Richard Sandor

Richard Sandor is a prominent American economist and entrepreneur, known as the "father of environmental finance." He pioneered the creation of markets for trading environmental credits, emphasizing the importance of using financial mechanisms to address climate change. His work led to the development of cap-and-trade systems, which allow companies to buy and sell allowances for carbon emissions. Sandor has also contributed to the establishment of various financial derivatives, which help manage risks in different sectors. His innovative approaches have significantly influenced how businesses and governments address environmental challenges.