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Tourism is witnessing an uninterrupted solid growth not recorded since the 1960s. At the same time global trade is expanding at the fastest rate in six years. Both these signs of a healthier economy may spell trouble for the environment. Around 80 per cent of the global trade volume is moved by ships and about half of all tourists arrive to their destination by plane. Between them, aviation and shipping are responsible for 3.5 per cent of greenhouse gas emissions globally. Emissions from the two industries are growing faster than those from road transport and, if current trends persist, they could double or even triple by 2050.
Read more in the October Monthly Briefing on the World Economic Situation and Prospects.
