LEDs Lead to Cost Savings (1 of 2) (IMAGE) Rensselaer Polytechnic Institute Caption If all of the world's light bulbs were replaced with energy-efficient LEDs for a period of 10 years, researchers say it would reduce global oil consumption by 962 million barrels, reduce the need for 280 global power plants, reduce carbon dioxide emissions by 10.68 gigatons, and ultimately result in financial savings of $1.83 trillion. Credit Rensselaer/Kim and Schubert Usage Restrictions Please include credit line License Licensed content Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.