The development partners have renewed their commitment for IFC's Partnership for Cleaner Textile (PaCT II) program to support decarbonization of the readymade garment (RMG) sector in Bangladesh.
The Bangladesh RMG sector, now the second largest in the world, needs to accelerate recovery from the impacts of COVID-19 and improve sustainability and global competitiveness.
The government of Denmark, through the Danish International Development Agency (DANIDA), has committed additional funds of $3.19 million to enhance RMG sector-wide activities.
"The latest UN IPCC report on climate change has reminded us once again to take climate action now to keep the global average temperature to well below 2oC. The fashion industry alone contributes around 10 percent of global emissions. PaCT is supporting cleaner production and green growth in the RMG sector towards a sustainable Bangladesh," said Danish Ambassador to Bangladesh Winnie Estrup Petersen.
