As per the terms of the contract, World Energy will continue to act as the auction manager for RGGI’s CO2 emissions reduction program.
Since the first auction in September 2008, the RGGI states have auctioned more than 200 million emission allowances on the World Energy platform, yielding $582.3m for states to invest in green energy programs.
Richard Domaleski, CEO of World Energy, said: “The RGGI contract renewal represents a seal of approval for the hard work, innovation and, most importantly, results we have delivered for this breakthrough program. We look forward to helping RGGI continue to lead by example in cap-and-trade and to the new opportunities this strategic engagement presents us.”
Jonathan Schrag, executive director of RGGI, said: “We are very pleased to retain the services of World Energy for another two years. Over the last 18 months, World Energy has played an important role in providing transparent and efficient distribution of RGGI CO(2) allowances.”
