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The Economic Crisis, Tourism and Climate Change

The Economic Crisis, Tourism and Climate Change. Adam Blake Bournemouth University. GDP Growth (over previous 12 months). Stock Markets. International Tourism. International Tourism Arrivals, World (% change over previous year). Source: UNWTO.

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The Economic Crisis, Tourism and Climate Change

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  1. The Economic Crisis, Tourism and Climate Change Adam Blake Bournemouth University

  2. GDP Growth(over previous 12 months)

  3. Stock Markets...

  4. International Tourism

  5. International Tourism Arrivals, World (% change over previous year) Source: UNWTO

  6. International Tourism Arrivals, World (% change over previous year) Source: UNWTO “Another Record Year for World Tourism”

  7. International Tourism Arrivals, World (% change over previous year) Source: UNWTO “Start to 2007 Exceeds Forecasts”

  8. International Tourism Arrivals, World (% change over previous year) Source: UNWTO “Full Steam Ahead for International Tourism” Subprime mortgage defaults in the US First injection of liquidity by central banks ($43bn in the US) UK government takes over Northern Rock

  9. International Tourism Arrivals, World (% change over previous year) Source: UNWTO “World tourist arrivals: from 800 million to 900 million in two years”

  10. International Tourism Arrivals, World (% change over previous year) Source: UNWTO “Demand remains firm despite uncertainties”

  11. International Tourism Arrivals, World (% change over previous year) Source: UNWTO “Rapid slowdown of international tourism growth” US government takes over Fannie Mae and Freddie Mac. Lehman Brothers go bankrupt

  12. International Tourism Arrivals, World (% change over previous year) Source: UNWTO “International tourism challenged by deteriorating global economy” The US enters recession

  13. International Tourism Arrivals, World (% change over previous year) Source: UNWTO “Testing times for international tourism” The UK (and most of Europe) enters recession

  14. Climate change targets

  15. Climate change targets

  16. The Recession and Climate Change • Does the recession mean that • climate change is not a problem? • we will meet our climate targets easier? 7% 12% 1990 2005 2012

  17. The Recession and Climate Change • Does the recession mean that • climate change is not a problem? • we will meet our climate targets easier? 4-5% reduction from recession (???) 7% 12% 7-8% action still required 1990 2005 2012

  18. The Recession and Climate Change • Does the recession mean that • climate change is not a problem? • we will meet our climate targets easier? 4-5% reduction from recession (???) 7% 87% 83-84% action still required 1990 2005 2050

  19. The Green Economy • Short term (e.g. to 2020) • Carbon taxes and emissions trading • High-carbon activities become more expensive • Low-carbon activities set to benefit • Some changes in behaviour

  20. The Green Economy • Short term (e.g. to 2020) • Carbon taxes and emissions trading • High-carbon activities become more expensive • Low-carbon activities set to benefit • Some changes in behaviour • Long term (e.g. 2030 - 2050) • Either: • Technological change (biofuels, green electricity) • Or: • Major lifestyle changes • Substantial costs to carbon

  21. Carbon Prices • Currently trading at around $20 per tonne CO2 • Carbon offsets at between $5 and $29. • Varying projections of prices in the future: • 2020: $20 to $40 • 2050: up to $150 to $200 • 2100: $200 +

  22. Aviation

  23. Tourism and the Green Economy • Short term • Air travel becoming more expensive • Shift towards sustainability as an underpinning • Greater awareness among travellers • Possibly more offsetting • Long term • Either: • Technological change (biofuels in air transport, electric cars) • Or: • Major modal changes • rail rather than road for long-distance land travel • moves from air to rail where feasible

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