US introduces $60 LED light bulb

A prize-winning light bulb that lasts for 20 years is going on sale in the US on Sunday - also known as Earth Day, BBC reports.

Made by Dutch electronics giant Philips, the bulb swaps filaments for light-emitting diodes to provide illumination.

Using LEDs endows the light with a long life and a hefty price tag. The first versions are set to cost $60 (£37).

Philips has arranged discounts with shops that will sell the bulb meaning some could buy it for only $20 (£12).

Production of 100 watt bulbs has ceased in the US and Europe. Production of 60 watt bulbs has been stopped in Europe and is being phased out in the US. From 2014, incandescent bulbs of 40 watts or above will be banned in the US.