Bold goals at CEM7: Philips projects 2 billion LEDs sold

Energy ministers from around the world converged with business and NGO leaders and entrepreneurs in downtown San Francisco Wednesday for the first day of the Clean Energy Ministerial 7th gathering (CEM7) to figure out how to transition the world to clean energy. It was entrepreneurs and businesses that got things going. To begin delivering on CEM's “global lighting challenge” to deploy energy-efficient lighting worldwide, Philips Lighting announced it aims tol sell 2 billion LED light bulbs — an electricity savings equal to taking 60 coal-fired power plants offline — in the next five years.