Richard L. Sandor, Ph.D., Dr., Sc.h.c.
Richard L. Sandor is chairman and chief executive officer of Environmental Financial Products LLC, which specializes in inventing, designing, and developing new financial markets with a special emphasis on investment advisory services. EFP was established in 1998 and was the predecessor company and incubator to the Chicago Climate Exchange (CCX), the European Climate Exchange (ECX) and the Chicago Climate Futures Exchange (CCFE). He is also the author of Good Derivatives: A Story of Financial and Environmental Innovation, published in 2012.
Murali Kanakasabai, Ph.D.
Murali Kanakasabai is Managing Director with Environmental Financial Products (EFP), LLC. Prior to joining EFP, Dr. Kanakasabai served as Senior Vice President with the Chicago Climate Exchange (CCX) and its affiliates where focuses on research and education in greenhouse gas emissions markets, new product innovation, management of emission offsets and International business development.
Dr. Kanakasabai is also extensively involved in strategic international environmental initiatives especially in India. He was the CCX’s lead business development liaison in South Asia where he was responsible for capacity building and recruitment of over 150 Indian companies to access the CCX Greenhouse Gas markets. He served as the primary technical expert in the design of the India Climate Exchange, a voluntary trading program in development for South Asian corporates. Dr. Kanakasabai also serves as member of technical steering committee for a voluntary India energy efficiency market being developed by the British High Commission.
Dr. Kanakasabai has worked extensively on impact of climate change on U.S. agricultural productivity and subsequent potential of U.S. farmers to adapt to adverse climatic shocks. Within CCX, he has led the effort on land use change and forestry based offsets. Along with CCX’s research team, Dr. Kanakasabai developed, with a team of experts, a set of guidelines and procedures for inclusion of agriculture and forest based sinks in the carbon market as tradable commodities.
Prior to joining CCX, Dr. Kanakasabai researched agricultural risk management and climate change at the University of Kentucky. He has also worked on applied economic research examining the economics and environmental aspects of precision agriculture, weather derivatives markets, and rural development with emphasis on rural entrepreneurship.
He is frequently invited to speak at industry conferences and educational seminar around the world and has contributed extensively literature on environmental markets. He is author of a book on Farm Adaptation to Climate Change.
Dr. Kanakasabai has lectured at the Lexington Community College and at the University of Kentucky. He holds a Ph.D. in Agricultural Economics and Master in Economics from The University of Kentucky, a MS in Agricultural Extension from the Indian Agricultural Research Institute, India and a BS in Agriculture from Tamilnadu Agricultural University, India.
Rafael L. Marques
Rafael Marques is Managing Director of Environmental Financial Products. Prior to this position Marques served as Senior Vice President of the Chicago Climate Exchange (CCX) where he was actively involved in all phases of the feasibility and design phases of the Chicago Climate Exchange and worked on the program’s membership outreach and expansion into Latin America . He also worked in research relating to business opportunities in carbon sequestration and sustainable forestry management.
He was also actively involved in the development and implementation of CCX international activities and joint ventures. Marques previously worked as a researcher at the Brazilian Embassy in Washington, where his responsibilities included research and analysis of trade-related issues. Marques was also a lecturer in Economics at the University of Illinois, Chicago.
Marques attended several Conference of the Parties to the United Nations Framework Convention on Climate Change as both a delegate and presenter. He has lectured on the subject of market-based solutions to environmental problems at Northwestern University, the University of Illinois, Brazil, India and China. He co-authored articles on the Chicago Climate Exchange published by the United Nations Conference on Trade and Development and by Britain’s Royal Society.
Marques is a native of Brazil and holds a Bachelor of Arts degree from Luther College and a Master’s degree in Economics from the University of Illinois at Chicago. He also studied for one year at the University of Nottingham (England) under an honors program.