KraneShares Lunch – Harnessing the Power of Carbon Markets: Navigating Opportunities and Developments
Thursday, May 30, 2024
12:00 pm CDT
Remington's
20 N Michigan Ave, Chicago, IL 60602
Please register below to attend this event
Event Details:
KraneShares Lunch – Harnessing the Power of Carbon Markets: Navigating Opportunities and Developments
Thursday, May 30, 2024
12:00 pm CDT
Carbon markets continue to make headlines for the crucial role they play in combatting climate change. In addition to their emissions reduction impact, these markets have piqued investor interest for their potential portfolio impact. This $900bn market potentially offers investors a structured asymmetric upside, low correlations to equities (0.3), bonds (0.08), and commodities (0.29), as well as inflation and energy transition risk protection*. To delve deeper into the latest updates and insights in carbon compliance markets, we cordially invite you to an exclusive investor lunch.
*Correlation of top 4 carbon allowance markets weighted by volume to equities, bonds, and commodities from period of July 31, 2014 - March 31, 2024. Data from Bloomberg.
Dr. Richard L. Sandor
Chairman of the Board & CEO at Environmental Financial Products, LLC
Dr. Richard L. Sandor (Ph.D., Dr. sc. h. c.) is CEO of Environmental Financial Products (EFP), which was the incubator to the Chicago Climate Exchange (CCX) and the American Financial Exchange (AFX).
Among Dr. Sandor’s academic roles, he is currently the Aaron Director Lecturer in Law and Economics at the University of Chicago Law School and an honorary Professor at the School of Economics at Fudan University and the University of Hong Kong. He formerly taught at graduate and undergraduate levels at several universities throughout the United States and lectures widely throughout Europe and Asia.
Known world-wide as the “Father of Financial Futures,” in 2002 he was named by TIME Magazine a “Hero of the Planet.” In 2007 as one of the magazine’s “Heroes of the Environment” for his work as the “Father of Carbon Trading.” And in October 2013, Dr. Sandor was awarded the title of Chevalier de la Legion d’Honneur (Knight of the Legion of Honor) in France, for his accomplishments in the field of environmental finance and carbon trading.
He served on the board of directors of leading commodities and futures exchanges such as the Chicago Mercantile Exchange, Intercontinental Exchange, Chicago Board of Trade, London International Financial Futures and Options Exchange and Tianjin Climate Exchange, as well as several philanthropic and non-for-profit organizations.
He authored and co-authored numerous academic and popular press publications and books on finance and environmental subjects. His most recent books include “As I Saw It,” a compilation of 5 years of monthly articles from Environmental Finance, and “Electronic Trading and Blockchain: Yesterday, Today and Tomorrow,” published by World Scientific in February 2017 and April 2018, respectively.
He earned a Bachelor of Arts degree from the City University of New York, Brooklyn College, and a Ph.D. in Economics from the University of Minnesota. In addition, he holds an honorary degree of Doctor of Science, honoris causa, from the Swiss Federal Institute of Technology (ETH).
Luke Oliver
Managing Director, Head of Climate Investments; Head of Strategy, KraneShares
Luke Oliver leads the KraneShares Climate solutions business building innovative products that provide access to unique markets within this growing investment universe. In addition to curating the firm’s climate, carbon and impact strategies, Luke works closely with clients to educate on the asset class and client implementation strategies. He is a regular industry commentator on TV, press, and online media and is responsible for digestible research on climate topics.
Prior to joining KraneShares, Luke built and ran the $21bn US XTrackers ETF business at DWS (formerly Deutsche Asset Management) where he pioneered currency hedging, onshore China, and more recently ESG strategies which were among the first to recognize the need for value-aligned portfolios. Prior to this, he was the portfolio manager of $16bn in commodity assets across the PowerShares DB Commodity ETF suite. Luke has a reputation for building strong, diverse teams, creating profitable businesses, and bringing innovative solutions to market. His 20-year financial career also included time on the capital markets sell-side.
This diverse experience has allowed Luke to identify the most powerful emerging trends in the investment landscape. “Pricing carbon emissions and decarbonizing the global economy is the single greatest challenge, and opportunity, we will ever be presented with. I have no doubt this will be our mission for the next 20 years and it must not fail.”.