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Fashion brands drag feet on their green promises

Eco-Business

Many suppliers balk at the high capital investment needed to replace gas-based boilers with more energy-efficient technologies, like heat pumps, according to a study by the Apparel Impact Institute (AII), a non-profit promoting sustainable investments. Overall, Bangladeshi fashion suppliers face an investment gap of US$4.8

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Adapt or Burn

Chris Hall

While governments and international development banks have been key in financing some of these initiatives, it is clear that private financing will become increasingly important in achieving rapid and ambitious adaptation. The 2023 UN Adaptation Gap Report puts the adaptation financing gap at US$194 to 366 billion per year.