New research shows that four Asian countries will lose $65 billion in garment export earnings by 2030 due to extreme heat and flooding that will harm the workers’ health.
The study, conducted by Cornell University and Schroders, analysed 32 garment production hubs for six global brands in Bangladesh, Cambodia, Pakistan, and Vietnam and assessed their climate sensitivity. It found that the whole fashion industry faces significant risks from flooding and heat, which will reduce export revenues by 22%.
The researchers warned that these projections are expected to worsen by 2050, resulting in about 69% in lost export revenues and 8.64 million fewer jobs.