China Government to Focus on Energy Efficient Industry Subsidies

To Achieve Carbon emission reduction goals, China will be turning its focus to Strengthening energy efficient and low carbon industries financial support and tax incentives, According to a recent report by Xinhua.com.

China has fallen behind schedule in meeting reduction goals coal, and will need to continue to work hard, said Xie Zhenhua, Vice President, National Development and Reform Commission (NDRC) at a recent meeting.

LEDs Have Shown excellent energy efficiency. The Chinese government in cooperation with United Nations Development Program (UNDP) and Global Environment Fund have Facilitated the phase-out of incandescent bulbs China's project, the Phasing Out of Incandescent Lamps and Lights Energy Saving Promotion (PILESLAMP) project. From 2009 to 2013, incandescent bulbs phased out in the country Reached 650 million, approximately 16 percent of incandescent bulbs manufactured in the country. In the next phase of the project, solar powered led street lights will follow the incandescent bulb phase out roadmap and Intensify transition towards more efficient lighting, said Lv Fangxiang, Deputy Director of the PILESLAMP project.

Average CFL lifetimes are more than 6,000 hours, que That is six times of incandescent bulbs. CFL can keep 60 percent to 80 percent of electricity. Compared to CFL, LED lifetimes can be three times higher, and consume 60 percent of energy acerca. The project is expected to PILESLAMP Directly conserve four billion kilowatt per hour of electricity and cut 4.40 million metric tonnes of carbon dioxide, said Xie During the project's initiation ceremony. The project is expected to cut 175 million to 237 million emission coal Within 10 years.

In recent years, China is nearing Carbon reduction deadlines. The country Announced in 2011, a roadmap for the gradual phase out of incandescent bulbs. Import bans on incandescent bulbs 60W and above for General lighting will be starting Effective Oct. 1, 2014. The approaching midterm evaluation of the incandescent bulb phase out roadmap will speed up the replacement trend. Last year, China's lighting market value Reached RMB 260 billion (U.S. $ 41.4 billion), and CFL Accounted for 80 percent market share, said a high-ranking officer of a listed company LED. LEDs have high market potential, and is Projected to claim 20 percent to 30 percent market share by 2015.

"CFLs are not environmental friendly Because of its mercury contents With many (Chinese) Local Governments have CFL canceling subsidies," said the officer. "In the residential lighting market, led street light specifications have Realized Cost / Performance ratio and are environmental friendly. Manufacturers are now expecting the release of LED Timely subsidies. "

LED industry started to rebound in 2013, According to analysis by industry insiders. A couple of years ago, 5W LED Prices were three to four times That of CFLs With the same brightness. However, in recent years upstream LED chip prices have Declined at a rate of around 30 percent, and in overall costs have Declined. By 2013, LED luminaire prices are basically the same as CFL. The LED industry will be entering a phase of completely Replacing conventional luminaires.

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