45Q DAC RATE$180/TON 45Q INDUSTRIAL RATE$85/TON PACM STATUSOPERATIONAL CDM TRANSITION DEADLINEJUN 30, 2026
The Ledger

Four practices, each a verified entry.

Timestamps below mark when each practice actually opened, not when it was announced.

0x7a3f…e819 Active since 2020

Sequestration Verification & Structuring

Before a tonne of removed carbon can earn a credit under Verra, Gold Standard, or Puro.earth's methodologies, someone has to build a monitoring plan rigorous enough to survive third-party verification. We design the MRV plan, run the baseline modeling, and carry a project through registry validation without either inflating the number or leaving real drawdown uncounted.

0x9b56…1a72 Active since 2021

Carbon Removal Project Finance

Direct air capture plants, basalt-grinding operations, and bio-oil sequestration sites are expensive to build years before they earn a single credit. We structure debt against offtake agreements and projected 45Q credit value the way a previous generation financed toll roads against projected traffic — except the traffic here is tonnes, verified annually.

0x2c81…9df4 Active since 2022

45Q Monetization

Section 45Q pays $85 a tonne for industrial capture and $180 for direct air capture, and the credit has been transferable since 2022 — which means it can be sold to a third party for cash, typically at a discount of five to fifteen cents on the dollar. We structure and negotiate those transfers, and model what a project's credit stream is actually worth before a developer sells it too early or too cheap.

0x5e14…c308 Active since 2020

Registry & Regulatory Liaison

Verra revises a methodology. The Article 6.4 Supervisory Body changes what counts as an eligible baseline for the new Paris Agreement Crediting Mechanism. A legacy CDM project has to decide whether to transition before the deadline or wind down instead. We sit in the room for clients navigating all three, so a rule change shows up as an email, not a surprise at reconciliation.

What's Not On The Ledger

We don't manage speculative credit positions.

If a mandate is really about trading credit prices rather than financing or verifying real removal, we're the wrong firm for it. There are trading desks that do that well. We're not trying to become one.

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