Publications

Now Available. See below for Details:

From 1999 to 2005, Richard L Sandor wrote a monthly column for Environmental Finance magazine. The column was called “How I See It”, and with this latest publication, Sandor has compiled all of his articles into one comprehensive historical analysis and commentary on the field of Environmental Finance.

How I Saw It offers a historical account of the development of the Chicago Climate Exchange (CCX) from the “father of carbon trading” himself, and also the developments in environmental markets over the years since the Kyoto Protocol in 1997. In his monthly contribution, Sandor makes predictions in his articles, and read for yourself to see if he has been on the right path (or not) all along.

###

The book retails for US$118 for the hardcover and US$94 for the e-book editions respectively. For further information regarding the book, please visit http://www.worldscientific.com/worldscibooks/10.1142/10329 or https://www.amazon.com/How-Saw-Commentary-Environmental-1999-2005/dp/9813202645/ref=sr_1_1?ie=UTF8&qid=1485795823&sr=8-1&keywords=how+i+saw+it

To receive a discount on World Scientific website, please use code WS1032940 for a 40% off original pricing.

About World Scientific Publishing Co.

World Scientific Publishing is a leading independent publisher of books and journals for the scholarly, research and professional communities. The company publishes about 500 books annually and more than 120 journals in various fields. World Scientific collaborates with prestigious organisations like the Nobel Foundation, US National Academies Press, as well as its subsidiary, the Imperial College Press, amongst others, to bring high quality academic and professional content to researchers and academics worldwide. To find out more about World Scientific, please visit http://www.worldscientific.com


Available in US December 1st, 2014. See below for Details:

Environmental finance expert and ‘father of carbon trading’ publishes new book

(Tuesday, September 23, 2014) “Sustainable Investing and Environmental Markets: Opportunities in a New Asset Class” by Richard Sandor, Murali Kanakasabai, Rafael Marques and Nathan Clark of Environmental Financial Products will be released on [October 9, 2014] by World Scientific Publishing. The book’s foreword is by world-renowned energy and sustainability expert Amory Lovins, co-founder and chief scientist of the Rocky Mountain Institute.

With a combination of over 50 years of practical experience in the field of environmental finance, the authors provide a solid preliminary understanding of the promising and transformational new investment category of environmental assets. There is currently no equivalent book in the market that covers environment-financial issues from a practitioner’s standpoint. This book combines economic theory and practical experience — making it a valuable tool for anyone who is interested in the environment as an asset class (investors, analysts, policymakers, students of finance and economics)

Dr. Richard Sandor, its lead author, is widely regarded as the father of financial futures and was named by TIME magazine as the “father of carbon trading”. Dr. Sandor is the founder of the Chicago Climate Exchange and its affiliated exchanges (European Climate Exchange, Chicago Climate Futures Exchange and Tianjin Climate Exchange, in China). Environmental Financial Products, LLC (EFP) 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 book introduces this new asset class to financial analysts, investors, and corporations. Bringing together economic theory and practical experience, the twelve chapters cover three broad asset classes: air and water; catastrophic and weather risk; and sustainability. It demonstrates how these environmental asset classes are being incorporated into commodities, fixed income, and equity instruments. The book concludes with some insights into the current state of this emerging asset class, some “food for thought” and an analysis of future trends.

“Environmental asset classes such as air and water markets are not a hope for tomorrow but a reality today. This new asset category promises to grow dramatically in the 21st Century as financial analysts, investors, and corporations around the world try to find ways to profit or reduce costs while promoting environmental social benefits,” said Dr. Richard Sandor, Chairman and CEO of EFP. “We hope this is a valuable tool to policymakers, professional investors and students interested in learning how to “do well and do good.”

###

The book retails for US$68/£45 for the hardcover and US$88/£59 for the e-book editions respectively. For further information regarding the book, please visit http://www.worldscientific.com/worldscibooks/10.1142/9203.

About World Scientific Publishing Co.

World Scientific Publishing is a leading independent publisher of books and journals for the scholarly, research and professional communities. The company publishes about 500 books annually and more than 120 journals in various fields. World Scientific collaborates with prestigious organisations like the Nobel Foundation, US National Academies Press, as well as its subsidiary, the Imperial College Press, amongst others, to bring high quality academic and professional content to researchers and academics worldwide. To find out more about World Scientific, please visit http://www.worldscientific.com

 

Good DerivativesGood Derivatives: A Story of Financial and Environmental Innovation, foreword by Ronald Coase, Nobel Laureate in Economics

Through the eyes of an inventor of new markets, Good Derivatives: A Story of Financial and Environmental Innovation tells the story of how financial innovation – a concept that is misunderstood and under attack – has been a positive force in the last four decades. If properly designed and regulated, these “good derivatives” can open vast possibilities to address a variety of global problems. Filled with provocative ideas, fascinating stories, and valuable lessons, it provides both an insightful interpretation of the last forty years in capital and environmental markets and a vision of world finance for the next forty years.

As a young economist at the Chicago Board of Trade, Richard Sandor helped create interest rate futures, a development that revolutionized worldwide finance. Later, he pioneered the use of emissions trading to reduce acid rain, one of the most successful environmental programs ever. He provides unique insights into the process of creating these new financial products. Covering successes and failures, the story describes the tireless process of inventing, educating and creating support for these new inventions in places like Chicago, New York, London, Paris and how it is unfolding today in Mumbai, Shanghai and Beijing.

The book tells the story of the creation of the Chicago Climate Exchange and its affiliated exchanges (European Climate Exchange, Chicago Climate Futures Exchange and Tianjin Climate Exchange, located in China). The lessons learned in these markets can play a critical role in effectively addressing global climate change and other pressing environmental issues. The author argues that market-based trading systems are a far more effective means of reducing pollutants than “command-and-control”. Environmental markets may ultimately help to find solutions to issues such as rainforest destruction, water problems and biodiversity threats.

Written in an engaging, narrative style, Good Derivatives is of interest to both practitioners and general readers who want to better understand the creative process of financial innovation. In the middle of so much distrust of markets, it is also a recipe of how transparent, well-regulated markets can be a force for good in the environmental, health, and social areas.

Visit www.GoodDerivatives.com to view upcoming book signings and events.