Keynote speaker Richard Sandor, Chairman of the Chicago Climate Exchange, addressed the progression of value creation post World War II. In the Sixties it was manufacturing; in the Seventies, oil; the Eighties, commoditization of various financial assets like derivatives, and in the Nineties, commoditization of information. “In the 21st century, [value creation] will be marked by the commoditization of air and water. That’s nothing more than sustainability, to preserve a planet, put a price on public goods and be sure they are rationed appropriately…. This is cap and trade,” said Sandor.
“I owe my life and dreams to
sustainability,” he concluded. “Climate
change is is a critical issue and we must act urgently.” Sandor predicted that in the 21st century, “Sustainability leadership
will come from