Original Post: LEDs - Lighting the Change We Wish to See in the World!
As the world turns its attention to energy-saving alternatives in an effort to meet new demands by the G20-Summit to reduce carbon emissions, the switch to LED lighting is swiftly leading the way to lower energy consumption across the globe. One study predicts that an overnight transition to LED lighting could save about 735 metric tons of carbon emissions, enough to displace 250 coal-fired power plants around the world.
The Paris Agreement, which was signed by more than 190 countries, commits to cut emissions 20% by the year 2020. Currently, lighting accounts for around 15% of the world's electricity consumption, more than the combined output of all the planet's nuclear plants. In the $110 billion lighting market, LED lights are estimated to make up $30.5 billion of the industry.
There are still 1.2 billion people around the world who are predicted to join the energy grid by 2030, including more than 250 million people across sub-Saharan African who are expected to gain access to sustainable lighting solutions, thanks to the Lighting Africa program initiated by the World Bank. The demand of LED lighting is forecast to grow 45% in the next 10 years.
In the United States, Americans have begun saving $1.4 billion in energy bills in 2015 with a switch to LED home lighting just in the last two years.
The household consumer isn't the only target for change. Global LED industrial lighting is forecast to grow from $2.93 billion in 2016 to $5.20 billion in 2020. The Indian government is a leading example of how countries plan to meet emission cuts-- they have purchased 200 million LED light bulbs this year and is issuing tenders for businesses to retrofit 30 million streetlights across the country. The city of Los Angeles has initiated the LED Streetlight Replacement Program, replacing 215,000 existing streetlight fixtures across the city with LED units in over 400 styles. Energy has thus been reduced by 63.1% and carbon emissions reduced by 47,583 metric tons a year. New York is making a similar switch, replacing 250,000 streetlights with LEDs, saving $14 million in energy and maintenance costs.
Additionally, with recent innovations in Li-Fi, all LED lighting products will be capable of transmitting internet data, revolutionizing internet access worldwide!
It is time to take action and join efforts with global powers by transitioning your home and office to LED lighting today! Euri Lighting products are energy-efficient, cost-saving, and high-quality, with longer lifespans than the competition-- our affordable LED solutions last 15,000, 25,000 and 50,000 hours, respectively! Browse our residential and commercial LED lighting solutions today at www.EuriLighting.com.