Interview: CCX’s Richard Sandor on carbon emissions

The Chicago Climate Exchange’s founder, Dr Richard Sandor – who played an instrumental role in the development of spot & futures markets under the US Acid Rain Program – speaks to Pauline McCallion about the similar role environmental markets can now play to deal with carbon emissions

Lengthy Congressional deliberations about over-the-counter (OTC) derivatives regulation have distracted attention somewhat from what was the hot political topic in the US only a few months ago. Democrat legislators in the House of Representatives and the Senate have struggled to gain support for several years for a wide-ranging energy bill that would create a basis for a national carbon cap-and-trade scheme. The House passed the American Clean Energy and Security Act in June 2009, which included