Richard L. Sandor, CEO of Environmental Financial Products and Aaron Director Lecturer in Law and Economics, University of Chicago Law School
Markets in emissions and “rights-to-use” have solved environmental problems and created enormous investment opportunities. They achieved this by commoditizing and pricing “externalities”, with the same concept being applied to weather-driven events and catastrophes. The convergence of the environment and finance is here to stay, and the market-based applications in sulfur dioxide and carbon emissions are only the beginning. This new asset class holds enormous promise in fields such as water quality and quantity and for countries like China and India. World-renowned financial innovator Dr. Richard Sandor will share his views from his most recent book (“Sustainable Investing and Environmental Markets: Opportunities in a New Asset Class” published by World Scientific) on where the opportunities are and what are the trends to watch for.
About Dr. Sandor:
Richard Sandor (Ph.D., Dr. sc. h. c.) is Chairman and CEO of Chicago-based Environmental Financial Products, which specializes in inventing, designing and developing new financial markets. EFP was established in 1998 and was the predecessor company and incubator to the Chicago Climate Exchange (CCX), the European Climate Exchange (ECX), the Chicago Climate Futures Exchange (CCFE) and the Tianjin Climate Exchange (TCX). Dr. Sandor is currently the Aaron Director Lecturer in Law and Economics at the University of Chicago Law School and a Visiting Fellow with the Smith School of Enterprise and the Environment at Oxford University. He was honored by the City of Chicago for his universal recognition as the “father of financial futures”. In 2002 he was named by TIME Magazine a “Hero of the Planet”; and in 2007 as one of the magazine’s “Heroes of the Environment” for his work as the “Father of Carbon Trading.” In October 2013, Dr. Sandor was awarded the title of Chevalier dans l´ordre de la Légion d´Honneur (Knight in the French National Order of the Legion of Honor), for his accomplishments in the field of environmental finance and carbon trading.