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The business of climate change; opportunity or threat to Caribbean industry. Mr. Jason Alexander. This business of Climate Change : threats to & opportunities for the Caribbean Tourism Industry. Dr. Marlene Attzs and Mr. Jason Alexander Department of Economics, University of the West Indies,

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the business of climate change opportunity or threat to caribbean industry
The business of climate change; opportunity or threat to Caribbean industry

Implications of Climate Change to Tourism Business in the Caribbean

Mr. Jason Alexander

this business of climate change threats to opportunities for the caribbean tourism industry

This business of Climate Change: threats to & opportunities for the Caribbean Tourism Industry

Dr. Marlene Attzs and Mr. Jason Alexander

Department of Economics, University of the West Indies,

St. Augustine, Trinidad and Tobago

[email protected] ; [email protected]

content
CONTENT
  • Economic Significance of Regional Tourism Industry
  • Climate change and SIDS
    • Challenges to the sustainable development of tourism
  • Climate change and Tourism
    • International Tourism Response
    • Regional Tourism Response
  • Policy conclusions for Caribbean Tourism Sector

Implications of Climate Change to Tourism Business in the Caribbean

economic significance of regional tourism industry
Economic Significance of Regional Tourism Industry

Implications of Climate Change to Tourism Business in the Caribbean

profile of tourists cto reports
Profile of Tourists – CTO Reports

Implications of Climate Change to Tourism Business in the Caribbean

origin of tourists to caricom
Origin of Tourists to CARICOM

Implications of Climate Change to Tourism Business in the Caribbean

sustaining the caribbean tourism industry
Sustaining the Caribbean Tourism Industry

Sustainable Tourism Development:

‘Minimizes the negative impacts of tourism development on the natural environment and vice versa with a view to satisfying the goals of intragenerational equity and

intergenerational equity.’

culled from Munasinghe 1993.

Implications of Climate Change to Tourism Business in the Caribbean

sustaining the caribbean tourism industry8
Sustaining the Caribbean Tourism Industry

Two challenges to sustainable development of

the regional tourism industry:

  • Maintaining tourism industry within the region’s ecological and socio-cultural carrying capacity;
  • Anticipate and adapt to climate change impacts. (reduced emissions and energy consumption within the tourism industry)

Implications of Climate Change to Tourism Business in the Caribbean

potential physical impacts of climate change on caribbean tourism
Potential Physical Impacts of Climate Change on Caribbean Tourism
  • Warmer temperatures in Europe – Caribbean less attractive as a destination for European tourists.
  • Increase in intensity and frequency of windstorm-related events.
  • Coral bleaching – impact on the marine flora and fauna that constitute a significant part of the Caribbean tourism product.

Implications of Climate Change to Tourism Business in the Caribbean

potential physical impacts of climate change on caribbean tourism10
Potential Physical Impacts of Climate Change on Caribbean Tourism
  • Coastal Erosion
  • Water supply

Implications of Climate Change to Tourism Business in the Caribbean

potential economic impacts of cc on caribbean tourism industry
Potential Economic Impacts of CC on Caribbean Tourism Industry

Implications of Climate Change to Tourism Business in the Caribbean

potential economic impacts of cc on the caribbean tourism industry
Potential Economic Impacts of CC on the Caribbean Tourism Industry

Implications of Climate Change to Tourism Business in the Caribbean

insurance market
Insurance Market
  • Rising Premiums.
  • Reinsurance Companies cannot absorb rising cost.
  • Not building near beaches.

Implications of Climate Change to Tourism Business in the Caribbean

international tourism response reducing their carbon footprint
International Tourism Response : reducing their carbon footprint
  • Hotels
    • Hilton (Energy Efficient Lighting Retrofit Program)
    • InterContinental Thalasso Spa (natural Lighting and an eco-friendly air conditioning system)
  • Airline
    • Silver Jet (Mandatory Carbon Neutral Purchasing)
    • Virgin Atlantic (Partner with Boeing to reduce emissions)

Implications of Climate Change to Tourism Business in the Caribbean

caribbean tourism response impacts of climate change
Caribbean Tourism Response: impacts of climate change
  • Hotels
    • Greening (Caribbean leads the world in Green Globe 21 certified properties – 57.
    • Hotel Mocking Bird Hill (Port Antonio, Jamaica)
  • Airline
    • Caribbean Airlines

(Invested in wing tips, Carbon Neutral Company,

target to reduce CO2 emissions by 4000-5000

tons)

Implications of Climate Change to Tourism Business in the Caribbean

conclusions
Conclusions
  • Actors within Caribbean Tourism Industry cannot afford to ignore the physical and economic impacts of CC highlighted at onset.

(opportunity cost is too high)

  • We cannot overemphasize the benefits of mitigation, especially with Natural Disasters.

Implications of Climate Change to Tourism Business in the Caribbean

conclusions17
Conclusions
  • Actors need to view their adaptation and mitigation to Climate Change for what it is:

1. Energy Saving and

2. Cost Reducing (Hotel Mocking Bird

Hill)

Implications of Climate Change to Tourism Business in the Caribbean

conclusions18
Conclusions
  • Demand for Green Tourism by from a more educated Tourist.
  • Climate Change presents an opportunity for the Caribbean Tourism Industry to position itself as the GREENEST TOURIST DESTINATION IN THE WORLD.

Implications of Climate Change to Tourism Business in the Caribbean

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