China Banning Incandescent Bulbs Within a Decade

Per Greentech Media/Reuters:

• China is switching off standard incandescent bulbs as part of a multi-national campaign to ban the inefficient lighting, according to Reuters.
• The transition will be made in the next 10 years, according to the announcement made by the Global Environmental Facility at the Reuters Global Environmental Summit in Washington. A formal announcement will be released in December, according to the Reuters story.
• The initiative could hugely spur alternative bulbs including compact fluorescent bulbs and light-emitting diodes (LEDs).
• It comes after Australia in February banned the bulb and California began considering a similar measure. And after Wal-Mart this week announced it already reached its goal of selling 100 million energy-efficient fluorescent bulbs this year.

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Takeaway: If anyone happens to know of a Chinese small cap stock, preferably $2 or less that manufactures fluorescent bulbs, please send me the hot tip. I'd be much obliged ;) Should be a nice investment over the next decade. After all 1.3 billion people x 4 bulbs = a whole lotta bulbs!

Also, why are we so behind in the US? Even capitalist free market Australia is on the bandwagon. Must California go behind the back of the federal government to push for these things?

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Here is the article concerning the Australian bulb ban (it appears Ontario, Canada is also considering a ban?) I must of missed this entire movement.

• After Australia announced earlier this week that it will phase out conventional incandescent light bulbs over the next three years, Canada’s Ontario province is considering a similar move, and California’s proposal to ban the bulb seems somewhat more possible
• The ban in Australia is already sparking business for some of these startups. Gary Trott, vice president of product development for North Carolina-based LED Lighting Fixtures, said Thursday the company has received several inquiries from Australia in response to the ban. “Anything that happens like the incandescent ban is really going to help push our technology,” he said.
• Venture capitalists also said Thursday they expect to see more lighting-related business plans as a result of all this attention. “People are going to start digging up their old LED ventures to see if there’s a way to go after the market

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Hmmm.... not sure how this plays out as an investing them. The only LED stock I know is Cree (CREE). Haven't looked at it in years. But sometimes when I read these articles I realize just how far behind the US is behind the rest of the developed (and even developing world) on these sort of initiatives. Hopefully some new initiatives are being cooked up out there in Silicon Valley so we don't lose out on these businesses of the future...