World Energy and SOCIALCARBON Standard Partner to Streamline Voluntary Global
Carbon Trading
Move Provides More Quality, Choice and Registry-Backed Supply on
World Green Exchange
SAO PAULO, Brazil and WORCESTER, MA, Nov. 3 /PRNewswire-FirstCall/ - World
Energy Solutions, Inc. (NASDAQ: XWES; TSX: XWE), an operator of online
exchanges for energy and green commodities, today announced a new partnership
agreement with SOCIALCARBON(C) Standard, one of the world's top voluntary
standards. The alliance paves the way for more projects with the SOCIALCARBON
imprimatur to be posted on the World Green Exchange, one of the world's
largest primary carbon marketplaces.
To date, World Energy has partnered with three leading carbon standards,
including the Gold Standard, Canadian Standards Association, and now
SOCIALCARBON Standard, developed by the Ecologica Institute, a Brazilian NGO.
This backing not only provides buyers added assurance that the carbon
commodities they purchase on the World Green Exchange are of high quality and
independently verified, but, in the case of SOCIALCARBON, it also brings the
added benefit of tight integration with a leading registry, Markit
Environmental Registry (formerly TZ1 Registry), also a World Green Exchange
partner. As a result, the World Green Exchange offers a "closed loop" between
project supply, registry and exchange, which can streamline the purchase of
verified emission reductions (VERs).
Most SOCIALCARBON projects have been developed by the Social Carbon Company
(SCC), a for-profit offset project developer based in Brazil, which is the
first organization accredited by the Ecologica Institute to use
SOCIALCARBON(R). SCC will provide SOCIALCARBON credits to the World Green
Exchange. The Ecologica Institute is now accrediting other companies and
project developers with the goal of widening the geographical reach of
SOCIALCARBON projects.
"We believe that measures World Energy has taken to help buyers and sellers on
the World Green Exchange transact with confidence are in keeping with the
goals of SOCIALCARBON," said Luiz Leal, Director at Ecologica Institute. "This
commitment, built on the premise of project and commodity transparency,
supports the approach SOCIALCARBON has embraced to bring high value, high
quality projects to market."
Added Kenneth Ivanic, Vice President, Environmental Markets at World Energy:
"Standards, registries and exchanges each play a distinct and pivotal role in
the effective operation of the carbon market. The addition of SOCIALCARBON to
the family of top standards bodies bringing projects to the World Green
Exchange is an important step in the evolution of our platform and in the
overall positive experience of the world's carbon commodities buyers."
The World Green Exchange(R) is an open, information-rich marketplace that
enables buyers and sellers of carbon commodities to transact with confidence.
Working with leading standards, registries, consultants, project developers
and banks, the World Green Exchange streamlines the procurement process while
delivering transparency, quality, choice and value. Over 100 million green
commodities, spanning CERs, VERs, RECs, Alberta offsets and RGGI allowances,
have been transacted on the World Green Exchange, making it one of the largest
primary carbon marketplaces in the world.
SOCIALCARBON(R) is a standard developed to strengthen co-benefits of carbon
offset projects (www.socialcarbon.org). It was developed by the Ecologica
Institute (Brazil) as a set of analytical tools that assesses the social,
environmental and economic performance of projects, thereby demonstrating,
through continual monitoring, the project's contribution to sustainable
development.
About Ecologica Institute
The Ecologica Institute is a Non-Profit Organization, located in northern
Brazil, that carries out projects in the Amazon Rainforest. Ecologica
Institute's mission is to help reduce the effects of climate change through
scientific research, conservation, environmental preservation, and sustainable
community development. For more information please visit www.socialcarbon.org.
About World Energy Solutions, Inc.
World Energy (NASDAQ: XWES; 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. Its award-winning World Green
Exchange(R) supports the ground-breaking Regional Greenhouse Gas Initiative's
(RGGI) cap and trade program for CO(2) 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.
Investor Relations: Phil Adams, World Energy Solutions, Inc., (508) 459-8100,
padams@worldenergy.com or Craig Armitage, The Equicom Group, (416) 815-0700
x278, carmitage@equicomgroup.com; Media Relations: Dan Mees, World Energy
Solutions, Inc., (508) 459-8156, dmees@worldenergy.com or Cecilia Michellis,
Ecologica Institute, +55 11 2649 0036, cecilia@socialcarbon.org
