Over the next 10 years, China, which makes 70 percent of the world’s lightbulbs, has agreed to phase out incandescent bulbs in favor of more energy-efficient ones through a program backed by the Global Environment Facility, Reuters reports.
The switch could mitigate 500 million tonnes of carbon dioxide annually, equal to about half the climate-warming emissions of Germany.
China is the first developing country to agree to join this program, said Monique Barbut, chief executive officer of the Global Environment Facility. The Facility will invest about $25 million for the Chinese program.
Other countries including Mexico, Indonesia, Venezuela and Costa Rica may join in future, Barbut said.
With a current trust fund of about $3.2 billion, the Washington, D.C.-based Global Environment Facility is the financial arm for international intergovernmental agreements on biodiversity, climate change and persistent organic pollutants, according to Reuters.
In March, EU leaders decided that The European Union’s 490 million citizens will have to use energy-efficient lighting by the end of the decade.