The efficiency of LEDs compared to traditional incandescent and fluorescent lighting is one of the most highly touted benefits of the technology. According to a new report by IHS Markit, the use of LEDs to light buildings and outdoor spaces reduced the total carbon dioxide emissions of lighting by some 570 million tons in 2017.

This reduction, roughly equivalent to 162 coal-fired power plants, enabled LED component and lighting companies to reduce the global carbon footprint by about 1.5 percent this year, IHS Markit (London) estimates.