Carbon Offsets Daily

Considering that an , several innovative companies are doing all they can to reduce their carbon footprint. One such company is is used for Boisset Family Estates wines, and other companies’ juices, soups, and other food products, including tofu.

Beer companies are also getting into the act, , leading the charge.

The trend is crossing over from the food industry to the other sectors of the market. . , and consumers can expect this trend to continue, and to ultimately bring down the price of going green.

However, looking at packaging alone is just a small piece of a company's total emissions. Fiji Water recently became the first bottled water company to make a and launched a product-specific emissions disclosure effort via website. FIJI Water claims that it will offset its total carbon footprint by 120%, partially through carbon offsets program that broke ground via a partnership with .

Many companies, entrepreneurs, and even celebrities are jumping on the carbon-free bandwagon. And even though there are critics of the efficacy of carbon credits, the trend shows no sign of slowing down.

Bloomsberry Chocolates of New Zealand is one of , and even .

The main issue is carbon awareness versus the actual efficacy of carbon-reduction strategies. A portrayed the carbon trading practice as imperfect at best, especially when referring to "€˜additionality" required to receive carbon credits.

Even so, the carbon market will not be deterred, as consumers and traders seem to like the idea of carbon credits, flawed though they may be in actual practice. Another financial project to watch is the Clean Development Mechanism (CDM), which the UN is putting into practice globally€“ .

Because of the disparity in access and distribution in the carbon market, many countries have less access to the burgeoning global carbon market, and serious adaptations can be expected as the market matures.

Today is and this year's slogan is "Kick the Habit! Towards a Low Carbon Economy". Organized each year by the (UNEP) on June 5th, the objective is to spread awareness about environment related issues and initiate political action. The host of World Environment Day 2008 is Wellington, New Zealand.

In keeping with this year's slogan, the UNEP is encouraging countries the world over to cut their greenhouse gas emissions and promoting low-carbon alternatives. The UNEP has compiled a list of and to help us de-carbonize our existence.

, the Treasury Under Secretary for International Affairs, that the Clean Technology Fund (CTF) will seek to raise $10 billion over the next three years. He said "We are aiming, along with our donor partners in the G-8 and beyond, at a global effort of up to $10 billion over the next three years with the U.S. as the lead donor."

The CTF - to be launched later this summer, will encourage deployment of clean and efficient technologies in developing economies in order to reduce their carbon footprint. The recent growth and expansion of developing economies such as China and India, has brought about an increase in their energy consumption, which in turn has led to a significant growth in their emissions. Moreover, developing countries are generally inclined to use cheap, albeit dirty technology in order to bring down costs. McCormick said "..the greenhouse gas emissions of emerging and developing economies are rising more rapidly than the emissions of developed countries and will soon surpass them".

The CTF, to be administered by the will help developing countries curb their greenhouse emissions by bridging the financial gap between adoption of cleaner-and-green technologies, instead of traditional, more polluting means. The fund will also incentivize the private sector to invest in energy efficient technologies and promote international  cooperation to  combat  global warming.