Energy Mad warns sales may drop as Australian carbon credits get cheaper

Mon, 26 Sep 2016

By Sophie Boot Sept. 26 (BusinessDesk) - Energy Mad has warned lower prices for carbon dioxide offsetting certificates in Australia mean its sales volumes are likely to drop. Most of the energy efficient light-bulb maker's business is selling LED bulbs to Australian state government energy efficiency schemes, including the Victorian Energy Efficiency Target (VEET) scheme, where certificates representing carbon dioxide savings are issued and can be traded. Today, Energy Mad said the market price of the certificates had fallen to A$14 per c...

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