Word: sandor
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Dates: during 2000-2009
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...Koka's funeral, as a septet of folk musicians played a dirge, some 400 mourners stood beneath canopies of pine and birch boughs listening glumly as the Rev. Sandor Gaal described the murder as part of a "storm" now enveloping Hungary. "The storm struck at our brother in Tiszalök," Gaal said. "The storm has upset life in this town...
...Sandor advocated an emissions trading program similar to the one he'd put forward for acid rain, and his thoughts helped shape the Kyoto Protocol, which requires developed nations to reduce their emissions and created a carbon trading and offset market to speed that process along. In the late 1990s he began formulating the Chicago Climate Exchange (CCX), a private emissions trading market, to take advantage of the changes he assumed would be coming when the U.S. ratified Kyoto. Of course, that never happened, but Sandor still launched...
...Sandor's idea was so successful that he was asked to the Earth Summit in Rio de Janeiro in 1992 to help design a program to finance reductions in carbon emissions. Sandor remembers the time fondly. "It reminded me of my days at Berkeley," he says. "There was more tie-dye than at a Grateful Dead concert. I was sitting on the beach and having a caipirinha, and I said, 'We could do this...
...that participate in it aren't being forced to make emissions cuts - the market has been a success. Today, he notes, CCX has more than 400 corporate members, who last year traded 23 million tons worth of carbon emissions - up from 10.3 million in 2006. Over in London, where Sandor opened up a European Climate Exchange - and where companies labor under Kyoto-mandatory carbon caps - trading has been strong, and the company itself is worth over $1 billion. "Carbon cap and trade is not a thing of tomorrow or a thing of today, but a thing of yesterday," says Sandor...
...dangerous climate change, a voluntary market like CCX will never be enough. What's needed is a mandatory carbon cap in the biggest carbon market of all - the U.S. If and when that happens, we may see carbon emissions drop as rapidly as SO2 and NO has fallen under Sandor's acid rain market - without emptying our national wallet. "I'm optimistic," says Sandor. "The potential [cap-and-trade] legislation is moving in the right direction. If we design the building right, it won't punish the economy." On this Earth Day, as we grapple with worsening climate change...