Swiss Re said it is putting money behind its campaign againstglobal warming with subsidies to employees around the world whopurchase hybrid vehicles or spend for other energy savingitems.

A spokesperson for the Zurich-based reinsurer said U.S. staffcould receive up to $4,077 in payments for spending that can leadto a reduction in carbon monoxide emissions.

The company said its actions are part of a commitment it hasmade to support the Clinton Foundation's global initiative to cutemissions and support clean energy. The non-partisan foundation wasestablished by former President Bill Clinton

Swiss Re said it calls its efforts the "COYou2 reduce and gain"program.

In 2003, Swiss Re said, the company declared that it would makeits own operations carbon neutral by 2013.

It said "COYou2 reduce and gain" backs employees' investments inmeasures that contribute to reducing greenhouse gas emissions,particularly in relation to mobility, heating and electricalenergy.

Such measures, which vary according to regional circumstancesand preferences, include low-emission hybrid cars, use of publictransport, and the installation of solar panels or heat pumps.

From now until the end of 2011, Swiss Re said it will rebateeach employee one half of the amount invested in these measures, upto a maximum per employee of CHF 5000 ($4077) or the equivalent inlocal currency. Swiss Re has offices in over 30 countries.

Ivo Menzinger, head of Sustainability & Emerging RiskManagement, who is in charge of the "COYou2 reduce and gain"program, said, "Swiss Re is actively engaged in mitigating climatechange and its consequences."

He said in a statement that the program "is an investment thatwill encourage our employees to make a personal contribution andfurther raises awareness of the issue."

Alayna Tagariello, vice president for Swiss Re America HoldingCorp. media relations in New York said U.S. employees could receivepayments for the purchase or lease of a hybrid or electricalvehicle, home solar panels or heat pump and other investments basedon recommendations from a home energy audit.