Sustainability energy measures could deliver upto 1 billion tons of GHG savings for textiles sector

Stakeholders

Energy management professionals

Entrepreneurs

Financial investors

International policy makers

National and regional policy makers

For the textile industry, implementation of energy efficiency and sustainable energy could deliver upto 1 billion tons of GHG emissions savings by 2030, across the entire textile value chain, according to a McKinsey report.

These look extremely interesting. If clean energy investments could deliver between 500 million tons and 1 billion tons of GHG abatement per year for the industry, that’s indeed a big thing!

Implementing clean energy projects is becoming increasingly easy with the fast rise of solar power (and wind power too) where companies can go even 100% solar without having to invest anything upfront through the signing of PPAs with independent renewable energy power producers.

For energy efficiency too, similar solutions (energy services providers who provide such energy efficient equipment on rent/as a service) are available, though much less prominent. But in many cases, energy efficiency investments are shown to have payback periods of fewer than 2 years and hence even capital investments into energy efficiency should be fairly easy for many textile and apparel companies. But our reading show that energy efficiency projects are not being implemented at a pace that is commensurate with their economic attractiveness.

What could make hasten this massive transition to clean energy for the textile industry? What can make this transition happen within the next 10 years instead of 20?