Michael J. Walsh
In his prior position with Environmental Financial Products (the predecessor company to CCX), Walsh arranged several international carbon credit transactions and served as liaison and lead writer for a series of five technical papers on international emissions trading prepared for the Canadian government. As a consultant to the U.S. Agency for International Development, Walsh conducted instructional seminars on emissions trading for industry and government officials from several eastern European countries. He has been a speaker at United Nations climate conferences at Geneva, Kyoto, Buenos Aires, Bonn and The Hague.
Walsh was a senior economist with the Chicago Board of Trade (CBOT) where he directed the CBOT’s efforts to develop exchange-based environmental markets. Walsh designed and managed annual auctions of sulfur dioxide emission allowances conducted as part of the U.S. Environmental Protection Agency acid rain reduction program. He has delivered Congressional testimony and provided dozens of presentations to state public utility commissions, national regulatory conferences and industry seminars.
As the lead CBOT energy market analyst, he covered electricity market deregulation and evaluated the feasibility of electricity futures contracts and directed the establishment of the CBOT Recyclable Materials Exchange, an electronic marketplace backed by product standards, grading procedures and dispute resolution services.
Prior to his position with the CBOT, Walsh was a financial economist in the Office of Tax Policy in the U.S. Department of the Treasury. He has also served as a consultant to the Michigan Treasury Department and the West Virginia Tax Study Commission, was as a gubernatorial appointee to the Florida Air Emissions Trading Commission, and served on the Executive Board of the Southern Research Institute’s Environmental Technology Verification initiative.
He has been on the faculties of the University of Notre Dame and the Illinois Institute of Technology, and has lectured at Princeton, Northwestern, Colorado, Illinois and Johns Hopkins (Bologna).
Walsh holds Bachelor of Science degrees in Economics and Political Science from Illinois State University, and M.S. and Ph.D. degrees in Economics from Michigan State University.
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