Industry organizations such as CNTAC are gathering fashion industry leaders with over $47.1 billion in revenues to lead the trillion-dollar value market in climate action.
How will China drive industrial synergies for a trillion-dollar value industry?
In this regard, the national organization of the textile and apparel industry — CNTAC — serves as the bridge between upstream and downstream enterprises and organizations across the industry. In 2017, CNTAC launched the Climate Innovation 2030 Initiative and in 2019, it launched the Climate Special Fund for Fashion Industry to fund the development projects of future sustainable fashion designers in China.
With the goal of a 55 percent cut in carbon emissions under a 1.5°C planet warming scenario, the trillion-dollar global value industry chain is coordinating its strategies.“Carbon neutrality,” a term that’s been given extraordinary meaning since its inception, is considered by many as a disruption, a transformation and an upgrading.
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