loader image
Skip to content
News and announcements

Macquarie Expands Global Carbon Team

2 min read

Macquarie Commodities and Global Markets (Macquarie) has announced multiple senior appointments to its Global Carbon team as it continues to expand its activity in international carbon markets.

This expansion will support the provision of integrated carbon offsetting solutions with expertise across the entire offset lifecycle from generation through to retirement. The hires include Andrew Gaballa, who has joined as Head of Structured Transactions and Sales. Mr Gaballa was previously Structured Products Global Lead, Environmental Products Trading at Shell and VP Emissions and Cross Commodities Asia at Mercuria.

In addition, Jun Song, German Tyeles and Suraj Vanniarachchy have also joined the team. Mr Song worked previously as nature-based solutions (NBS) commercial lead at Shell, Mr Tyeles joins from Vitol where he was a carbon originator and Mr Vanniarachchy from Natural Capital Partners. Mr Vanniarachchy sits currently on Verra’s Forest Carbon Innovations and Blue Carbon working groups.

The new hires will focus on providing clients with greater access to voluntary and compliance carbon offsets, building on the team’s ability to originate, structure and bring capital to carbon removal and reduction projects. This mandate extends across a range of carbon-related projects from nature-based solutions to household devices that also deliver a high social impact, through to carbon capture utilisation and sequestration (CCUS) and other forms of environmental and low-carbon technology.

Erik Petersson, Senior Managing Director in Macquarie’s Commodities and Global Markets Group said: “We are pleased to strengthen the Global Carbon team’s capabilities and support its future ambition by welcoming these highly experienced new joiners. The appointments will allow us to further scale our activities as we look to invest capital in carbon-related projects and support our clients with their decarbonisation pathways.” Global Carbon builds on Macquarie’s group-wide energy transition activity and is a continuation of the Group’s 15-year involvement in physical and financial environmental products markets around the world. Recently, the team has arranged and structured a number of strategic transactions on behalf of clients including South Korea’s SK Energy, supporting the decarbonisation of organisations in hard to abate sectors.

The team is also continuing to build a pipeline of offset generating projects – one of which includes working with C-Quest Capital and partners to develop a sub-Saharan Africa cookstove program that is expected to result in the abatement of approximately 220 million tonnes of carbon over the next 10 years which are jointly marketed by Macquarie and C-Quest Capital. The program will distribute cookstoves to approximately 3.7 million households, providing meaningful social and health improvements in these communities.

These appointments come as markets have witnessed growing demand, with voluntary carbon offset issuances increasing by 85 per cent in 2021 equating to 344 million tonnes of offsets issued across the four major registries1. This is the result of a growing number of corporates seeking to offset emissions while longer-term structural decarbonisation solutions are being developed2.

Source: 1 BloombergNEF, 2 Voluntary offsets: accelerating corporate climate action.

Latest Stories

Staff Highlight Series: Simon Borcherdt

At C-Quest Capital, the heart and soul of our success lies in the dedication and passion of our exceptional team members. We are excited to kick off a series of blog posts highlighting the exceptional talent we have in this company to put a spotlight on the remarkable individuals who make our organization thrive.

Read more

Mahua Acharya Joins C-Quest Capital as Chief of Staff

C-Quest Capital (CQC), a world-leading carbon finance business dedicated to catalysing an energy transition across Africa and South Asia to mitigate climate change, is delighted to announce the appointment of Mahua Acharya as Chief of Staff.

Read more

Press Release: Shell and C-Quest Capital agree funding for an Efficient Lighting Project in India

Carbon project developer, C-Quest Capital (CQC) and Shell International Eastern Trading Company (Shell) have agreed the financing for one of the largest household efficiency projects globally. The project, dubbed ‘Project Shine I’, will replace inefficient incandescent light bulbs (ICLs) with energy efficient LED globes across disadvantaged rural, and peri-urban regions of India.

Read more

Stories of Impact: Behind Tsotso Stove, there’s a story to tell

Local Poet Sylvia Muzarrabani composed a poem titled "Behind Tsotso Stove, there's a story to tell". The poem encapsulates her feelings of how CQC's TLC Rocket Stove has transformed the lives of the people in her village.

Read more

Stories of Impact: CQC Mbaula Trophy Championship

Thousands of people, many travelling hundreds of kilometres and many hours away have made the trek to witness the finals of the CQC Mbaula Trophy Championship, C-Quest Capital’s inaugural soccer and netball tournament held in Lilongwe, Malawi.

Read more

LED’s Lighting a New Path for Future Sustainability: Part Three

In this final part of our blog series, we will hear from three regions, Uttar Pradesh, Telangana, and Bihar

Read more