Incredible clothes grow with your child 🔎| Fashion Industry | Carbon Emissions | NRK INTELLIGENCE
Channel: NRK INTELLIGENCE
Date: 20/06/2021

The fashion industry was responsible for at least 4% of global greenhouse-gas emissions in 2018 - more than the carbon output of France, Germany, and the United Kingdom combined.McKinsey research shows that without action, the industry will fail to meet the Paris Agreement's target for 2030. By accelerating changes along the value chain, the industry could substantially reduce its contribution to global warming by reducing emissions.The fashion industry was responsible for at least 4 percent of global greenhouse-gas (GHG) emissions in 2018—more than the carbon output of the economies of France, Germany, and the United Kingdom combined. Even taking into account the reduction demand effected by COVID-19, new McKinsey research shows that, without substantial carbon-abatement measures, the current trajectory will lead to an industrywide emissions level that is still twice the size of that required to meet the Paris Agreement’s target for 2030.In fashion, as in many industries, attaining sustainability has become imperative, in part because investor expectations are skyrocketing and consumers are starting to expect sustainable products. In addition, environmental regulations are becoming stricter, industry talent is moving to sustainable companies, and significant value from attaining sustainability is at stake—value that first movers are already starting to capture. During a McKinsey Live webinar, senior partner Karl-Hendrik Magnus and partner Anna Granskog identified ways that industry stakeholders—brands, retailers, manufacturers, investors, policy makers, and consumers—can play a part in reducing GHG emissions.
The carbon-abatement goal is for industry emissions in 2030 to be 1.7 gigatons of CO2 equivalent less than they are today. Reaching that ambitious target requires the acceleration of abatement efforts all along the industry’s value chain. Upstream activities—fabric production and processing, garment manufacturing, etc.—have the potential to deliver about 60 percent of the total reduction in emissions, actions by brands have the potential to deliver about 20 percent of the reduction, and the remainder would come from changes in consumer behavior. Most of the changes necessary to accelerate carbon abatement require upfront investment, but a surprising number of them would, rather than be costly, lead to net cost savings industry wide.

How smart are your clothes? 🔎 Learn more about how the fashion industry can reduce its carbon footprint: https://buff.ly/2XxbhvX

#nrkintelligence #fashionindustry #carbonemissions
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