Carbon Hunters: Reflections and Forecasts of Climate Markets in the 21st Century
The man who invented interest-rate futures went on to build a market for carbon, and explains both.
Richard Sandor, writing with Paula DiPerna, recounts a career spent creating financial markets that did not previously exist, from interest-rate futures to the Chicago Climate Exchange. Much of the interest is Sandor himself and the question of how a market gets built out of nothing. The forecasts for carbon trading sit on top of that story.
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Tyler Cowen
There is Richard Sandor and Paula DiPerna, Carbon Hunters: Reflections and Forecasts of Climate Markets in the 21st Century. Much of this is simply interesting material about Sandor himself.
Source · January 2026
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