Richard Sandor created the Chicago Climate Exchange and “Cap and Trade” (emissions trading) helped to commoditize carbon and other chemicals that have ruined our environment. Clean water and clean air are the most important commodities to protect as we head deeper into the 21st century.
The price of carbon has soared this year as carbon trading mechanisms begin to take off. Climate change has never been higher on the agenda and yet the world is still struggling to find the best way to resolve this serious issue. Acceptance is growing with regard to carbon trading to clean up the environment. For a recent article about carbon trading click here
In April of 2010, the Intercontinental Exchange (ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets announced terms to acquire the Chicago Climate Exchange.
Social and environmental objectives can be reached with financial incentives. See a TedTalk (below) here from Dr. Sandor.