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From the Wires
World Energy Conducts Major U.S.-Voluntary Carbon Market Auction
By: PR Newswire
Dec. 3, 2008 08:31 AM
NativeEnergy Procures 145,000 VERs on World Green Exchange;
Transparency Drives Buyer and Seller Satisfaction
Recent successes with the Regional Greenhouse Gas Initiative (RGGI), European certified emissions reduction (CER) market, Making Carbon Markets More Transparent World Energy's strategy differs fundamentally from the leading bid-ask exchanges. The World Green Exchange delivers transparency, so buyers know what they are getting, and disaggregation, so sellers can offer projects on a standalone basis - not as a blend - driving a market price commensurate with actual merit. "Typically, our greatest challenge is finding VER suppliers who meet our extremely stringent additionality standards, which are shared by our clients and partners," said "Working with World Energy was a valuable experience for us," said Concluded About NativeEnergy NativeEnergy leverages market demand for carbon offsets to bring on line new Native American, family farmer and community-owned renewable energy projects. NativeEnergy offers third party verified and certified renewable energy credits and offsets from a variety of operating projects across America and internationally. Through its novel approach of bringing upfront payment to renewable projects for the estimated future carbon offsets, NativeEnergy enables its clients to help directly finance the construction of specific new wind farms and other renewable energy projects. NativeEnergy continues to focus on real, additional offsets that provide both an environmental and a social benefit, for both people and planet. More information is available at www.nativeenergy.com. About World Energy Solutions, Inc. World Energy (TSX: XWE) operates online exchanges for energy and green commodities. For buyers and sellers of electricity, natural gas, capacity, and green-energy assets who are impacted by today's volatile markets, World Energy's proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. In addition to enabling customers to seek competitive pricing on traditional energy commodities, World Energy is taking a leadership position in the emerging environmental-commodities markets. To date, the company has transacted nearly one billion kWh of green power and Renewable Energy Certificates (RECs) as well as a variety of mandatory and voluntary carbon credits. Its award-winning World Green Exchange(R) powers the ground-breaking Regional Greenhouse Gas Initiative's (RGGI) cap and trade program for CO2 emissions. For more information, please visit www.worldenergy.com. This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: our revenue is dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; we depend on a small number of key energy consumers, suppliers and channel partners; there are factors outside our control that affect transaction volume in the electricity market; and there are other factors identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. SOURCE World Energy Solutions, Inc. SOA World Latest Stories
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