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he ubiquitous but highly inefficient 60-watt light bulb badly needs a makeover. And it could be worth millions in government prize money — and more in government contracts — to the first company that figures out how to do it.

Right now, that company could be Philips, the Dutch electronics giant. The company announced on Thursday that it had submitted the first entry for the L Prize, an Energy Department contest that will award up to $10 million to the first person or group to create a new energy-sipping version of the most popular type of light bulb used in America.

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Philips has announced a change in its recycling policy, taking responsibility for the cost of recycling its own products. Earlier this week Philips confirmed that these costs should no longer be paid directly by its coustomers through an additional fixed fee but instead come closer to being part of the overall product price.

philips recycling ewaste

A study by a leading environmental group says it is poisoning our soil and water, causing serious health problems.

Booming economies like India and China that are increasingly dependent on electronic and electrical equipments have created a new but very dangerous stream of waste, called "electronic-waste", or simply e-waste

"The findings from this study are absolutely shocking. It seems like e-waste takeback in India is in no way a priority for global brands. Otherwise, how else can one explain the irresponsible conduct of brands like Sony, Sony Ericsson, Toshiba, Samsung and Philips, which have no take-back service in India whatsoever?"

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