Article and Video interview with Richard Sandor: Creating a market to fund climate change
Professor at Berkeley before be coming the chief economist and vice president of the Chicago Board of Trade in the 1970s.
Sandor founded the Chicago Climate Exchange to facilitate the reduction and trading of greenhouse gases (vapor market)
Sandor: “father of carbon trading”
The following key points were discussed:
- Sandor helped set the standard for China’s climate exchange
- Markets take 20 years to mature
- Markets have to bedesigned specifically to fit the culture of a country
- Information is the commodity in this century
- The Libor manipulation scandal brought forth the idea for Ameribor
- Blockchain is not as new as people think, having been invented by Stuart Haber and not by Satoshi Nakamoto
Richard Sandor, Testimony at the White House Conference on Climate Change, 1997; U.S. Senate Energy and Natural Resources Committee, September 30, 1997
Dr. Richard L. Sandor Chairman and Chief Executive Officer, Centre Financial Products Limited
“In 1991 we began working with UNCTAD to design an international system of tradable greenhouse gas (GHG) emission allowances as a contribution to the “Rio process” and its search for workable mechanisms to deal with climate change.
With an agreement to reduce GHG emissions potentially emerging from Kyoto, we must now prepare for the challenge of moving from the drawing boards to implementation. A wealth of lessons is available to us from inventive processes ranging from aircraft to computers to new commodity markets. The evolutionary development pattern observed for many international treaties and, as well, for cooperative compacts such as European Community, is also pertinent.”
See the Articles and Collected Links on Richard Sandor – above on the right.
“You can put a price on nature” read air.
