Carbon tax to hit global trade


By Mario Andree

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.

He said by reducing the carbon footprint the company is generating immense profits and is prepared for the upcoming market and challenge.

Further by going green and creating a green environment within the company productivity levels has increased generating more value and revenue.

Sri Lankan companies need to focus in reducing their environmental impact to save from trouble within the next few years.

He said businesses avoid going green thinking it is unnecessary and a big investment but in the long run it would generate more profits and keep the product to best international standards.

The companies have to act now, according to recent revels the carbon tax would be implemented in another two years. When the tax is implemented it would have a major impact on the value and profits of the businesses.

Further he said making a company green is a gradual process and needs time so it’s better to prepare now for the upcoming obstacle.

Starting at the

Going green needs to start at grassroots level. Managing waste could generate an additional income, said a top consultant.

Addressing the ‘Green Job Conference’ of ILO, Aitken Spence, Social and Environmental Consultant, Ravi De Silva said going green needs to start at primary education level and should be added to the school curriculum to generate an environmental friendly future society.

He said environmental management has contributed to the Aitken Spence hotels generating more profits.

However, he said that the government has to work on a policy framework to create a greener environment and the best way to do it would be by educating the children.

He said it is not easy to change an older persons mind but it would be more effective by educating the next generation.

Going green is not expensive, he said, it could be through simple daily activities which makes it easier.

Using sunlight would help reduce energy loss and further reduce energy cost, such actions could help save large amounts of cost.

He said ‘A person’s waste could be another’s raw material’ and by managing waste without making it garbage also could help generate an extra income.

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