Oct 02, 2008 (LBO) – Growing consumer demand in Western markets for environmentally-friendly products provide new opportunities for Sri Lankan businesses, a European Union official said.
The opportunities arise through increasing EU efforts to cut greenhouse gas emissions that lead to global warming, said Roshan Lyman, head of politics and trade at the European Commission delegation to Sri Lanka.
“The EU has set targets to cut greenhouse gases,” he told a seminar on carbon trading organised by the European Union office in Colombo.
“It believes global action is needed to stabilise the earth’s surface temperature. If not, there’s likely to be lasting damage.”
Lyman said the EU is taking action against climate change by cutting greenhouses gases through energy efficiency and meeting more energy requirements from renewable energy sources.
“The emissions trading scheme is the EU’s main weapon. It allows countries to scale down greenhouse gas emissions in a cost effective way.”
The new standards drawn up by the EU apply to all EU member nations, c