Our team

Market Advisory Group brings together Australia’s most experienced and independent carbon experts.

Raphael Wood – Managing Director

Raf is one of Australia’s most experienced carbon market professionals. With a career that has spanned all areas of environmental markets, including the design and implementation of the Emissions Reduction Fund and Carbon Farming Initiative, Raf founded the Market Advisory Group to offer his broad knowledge and unique perspective to all participants in Carbon and environmental markets as an adviser and consultant.

Starting his career as a Geologist in the mining industry, he worked for 5 years in mining and exploration, he then went on to work as a stockbroker and investment advisor for over a decade.

Raf spent the next 5 years as a key government advisor on the establishment and management of environmental markets with the Clean Energy Regulator. Rounding off his industry experience, Raf then spent 2.5 years working with Australia’s largest carbon project developer as Head of Environmental Markets.

Raf’s career and knowledge across liable entities, financial markets, government policy and carbon project development places him as one of the most uniquely qualified independent carbon and environmental market advisors in Australia. Raf founded the Market Advisory Group in 2018 and has been providing advice to a range of national and international firms.

Raf can bring this experience and skills together to assist corporate organisations, governments and the broader industry groups to maximise their impact and profitability.

James Turnbull – Director, Analytics

James leads our environmental market and energy modelling team. He has over 15 years’ experience analysing financial, energy and environmental markets in Australia. Most recently James was a lead market analyst at the Clean Energy Regulator before joining the Market Insights team at the Australian Energy Market Operator.  James has an in-depth understanding of Australian and international renewable energy, electricity, gas and carbon market dynamics.

Heather Layzell – Method Specialist

Heather is the founder and managing director of Coefficient Services, a company that works in partnership with Market Advisory Group. Heather has previous experience as the delegate within the Clean Energy Regulator on registering and crediting projects under the Emissions Reduction Fund. Heather is an authority on regulatory interaction and provides independent advice on the carbon industry, including how to generate genuine offsets and pathways for new entrants to carbon markets.

Amar Rathore – Renewables Expert

Amar has an extensive background in government and environmental policy including administering Australia’s Renewable Energy Target program for the Clean Energy Regulator and serving as a principal advisor for the Independent Review into the Future Security of the National Electricity Market (the Finkel Review). Amar also worked on electricity generation, transmission and distribution projects in India with a focus on renewable energy.

Justin Glass – Environmental Strategist

Justin has developed Australia’s most innovative carbon project portfolio with projects across sectors and is currently delivering Victoria’s largest carbon forestry investment. Since 1995, he has been providing environmental consulting services to businesses including Air New Zealand, Tesla, Disney, Telstra, BMW and many others. Justin creates scientifically credible, socially attractive, and economically viable carbon strategies.