CHICAGO, Feb. 22, 2017 /PRNewswire/ -- The latest book by Dr. Richard Sandor, renowned financial innovator, environmental finance expert and University of Chicago Lecturer, is now available in the United States. "How I Saw It: Analysis and Commentary on Environmental Finance" takes the reader on a journey from 1999 to 2005 – a critical time period in the formation of market structures to address global environmental challenges.
The book compiles monthly columns Sandor wrote in those years for Environmental Finance magazine, including the lead-up to his creation of the Chicago Climate Exchange and its early years of trading, along with the launch of the European Climate Exchange. Sandor's innovations prompted TIME Magazine to name him a "Hero of the Planet" in 2002, and five years later one of the "Heroes of the Environment" for his work as the "Father of Carbon Trading." Taken together, Sandor's "How I See It" columns form a comprehensive historical analysis and commentary on environmental finance in the years following the Kyoto Protocol of 1997.
In his columns, Sandor made a variety of predictions that came true, including his belief that it would be up to the states, regions and free markets – rather than the federal government or a global initiative – to lead the efforts in reducing carbon emissions.
Sandor said: "I have always had a passion for financial innovation, but I also recognize as an academic that you have to educate continuously if innovation is to succeed. I set out 18 years ago to do just that with these columns, and I hope that the book will bring a new perspective on the era. I continue to believe wholeheartedly that markets, if properly designed and regulated, can play a critical role in solving environmental issues."
"How I Saw It" is available in hard cover or as an ebook from the publisher, World Scientific Publishing Co., at http://www.worldscientific.com/worldscibooks/10.1142/10329.
This is Sandor's fourth book. Previous works include "Sustainable Investing and Environmental Markets: Opportunities in a New Asset Class" and "Good Derivatives: A Story of Financial and Environmental Innovation" – both of which have been translated and published in Chinese by People's Oriental Press. Sandor is also the lead author of "Environmental Markets: A New Asset Class," published by the CFA Institute.
About Dr. Richard Sandor
Richard L. Sandor, Ph.D., is Chairman and CEO of the American Financial Exchange, a new electronic marketplace for small and mid-sized banks to lend and borrow short-term funds. He is also Chairman and CEO of Environmental Financial Products LLC, which specializes in inventing, designing and developing new financial markets. Established in 1998, EFP 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). Sandor is 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."
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SOURCE Environmental Financial Products LLC