Energy-saving emission reduction policy will lead to 100 billion yuan of business opportunities for LED lighting

    China’s energy saving and carbon reduction policy has a new direction. Early this year, the National Development and Reform Commission and the Ministry of Finance jointly revised the “Opinions on Implementation of Government Procurement of Energy-Efficient Products and Adjusted the Subsidy for Energy Saving Products to Benefit the People”. This new policy was released in February and will be released in the future. LED lighting products will be incorporated into it, and a conservative estimate of business opportunities of at least RMB 100 billion yuan. The National Development and Reform Commission adjusts and supplements this year. For the first time, LED lighting products will be included. It is expected that LED lighting will be accelerated in the future. LED plants including Jingdian, Yiguang, Dongbei, Aifeisen and New Century will fully benefit.

    The senior director of the LED plant pointed out that at present, local governments in mainland China all have pressure on the implementation of energy-saving and carbon reduction, and they must rely on the strength of LED factories in Taiwan. However, they do not want to be led by Taiwan factories, so most of them are willing to use the right funds. Paying is a big niche for the Taiwan factory. With the production capacity of most of the first-tier LED makers in Taiwan being tied up, second-tier plants have also begun to benefit, for example, China has won rights funds.

    It is understood that in the future there will be other LED factories that will also receive revenue from local governments. Taiwanese LED factory has been targeting the lighting market in mainland China and has cooperated with related companies of the central and local governments. For example, Jingdian has established a joint venture with a central-level enterprise, China Electronics and Information Industry Group (CEC), in Xiamen, to establish LED Epistar; Century Optronics also cooperates with the Kunshan Municipal Government and expects to benefit.

    In late February of this year, the Ministry of Transport initiated a pilot program for low-carbon transportation systems, and piloted low-carbon and low-carbon cities launched by the National Development and Reform Commission last year. Both were used to illuminate LEDs in public vehicles, subways, city lighting, commercial chains, and hotels. Other applications have considerable help. Energy-saving products Huimin project was implemented in 2009. Newly-built LED lighting will be added this year to encourage people to purchase LED products in the future. It is expected to receive government subsidies. The amount of subsidies is 50% in the highest central and 30% in local governments.

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