
Climate change poses major threat to Bangladesh’s apparel earnings
Bangladesh, Cambodia, Pakistan, and Vietnam — four major apparel producers — could face a 22 per cent decline in nominal earnings by 2030 and 68 per cent by 2050 if the countries fail to invest in climate adaptation, according to a new study revealed on Monday. These losses could result in nearly one million forgone jobs by 2030 and up to eight million by 2050, underscoring the urgent need for mitigation efforts, report says. The study titled ‘Hot Air: How will fashion adapt to accelerating climate change?’ highlights the urgent need for these countries to implement adaptation strategies to safeguard their industries from the escalating impacts of climate change. High heat stress days have surged by 42 per cent across five major garment production hubs including Dhaka, Hanoi, Ho Chi Minh City, Phnom Penh, and Karachi over the last 20 years, with the frequency of extreme heat events rising alarmingly,