The key elements making up the entity that is the Carbon Tracker Initiative are as follows:

Jeremy LeggettJeremy Leggett, Chairman

Jeremy Leggett is the founder and chairman of SolarCentury, an international solar solutions company, and Solar Aid, an African solar lighting charity. An Entrepreneur of the Year at the New Energy Awards and a CNN Principal Voice, Jeremy convened the UK Industry Taskforce on Peak Oil and Energy Security and is a founding director of the world’s first private equity fund for renewable energy, Bank Sarasin’s New Energies Invest, where he has been a non-executive board member for twelve years. As a former geologist, whose research on shale were funded by both BP and Shell, he is a recognised expert on fossil fuel reserves, and has authored several books on fossil-fuel dependency, including Half Gone, the Carbon War and most recently The Energy of Nations. At the 2013 Solar Industry Awards, he won the Outstanding Individual Award.


Mark CampanaleMark Campanale, Founding and Executive Director

Mark is the founder of the Carbon Tracker Initiative and conceived the ‘unburnable carbon’ thesis. He was editor of ‘Unburnable Carbon, are markets carrying a carbon bubble’ report. Mark is responsible for strategy, board matters and developing our capital markets framework analysis. Prior to forming Carbon Tracker, Mark had twenty years experience in sustainable financial markets. Mark is a co-founder of some of the first responsible investment fund at Jupiter Asset Management, NPI, AMP Capital, and Henderson Global Investors. Mark served on the World Business Council for Sustainable Development working group on capital markets leading up to the 1992 Earth Summit; was a Member of the Steering Committee of UNEP Financial Sector Initiative (1999-2003), and continues to advise a number of investment funds. Mark was a founder firector of the UK Sustainable and Responsible Investment Forum (UKSIF), 1990-2006, is a member of the Advisory Council of SASB (Sustainable Accounting Standards Board) and and the UNEP-WRI working group on greenhouse gas emissions and the financial sector.


Anthony HobleyAnthony Hobley, Chief Executive Officer

Anthony qualified as a solicitor of England and Wales in 1994. He specialises in climate change and clean energy law as well as UK, EU and international environmental law. Anthony has played a key role in helping to design the UKs pilot emissions trading scheme and in developing key aspects of the EU ETS.  Prior to joining Carbon Tracker in February 2014, Anthony led the global climate change practice at Norton Rose Fulbright. He was previously General Counsel to the Climate Change Capital Carbon Fund and Director of Legal Policy for Climate Change Capital which he joined in September 2005. Anthony recently spent nearly two years on secondment in Norton Rose’s office where he was heavily involved in the development of the emerging carbon and clean energy markets in Australia and Asia. He currently sits on the boards of the Climate Markets and Investment Association, The Verified Carbon Standards Association and on the Advisory Board to the Climate Bonds Initiative.


caryCary Krosinsky, Co-Founder

Cary Krosinsky is a writer, educator & advisor on sustainability issues. He teaches an MBA class on Sustainability & Investing at the University of Maryland’s Robert H. Smith School of Business as well as at Bard College’s new MBA for Sustainability program. He is also teaching and advising on Sustainable Investing at Columbia University’s Earth Institute, in conjunction with Kerry Kennedy’s RFK Center for Human Rights & Justice. Other academic affiliations include advising at the University of Cambridge, Concordia University in Montreal & Yale University. His three books on sustainable investing are the contemporary standard textbooks used in classrooms on the subject, and he continues to write frequently for the Guardian and other publications. He was more recently cited as one of the most significant policymakers in Environmental Investing by the Journal for Environmental Investing (, consults for the UN Global Compact on their new Value Driver Model, is Executive Director of the Network for Sustainable Financial Markets, and is former Senior Vice President for Trucost in North America.


aliceAlice Chapple, Board Member

Alice Chapple is an economist and a specialist in impact investment and impact assessment. She established Impact Value, a business and investor advice organisation, in October 2012. Alice used to head up the financial services sector work at Forum for the Future, a not-for-profit adviser on sustainable development. Alice has worked on projects exploring the scope for innovative financial instruments, more effective valuation techniques, better risk assessment, and longer-term investment strategies. Before her time at Forum For the Future, Alice worked at development finance institution CDC in various roles, including financial analyst, fund manager, and social and environmental advisor. She also worked for Actis, the emerging markets private equity firm. Alice has an MA in economics from Cambridge University and is a chartered accountant.


 jamesJames Leaton, Research Director

James has ten years sustainability experience across responsible investment, NGO policy and private sector consultancy. James was a senior policy advisor at WWF-UK focusing on the oil and gas sector and related finance. He co-ordinated the successful Sakhalin II campaign which prevented the oil and gas project receiving project finance. His strategic thinking initiated WWF’s work on the tarsands in Canada which was subsequently adopted as a campaign by the Co-operative Bank and other NGOs. James brings project management skills from his time as a consultant at PricewaterhouseCoopers.

John WunderlinJohn Wunderlin, North America Project Manager, Staff Attorney

John Wunderlin is an attorney admitted to the New York State bar.  He coordinates Carbon Tracker’s US regulatory and legal activities, and advises on global legal and regulatory strategy.  He has worked at the intersection of climate change policy and finance since 2008, including roles with the NYU Climate Finance Project, EcoSecurities’ Legal Department, and the Climate Markets & Investment Association.  Prior to law school he worked for the Department of Justice’s Antitrust Division and Institutional Investor’s Alpha Magazine.  He has authored several articles and coalition submissions to state, federal, and international regulators.  He received his J.D. from NYU Law in 2011.

Luke Sussams, Senior Researcher

Luke has responsibility for report research, analytics and drafting, applying these skills as author of Carbon Tracker’s Australia and Brazil reports, whilst contributing to the global analysis Wasted Capital and Stranded Assets. He brings advocacy skills including presenting to the UK Foreign and Commonwealth Office and as part of Oxford University’s summer Climate Change Adaptation Academy, as well as across the US and Brazil. He has experience from across the environmental and NGO sector having spent time at Forum For the Future and 38 Degrees. Luke brings climate change and environmental policy expertise from the Environmental Technology MSc at Imperial College London and a BSc in Geography.


mia fotoMargherita Gagliardi, Communications Officer

Margherita has responsibility for media relationships, partnership building and event organization. She also brings graphic and visual skills, which she is applying to Carbon Tracker rebranding process, infographic design, website and social media management. Upon graduating with a MS in Cultural Management at the University of Bologna, she worked in a communications agency in Barcelona and in a NGO in Brussels. During the last three years she also collaborated with a communications consultancy focused on creative industries based in Bologna. In 2013, she graduated from a Masters in Green Management, Energy and CSR at Bocconi University in Milan and completed an internship supporting the Advisory Service and ESG Research teams at Sustainalytics, Amsterdam.


tracyTracy Trainor, Office Manager

Jon Grayson, Chief Operating Officer


Advisory Board

Our advisory board consists of:
- Jemma Green
- Mark Fulton
- Ben Caldecott
- Lois Guthrie
- James Stacey
- Catherine Howarth
- Tessa Tennant
- Bevis Longstreth



The work of Carbon Tracker has been made possible by the vision and openness to innovation shown by the following organisations:

  • The Rockefeller Brothers Fund
  • The Growald Family Fund
  • The Joseph Rowntree Charitable Trust
  • The Polden Puckham Charitable Foundation
  • The Tellus Mater Foundation
  • The Ashden Trust
  • Zennstrom Philanthropies
  • Wallace Global Fund
  • The European Climate Foundation

If you think your climate / finance programme isn’t the complete picture, get in touch to find out if we are what’s missing.