Inadequate policy support slowing down green transition - The Business Standard
Source: https://www.newagebd.net/article/161412/buyers-not-paying-premium-prices-but-taking-credit-for-sourcing-from-green-factories-experts
Author: Staff Correspondent
Bangladesh readymade garment sector has the highest number of green factories in the world but no buyer pays additional one cent for the environment-friendly production, they said at the launching programme of ‘Securing Green Transition of the Textile and Readymade Garments Sector in Bangladesh’ at BRAC Centre Inn in the capital, Dhaka. Fazlul, also the managing director of Plummy Fashions Ltd, said that there should be some incentives for the entrepreneurs for securing environment-friendly production as RMG factory owners had to spend 30 percent additional money to establish a green factory.‘ Obstacles to a green transition and sustainable growth include, among others, absorption of green technology, green skills development and access to finance. But also, an efficient policy making process that promote green investments,’ Christine Johansson, deputy head of mission of Sweden embassy in Bangladesh, said.