US Forest Service International Programs Climate Change Seminar Series

March 26 - December 31, 1969 Host US Forest Service International Programs




Financial Tools for a Warming World--the Role of Finance in Addressing Climate Change


The wide-ranging implications of climate change will require new thinking, new cooperating partners, new programs, and new approaches to many development programs - including those in the forest sector. Carbon markets clearly can play a key role in implementing these changes, but their success will depend in part on whether they are configured to attract private sector partners.  To explore this issue, USAID and the U.S. Forest Service are cosponsoring this presentation on the role of financing and carbon markets in efforts to mitigate global climate change.


Dean Liappas and John Battaglia of Evolution Markets, a carbon brokerage firm, will discuss the current status of the voluntary market in carbon credits from the private forest sector perspective.  They will discuss the opportunities and challenges in the market today, their experience with several specific projects, and how new national and international policies and agreements are expected to change the status quo.  They will also comment on the state of available financing for forest-based carbon trades, and will reflect on some of the financial interventions that donor institutions could consider to accelerate climate change adaptation and mitigation efforts in the forest sector.




Dean Liappas is a Financial Analyst with Evolution Markets Financial Services LLC.  Mr. Liappas supports Evolution Markets' global merchant banking activities in the environmental, energy and clean energy sectors, including carbon origination and finance, private placement, project finance and mergers and acquisitions.  Mr. Liappas works primarily on raising capital for project developers in the carbon offset and renewable energy sectors.  Prior to joining Evolution in 2007, Mr. Liappas was an investment banker in the Financial Institutions Group at KeyBanc Capital Markets. Mr. Liappas has a bachelor's degree in business administration from The College of William & Mary in Virginia.


John Battaglia is an Associate Broker for Evolution Markets specializing in the voluntary and compliance carbon markets in the western U.S., including California and the Western Climate Initiative.  He works with market participants looking to develop carbon offset projects, including landfill gas, agricultural methane and forestry.  Working with Evolution Markets brokerage teams in New York, San Francisco, London, and Buenos Aires, Mr. Battaglia is responsible for analyzing carbon market trends and policies, carbon market supply/demand dynamics, and providing strategic counsel to market participants.  Mr. Battaglia holds a B.A. from the University of Rhode Island, and a Master of Public Administration in Environmental Science and Policy from Columbia University in New York.

April 2018