The trillion-dollar climate gap in fashion
The fashion industry isn’t short on passion for slashing climate pollution. It’s short on money.
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Show Notes
Last fall, the Apparel Impact Institute and Fashion for Good mapped out what it would take to cut fashion’s carbon emissions by half by 2030, and hit net-zero by 2050. Those are goals identified by the UN fashion charter in 2018.
Their conclusion: we’ll need $1 trillion to get there. This week, we’ll ask: where will that money come from?
Then, as shoppers are heading back to stores, high-end brands are adding circular services to try to draw them in. Is this an indication of a bigger movement for in-person retail?
Finally, we end with European raids of top design brands’ headquarters. Did a movement to rewire fashion more sustainably somehow turn anticompetitive?
Stories discussed in this episode:
- Sourcing Journal: H&M and Lululemon back $250M climate fund
- Euronews: The trillion dollar question over how to fix the fashion industry
- Aii/Fashion for Good report on decarbonizing fashion
- Vogue Business: sustainability comes to physical retail
- Vogue: Rewiring fashion groups reflect on a year of change
- Business of Fashion: EU raids target brands proposing sales periods, restrictive practices
- Vogue: What happened to the fashion industry reset?
Hot Buttons is a production of Post Script Media. The show is hosted by Christina Binkley, Rachel Kibbe, and Shilla Kim-Parker. Follow the show on Twitter.
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