Statement 1 is correct: A CFL (Compact Fluorescent Lamp) produces light by passing an electric current through mercury vapour, which excites phosphor coating inside the tube. An LED (Light Emitting Diode) lamp uses semiconductor material (diodes) that emit light when electric current passes through them. Statement 2 is incorrect: LED lamps typically have a significantly longer average lifespan (e.g., 25,000 - 50,000+ hours) compared to CFLs (e.g., 8,000 - 15,000 hours). Statement 3 is correct: LED lamps are generally more energy-efficient than CFLs, meaning they use less electricity to produce the same amount of light (lumens).