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European light-bulb makers said Tuesday they want to phase out the standard incandescent light bulb in eight years, replacing it with more eco-friendly, energy-efficient lamps.
The switch could lead to significant reductions in carbon dioxide emissions from domestic lighting, and savings of $9.4 billion for European consumers, said the European manufacturers. The group includes General Electric Co., Havells Sylvania, and Philips.
The industry group said manufacturers will have eight years to switch to high-efficiency halogen and compact flourescent lamps and develop high-efficiency incandescent bulbs.
SOURCE:
LiveScience.com