World Energy Supports Fourth Successful RGGI Carbon Allowances Auction
Published June 27th, 2009
World Energy Solutions, Inc. an operator of online exchanges for energy and green commodities, today announced it successfully supported the fourth carbon allowances auction administered by Regional Greenhouse Gas Initiative, Inc. (RGGI, Inc.) on June 17, 2009.
According to the RGGI independent market monitor, all 30,887,620 allowances for the 2009 vintage were sold at a clearing price of $3.23 per allowance. In a parallel offering, the RGGI states also auctioned allowances for the second three-year control period beginning January 1, 2012. The 2,172,540 allowances for the 2012 vintage cleared at a price of $2.06 per allowance. In total, the fourth RGGI auction netted $104.2 million for energy efficiency, renewable energy and other programs that benefit energy consumers and create green jobs.
In a previously released statement, Pete Grannis, Chair of the Regional Greenhouse Gas Initiative, Inc. Board of Directors, said: “RGGI’s reliable auction process continues to set an example for the nation. RGGI proves that auction-based cap-and-trade works, and can lead us to a new economy with green jobs, a clean energy infrastructure and a better environment.” (The complete RGGI, Inc. news release can be read at:
http://www.rggi.org/docs/Auction_4_News_Release_MM_Report.pdf).
