Isramart : World Energy Supports Seventh Successful RGGI Carbon Dioxide Allowances Auction

Isramart news:
World Energy Solutions, Inc. an operator of online exchanges for energy and green commodities, today announced it has successfully supported the first quarterly auction of carbon dioxide (CO2) allowances in 2010, and seventh overall, administered by Regional Greenhouse Gas Initiative, Inc. (RGGI, Inc.) on March 10, 2010.

According to RGGI, Inc., all 40,612,408 CO(2) allowances for the first three-year control period (2009-2011) offered in Wednesday's auction sold at $2.07 per allowance, while 2,091,000 allowances for the second control period (2012-2014) sold at $1.86 per allowance. Proceeds from all auctions held to date now total more than $582.3 million, with RGGI states investing the proceeds to improve energy efficiency and accelerate the deployment of renewable energy technologies, creating thousands of jobs.

In a previously released statement, David Littell, Commissioner of the Maine Department of Environmental Protection and Chair of the Regional Greenhouse Gas Initiative, Inc. Board of Directors, said: "RGGI has provided a roadmap to a clean energy future. With each successful auction, the RGGI states continue to show that cap-and-trade works and can jumpstart a green economy with fewer emissions, lower electric bills and more jobs."

Added Richard Domaleski, CEO of World Energy: "Since winning the contract to provide the RGGI auction platform back in early 2008, we have relished the opportunity to contribute to the success of America's landmark carbon cap-and-trade program. Seven successful auctions later, I am delighted to say it remains a singular honor to work with RGGI, Inc. on behalf of the RGGI states while showcasing for the world how well auction-based cap-and-trade works."