Making the Business Case for Climate Smart Investments: Guidelines for the Tourism Sector

The transition of tourism to net-zero emissions will require significant investment and innovation by the businesses and other stakeholders. UNEP recently launched this initiative to support the urgent transition, which is aimed to address challenges that the private sector faces in financing climate mitigation actions in the tourism sector. The guidelines support tourism businesses and stakeholders in identifying potential sources of finance and in structuring and developing finance proposals for the needed mitigating actions. They recommend adopting low-emissions technologies and tourist behavior change to allow companies to optimize resources, reduce operation costs, and increase efficiency while improving their environmental performance.