This has been a very busy week for the green exchange industry. Today we actually announced the industry’s first online auction for Verified Emissions Reductions (VERs). We won’t repeat all the info here, you can read the full release if you wish. The highlight of the auction:

• Sold 25,000 metric tons of verified emissions reductions across three vintages – 2006, 2007, 2008
• Sold for 29 percent over the established benchmark price

It is always exciting to see our World Green Exchange involved in these types of ‘firsts’, in the history of the exchange there have been other exciting moments including the State of Connecticut saving $18M, the first ever solar REC auction and others.

At the same time we are seeing more folks entering the ‘green exchange’ industry, which in our minds validates what we’ve been doing and the more then 700 million kWh of green power and RECs we’ve already seen traded on our exchange. The question is where is the industry headed and who will lead the pack?

Where do you see the exchange market for green energy and credits going? What will 2008 bring? Would love to hear your thoughts and compile them into another post.

-Rick

Tags: auction exchange, carbon credit trading, Carbon Credits, NYMEX, RECs, world green exchange

This entry was posted on Friday, December 14th, 2007 at 9:57 am and is filed under Carbon Credits, Green News, Renewable Energy, world green exchange. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.