Team and Advisors
Leslie L. Durschinger - Founder, Managing DirectorConservation Finance, REDD+ Program Development
- Leveraging 20 years of experience and a proven track record in the financial services industry, Ms. Durschinger founded Terra Global Capital in 2006 to promote results-based approaches to community-led forest and land-use emission reductions programs. Ms Durschinger is recognized as a pioneer and innovator in alignment of development values and financially viable approaches to sustainable landscape management. Terra is now the leader in forest and land-use emission reductions program development, GHG analytics and finance, providing technical expertise and investment capital to their global client base of governments, NGOs, and private companies in a collaborative and participatory manner. Prior to Terra, Ms. Durschinger held senior management positions in the areas of derivatives trading, investment management, algorithmic trading, risk management, and securities lending. She is a member of the Verified Carbon Standard (VCS) AFOLU Steering Committee, REDD+ Social & Environmental Standards Committee, VCS JNR Permanence Work Group, Coalition on Agricultural Greenhouse (C-AGG) Advisory Committee and W+ Standard Advisory Council. Ms. Durschinger and her family make small production olive oil on their farm in Mendocino County. Among her previous employers are JP Morgan, Merrill Lynch, Barclays Global Investors and Charles Schwab.
Terry Vogt - Managing Director, Finance AdvisorLatin American Investment Banking
- Experienced in international finance and private equity investments; directed a program on conservation finance at The Gordon and Betty Moore Foundation; former Deputy Director General of IICA, a multi-lateral organization dealing with rural sustainable development and agriculture in Latin America; founder of a boutique investment bank focused on Latin America; director of global funding and head of international investment banking at Wells Fargo Bank. Member of the foundation board of CATIE, Central American graduate school and research institution in agriculture, sustainable development, and climate change. He has a degree in Latin American History from Harvard, an MBA in Operations Research from the University of Colorado, is a Returned Peace Corps Volunteer, and in 1996 was awarded the Order of Rio Branco by President Fernando Henrique Cardoso of Brazil.
Sierra Chappell, PrincipalCorporate Finance, Contracts and Trust Fund Administration
- Joined Terra Global Capital in May 2009. Sierra manages Terra’s financial operations including the management of project budgets. She also manages Terra’s Human Resources department for its offices in Washington, D.C. and San Francisco. She brings to Terra Global a strong background in administrative and financial workflow, data research and analysis and business development. Prior to her work with Terra Global Capital she was in consulting and worked on business cases for communities and hospitals implementing health information systems. She earned an undergraduate degree from The George Washington University in International Affairs and Contemporary Cultures and Societies.
Kevin Brennan, CFA - Finance AdvisorInvestor Networks, Carbon Fund Management
- Kevin first trained as a portfolio management analyst at Merrill Lynch Investment Managers — now BlackRock — before moving into Institutional Sales and Product Specialist roles, including working on the initial capital raising for the BlackRock New Energy Technology Fund. Influenced also by the early development of emissions markets, Kevin was drawn to sustainability and pursued a Masters in Environmental Management, focusing on climate, environmental and natural resource economics. Subsequent roles combined project finance at HSBC with further product specialist work at the London-based fund-of-hedge-funds International Asset Management. Kevin has further experience with emissions reductions projects globally, working on the launch and portfolio structuring of the Natsource Carbon Asset Pool (multi-sector) in London and the Terra Bella Forest and Land-Use Carbon Fund at Terra Global Capital in San Francisco. The Terra Bella Forest and Land-Use Carbon Fund was selected for an anchor commitment from OPIC, the US development finance bank, in a competitive tender in 2011. Kevin's role at Equilibrium Capital gives him the opportunity to work across diversified sectors in capital raising and the structuring of investor-operator partnerships across real asset classes. Kevin completed his BCom bachelor’s degree in Economics and Business at the University of Edinburgh, including an exchange year at one of France’s leading business schools, Ecole Superieure des Affaires in Grenoble. He completed his Masters in Environmental Management at the University of New South Wales in Sydney and is a Chartered Financial Analyst.
Glenda Lee - Co-head Terra Latin AmericaForestry, FSC Certification
- Ms. Lee has more than 20 years experience in forest management and forest certification and 12 years experience in Carbon Markets and Finance working in various countries throughout Latin America. Ms. Lee has a background in Natural Renewable Resources, Engineering and Post Graduate studies in business environmental strategies and specialized studies in Forest Certifications in Sweden and South Africa and a Specialization in Forest Governance in Indonesia. She developed biomass allometric equations to estimate carbon stocks in 3 broad leaves forests in Guatemala. Ms. Lee was the Ecobusiness Manager at Grupo Agroindustrial Occidente, leading carbon market platforms for forestry, agro forestry and renewable energies in Latin America. Advising on developing the financial products through an IDB/RAINFOREST ALLIANCE/FIDOSA project designed to target Forestry Concessions in the Petén, Guatemala. Ms. Lee also assessed the performance of the financial products developed from a technical point of view based on FSC Certification. Ms. Lee possesses experience and good relationships and coordination with multi-stakeholders among Public and Private sectors. She is currently the Chairman of the board for the National Sustainable Forest Management Standards Council of Guatemala as well as the Network Representative for the Forest Stewardship Council International Network.
Nicole Rossell - Co-head Terra Latin America, Senior Portfolio ManagerConservation Finance, SME Development
- Ms. Rossell has over 19 years experience in the financial sector. Before joining Terra she worked at the Inter American Development Bank, responsible for designing & supervising over 63 local and regional projects for Central America in the following thematic areas: Rural Economic Development, Micropensions, Microinsurance, Financial Inclusion, Institutional Development for Micro Small & Medium Enterprises, Poverty Score Card, Factoring, Strengthening Public & Private Financial Institutions, Design of Green Finance Products for REDD+ projects, Cleaner Production, Forest Management, Clean and Efficient Technologies, Solar Energies. Ms. Rossell led the preparation of MIF Country Strategy in Guatemala, aligning it to government priorities and serving as a Strategic Advisor. She possesses an MBA with a concentration in Strategic Direction and Development; BA in Economics with a Concentration in Finance from Fordham University. Currently Ms. Rossell serves as a Board Member and Cofounder of Regional Microfinance & Rural Financial Inclusion Banking Committee; Board Member at Namaste Guatemaya; Member of the Technical Committee for the green finance portfolio at FIDOSA.
Diana Tocano, MBA - Principal, Terra Bella ColombiaAgronomy, Rural Development
- 15 years of experience in agriculture sector, Agronomist from EARTH University (Costa Rica) with an emphasis in Natural Resource Management and Masters in Business Administration (MBA). She has experience in rural development and sustainable agriculture in Nicaragua, Costa Rica and Colombia. Before joining Terra, she worked for 5 years at the International Center for Tropical Agriculture (CIAT) as Technical Coordinating and Liaison Officer for Colombia, previously worked at Biotrade Fund as Technical Coordinator promoting business and value chain from sustainable use of biodiversity. She possesses experience and know-how in sustainable agriculture and management systems quality such ISO 9001 and Good Agriculture Practices (GAP). In Nicaragua she reached experience in agrosilvopastoral systems and in Costa Rica with fruit processing and ecoturism.
Rigoberto Merino, MBA - Principal, Terra Bella ColombiaAgricultural Finance and Commercialization
- Over 15 years of experience working in the agricultural and oil & gas sectors in the area of project evaluation, cost management, investment analysis, strategic planning, business development and commercialization. Board Member for two years for Oleoducto Central S.A. and Oleoducto de Colombia S.A. pipeline companies and Transgas de Occidente, supporting their business strategy development. Head of the Dole’s financial analysis department responsible for the evaluation of investment projects, annual budget elaboration and performance management of producing farms in fruits, flowers and palm oil. Teaching experience in business administration at the Universidad Tecnológica de Honduras. Bachelor’s degree in Industrial Engineering from Universidad Tecnológica Centroamericana, Honduras. Awarded a Fulbright scholarship for MBA at Rochester Institute of Technology. Earned a MBA with a finance concentration from the Universidad de Los Andes and completed a Program for Senior Executives from INALDE.
Natural Resource Management
John Lewis, Ph.D. - Managing DirectorRural Development, Agriculture and Food Security
- Dr. John Van D. Lewis has worked for over 40 years combining his discipline, ecological and economic anthropology (Ph.D. Yale 1979), with international development management experience. By 2000, he had completed a 22-year career with USAID, retiring after six years as the Agency Senior Agriculturalist and Director of its central Office of Agriculture and Food Security. From that Senior Foreign Service vantage point Dr. Lewis brought several international agribusiness corporations to collaborate with US AID field programs. Serving in Senegal, Mali, Cameroon, Egypt, Tunisia, and then Haiti, Dr. Lewis was able to design and implement path-breaking new approaches to community-driven sustainable development in rural settings. Immediately following his retirement from the Agency, he became Executive Director of the Near East Foundation and then Pro-Natura USA, both in New York City. He has been a Managing Director at Terra Global since 2007.
Erica Meta Smith, M.F., RPF - PrincipalForesty, Field Training, GHG Quantification
- Erica Meta Smith, M.F., RPF. Forest Carbon Field Development Specialist, Joined Terra Global Capital in 2009. Erica provides technical forestry knowledge, on-ground carbon quantification expertise, and specializes in forest mensuration programs. Erica has firsthand knowledge of a forestry-based income the experience of depending on natural resources as a livelihood. Before working with Terra Global Capital Erica worked in forest policy and on forestry technical operations. Erica received her undergraduate in forestry and Master of Forestry from University of California-Berkeley in 2005 and 2007. Her master’s work reviewed California Climate Action Registry’s Forestry Protocols and implications of carbon markets in California. Erica is a Certified Ecologist through the Ecological Society of America and a Registered Professional Forester in the State of California. Erica has worked extensively in the REDD+ sector training communities and working with in-country experts for excellence in MRV across Africa and Asia.
Montague W. Demment, Ph.D. - Science AdvisorGlobal Livestock
- Dr. Demment is Vice President for International Development at APLU, former Director of the Global Livestock Collaborative Research Support Program, a program funded by USAID and the US university community, and professor emeritus of ecology at the University of California, Davis. In his position at APLU he has been involved in advocacy for higher education support for Africa, been instrumental in the creation of APLU’s Africa U.S. Higher Education Initiative and organized the process by which the research community provided input to the FTF strategy. Dr. Demment conducts research on nutritional ecology of herbivores and nutrition of children in developing countries. He is past president of AIARD (Association for Agriculture and Rural Development) and chaired then NASULGC’s International Agriculture Coordinating Committee that advocates for international issues in agriculture. Demment served as a Peace Corps Volunteer in Ethiopia. A native of New York, Dement earned his BA from Harvard in Architectural Sciences, his M.S. and Ph.D. from the University of Wisconsin-Madison in Zoology. He received an NIH postdoctoral fellowship to study animal nutrition at Cornell before arriving at UC Davis in 1982.
Emilio A. Laca, Ph.D. - Science AdvisorRangeland Ecology
- He received his Ph. D. in Ecology in 1992 from the University of California Davis and holds a M.S. in Range and Wildlands Science and B.Sc. Agricultural Engineering. He has research and teaching experience in multivariate systems and modeling, physiological basis for grazing management and ecology and conservation of natural resources. His recent work has covered statistical protocols for measuring carbon flux, carbon sequestration in the rangelands of Central Asia and, quantification of CO2 exchanges using tower measures, modeling and remote sensing. He serves as chair for three committees in Environmental Sciences and Ecology at the University. He is the Associate Editor Rangeland Ecology and Management and serves to review manuscripts and proposals from multiple international journals and funding agencies. He manages a team of 17 Ph.D. and MS students who are engaged practical applications of carbon measurement research and field science.
Susan L. Ustin, Ph.D. - Science AdvisorSpatial Technologies and Remote Sensing
- She received a Ph.D. in Botany from the University of California Davis in 1983 in the area of plant physiological ecology. She became interested in remote sensing research as a post-doctoral fellow when she had the opportunity to participate in the first stage of development of imaging spectroscopy at the Jet Propulsion Laboratory. Her research since this time has focused on developing and testing methods for retrieving ecological information from remote sensing data at spatial scales from microscopic to global and encompasses both theoretical and applied research. She has served on a wide range of state and federal panels and committees, most recently an NRC review of 50 years of NASA Earth Science Research and NPOESS Science Advisory Board for Northrup-Grumman. She manages the Center for Spatial Technologies and Remote Sensing (CSTARS) laboratory of about 25 people.
Steven De Gryze, Ph.D. - Science AdvisorSoil Science, GHG Quantification
- Ecosystem scientist and software engineer, focusing on carbon and nitrogen cycling and greenhouse gas emissions from terrestrial systems at a regional scale. He has developed and used advanced ecosystem models to forecast carbon changes for the past 10 years. He completed his B.Sc. majoring in Bio-engineering Sciences, his M.Sc. in Environmental Technology (in collaboration with the Natural Resource and Ecology Laboratory at Colorado State University in Fort Collins and the University of Aberdeen in Scotland), and a second M.Sc. in Statistics and his PhD in soil conservation from the Catholic University of Leuven (Belgium). Steven is a recognized leader of methodology and protocol development at the project and jurisdictional level for REDD+ and has developed protocols for numerous market standards for low emission agriculture. Steven lead of the carbon analytics team at Terra Global and currently employed as a Scientific Software Engineer at The Climate Corporation.
Shahira Esmail M.S. - PrincipalAgronomy, Climate Smart Agriculture
- Ms. Esmail brings extensive knowledge and experience in the development of strategies to reduce greenhouse gas (GHG) emissions for the agricultural sector. In particular, she specializes in the development of GHG methodologies and developing projects to encourage the adoption of these activities on agricultural fields. Prior to joining Terra, she worked as a project manager at ClimateCHECK, where she contributed to the adaption and implementation of a nutrient management protocol in the American Midwest and to various extension programs across Canada for the adoption of the 4R’s Nutrient Stewardship Principles. She conducted her Master’s research in Costa Rica investigating the impact of climate change on the growth of tropical agroforesty tree seedlings and on soil microbial community dynamics, receiving a Masters degree in Environmental Studies from the University of Waterloo. She also has a Bachelor’s degree in Environmental Science from the University of Guelph.
Anthony DiBiase, M.S. - AssociateRemote Sensing, GIS and GHG Quantification
- Tony is a geospatial data analyst with a strong background in using GIS and remote sensing analysis to quantify land-use impacts for conservation of forests and habitat. He excels at data visualization, geospatial programming, multivariate statistical analysis, spatial analysis, as well as designing visually compelling, statistically robust map products. Prior to joining Terra, his past employers included TetraTech, NASA Ames Research Center, and Marstel-Day, where he worked on a wide variety of projects ranging from habitat classification on U.S. Marine Corps installations, prioritizing protected land on U.S. Air Force properties, modeling wildfire at Glacier National Park, and analyzing ecosystem connectivity in North Carolina. He holds a Masters in Environmental Management and a Masters Certificate in Geospatial Analysis from Duke University’s Nicholas School of the Environment, with a B.S. Society and Environment, Minor in Forestry and Natural Resources from University of California at Berkeley.