Taiwan, always known to one-up the global marketplace when it comes to traffic control and street lighting, has announced that within the next three years all of its traffic lights will become LED based. The country's Ministry of Economic Affairs (MOEA) has budgeted roughly NT$229 million ($7 million) for the project, which is set to begin in 2008, and will convert 420,000 traffic lights to the LED standard (350,000 have already been changed over). The MOEA claims the total savings in power consumption will be close to 85%. After the sweeping reform of its traffic signals, Taiwan will invest another NT$130 million to swap its street lights out for LED-based models. Nations of the world, the gauntlet has been thrown down.