFF)
AFF’s Family Forest Carbon Program
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October 16th, 2023
In this episode, Jay talks with author and carbon market expert, Paula DiPerna.
They discuss her new book Pricing the Priceless: The Financial Transformation to Value the Planet, Solve the Climate Crisis, and Protect Our Most Precious Assets. They also talk about her work on both the voluntary and regulatory carbon markets, and how she thinks carbon markets are key to decarbonization.
And if you are interested in Pricing the Priceless, it is available for purchase on Amazon, Barnes & Noble, Wiley, and other online stores.
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November 14th, 2023
In this episode, Jay talk with Sean Kidney, the CEO of the Climate Bonds Initiative.
They connected in August to review the current state of green bonds, the use of their proceeds, the prevalent topic of greenwashing, and how we can get more climate finance moving to slow down global warming. Sean also shares some personal information like his journey to becoming a leader in the bond space, and why he works tirelessly to fight the climate crisis.
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December 14th, 2023
In this episode, Jay hosts David Antonioli of DLA Climate Solutions. They connected in October to discuss the state of the voluntary carbon market (VCM). David shares his opinions on some of the issues facing the VCM, as well as offers solutions for improvement. David also lays out some of his plans for the future following his departure from Verra, where he served as CEO for 15 years.
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