by 15% and save EUR€500 billion in annual energy costs by 2020. The UK-India Business Leaders Climate Group – launched in February 2010 to provide advice to the UK and India on "how to accelerate collaborative, climate-friendly economic growth". China's Clean Revolution series – to December 2010, three reports have been released on China's renewable energy policies. The latest report was released on 6th December 2010, to coincide with COP16 in Cancun, is the China Clean Revolution Report III: Low Carbon Development in Cities. Initiatives The Climate Group spearheads and supports several projects, campaigns, and summits. They include: Under2 Coalition The Climate Group acts as Secretariat to the Under2 Coalition and works directly with government signatories and partners of the Under2 MOU to drive net-zero ambition and action. The Under2 MOU is a commitment by sub-national governments to reduce their greenhouse gas (GHG) emissions towards net-zero by 2050. Central to this is the public commitment by all signatories to reduce their GHG emissions by 80-95% on 1990 levels, or 2 metric tonnes of carbon dioxide-equivalent per capita, by 2050. As of 2022, the Under2 Coalition brings together 270 governments from different countries representing 1.75 billion people and 50% of the global economy who have committed to reducing GHG emissions towards net-zero by 2050. LED Scale-Up This project aims to accelerate the widespread adoption of LED (light-emitting diode) lighting technology. The programme's aim is for LED lighting to represent 25% of the global indoor and outdoor lighting market by 2020, reducing electricity use and costs – and associated CO2 emissions – by 50–70%. Demonstration projects are now operating in many cities across the globe including Hong Kong, Shanghai, Kolkata, London, New York City and Sydney. RE100 Convened by The Climate Group in partnership with CDP, RE100 is a global initiative to engage, support and showcase influential companies committed to using 100% renewable power. Companies gain a better understanding of the advantages of being 100% renewable and benefit from peer-to-peer learning as well as greater public recognition of their ambitions and achievements as they work towards their goals. As of 2017, a total of 100 companies have committed to the campaign. EP100 EP100 showcases global businesses committed to doubling their energy productivity (EP). EP100, which The Climate Group serves as the Secretariat for, offers a forum for sharing best practices and showcasing the leadership of companies making progress towards bold, public commitments