COPENHAGEN – The Global Fashion Agenda (GFA) has released a report which claims that the sector could become ’80 per cent circular’ by 2030 if it invests heavily in recycling technologies and infrastructure.
The non-profit estimates it would take between US$5-7 billion to scale promising solutions, and believes its ongoing Circular Fashion Partnership project in Bangladesh demonstrates the potential for swift, industry-wide changes.
Federica Marchionni, GFA’s chief executive, says: “This research proves that the necessary recycling technologies exist, deliver huge improvements in environmental impact and that the economics work at scale. The challenge is providing conditions for scaling.”
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