About

A merchant house for environmental commodities.

Founder-led. Transaction-focused. Built by market participants, for market participants.

The Firm

The missing commercial layer.

Most participants in carbon markets have the asset or the obligation — but not the desk. Compliance teams are stretched. Developers are builders, not marketers. The commercial layer — pricing judgment, counterparty networks, negotiation, execution — is missing.

Carbon Merchant is that layer. We come from the same rooms our clients sit in: compliance desks, project boards, fund structures. We built the firm we kept looking for and couldn't find — closer to a merchant house or trading boutique than a sustainability consultancy.

We engage where commercial outcomes are decided: post-FID, at validation, at issuance, and post-issuance. We don't sell feasibility studies — we sell execution.

Leadership

Who you're dealing with.

In a market built on discretion, you should know exactly who sits across the table.

Ana Avramovic, Founder of Carbon Merchant

Ana Avramovic

Founder

Ana founded Carbon Merchant after years on the commercial side of Canadian carbon and clean fuel markets — structuring credit transactions, advising obligated parties and project developers, and building fund infrastructure for emission-reduction investment. She works across Alberta TIER, BC OBPS, the federal Clean Fuel Regulations, BC LCFS, and the global voluntary market.

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Behind the firm sits a working network of market operators, policy specialists, and transaction counsel — engaged mandate by mandate, so every engagement gets a full bench without carrying one.

Discretion Is the Product

Through price discovery and negotiation, the market sees Carbon Merchant — not you. Your name is disclosed only at confirmation, to the one counterparty you've chosen to contract with. Everyone you didn't trade with never learns you were in the market.

We engage where commercial outcomes are decided — post-FID, at validation, at issuance, and post-issuance — and we execute quietly. No client is named, referenced, or implied in our marketing, our conversations, or our content. Ever.
The First Conversation

A working session, not a pitch.

Thirty minutes. You bring the position — the obligation, the credits, or the deal. Here's what you leave with, whether or not we ever work together:

  1. A read on your market. Where your credit class or compliance segment is actually clearing, and what's moving it.
  2. A view on your structure. Whether agency or advisory economics fit your position — and why.
  3. One concrete next move. The single highest-leverage action for your book, named plainly.