However, criteria for awarding the labels may differ greatly. According to some estimates, the value of the global market for environmental goods and services, including renewable energy technologies and low carbon activities,36 was about USD 1.6 trillion in 2007-08. Japan accounted for 6.3% of this global market, the third largest share after the US and China (Innovas Solutions, 2009). In response, the Eco-Mark Office strengthened its inspection activities. Alternative fuels, carbon finance and building technologies.