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World Energy Solutions Inc., an operator of online exchanges for energy and environmental commodities based in Worcester, Mass., has signed a contract with the Regional Greenhouse Gas Initiative Inc. (RGGI) to provide services related to the design and implementation of regional carbon dioxide (CO2) allowance auctions.

RGGI is a nonprofit corporation created to support the cooperative effort by 10 northeast and mid-Atlantic states to design and implement a regional cap-and-trade program covering CO2 emissions from power plants in the region.

"We look forward to continuing our support of RGGI's efforts in orchestrating the first-in-the nation auction of CO2 allowances on Sept. 25 and the series of quarterly auctions that are scheduled to follow," says Richard Domaleski, CEO of World Energy Solutions.

SOURCE: World Energy

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