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Contributor

Jon A. Anda, Executive-in-Residence Fuqua School of Business, Visiting Fellow Nicholas Institute

Biography provided by participant

Anda recently joined Duke University to work on issues related to carbon financial markets. He was previously president of the Environmental Markets Network, an organization set up within the Environmental Defense Fund to build support in the financial community for market-based solutions to climate change.

Anda joined EDF in early 2007, after serving as a vice chairman of Morgan Stanley. During his 20 year career at Morgan Stanley, he led a number of business units including Global Capital Markets, Corporate Finance, Equity Capital Markets, Investment Banking Asia, and Institutional Equities Asia. After joining the firm in 1986, he was named managing director in 1992 while serving as a generalist investment banker in the firm’s Chicago office. Anda has worked with a wide range of clients including GE, Google, The Peoples Republic of China, and The Chicago Mercantile Exchange.

Anda graduated from the University of Illinois in 1979 and received his MBA from Northwestern University, Kellogg Graduate School of Management in 1980. After business school, he worked in Project Finance at Continental Illinois National Bank where he financed alternative energy projects during the last energy boom. Anda is a member of the Board of Trustees of the Asia Society, where he has funded (and is working actively on) the new “Initiative for U.S. - China Cooperation on Energy and Climate”. He also serves on the President’s Advisory Council of EDF.

Recent Responses

October 15, 2009 08:04 AM

RE: Kerry-Boxer: Worth The Wait?

Kerry-Graham Pillars  For the 4 pillars of Kerry-Graham - revitalized nuclear, the Saudi Arabia of clean coal, border taxes, and price collars - the beauty is in the details.  For the first two, the question is how much base load capacity do we really need if financial incentives are changed from rate base to demand management?  For the third, the concept of a globally coordinated border tax might avoid the trade war that a unilateral one risks.  But the fourth pillar is where details matter the most - the dynamic process of a co2 market driving investment to find the…  Read more

October 5, 2009 09:17 AM

RE: Should We Nix Cap-And-Trade?

Updated at 10:32 a.m. on Oct. 5.  Fair question.  Does society want a cap on emissions or a cap on policy cost?  If you view climate risk as a fat-tail risk of catastrophic consequences then capping emissions is better.  Capping emissions ensures that low-carbon investments get made and that (with global participation) atmospheric concentrations of co2 decline.  In theory, a variable carbon tax could do the same thing - but the reality of that is unlikely.   Nonetheless, why not use both?  Cap and trade for power plants and large industrial sources makes imminent sense (as Europe has done).  I…  Read more

August 31, 2009 09:32 AM

RE: Should EPA Bow To Chamber's Demand?

Chamber members might benefit from viewing climate change as a fat-tailed risk of catastrophic damages.  In this context, it is difficult to argue against the language of "reasonably be anticipated to endanger public health or welfare" required by EPA.  The Scopes trial-like "prove it" seems inane relative to the actual risk-management-like "hedge it" -- and managing risk is something Chamber members know well. Our peer-reviewed paper values climate policy as an option on avoiding fat-tailed climate damages.  At a minimum, it provides an additional framework for any endangerment debate.  …  Read more
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