Tourexpi
UNWTO Shakes Up Financing for Tourism Climate Action with UN NetZero Facility
The
launch took place on 14 November 2023 at the United Nations Headquarters,
Geneva, marking a pivotal moment in the global campaign against climate change
following the adoption of the Paris Agreement by 196 parties.
A
new era of finance governance
The
UN NetZero Facility and Re-PLANET Capital Fund Ecosystem aspire to foster a new
era of global finance governance. This transformative initiative aims to unlock
carbon value, incorporating concepts such as Blue Carbon and circular
business models. The ecosystem is dedicated to catalysing positive change in
the Blue and Green Economy sectors, transforming regeneration into not just an
ecological necessity but also a profitable endeavour.
Tourism's
transformation to low-carbon operations is our compass, let's make Net Zero our
destination by 2050 - a journey for prosperity and a healthy Earth
Key
highlights of the framework include:
·
Blended Financial Ecosystem: A
collaborative approach that integrates diverse funding sources, providing a
solid foundation to address pressing climate challenges.
·
Blockchain Technology: Utilizing
energy-efficient blockchain technology for transparent fund raising and
transfer, ensuring real-time tracking and accountability.
·
Transparency and Accountability:
Committed to unparalleled transparency, accountability, and auditability,
ensuring the traceability of funds from inception to implementation.
Announcing
the launch
The
Director-General of the United Nations Office in Geneva (UNOG) Tatiana Valovaya
said: “The UN NetZero Facility is designed to resonate with the 2030 Agenda
which reflects the interconnectedness between human well-being and the health
of the planet.”
UNWTO
Secretary-General Zurab Pololikashvili says: “Tourism's transformation to
low-carbon operations is our compass, let's make Net Zero our destination by
2050 - a journey for prosperity and a healthy Earth."
Frederic
Degret, CEO of Noah adds: “We stand at a pivotal moment. The Re’planet Capital
Fund, in compliance with Article 9 of SFDR, is not just a fund; it’s a catalyst
for change, empowering investors to drive sustainable growth.”
Blended
finance model
UNWTO's
Multi-Partners Trust Fund, within the UN system, will offer advisory
services and grants to accelerate global progress toward achieving net-zero
carbon emissions. The Facility will operate on a blended finance model and is
set to leverage investments to transition toward building a climate-conscious economy.
The UN
NetZero Facility and Re-PLANET Capital Fund Ecosystem will
address some of the most capital-intensive climate issues, such as carbon
credit quality and integrity, regulatory and market dynamics, and the
monetization of sovereign nature-based and carbon credits.
Image
Credit: © UNWTO
The most interesting news
Six Senses Debut Resort in the Caribbean: Six Senses La Sagesse, Opening May 2024
Enjoying a pride-of-place setting between the ocean and a protected cove on the southern part of Grenada, Six Senses La Sagesse invites guests to put their feet up and worries down and embark on a journey of discovery, rejuvenation, and celebration.
Cunard to Celebrate Queen Anne with British Isles Festival Voyage
Cunard has announced the first event voyage on Queen Anne with a special British Isles Festival to coincide with her maiden voyage around the British Isles.
David Schelp returns to TUI Group
After 34 years with TUI, Executive Board Member David Burling hands over the responsibility for Markets and Airlines at the turn of the year.
China Resets Tourism Button with New ‘Nihao China’ Branding
The China National Tourist Office in Los Angeles (CNTO) caps its multicity campaign to promote the organization's recent global "Nihao China" rebranding by hosting an all-member luncheon at the 2023 United States Tour Operators Association Annual Con
Lufthansa Group joins Airbus’ carbon-removal initiative
Innovative process that removes CO2 from the air and stores it permanently as a complementary instrument in the Lufthansa Group sustainability strategy.
Viking Announces 10 Additional River Ships In Europe
Construction Has Started on New Viking Longships to be Delivered in 2025 and 2026.
Turkish Airlines And Riyadh Air Sign Strategic Cooperation MoU
Turkish Airlines (TK) and Riyadh Air (RX) have agreed a Strategic Cooperation Memorandum of Understanding to offer a comprehensive range of benefits for guests traveling between the Kingdom, Türkiye and points beyond their Riyadh and Istanbul hubs,
Tourism at COP28 – Delivering on the Climate Action Commitments of the Glasgow Declaration
UNWTO has brought together sector leaders at the 2023 United Nations Climate Change Conference (COP28) to showcase the progress made in implementing the Glasgow Declaration for Climate Action on Tourism.
easyJet collaborates with RTX to enhance operations
Collins Aerospace, an RTX (NYSE: RTX) business, is working with easyJet to activate GlobalConnectSM connected aircraft services on more than 330 Airbus aircraft in its fleet.
UNWTO Leads Expert Seminar on International Tourism Law
UNWTO has laid the strong foundations needed for countries everywhere to provide greater legal certainty to all operators in the tourism sector.
Qatar Airways Introduces New Organic Food Choices for Passengers
The award winning airline partners with local farms and Evergreens Organics to curate EXPO 2023 Doha a la carte menu special.
UNWTO Holds Executive Training Programme for Asia and the Pacific
UNWTO welcomed high-level officials from the Tourism Administrations of 19 countries as it put the focus on navigating human resource development challenges in tourism in a post-pandemic world.
Prague to Host Prestigious World Chemical Congress
In 2029, it will be exactly 70 years since the first Nobel Prize was awarded to what was then Czechoslovakia. Professor Jaroslav Heyrovský received the award in 1959 for his discovery of polarography, a chemical method used to analyse solutions.
UNWTO Launches Tourism Investment Guidelines for Chile
The tourism sector in Chile experienced a 52.9% growth in income 2022, new UNWTO research into the country’s status as a top destination for investors reveals.
EDITION’S First Caribbean Property: 620-acre Nature Reserve in Mexico’s Riviera Maya
Nestled within the new luxury resort community of Kanai and its natural mangroves, lagoons and beaches, EDITION’s newest gem marries its signature brand of hospitality with the Yucatan Peninsula’s modern and ancient cultures.
Hotel Toranomon Hills Debuts as Tokyo's First Hotel Within The Unbound Collection by Hyatt Portfolio
Situated at the heart of the dynamic Toranomon Hills global business hub, the hotel serves as an urban launchpad offering bleisure travelers comfort, convenience and cosmopolitan cuisine.
Lufthansa Group and Lilium sign Memorandum of Understanding for strategic partnership
Planned cooperation to jointly shape the future of Advanced Air Mobility in Europe.
Sweet Four Major Lighting Areas: A Comprehensive Guide to Christmasland in New Taipei City
This year's "2023 Christmasland in New Taipei City" brings to life a joyful world with Santa Bear and his friends Robbie, Gingerbread Man, Snowman, Chocobi, and Macaron across four major lighting areas: New Taipei City Plaza, Banqiao Station Square,
Radisson Hotel Group and hivr.ai complete industry’s first successful direct connection for meetings
Radisson Hotel Group is the first international hotel group to fully implement hivr.ai’s ground-breaking technology.
Accor opens the second by Mercure hotel in Tbilisi expanding its portfolio in Georgia
Tbilisi Saburtalo Hotel by Mercure offers a high level of service and a comfortable stay in the vibrant Saburtalo district.
Grand Hyatt Kuwait Residences Officially Opens its Doors
The iconic Grand Hyatt brand expands presence into the luxury residential space in Kuwait.
