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US$65 Billion Needed Annually to Shield Coastal and Marine Tourism from Climate Crisis

US$65 Billion Needed Annually to Shield Coastal and Marine Tourism from Climate Crisis

22 November 2024 Press Release Tourism News Organisations & Operators

Addressing world leaders during Ocean Action Day at COP29 in Baku, the World Travel & Tourism Council (WTTC) called for urgent climate investment in coastal and marine tourism to protect it from escalating climate risks. To achieve necessary mitigation, WTTC says that coastal and marine tourism will require annual investments of $30 billion for direct emissions reduction, with total needs reaching as high as $65 billion when including climate adaptation efforts.