Chicago Climate Exchange Founder Dr. Michael Walsh Joins Carbon Trade Exchange

New York - 16 September 2015

Carbon Trade Exchange (CTX), a global leader in environmental commodity markets, is pleased to announce that Dr. Michael J. Walsh will be joining the firm as Managing Director, Public Policy & Research. Dr. Walsh will also sit on the Board of CTX USA.

Walsh brings unique expertise to help CTX USA achieve its high-level strategic goals in advancing business and government relations, research, and product design. In coordination with the CTX leadership team, Walsh will drive the research and development of CTX products and services and will promote the CTX Market in the private and public sectors. 

Walsh is an industry leader in building pioneering market-based mechanisms that advance natural resource conservation and air and water quality. As a co-founder and Executive Vice President of the Chicago Climate Exchange, he directed new product R&D and policy analysis.  Walsh was instrumental in the creation of the European Climate Exchange and the Chicago Climate Futures Exchange and served on the Board of Directors of the Montreal Climate Exchange.  He has been a featured speaker at conferences, legislatures and academic institutions throughout the world.  

Walsh brings a track record of fostering constructive relations with international, federal and state environmental agencies and oversight bodies such as USEPA, CFTC and related Congressional activities, research bodies and industry associations.  As a Senior Economist with the Chicago Board of Trade, he directed the first three annual auctions of sulfur dioxide emission allowances (1993, 1994, 1995), conducted as part of the highly successful U.S. Environmental Protection Agency acid rain reduction program.  Walsh also served in the U.S. Department of Treasury’s Office of Tax Policy.  He earned a Ph.D. in Economics from Michigan State University.

Dr. Walsh cited his long-standing interest in the environmental markets space, noting, “I have been fortunate to contribute to the success of markets that helped drive massive cuts in U.S. air pollution at low cost.  I am very excited to help grow CTX as a company that offers superb customer service and new products that help support intelligent policy.  There is much to be done in this important space.” 

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