—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 Carbon -dioxide (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
—Apparel industry, global warming, emissions,
carbon off-settings, carbon neutrality, Anova.
L. F. D. de Z. Gunathilaka is with University of Sri-Jajewardenepura,
Sri-Lanka (e-mail: firstname.lastname@example.org).
Cite: L. F. D. de Z. Gunathilaka and K. D. Gunewardena, "Analysis of Carbon-off Setting Targets towards Sustainable Economic Development in Apparel Sector Organization in Sri-Lanka," International Journal of Trade, Economics and Finance vol.5, no.4, pp. 360-363, 2014.