WTTC calls for $65 billion annual investment to protect coastal tourism from climate change

29-11-24

As part of the Oceans Action Day during COP29 in Baku, Azerbaijan, the World Travel & Tourism Council (WTTC) urgently called on world leaders to invest $65 billion annually to protect coastal and marine tourism from growing climate risks. This investment is broken down into $30 billion for direct emissions reductions and $35 billion for climate adaptation efforts. 

The report “Climate and Ocean: Quantifying Coastal and Marine Tourism and Destination Protection,” developed in collaboration with Iberostar Group and Oxford Economics, highlights that in 2023 coastal and marine tourism generated $1.5 trillion for the global economy and supported 52 million jobs. However, it also contributed 0.8% of global greenhouse gas emissions, equivalent to 390 million tons of CO₂, underscoring the need for immediate measures to mitigate its environmental impact.