Good Derivatives

Good Derivatives: A Story of Financial and Environmental Innovation explores the misunderstood role of financial innovation in addressing global challenges over the past 40 years. Through the insights of Richard Sandor, who pioneered concepts like interest-rate futures and emissions trading, the book illustrates how well-designed market-based systems can tackle issues such as climate change, pollution, and biodiversity loss. Filled with engaging narratives and valuable lessons, it presents a vision for the future of finance that emphasizes the potential of transparent and well-regulated markets to create positive environmental and social impacts.