New Haven, Conn.—The founder of the Chicago Climate Exchange will discuss how market-based trading systems are more effective than government programs in reducing pollution on Monday, Sept. 10, at 11:45 a.m. at the Yale School of Management.
Richard Sandor, chairman and CEO of Environmental Financial Products, will discuss his new book, Good Derivatives: A Story of Financial and Environmental Innovation, in the General Motors Room on 55 Hillhouse Avenue.
“Environmental markets may ultimately help to find solutions to issues such as rainforest destruction, water problems and biodiversity threats,” said Sandor.
The talk is sponsored by the Yale Center for Business and the Environment, and will be broadcast simultaneously through the Yale Livestream channel at https://new.livestream.com/yale/CBEYSandor.
Sandor is recognized as the father of financial futures for his pioneering work in developing the first interest-rate futures contract in the 1970s, when he served as chief economist and vice president of the Chicago Board of Trade.
He is also the founder of the Chicago Climate Exchange, the world’s first exchange to facilitate the reduction and trading of all six greenhouse gases. In 2007, he was named the father of carbon trading by Time magazine for his work in designing, developing and launching the Chicago Climate Exchange and affiliated exchanges. He is currently a lecturer at the University of Chicago Law School and a Distinguished Professor of Environmental Finance in the Guanghua School of Management at Peking University.
Sandor is the inaugural speaker in the 2012-13 Sabin Sustainable Venture Prize Speaker Series. The Sabin Prize supports student and faculty efforts to start a sustainable for-profit business through cash prizes totaling $25,000. The Sabin Sustainable Venture Prize is an initiative created with the generous support of the Andrew Sabin Family Foundation. For more information, visit http://cbey.research.yale.edu/.