The Interim Measures for the Administration of Financial Subsidy Funds for Lighting Products will focus on supporting high-efficiency lighting products to replace incandescent lamps and other inefficient lighting products in use, including self-ballasted fluorescent lamps for general lighting and three-color double-ended straight tube fluorescent lamps (T8, T5 type) and metal halide lamps, high-pressure sodium lamps and other electric light source products, semiconductor (LED) lighting products, and necessary supporting ballasts.
Undoubtedly, the promulgation of the "Interim Measures for the Administration of Financial Subsidy Funds for Efficient Lighting Products Promotion" fully demonstrates the government's determination to save energy and reduce emissions and promote sustainable development. It will have a decisive impact on the future of the lighting industry, or it will change the industry landscape.
China has implemented China's green lighting project since 1996. The two benefits of green lighting are the savings in energy consumption and the reduction in carbon dioxide emissions. According to experts' estimates, the use of high-efficiency lighting products to replace traditional low-efficiency lighting products can save 60%-80%. China's lighting electricity consumption accounts for about 12% of the total electricity consumption of the whole society. If all the existing ordinary incandescent lamps are replaced with energy-saving lamps, the country can save more than 60 billion kWh a year, which is equivalent to the annual power generation of the Three Gorges Power Station. During the "Eleventh Five-Year Plan" period, China will increase the intensity of green lighting projects, and with the upgrade of consumption, the domestic energy-saving lamp market will gradually mature and have great potential for future development. The industry expects that the annual average compound growth rate of the domestic energy-saving lighting industry will reach 27% in the next five years.
However, the development of the energy-saving lighting industry is not always smooth in China. As the world's largest producer of energy-saving lamps, in 2005, China's energy-saving lamps produced 1.7 billion, accounting for 90% of the world's total output, but more than 70% of energy-saving lamps are exported abroad, the domestic application rate is quite low, and mainly Concentrated in the coastal and eastern regions. This is mainly because the price of high-efficiency energy-saving lighting products is higher than that of ordinary lighting products, thus hindering the promotion of energy-saving lamps in China. In addition, the quality and price of energy-saving lamps are uneven, and the lack of product standards, etc., also reduce the domestic sales ratio of energy-saving lamps companies.
However, with the introduction of the Interim Measures for the Administration of Financial Subsidy Funds for Efficient Lighting Products Promotion, the development space for energy-saving lighting products has begun to become broad. Today, with energy conservation and emission reduction as an important national policy, the Chinese government has been encouraging and promoting consumer energy-saving lighting products, including inclusion in the government's mandatory procurement catalogue and a large range of subsidies. This shows that the lighting industry is increasingly important for national energy conservation strategies.
According to the Interim Measures for the Administration of Financial Subsidy Funds for the Promotion of Efficient Lighting Products, the central government will provide subsidies for each of the high-efficiency lighting products, 30% of the supply price of the central government agreement; for each efficient lighting product of urban and rural residents, the central government will win the bidding agreement. 50% of the supply price is subsidized.
Compared with the past, the amount of subsidies has been broadened. The Development and Reform Commission and the Ministry of Finance will issue financial subsidies for high-efficiency lighting products in batches. The provincial energy-saving authorities will work with the financial departments to formulate specific implementation plans, organize the winning enterprises to implement the promotion tasks, and ensure the realization of the financial subsidies during the 11th Five-Year Plan period. Promote 150 million efficient lighting products. The subsidy reflects the government's consumption orientation for high-quality energy-saving lighting products. At the same time, the high-pollution and high-energy-consuming industrial model of the lighting industry has further strengthened the government's implementation of energy-saving and emission-reduction policies for the lighting industry.
Under the government's support for subsidies for energy-saving lighting products, the pace of energy-saving and emission-reduction in China's lighting industry is bound to accelerate.
According to the subsidy method, the terminal sales price will be directly reduced by 30%-50% without reducing the profit of energy-saving lighting production enterprises, basically reaching the price level acceptable to consumers. This will help to enhance the enthusiasm of large users and urban and rural residents to purchase high-efficiency energy-saving products, and will greatly increase the market demand for high-efficiency lighting products, increase the sales revenue of energy-saving lighting manufacturers, and enable domestic energy-saving lamps manufacturers and their upstream energy-saving lamps. Device manufacturers can directly benefit from this round of growth. While the company is benefiting, it will also have more funds invested in technological transformation and accelerate the pace of energy conservation and emission reduction.
At the same time, we should also see that the new policy of energy-saving lighting is more inclined to guide the increase in demand for high-quality energy-saving products. The preferential price of winning products will make consumers reduce the consumption ratio of low-priced and inferior products, which is conducive to the formation of domestic lighting products. The competitive environment is conducive to the development of high-quality lighting enterprises, thus changing the industrial pattern of domestic energy-saving lighting, and further promoting the process of energy-saving and emission reduction of the entire lighting industry.
Undoubtedly, the promulgation of the "Interim Measures for the Administration of Financial Subsidy Funds for Efficient Lighting Products Promotion" fully demonstrates the government's determination to save energy and reduce emissions and promote sustainable development. It will have a decisive impact on the future of the lighting industry, or it will change the industry landscape.
China has implemented China's green lighting project since 1996. The two benefits of green lighting are the savings in energy consumption and the reduction in carbon dioxide emissions. According to experts' estimates, the use of high-efficiency lighting products to replace traditional low-efficiency lighting products can save 60%-80%. China's lighting electricity consumption accounts for about 12% of the total electricity consumption of the whole society. If all the existing ordinary incandescent lamps are replaced with energy-saving lamps, the country can save more than 60 billion kWh a year, which is equivalent to the annual power generation of the Three Gorges Power Station. During the "Eleventh Five-Year Plan" period, China will increase the intensity of green lighting projects, and with the upgrade of consumption, the domestic energy-saving lamp market will gradually mature and have great potential for future development. The industry expects that the annual average compound growth rate of the domestic energy-saving lighting industry will reach 27% in the next five years.
However, the development of the energy-saving lighting industry is not always smooth in China. As the world's largest producer of energy-saving lamps, in 2005, China's energy-saving lamps produced 1.7 billion, accounting for 90% of the world's total output, but more than 70% of energy-saving lamps are exported abroad, the domestic application rate is quite low, and mainly Concentrated in the coastal and eastern regions. This is mainly because the price of high-efficiency energy-saving lighting products is higher than that of ordinary lighting products, thus hindering the promotion of energy-saving lamps in China. In addition, the quality and price of energy-saving lamps are uneven, and the lack of product standards, etc., also reduce the domestic sales ratio of energy-saving lamps companies.
However, with the introduction of the Interim Measures for the Administration of Financial Subsidy Funds for Efficient Lighting Products Promotion, the development space for energy-saving lighting products has begun to become broad. Today, with energy conservation and emission reduction as an important national policy, the Chinese government has been encouraging and promoting consumer energy-saving lighting products, including inclusion in the government's mandatory procurement catalogue and a large range of subsidies. This shows that the lighting industry is increasingly important for national energy conservation strategies.
According to the Interim Measures for the Administration of Financial Subsidy Funds for the Promotion of Efficient Lighting Products, the central government will provide subsidies for each of the high-efficiency lighting products, 30% of the supply price of the central government agreement; for each efficient lighting product of urban and rural residents, the central government will win the bidding agreement. 50% of the supply price is subsidized.
Compared with the past, the amount of subsidies has been broadened. The Development and Reform Commission and the Ministry of Finance will issue financial subsidies for high-efficiency lighting products in batches. The provincial energy-saving authorities will work with the financial departments to formulate specific implementation plans, organize the winning enterprises to implement the promotion tasks, and ensure the realization of the financial subsidies during the 11th Five-Year Plan period. Promote 150 million efficient lighting products. The subsidy reflects the government's consumption orientation for high-quality energy-saving lighting products. At the same time, the high-pollution and high-energy-consuming industrial model of the lighting industry has further strengthened the government's implementation of energy-saving and emission-reduction policies for the lighting industry.
Under the government's support for subsidies for energy-saving lighting products, the pace of energy-saving and emission-reduction in China's lighting industry is bound to accelerate.
According to the subsidy method, the terminal sales price will be directly reduced by 30%-50% without reducing the profit of energy-saving lighting production enterprises, basically reaching the price level acceptable to consumers. This will help to enhance the enthusiasm of large users and urban and rural residents to purchase high-efficiency energy-saving products, and will greatly increase the market demand for high-efficiency lighting products, increase the sales revenue of energy-saving lighting manufacturers, and enable domestic energy-saving lamps manufacturers and their upstream energy-saving lamps. Device manufacturers can directly benefit from this round of growth. While the company is benefiting, it will also have more funds invested in technological transformation and accelerate the pace of energy conservation and emission reduction.
At the same time, we should also see that the new policy of energy-saving lighting is more inclined to guide the increase in demand for high-quality energy-saving products. The preferential price of winning products will make consumers reduce the consumption ratio of low-priced and inferior products, which is conducive to the formation of domestic lighting products. The competitive environment is conducive to the development of high-quality lighting enterprises, thus changing the industrial pattern of domestic energy-saving lighting, and further promoting the process of energy-saving and emission reduction of the entire lighting industry.
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