Hong Kong can set its own standards for energy-efficient LED lighting and lead the world in its development, a home-grown lighting company says. It said the lack of a universal standard could be a hindrance, besides prices, to public acceptance of the lighting device and even an obstacle to government recognition. 'You can't find accreditation for LED all over the world. Why can't Hong Kong move faster as there are people capable of mastering the technology?' said Peter Chan Cheong-tak, managing director of Optiled Lighting International, which was founded in 2000 to specialise in LED. Chan said Hong Kong could take the lead in research and development, labelling as well as accreditation for the lighting product. LED - light emitting diode - is an emerging lighting technology that is up to 10 times more energy efficient than conventional lighting although its prices are higher. However, unlike fluorescent lighting, LED in Hong Kong does not have to carry energy labels because the law does not call for that. There is also a problem of specifications as countries adopt different standards. Last year, the government excluded LED from the green light bulb cash coupon proposal in the policy address because of the lack of a standard for it. The Environmental Protection Department (EPD) said the proposal, affected by conflict of interest allegations involving the Chief Executive Donald Tsang Yam-kuen and his in-laws, would be tabled 'soon'. There had been hints from officials that LED might be included in the scheme, although the EPD would not confirm it, saying it would take heed of public views when finalising details of the scheme. Chan said the company would cut the price of one of its LED lamp products from HK$298 to HK$168, a drop of 44 per cent. The sales of LED products had recorded a tenfold increase in the past year.