Decarbonization has become a primary concern for several businesses, including international travel and tourism, which is responsible for between 8 and 11% of global emissions due to the worsening consequences of climate change. The sector’s carbon emissions will continue to increase as it expands if nothing is done. Between 2016 and 2030, there will be a projected 85 percent increase in travel.
More customers, workers, government officials, and investors are thinking about cutting back on their travel, which is increasing pressure on the industry to cut its carbon emissions. As a result, more travel agencies have promised to achieve net zero. But there are barriers in the road. There is a small selection of pricey decarbonization technology on the market.
Demand reduction might be a part of the solution, but there are numerous doable actions that travel businesses can do right away to accelerate the process of becoming more sustainable—and perhaps even create value in the process. In order to achieve the most significant results for the environment, their customers, and themselves, travel businesses should concentrate their decarbonization efforts in four high-priority areas, according to this report by McKinsey and Skift Research.
