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It's a good idea, the problem currently facing us is that a lot of people are going to compact fluorescent bulbs, which have mercury (a highly dangerous pollutant). Now where are the billions of compact fluorescents going to go when they die? It's an environmental hazard and quite ridiculous. If that mercury gets into groundwater people will get very sick.
LEDs are a better alternative from what I understand. They chew bugger all energy and modern LEDs are nice and white.
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