The CFA Team


About Stacy Swann

Stacy Swann

Stacy Swann is the CEO and Founding Partner of Climate Finance Advisors.  Ms. Swann has more than two decades of experience in finance, fund management and development, including with the International Finance Corporation (IFC) where she was Head of IFC’s Blended Finance Unit and was responsible for managing and investing more than $750 million in donor funding for climate-smart investments. While at IFC, she also supported World Bank Group efforts to work with policy makers and other financial institutions on issues related to blended finance, climate finance, climate-smart fiscal policies and incorporating practical policy and investment approaches to managing climate risk.  Prior to joining the World Bank Group, she worked in the private sector as a developer of infrastructure projects in India and Singapore.

In addition to running Climate Finance Advisors, Ms. Swann is currently Vice-Chairperson of the Board for the Montgomery County Green Bank, the United States’ first county-level green bank, and she sits on the Board of the Women’s Council on Energy and Environment (WCEE).  She also helped establish the Global Adaptation and Resilience Investment (GARI) working group which has convened over 150 private investors and other stakeholders to discuss practical approaches to adaptation and resilience investment.  In connection with Climate Finance Advisor’s work on climate risk and resilience, she is also interim Executive Director of the Climate Risk & Resilience Institute, a non-profit focused on advancing the understanding of climate risk with financial institutions, community banks and others through climate-risk education and knowledge products that can in turn catalyze climate-resilient financing.

Stacy holds an MBA in Finance and Development from American University, a Master’s Degree from Harvard University and a BA from City University of New York – Hunter College.

About John Paul (“JP”) Moscarella

John Paul (“JP”) Moscarella

John Paul Moscarella (“JP”) is a partner at CFA and an entrepreneur who has founded or co-founded four (4) companies, including: Emerging Energy & Environment (EEE), a fund management platform with approximately US$65 million in assets under management (AUM), and Econergy International (“Econergy”), a renewable developer with 260 MW (190 MW net) at the time of its sale in 2008 to GDF Suez (now Engie).

He was a leading executive for several clean energy companies, as well as a fund manager for two small private equity/venture capital funds. He has also served as a board director for over a dozen companies and organizations, including a current role as Board Director of the Latin America & Caribbean Council on Renewable Energy (LAC-CORE). JP is a pioneer in the field of carbon credits and climate finance and has participated in its application since the first Rio Earth Summit in 1992.

He has raised capital for start-up companies and several private equity clean energy funds or specialized environmental carbon funds, for approximately US$800 million in total capital.   Currently he is working on climate crowdfunding or fintech plays and recently has raised capital for clean energy start-ups in the USA, arranging seed financing and investing directly including community solar start-up Neighborhood Sun, ClearCove Systems (wastewater technology), and Brightfield Transportation Solutions (electric vehicle or EV charging stations).

JP received his MBA from Yale School of Management, and his BS in Environmental Engineering from Cornell University. JP is fluent in English, Spanish, Italian, Portuguese and French.

About Andrew Eil

Andrew Eil

Andrew Eil, as partner at CFA, focuses on the intersection of international development, public policy, climate finance, and sustainable investing. From 2014 to 2018 as an independent consultant, his clients included the World Bank, U.N. Environment Programme, ICF International, C40 Cities Leadership Group, Pisces Foundation, and Bloomberg LLP. As Coordinator of Climate Change Assistance Programs at the U.S. Department of State from 2010 to 2014, he managed a $75 million portfolio of clean energy programs funded by the U.S. government’s Global Climate Change Initiative, designed to assist developing countries to accelerate their transition to low-carbon growth pathways. Prior to joining the State Department, Andrew worked for the World Bank and International Finance Corporation on the World Bank Group’s clean energy strategy (2009-2010). From 2003 to 2007, as the Coordinator and Regional Director for Development at the Eurasia Foundation’s Central Asia regional office in Almaty, Kazakhstan, he managed a portfolio of more than 20 government- and privately-funded programs to promote civic engagement, entrepreneurship, and improved public administration in the former Soviet Union. A level II candidate for the CFA (Chartered Financial Analyst) and FSA (Fundamentals of Sustainability Accounting), he speaks Russian, French, Mandarin Chinese, and Spanish.

About Laurence Blandford

Laurence Blandford

Laurence Blandford is a partner who comes to CFA with over 20 years working on economic and environment policy under his belt. He has worked on a range of projects and publications related to climate policies and negotiations, design and delivery of climate finance programs, and carbon markets. Clients have included the Green Climate Fund, the Swedish Energy Agency, the European Climate Foundation, the World Economic Forum and a number of developing country governments.

From 1997 to 2015, he worked as a diplomat and policymaker on international economic and environmental issues for the Government of Canada. This included seven years as part of Canada’s international climate change team at Canada’s environment ministry, first as a lead negotiator on finance issues under the UNFCCC and then as the executive overseeing Canada’s $1 billion portfolio of international climate finance, including large scale private-sector oriented blended finance vehicles and numerous bilateral technical cooperation projects to support mitigation action in developing countries. Laurence served as advisor to the Transitional Committee to establish the Green Climate Fund and was Canada’s negotiator for the landmark Durban decision to adopt its founding instrument.

He served as representative of Canada’s Finance Ministry and Central Bank in Japan from 2003 to 2007 and was a member of the policy team responsible for Canada’s engagement in the G7/8 Summit process, including during Canada’s Presidency in 2002.

Laurence holds a B.A. in Economics from Concordia University, Montreal, and an MBA from INSEAD, Fontainebleau, France and is fluent or proficient in seven languages.

About Christina Stanton

Christina Stanton

Christina serves as CFA’s Chief Operations Officer (COO), in which capacity she manages CFA’s personnel, guides project management, oversees operations, contributes to corporate strategy and communications, cultivates partnerships and develops new business opportunities for the firm. Christina has over fifteen years of climate and energy expertise. She has cultivated a strong technical, policy, and commercial skillset matched with successful strategy, business development, fundraising, and communication capabilities.

Christina’s experience ranges from helping a start-up win funding from a leading tech company to providing research and project management support for a NASA climate impact scientist working on climate resiliency for the NYC Department of Environmental Protection. She has engaged across sectors including clean energy, climate mitigation and adaptation, climate finance, waste, transportation, agriculture, entrepreneurship and early-stage financing, and most recently climate analytics.

She previously was the Director of Development and Partnerships for the Center for Clean Air Policy and earlier in her career served as the Director of Investor Relations for Natsource Asset Management. Christina also managed a commercial scale solar energy territory for NextEra Energy Resources and provided research, project management, and policy development support for the Goddard Institute of Space Studies (at Columbia University) and the Development Bank of Japan New York Representative Office.

Christina holds a Master of Public Administration from Columbia University and a Bachelor of Arts from Sweet Briar College.


About Yan Fan

Yan Fan

Yan Fan is passionate about the blended finance solutions in delivering sustainable economic development and climate resilient future. While working at CFA since 2017, his experience includes financial modeling for a large green bond fund in formation for Latin America, supporting climate change strategies, policies and procedures for multilateral and national development banks, and conducting due diligence for philanthropic impact investment in emerging markets.

Prior to joining CFA, Yan served as a government sponsored secondment trainee at UNESCO Institute for Lifelong Learning (UIL) in Hamburg, Germany from 2015 to 2016, where he engaged in developing UNESCO Global Network of Learning Cities (GNLC) online case studies to facilitate universal lifelong learning and the UN Sustainable Development Goals (SDGs). He also interned at McKinsey & Company and China Banking Regulatory Commission.

Yan holds a Masters degree from School of Advanced International Studies (SAIS) at Johns Hopkins University (JHU) with a focus on International Economics and Energy, Resource and Environment (ERE), and a Bachelors degree in International Relations from Fudan University in Shanghai, China. He is a candidate for the Chartered Financial Analyst designation (currently Level II), and speaks Chinese and German.

About Karen Piñeros

Karen Pineros

Karen Piñeros is a financial expert with experience in banking and financial risk management for asset management in Latin America (LA). Karen has worked for several Colombian-based financial companies, including Grupo Bancolombia, where served as risk coordinator of mutual funds, private investment portfolios and private-equity funds, and developed market and liquidity risk assessment of the hedge-derivatives of Colombia´s road infrastructure projects. Karen also advised Panama-based subsidiary of Grupo Bancolombia on the definition of risks policies and technical procedures for estimating risks exposures.

Prior joining CFA, Karen worked for the global provider of risk solutions Kroll, where she conducted due diligence in risk compliance for corporations and individuals in LA and the U.S., and was also a research assistant at American University.

While working at CFA, she has supported projects for mainstreaming climate risks in multilateral and national development banks’ project cycles in LA, and conducted risks assessments for a green bond fund in the region.

Karen holds a master’s degree in Sustainability Management from American University and received her bachelor’s degree in Finance and International Relations from Externado University in Bogotá, Colombia. She is a certified Financial Risk Manager (FRM) from the Global Association of Risk Professionals (GARP).

About Sheldon Cheng

Sheldon Cheng

Sheldon Cheng has a deep interest in climate change resiliency and is passionate about the role of finance and policy in promoting sustainability.

His work experience in climate resiliency includes developing business plans for off-grid solar investments in West Africa, landscape mapping and business development for airborne energy kites with Google X, consulting for sustainable smallholder farming in Haiti, and developing case studies for climate adaptation and resilience investment in the agriculture and supply chain sectors. Prior to focusing on climate finance, Sheldon worked for a boutique investment bank in Hong Kong, advising on a range of projects including IPOs, M&A transactions, and derivative offers.

Sheldon received his BSc in Economics from University College London, and his dual degree MBA and Master of International Affairs in Global Energy Management and Policy and Climate Change and Business, respectively, from Columbia University.


About Alan Miller

Alan Miller

Alan Miller is a lawyer and an internationally recognized authority on climate finance and policy.  His clients include a UNDP project supporting modernization of weather observation systems in 11 African LDCs; a US AID program on the economics of climate change; and helping produce a World Bank publication on energy access. In 2014 he retired from the International Finance Corporation (IFC) after 16 years in the World Bank working on climate change issues including 6 years in the Global Environment Facility (GEF) Secretariat.  His responsibilities included representing the IFC/WBG in international forums focused on climate change and green growth including meetings of the UN Framework Convention on Climate Change, G8, and the G20.  He was a frequent blogger on climate change topics, organized courses for IFC staff on climate change, and contributed to numerous publications on climate change and green growth. He is also an Associate with Acclimatise UK; and Research Associate, Overseas Development Institute.

Prior to joining the IFC in 2003 Alan was for six years Climate Change Team Leader at the GEF Secretariat managing policies and approval of over $1 billion in donor funding for clean energy projects in more than 70 developing countries.  He previously created and directed the Center for Global Change at the University of Maryland (1989-96) and served on the staffs of the World Resources Institute, Natural Resources Defense Council, and Environmental Law Institute.  His degrees are from Cornell University (A.B., Government 1971) and University of Michigan (J.D. and M.P.P. 1974).  He was a Fulbright Scholar in Australia (1977) and Japan (1987).

About Marta Simonetti

Marta Simonetti

Marta Simonetti is an experienced green finance director based in London. She worked in the City of London, initially in marketing and then in development and transition banking for the European Bank for Reconstruction and Development. In 2017 she set up her consultancy, Globalfields Ltd, which specializes in green finance, sustainable processes and products, and transformational leadership.In her assignments, Marta is focusing on the green transformation of companies and financial markets, working with governments, financial institutions and the consultancy sector in Europe, Africa, Central Asia and south-east Asia. Marta’s main areas of expertise include: fund management (legal and institutional structuring), blended finance structuring (mixed participation equity and loans; revolving funds; guarantee funds), resource mobilization, program and product structuring in climate and environmental finance.

Marta is proficient in five languages: Italian, English, French, Spanish and German. She is also a certified professional coach (CPC), with a Master of Science degree in Comparative Politics from the London School of Economics and Political Science (LSE); a Diploma in Management (Birkbeck, University of London); Climate Change Science and Policy specialization (Imperial College); Climate and Sustainability Leadership (Cambridge University).

About Ricardo “Rick” Nogueira

Ricardo “Rick” Nogueira

Ricardo “Rick” Nogueira consults on climate finance and climate change policy, international development, and sustainable investing.  Most recently Rick completed a tour at the U.S. Department of State with the Obama administration where he served as a Senior Adviser to the U.S. Special Envoy for Climate Change.  As State’s GCF lead, Rick oversaw all GCF related matters including initial resource mobilization, institution building, strategy and public outreach. Rick also represented the U.S. on the Board of the Green Climate Fund (GCF), the largest multilateral climate fund, serving on both the Private Sector Advisory Group Committee and the Strategic Plan Working Group.

Prior to government service, Rick spent 10 years in private sector fund management with a focus on carbon markets and clean energy. His most recent role was as a Managing Director at EEA Fund Management, where he founded Leaf Clean Energy Company, a $400 million publicly-listed clean energy investment private equity fund that built a portfolio of investments across a variety of sectors including wind power, solar panel manufacturing, Brazilian biofuels, biomass power, LFG capture, waste-to-energy, concentrated solar and hydro power. Previously Rick oversaw the Latin American portfolio for Trading Emissions plc (TEP), a $600MM AUM emerging markets-focused publicly traded investment fund with invested equity and mezzanine debt in renewable and low-carbon businesses as well as in greenhouse gas emissions trading markets.

Earlier in his career, Rick practiced law with a focus on energy transactions and climate policy. He spent five years as a senior associate at Washington D.C.’s Van Ness Feldman and three years in São Paulo (Brazil) with Felsberg & Associados.

Rick holds a BA in Anthropology from Lafayette College and a JD from Seton Hall School of Law. He is fluent in English and Portuguese and capable in Spanish.

About Darius Nassiry

Darius Nassiry

Darius Nassiry provides expertise on sustainable finance and climate-related investments. 

He has served as a consultant to the Asian Development Bank (ADB), Climate Bonds Initiative, the German Corporation for International Cooperation (GIZ), and the Norwegian Investment Fund for Developing Countries (Norfund). 

He has served as a principal with Rocky Mountain Institute (RMI) where he focused on systemic approaches to align global investment with clean energy goals and oversaw the build-out of several strategic initiatives as well as thought leadership work.

At the Overseas Development Institute (ODI), he contributed to research on sustainable infrastructure, financing of commitments under the Paris Agreement, and potential for new technologies to support achievment of the Sustainable Development Goals.

As a visiting fellow with the Center for Global Development (CGD) he designed a public-private renewable energy fund and conducted research on financing clean technology.

He served as advisor to the Director-General and head of international cooperation at the Global Green Growth Institute (GGGI) and led country teams at the Millennium Challenge Corporation (MCC), where he developed investment programs in Asia and launched the agency’s climate change initiative.  Previously he worked as investment banker in the energy and utilities sector in New York, London and Tokyo.

Darius began his career as a U.S. diplomat in Mexico and Kenya. He holds a Master’s degree from the Woodrow Wilson School of Public and International Affairs at Princeton University and a Bachelor of Arts from Carleton College. He is fluent in Spanish and has lived and worked in Europe, Asia and Latin America.

About James O’Connor

James O’Connor

James O’Connor is a consultant for the U.S. government as well as several private equity groups, family offices, and hedge funds. In his work, James focuses on encouraging economic prosperity through investment facilitation and promoting sound economic policy. He has expertise in deal structuring, accessing international capital markets, and emerging and frontier market investing.

From 2014-2015, James managed the $40 million Direct Technical Assistance fund of the Interamerican Investment Corporation to increase business opportunities, strengthen SMEs, and encourage clean energy and energy efficient projects throughout Latin America.

James previously worked with the Task Force for Business and Stability Operations of the U.S. Department of Defense to facilitate investment in private companies in Afghanistan. James’s work was instrumental in bringing return-seeking capital to Afghan businesses in a variety of sectors.

After beginning his career at UBS, he worked on EU-U.S. trade and economic relations at the European Parliament, he founded and led the Global Business and Economics Program at the Atlantic Council during the nadir of the 2008 financial crisis, and was also an MBA-intern at Atico Investimentos of Brazil with a focus on electricity producing asset acquisition.

James has an MBA in finance from Boston University and a BS in Business Administration from Georgetown University. He is a candidate for the Chartered Financial Analyst designation (currently Level III), and speaks Spanish, Portuguese, and French.


About Lauren Carter

Lauren Carter

Lauren is an independent climate finance specialist who works with governments, development finance institutions and private investors to develop and scale climate-smart strategies and investments around the world.

Lauren served as the Director of Climate Finance Initiatives for a boutique climate finance advisory in Morocco where she guided the government’s engagement with the Green Climate Fund and other sources of climate finance. Working with government ministries, she developed a pipeline of bankable climate projects across the low-carbon transport, renewable energies, energy efficiency, agriculture and land use sectors. Lauren is also a specialist in private sector accreditation to the Green Climate Fund. During COP 22 and 23, Lauren acted as a climate finance advisor for the Moroccan COP 22 Presidency and launched COP’s first official private finance event, the Global Climate Finance Action Summit. Earlier in her career, Lauren worked in the field on climate adaptation challenges as an Agriculture and Environmental Advisor with the Peace Corps in Burkina Faso, West Africa and in the private sector as a hedge fund analyst.

Lauren received her MBA from HEC Paris and a B.A. in Geography from the University of Texas – Austin. She is fluent in French.