LED Stocks Surge As China Announces Incandescent Bulb Ban
By Tate Dwinnell: This is a potential game changer for LED stocks and could also very well mark the bottom in these beaten down green energy stocks. Friday China announced it will begin banning the use of incandescent bulbs beginning in less than a year. They will begin banning imports of 100w bulbs Oct 1, 2012, imports of 60w bulbs Oct 1, 2014 and implement a full ban on all incandescent bulbs by Oct 1st 2016 (although this date could be adjusted based on evaluation that year). It’s estimated that lighting accounts for 12% of electricity use in China and that a ban on incandescent light bulbs will reduce carbon dioxide emissions by 48 million tons every year. China isn’t the only country phasing out incandescents. Let’s notComplete Story »
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