Carbon Fund Established in Shiga Prefecture to Foster Eco-Social Market Economy

On April 14, 2009, the Shiga Carbon Fund was established by economic organizations in Shiga Prefecture in collaboration with the prefecture to institute a carbon offset mechanism. The objective is to reduce greenhouse gases, such as carbon dioxide, while improving the economy through initiatives funded by the endowment from the participating businesses.

The Shiga Carbon Fund is part of the Shiga Eco-Economy Project which was started in fiscal 2006 by the prefecture, the Shiga Committee for Economic Development, the Shiga Economic and Industrial Association and other four economic organizations in an effort to attain a sustainable eco-social market economy. Upon making a contribution to the Fund, a business receives a participation certificate. Businesses launching a low-carbon project may apply for a grant or a official recognition award.

Posted: 2009/05/11 06:00:15 AM

TAG Global warming , Local government , Manufacturing industry , Non-manufacturing industry