companies will need to leverage that to stay competitive

Costs for LEDs have dropped considerably, but LEDs will continue to be a premium product over legacy technologies. That has meant companies like Digital Lumens need to sell the lights, but also all of the advantages that come along with them. “There’s a tremendous amount of led high bay light data tied to lighting,” he said -- and companies will need to leverage that to stay competitive.One of the most cost-effective ways to contribute to the reduction of global carbon emissions is the phase-out of inefficient lighting technologies,” said Achim Steiner, UN Under-Secretary-General and UNEP Executive Director.

Launched by the UN Environment Programme (UNEP) and the Chinese National Lighting Test Centre, GELC is designed to support the rapid deployment of energy-efficient technologies in developing and emerging countries.To date, almost 50 developing and emerging countries have committed to phasing out incandescent lamps by 2016, under the en.lighten initiative - a partnership between UNEP and the Global Environemnt Facility (GEF).

According to a UNEP assessment released last June, a total of five per cent of global electricity consumption could be saved every year through a transition to efficient lighting, resulting in annual worldwide savings of over US$ 110 billion.The yearly savings in electricity of led flood light the phase-out would be equivalent to closing over 250 large coal-fired power plants, resulting in avoided investment costs of approximately US$ 210 billion. Additionally, the 490 megatonnes (Mt) of CO2 savings per year is equivalent to the emissions of more than 122 million mid-size cars.