TerraCarbon LLC ® is a leading advisory firm


that develops and sells carbon offsets to fund forest and wetland conservation around the world. We believe that innovative approaches that place a value on nature and provide incentives for conservation are critical to addressing climate change, improving the availability and quality of freshwater, protecting biodiversity, and alleviating poverty.​


We have worked with our clients on more than 30 projects around the world that have protected and restored more than 5 million acres of forests and wetlands and have reduced greenhouse gas emissions by 45 million tons.

Our History


TerraCarbon was formed in 2006 by Scott Settelmyer, former CFO of the Chicago Climate Exchange, and Dr. Bernhard Schlamadinger, one of the world’s leading forest carbon experts.  Scott and Bernhard recognized the massive potential of forests and wetlands to reduce greenhouse gases, and believed that results-based, carbon market incentives could unlock this potential.  They also recognized the complexities of emerging carbon markets and the need for specialized expertise to help conservation projects gain access to this new source of funding.

Our Model


We operate under a traditional fee for service consulting model, and do not take equity ownership or credit ownership in the projects that we advise.  This model puts us on the same side of the table as our clients and allows us to provide unbiased advice.

Our Guiding Principles

Our Team

TerraCarbon is a Certified B Corporation


This means we have been certified by the non-profit B Lab for meeting rigorous standards of social and environmental performance, accountability, and transparency. As a Certified B Corp, and unlike traditional corporations, we’re legally required to consider the impact of our decisions on our employees, suppliers, community, consumers, and environment.

We at TerraCarbon

became a Certified B Corp in 2012 to demonstrate that our business has a higher purpose than simply profit, and that is contributing to the protection of the world’s forests for the benefit of the world’s climate, wildlife, and people.​

Scott Settelmyer

Managing Director 

Scott develops carbon finance and offset marketing strategies to fund forest and wetland conservation.  He is the co-founder of TerraCarbon and an expert in carbon finance, with more than 12 years of carbon market experience and 20 years of financial market experience. Scott is the former CFO of the Chicago Climate Exchange and Treasurer of ALLTEL Corporation.

David Shoch

Director, Forestry and Technical Services 

David designs and monitors forest and wetland carbon offset projects. He has more than 20 years experience, working on dozens of forest carbon projects around the world and co-authoring several carbon project methodologies.  Prior to joining TerraCarbon, David worked for The Nature Conservancy and Winrock International. He is a member of the Forest Stewards Guild, a Certified Forester by SAF and holds a Master of Forestry degree from Duke University.

Rebecca Dickson

Senior Manager, Remote Sensing and Spatial Modeling

Becky maps forest and ecosystem resources, analyzes past land use trends, and models future land use change. She has a PhD in Geography from Clark University and is an expert in geographic information systems, remote sensing analysis, land-cover classification and change analysis, and spatial modeling.

Devon Ericksen

Project Associate


Devon supports the design and implementation of nature-based carbon offset projects. She joined TerraCarbon in 2020. Devon has supported conservation and community development efforts around the world, working and volunteering throughout Asia and Latin America. Devon earned her Master's of Forestry from the Yale School of Forestry and Environmental Studies and her B.A. in Anthropology from the University of Virginia.


The markets for ecosystems services are credible only if they are supported by sound science.  We hire and partner with experts in the fields of conservation, forestry, forest ecology, and remote sensing sciences.​


The trust of our clients and partners is critical to building a successful collaboration. We build trust by being transparent and consistently delivering on our commitments.


Effective projects requires the collaboration of various stakeholders. We collaborate by listening to our clients and building project teams that include client staff and local people.

Capacity Building

The sustained success of carbon project activities depends on building strong local capacities. We freely share knowledge and train local people to build these capacities.

Ben Rifkin

Senior Associate


Ben designs and monitors nature-based carbon offset projects. He joined TerraCarbon in 2018. Ben  previously worked as a researcher at the Yale Myers Forest and Harvard Forest in New England and as a technician for the US Forest Service in southeast Alaska and for the Forest Inventory and Analysis program in California. Ben earned his Master's in Forest Science from the Yale School of Forestry and Environmental Studies.  He is a SAF Candidate Certified Forester (CCF).


Dan Kane

Senior Manager-Agricultural Land Management


Dan leads the agricultural land management practice at TerraCarbon and advises clients on the feasibility, design, and monitoring of programs that incentivize increased carbon storage in agricultural soils. He is a leading soil scientist with extensive experience in applying the latest science and technology to measuring soil carbon changes in agricultural lands.  Dan is a PhD Candidate at Yale School of the Environment (expected completion in Spring 2021) and holds a Masters of Science in Plant and Microbial Sciences from Michigan State University.


5901 N. Sheridan Road

Peoria, Illinois 61614


707 E Jefferson Street

Charlottesville, Virginia 22902

[email protected]