Philips welcomes momentum to accelerate the switch to energy efficient lighting solutions

This decision is in line with Philips' call for action to accelerate the switch over to energy efficient lighting solutions in view of climate change, as announced in Brussels on 7 December 2006.

In Europe, 1.8 billion incandescent light bulbs were sold in 2007, and the switch to energy efficient lighting solutions will have a significant impact. With this phase-out, consumers will significantly reduce energy consumption and fight climate change by preventing 23 million tons of CO2 emissions per year. What's more, consumers can save up to EUR 8-10 in energy costs per bulb per year.

On average there are about 20-30 light points per house and with the many alternative energy savers and halogen bulbs available from Philips, including LED-based solutions, consumers can create the perfect ambiance at home.

As leader in the lighting industry, Philips is further taking the lead in the initiative to accelerate the switch to energy efficient lighting. In addition to saving energy in homes, significant savings can be achieved in buildings and streets. At a side event at the United Nations Conference for Climate Change in Poznan, Philips announced its Renovation program that will enable city authorities and building owners to take immediate action to contribute to a better environment. And at today's Third Industrial Revolution Global Business CEO Round table in Brussels, a plea was made to collaborate and start acting now.

"In today's economic and ecological climate, lighting is an industry that can help save money as well as energy and carbon emissions. This is unique, and offers a win-win situation for all involved. By switching lighting solutions in buildings and streets, companies and cities can save significant amounts of money and reduce their carbon footprint to reach their environmental targets, helping to combat climate change," says Garrett Forde, CEO of Philips Lighting's Lamps business in Europe.

Louis Hakim, Vice President of Royal Philips Electronics and CEO of Philips Middle East, adds:

"Everybody can act now; there are no hurdles left, only benefits. Businesswise, it will fuel growth and strengthen competitive position, while it immediately contributes to a better environment, and enhances people's well-being. In short, energy efficient lighting solutions turn an economic and ecological challenge into an opportunity for innovation and growth, with a better quality of light that improves people's well-being."