Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will assess the merits of introducing fiscal incentives to more widespread use of LED lighting.

There are already fiscal incentives for LED lighting. An Enhanced Capital Allowance is available for white light emitting diode (LED) lighting units. This Enhanced Capital Allowance lets businesses claim 100% first year relief on investments in certain energy-saving equipment. More information on product eligibility for an Enhanced Capital Allowance can be found on the Energy Technology Criteria List 2014 at:

https://etl.decc.gov.uk/etl/site/criteria.html.

In addition, the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme is designed to improve energy efficiency and cut emissions in large public and private sector organisations. The scheme provides a fiscal incentive to install energy-saving measures such as LED lighting.

The government has a long term commitment to reducing the UK’s greenhouse gas emissions and the Department of Energy and Climate Change’s (DECC) 2012 Energy Efficiency Strategy highlighted the importance of increasing energy efficiency to achieve the Government’s climate change goals, in addition to helping people and business manage their energy bills.

The Chancellor keeps all tax policy under review.