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Bangladesh’s Textile, RMG Sectors Get $256.5M in Energy-Efficiency Funding

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

The United Nations-backed Green Climate Fund (GCF) has approved $256.5 million in funding to help Bangladesh promote the large-scale adoption of energy-saving technologies and equipment in its textile and ready-made garment (RMG) sectors. The disbursement, announced last week, will mark the first concessional GCF credit line for the South Asian nation, whose pandemic-battered garment industry…

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