Tag Archives: net zero by 2050

Travel & Tourism industry can shift to a net-positive model by 2050 finds new report

‘Better Travel & Tourism, Better World’ a new report developed through a partnership between the Saudi-based Sustainable Tourism Global Centre (STGC) with Systemiq, the world’s leading independent system change advisory firm, finds that The Travel & Tourism industry could reduce its emissions by more than 40% by 2030 by taking radical action to contribute to the race to net-zero. The new report was launched at the 22nd Global Summit of the World Travel & Tourism Council being held in Riyadh in Saudi Arabia under the theme “Travel For A Better Future.” It is based on extensive consultation with leading stakeholders around the world representing hospitality, transport, OTAs, governments, investors, NGOs and academia. The global Travel & Tourism industry creates opportunities for societies around the world, the economy and nature. However, the analysis of the report showed that the industry today is generating significant environmental and social costs and is responsible for 9-12% of total global greenhouse gas emissions. The report found that without significant change these emissions will rise 20% by 2030, representing one-third of the total (net zero) global carbon budget of that year. This puts the viability of the industry itself at risk. The Travel & Tourism industry has a vital role to play in slowing down climate change, restoring nature and strengthening communities. This landmark report is the first to estimate a fully costed strategy for shifting the Travel & Tourism industry to a net-positive model by 2050. It calls on industry leaders and policymakers to move urgently to implement a reform agenda centred around five priorities: reduce emissions, protect and restore nature, strengthen communities, shift traveller behaviours and increase resilience to climate change and other shocks. …

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