Climate change adds to clothing sector’s problems - Kathimerini English Edition
Climate change adds to clothing sector’s problems | eKathimerini.com
Climate change adds to clothing sector’s problems
Inflation, the limitation of households’ disposable incomes, as well as climate change comprise the perfect storm for Greek retailers in the clothing sector, at a time when the messages from other European markets are not particularly encouraging.
“Now we’re going from short pants straight to sweaters, it is as if we have only two seasons,” market insiders tell Kathimerini, commenting on the effects of climate change.
This October proved to be the warmest in Greece in the last 15 years, while November also gave us a warm reception, with the result that until a few days ago many people were walking around in summer clothes.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”