A study has projected that by 2030, Bangladesh could lose 4.8% of its working hours due to heat stress unless proper adaptation measures are implemented. The study also highlights that rising sea levels are likely to submerge around 17% of the country’s land and displace approximately 20 million people by 2050. Additionally, Bangladesh’s garment sector may lose its global competitiveness if the country does not adopt renewable energy measures in the next decade, as international brands may either pay less for garments produced in fossil-fuel powered factories or avoid purchasing from them entirely.
The study, conducted by FSG with assistance from H&M Foundation and Laudes Foundation, was revealed at a discussion in Dhaka, where the authors discussed the challenges faced by Bangladesh's garment and construction industries. These sectors, which are crucial to the country's economy, employ millions and contribute significantly to GDP but are also responsible for a substantial portion of greenhouse gas emissions. The study notes that the garment industry’s adoption of renewable energy remains below 2%, in contrast to other competing nations making considerable progress.
Bangladesh's industrial workforce, primarily employed informally and earning below the living wage, is particularly vulnerable to climate change impacts. The study calls for greater inclusion of workers and marginalized communities in decision-making processes to increase accountability from companies and the government. It also urges an emphasis on just transitions, with investments aimed at fostering a low-carbon economy, improving worker conditions, and reducing emissions.
The study outlines seven priority areas for Bangladesh, including transitioning to low-carbon manufacturing, using circular materials, increasing climate adaptation in workplaces, upskilling workers, expanding social protection, and ensuring better worker housing. Experts also stressed the importance of enhancing green financing, with Bangladesh needing to increase its investments in sustainable solutions to align with the rising global demand for sustainable fashion and to stay competitive in the international market.