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Article: How To Blow Less Smoke.(Fareed Zakaria; The Future Of Energy)(Richard Sandor)(Interview)
- Article from:
- Newsweek
- Article date:
- September 15, 2008
- Author:
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Byline: Fareed Zakaria
The founder of the world's first carbon-offsets exchange would like to clear the air.
Barack Obama and John McCain agree on one thing: the need to cut carbon emissions. With both candidates backing that idea, smoke-spewing factories and power plants can expect big changes soon. Some have prepared by joining the Chicago Climate Exchange, a voluntary market that functions like the NASDAQ but trades emission rights instead of Google stock. Richard Sandor, an economist who's spent decades at the intersection of environmentalism and finance, founded the CCX--the world's first, and America's only, carbon market--in 2003. NEWSWEEK's ...