Vyūha
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Vyūha · Carbon structuring desk

The carbon structuring desk for companies that decarbonize.

Purpose-built for the compliance era — where decarbonization and compliance obligations converge into a single position to structure and hold.

Align CBAM, CORSIA, domestic carbon regulations.
Plan Map exposure to obligation — a position to structure, not a cost to absorb.
Adapt Re-engineer processes and inputs around the transition rather than against it.
Scale Move from pilot to programme — finance the substitution up the cost curve.
Achieve Targets met and evidenced — defensible under verification.
Trade Compliance instruments and voluntary offsets are structured differently — we trade both, plus biochar and CBG beneath them.
Exposure

The cost of doing nothing compounds — and the obvious shortcut doesn't settle it.

The shortcut is to buy voluntary offsets against a compliance obligation. They do not settle it. Compliance-eligible units and voluntary-offset credits are different instruments, governed by different rules and accepted in different registries — a voluntary credit retired against a border or domestic-market obligation leaves the liability live.

CBAM phase-in factor · 2026 → 2034
100% 75% 50% 25% 0% STEEP JUMP 2026 2027 2028 2029 2030 2031 2032 2033 2034
≈40×
Steel CBAM cost rises from 2026 to 2034 — roughly €3.75 to €150 per tonne as the phase-in factor climbs from 2.5% to 100%.
€300–500/t
Non-compliance penalty — 3–5× the certificate price — for failing to surrender the correct compliance units.
India India's CCTS opens CCC trading in 2026 — no offsets admitted, and environmental compensation is set at 2× the market price.
The Hinge

Three pressures converge — decarbonization at scale resolves all three.

Pressure

The Compliance

Under the Paris Agreement's Article 6, governments are building carbon markets into every jurisdiction. For your company that becomes obligation — at the border, in the air, in domestic compliance markets, and across disclosure.

Pressure

The Exposure

Climate risk lands on the balance sheet as a tightening price on emissions — rising carbon cost, exposed processes, and inputs and assets caught in the transition. Unstructured, it compounds quietly as a charge against the business.

Pressure

The Impact

Climate change is already a financial event, not a distant one. Disrupted supply chains and extreme weather become lost revenue, higher input costs, and operational shocks — hitting results before any rule forces the question.

Decarbonization at scale.
Resolve

Compliance met

Obligations discharged with compliance-eligible instruments — the right unit, in the right registry, at the right time.

Resolve

Carbon abated

Verified abatement delivered at the asset — measured, permanent, and defensible to a lead verifier under signed methodology.

Resolve

Impact created

Exposure converts to upside: resilient supply chains, lower cost of capital, revenue that holds in a low-carbon market.

Solutions

Three capabilities, run as one desk.

Carbon moves through the practice as a single sequence — structured at the source, decarbonized at the asset, and held in the market until it settles. Decarbonization is the bridge the other two are built around.

I — BUILD

Build

We consult across both sides of the carbon ledger — structuring compliance pathways (CBAM, CORSIA, domestic markets) and originating offset and credit projects. We work upstream of the credit, at the asset, the methodology, and the registry — so carbon is compliant by construction rather than retrofit, and every structure holds up under a verifier's scrutiny, not just a first review.

CBAMCORSIAmethodologyregistry
III — MONETIZE

Monetize

With structure built and abatement delivered, the resulting assets are placed where they hold most value — compliance corridors, voluntary demand, or offtake. We manage the position over time rather than selling once and walking away: hedging exposure, timing the market, and holding inventory until the right buyer and the right price meet. The desk stays in the trade.

compliance corridorsvoluntary demandofftake
II — DECARBONIZETHE BRIDGE

Decarbonize

Real decarbonization is displacement — clean technology replacing the high-carbon incumbent. Solar and wind substitute fossil power; biochar substitutes fossil carbon across heavy industry, from coke in steel to clinker in cement to carbon black. Offset finance scales these substitutes up the cost curve; the product then displaces the incumbent in procurement. We trade the inputs, scored for quality before they reach the asset.

offset-financed ▸ compliance-deployed
biocharsteel · cokecement · clinkercarbon black
STAGE 01 / 03 · 0%
I — BUILD

Build

We consult across both sides of the carbon ledger — structuring compliance pathways (CBAM, CORSIA, domestic markets) and originating offset and credit projects. We work upstream of the credit, at the asset, the methodology, and the registry — so carbon is compliant by construction rather than retrofit, and every structure holds up under a verifier's scrutiny, not just a first review.

CBAMCORSIAmethodologyregistry
II — DECARBONIZETHE BRIDGE

Decarbonize

Real decarbonization is displacement — clean technology replacing the high-carbon incumbent. Solar and wind substitute fossil power; biochar substitutes fossil carbon across heavy industry, from coke in steel to clinker in cement to carbon black. Offset finance scales these substitutes up the cost curve; the product then displaces the incumbent in procurement. We trade the inputs, scored for quality before they reach the asset.

offset-financed ▸ compliance-deployed
biocharsteel · cokecement · clinkercarbon black
III — MONETIZE

Monetize

With structure built and abatement delivered, the resulting assets are placed where they hold most value — compliance corridors, voluntary demand, or offtake. We manage the position over time rather than selling once and walking away: hedging exposure, timing the market, and holding inventory until the right buyer and the right price meet. The desk stays in the trade.

compliance corridorsvoluntary demandofftake
Integrity Score

Not all biochar can substitute. VIS™ scores which can.

VIS™ is a per-batch physical biochar substitution-fitness certificate — not a carbon-credit integrity score — issued under GHG Lead Verifier sign-off. The fit percentage is shown; the scoring panel is sealed.

Batch ID Sector Replaces VIS★ Fit % Credit status
VYU-STL-0481 Steel coke VIS · SEALED 88% Abatement-only
VYU-CNA-0466 Concrete Asphalt VIS · SEALED 93% Removal-eligible
VYU-CBG-0452 CBG digester VIS · SEALED 71% Conditional
VYU-RCB-0447 Rubber carbon-black VIS · SEALED 84% Conditional

On credits. Where biochar is combusted to substitute fossil carbon in industry, the carbon is released — so there is no creditable VCM biochar-removal credit. The value is real abatement and compliance substitution, scored and certified per batch; removal eligibility applies only where the carbon is durably locked.

Track Record

Structured, filed, and held.

≈0.5 MtCO₂e
Retiredacross programmes structured or advised by the practice.
19
Projectsoffset projects supported and consulted on.
BHARAT-CBG
ProgrammePoA filed with the UNFCCC.
VIS™
Instrumentper-batch biochar substitution-fitness certificate.
Newsletter

The Structuring Note

A free weekly read for people who hold carbon as a position — short, precise notes from the desk on the mechanics that move it.

ISSUEArticle 6 authorisation letters — what makes a unit corresponding-adjusted.
ISSUECBAM default values — when to use them and when they cost you.
ISSUEBiochar permanence — what durability evidence a verifier will accept.
The Firm

Built to structure carbon and decarbonize with confidence.

Methodology-first

We start at the methodology and the registry, not the marketing — every structure is built to survive verification.

We co-hold risk

We stay in the position alongside the client rather than handing over a deck and leaving — our incentives sit with the trade.

Compliance horizons, not quarters

We structure for obligations that run for years, holding inventory and timing the market across the cycle.

The practice pairs a GHG Lead Verifier (ISO 14064) with structuring, origination, and trading capability — and twelve years across CDM, Verra, Gold Standard, Puro, Isometric, Article 6…

If carbon is on your balance sheet,
it is a position.
Let us structure it.

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Structured around global carbon registries & standards