The trillion-dollar climate gap in fashion

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.  Learn more about your ad choices. Visit megaphone.fm/adchoices