Tony Loeb

🌍 Launched at COP29 in Baku, Azerbaijan, WTTC's Net Zero Roadmap for Travel & Tourism shows a 27% increase in businesses setting climate targets over three years, with 53% of 250 analyzed companies committed as of 2023, up from 42% in 2021. One-third of these businesses align with Science-Based Targets initiative (SBTi) goals. The Travel & Tourism sector's carbon emissions were 6.5% of global emissions in 2023, down from 7.8% in 2019, a 10.2% reduction in greenhouse gas intensity. Aviation, cruise, and accommodation industries reduced carbon intensity by 6% and 11% respectively since 2019. The roadmap aims for net zero by 2050 and emphasizes sector alignment, transparency, and the role of Sustainable Aviation Fuel (SAF) to reduce the aviation carbon footprint by up to 80%.

📍 In the past three years, global Travel & Tourism businesses with climate targets have increased by 27%, reaching 53% out of 250 analyzed. Launched at COP29 in Baku, Azerbaijan, the WTTC's Net Zero Roadmap's second edition shows a jump from 42% in 2021. One-third of these businesses commit to Science-Based Targets initiative goals, with SBTi target adoption more than doubling since 2021. The roadmap, developed with Accenture, UNEP, and Azerbaijan's State Tourism Agency, seeks net zero by 2050 and introduces decarbonization frameworks. Travel & Tourism's carbon emissions dropped to 6.5% of global emissions in 2023 from 7.8% in 2019, indicating a 10.2% reduction in greenhouse gas intensity. Aviation, cruise, and accommodation industries saw carbon intensity reductions of 6% and 11%, respectively. Sustainable Aviation Fuel (SAF) is highlighted as key for aviation's decarbonization, with calls for increased adoption and support.

🌎 The WTTC launched its Net Zero Roadmap's second edition at COP29 in Baku, Azerbaijan, noting a 27% increase over three years in travel businesses setting climate targets—53% of 250 leading companies now have climate targets, up from 42% in 2021. One third are committed to Science-Based Targets initiative (SBTi) goals, with SBTi-aligned companies more than doubling since 2021. Travel & Tourism accounted for 6.5% of global emissions in 2023, down from 7.8% in 2019, and the aviation, cruise, and accommodation industries have seen a reduction in carbon intensity by 6% and 11% respectively since 2019. The updated roadmap emphasizes sector alignment, transparent reporting, and sustainable travel, with 75% of global travelers wanting more sustainable options.

🌍 The World Travel & Tourism Council (WTTC) launched its second Net Zero Roadmap at COP29 in Baku, Azerbaijan, noting a 27% increase over three years in Travel & Tourism businesses setting climate targets. Now, 53% of the analyzed 250 industry leaders have climate targets, up from 42% in 2021. One third of these companies are committed to Science-Based Targets initiative (SBTi) goals, doubling since 2021. The sector aims for net zero by 2050, with a 10.2% reduction in greenhouse gas intensity since 2019, including a 6% reduction in aviation's carbon intensity and an 11% reduction in the cruise and accommodation industries' carbon intensity from their peak in 2019. Sustainable Aviation Fuel (SAF) is highlighted as a key to aviation's decarbonisation.