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India has put in place a market mechanism that will phase out incandescent bulbs, making way for a cleaner energy future. The Bachat Lamp Yojana programme will replace 400 million incandescent bulbs with CFLs by 2012, which would save about 55 million tonnes of CO2 each year.

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Related tidbit – India to use the sale proceeds of carbon credits to fund the incandescent bulb phaseout!