As quoted in the article I read:
The [Australian] minister reckons it should save 800,000 tonnes of CO2 emissions during the three year phase-out period, with an annual emission reduction of 4 million tonnes by 2015. Incandescents will be banned by legislation in about 2009-10, though some special needs, such as medical use, may receive dispensation.
The recommended replacement lighting technology is compact fluorescent lamps. However, as high-output LEDs become more cost effective, they will offer even more efficient alternatives to the ubiquitous light bulb as we know it.
~SP
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