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  • Published: Jan 31st, 2011
  • Category: Asia
  • Comments: 1

Carbon tax to hit global trade

Within the next few years the world trade market would look towards greener products and according to recent discussions a carbon tax would be implemented on those products not following the proper procedures. Addressing the Green Job Conference organized by the ILO, Brandix Apparel, Energy and Environment Group Head, Iresha Somarathna said within the next two years the trade market would implement a carbon tax over manufactories. He said it is vital to reduce carbon footprint to be competitive as other regional countries are already in the process. Businesses could earn more profits by reducing their environmental impact. According to the Brandix study the company which had an electricity bill of more than Rs. 1.2 million was able to reduce it to Rs. 800,000 by managing the lighting conditions and using sunlight for its daily activities.

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One Response to “Carbon tax to hit global trade”

  1. Miracle
    on Jul 25th, 2011
    @ 7:11 pm

    It’s wonefdrul to have you on our side, haha!

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