Analysis of Carbon-off Setting Targets towards Sustainable Economic Development in Apparel Sector Organization in Sri-Lanka

Gunathilaka, L. F. D. de Z.; Gunewardena, K. D.
August 2014
International Journal of Trade, Economics & Finance;Aug2014, Vol. 5 Issue 4, p360
Academic Journal
This paper focuses on Sri Lankan apparel manufacturing industry in relation to carbon off setting targets to mitigate emissions by reviewing the industry contribution to increasing levels of atmospheric Carbondioxide (CO2) which is the governing factor in global warming. This paper attempts to highlight that all stakeholders of this aspect of the industry to reduce greenhouse gas emissions and the significance of neutrality which is ever so important indeed for the entire country coming from the Industry that occupies the topmost position of its economy. The ultimate objective of this study is to review the extent of fossil fuel burning the sector is responsible and the pragmatic carbon offsetting steps taken by the apparel organizations with commitment. The findings reveal a significant relation between carbon neutrality and offsetting targets towards greenhouse gas emission. It was also revealed that in order to neutralize emissions merely buying credits is inadequate compared to in-house off settings planning. Currently there are around 270 apparel factories in Sri Lanka, among the ones in operation a sample of 50 apparel companies were selected.


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