It ain't fashion, if it ain't sustainable

Development Finance International Inc

Climate Action / India Decarbonisation

14 November 2024

8 minutes

Significant investment in renewable energy and energy efficiency interventions are required to reduce the absolute emissions of the fashion industry by 50% by 2030, the target set forth by the Fashion Industry Charter for Climate Change, which is operated under the United Nations Climate Change Secretariat. The fourth largest exporter and one of the biggest consumers of textiles and apparel, India has immense potential to lead decarbonisation interventions in the sector.

All Indian Players Regardless of Size, Scale Should Take Part in Decarbonisation Journey

A just-published Apparel Impact Institute (AII) report named India as a crucial region for impactful decarbonisation interventions and outlined solutions for mobilising sustainable financing, stating that with the right monies, manufacturing can play a key role in meeting the country’s climate targets, especially the emissions-intensity target of 45% below 2005 levels by 2030. texfash talks to AII President Lewis Perkins to learn how India’s apparel manufacturers are pursuing decarbonisation and how it can be financed at scale.

Richa Bansal

Interview

Climate Action / India Emissions

5 November 2024

3 minutes

The AII report identifies at least $1.3 billion in readily available financing from credit lines and revolving funding schemes and estimates an additional $1.2 billion already being developed by international financing institutions, governments, and NGOs.

$2.5 billion Available for India's Apparel Decarbonisation, Another $4 billion Still Needed

The Apparel Impact Institute (AII) has published a report on the Indian textiles and apparel industry, contending that the country is succeeding in sourcing green finance with over $2.5 billion already available to decarbonise the industry in India, but a big financial gap still exists.