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The Importance of Investing in Carbon Capture Technologies

The Earth’s natural carbon sinks: Understanding their vital role in climate change The Earth has a remarkable ability to naturally sequester carbon, through a variety of processes that occur in ecosystems including forests, grasslands, wetlands, soils, and oceans. These natural processes, also known as “sinks,” play a crucial role in removing carbon dioxide, a major greenhouse gas, from the atmosphere and storing it in the Earth’s ecosystems. Although, recent studies suggest significant carbon sinks such as the Amazonia, may no longer be capturing as much carbon as they release. (Denning, 2020) The Impacts of Climate Change on Natural Carbon Sequestration Processes: Disruptions and Consequences Rising temperatures, changing precipitation patterns, and altered ecosystems due to climate change have disrupted natural carbon sequestration processes. For example, climate-induced disturbances such as wildfires, droughts, and floods can disrupt ecosystems, leading to changes in vegetation growth, carbon storage in soils, and oceanic carbon uptake. These combined impacts of climate change and human activities are reducing the Earth’s ability to naturally sequester carbon, contributing to the increase of atmospheric carbon dioxide levels and exacerbating climate change. Exploring the Potential and Limitations of Forest Regeneration as a Climate Mitigation Strategy To counteract the negative effects associated with increasing atmospheric carbon dioxide levels, climate certification and advisory companies most commonly employ the method of forest regeneration. This method is preferred due to the limited amount of required monitoring and maintenance, the added benefits to biodiversity and soil conservation, and its cost-effectiveness. Scientists estimate forest regeneration has the potential to store an equivalent of 25% of the atmospheric carbon pool (Bastin et al., 2019). However, forest regeneration is a time-consuming process and requires large areas of land, often resulting in land-use conflicts. Furthermore, considering the UN’s ambitious goal to reach carbon neutrality by 2050, it is unreasonable to hypothesize all the carbon mitigation will occur through forest regeneration. Carbon Capture and Storage (CCS) and Bioenergy with Carbon Capture and Storage (BECCS): Potential, Limitations, and the Need for Investment Decarbonization can also take place through Carbon Capture and Storage (CCS) and Bioenergy with Carbon Capture and Storage (BECCS). These emerging technologies have the potential to help mitigate the relatively large carbon footprint of aviation, maritime, and heavy industries that are considered hard to abate, as they have limited low-carbon alternatives currently available. For example, estimates suggest that CCS has the potential to capture and store up to 45% of the CO2 emissions from industrial processes. Even in the most conservative scenarios, these technologies are expected to scale up in demand enough to remove at least 2 gigatons per annum (GTPA) of carbon dioxide by 2050. However, we are still at the very beginning of development, with CCS and BECCS requiring large amounts of energy to operate and thus, having a limited carbon capture efficiency. Analyst estimates suggest a 120-fold increase in carbon uptake needs to occur for these technologies to be viable to achieve climate goals by 2050 (McKinsey, 2022) Therefore, private investment in these technologies is essential to achieve global decarbonization as it is only through advancements in material science, manufacturing, and engineering optimizations that we achieve technological improvements. Join the Climate Champions: Partner with Green Initiative for Sustainable Solutions At Green Initiative, we strive to help our clients stay up to date with the latest developments in climate action and provide our clients with the necessary tools and knowledge to set a plan to achieve decarbonization, reduce their carbon footprint, and contribute to a sustainable future. Contact us to learn more and become a part of our climate champions! This article was writen by Marc Tristant, from the Green Inititative team. References: Bastin, J., Finegold, Y., Garcia, C., Mollicone, D., Rezende, M., Routh, D., Zohner, C. M., & Crowther, T. W. (2019). The global tree restoration potential. Science, 365(6448), 76–79. https://doi.org/10.1126/science.aax0848 Denning, A. S. (2021). Southeast Amazonia is no longer a carbon sink. Nature, 595(7867), 354–355. https://doi.org/10.1038/d41586-021-01871-6 Scaling the CCUS industry to achieve net-zero emissions. (2022, October 28). McKinsey & Company. https://www.mckinsey.com/industries/oil-and-gas/our-insights/scaling-the-ccus-industry-to-achieve-net-zero-emissions

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From Fast Fashion to Sustainable Style: The Urgent Need to Decarbonize the Fashion Industry

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Fashion Industry Valued at Over $2.5 Trillion, but will it remain competitive? The global fashion industry was valued at over $2.5 trillion in 2020 and is projected to grow to $3.3 trillion by 2025. However, the industry’s rapid growth has come at a cost to the environment. According to data, the fashion industry accounts for 10% of global carbon emissions and is the second-largest consumer of water worldwide. Climate Change’s Economic Toll: Fashion Industry Loses Over $4 Billion in 2019 The economic cost of climate change is significant and affects many industries, including fashion. Extreme weather events, such as floods and droughts, disrupt global supply chains, affecting the production and transportation of goods. In 2019, the fashion industry suffered losses of over $4 billion due to the impact of climate change on cotton production. Climate Change Sparks Rise in Sustainable Fashion Market, Valued at $9.81 Billion by 2025 Rising temperatures can also significantly impact fashion customers’ behavior, which in turn can affect the fashion industry’s bottom line. According to a survey by McKinsey & Company, 66% of global consumers are willing to pay more for sustainable products, including clothing. This shift towards sustainability is also reflected in the growth of the global sustainable fashion market, which is projected to reach $9.81 billion by 2025. Transforming the Fashion Industry: Climate Action as a Key Business Strategy to Reduce Environmental Impact Although the fashion industry’s environmental impact is significant, from the production of synthetic fibers to the use of toxic chemicals in textile manufacturing, not to mention that the industry is also known for its high-water consumption, with an estimated 2,700 liters of water required to produce one cotton shirt, introducing climate action at the core of the industry business model, would reduce its carbon footprint, water consumption, and waste generation. Climate Inaction Could Cost Fashion Industry’s Financial and Reputational Losses One compelling argument for the fashion industry to engage in climate action is that failure could lead to significant financial and reputational risks. As climate change becomes an increasingly pressing issue for consumers, investors, and regulators, fashion companies that do not take action to reduce their environmental impact may face negative consequences such as consumer boycotts, regulatory penalties, and decreased investor confidence. Leading Fashion Brands Take Action to Mitigate Environmental Impact and Reap Long-Term Benefits In contrast, companies that take proactive steps to mitigate their environmental impact and demonstrate a commitment to sustainability are more likely to attract consumers and investors who value responsible business practices, potentially leading to long-term financial and reputational benefits.Here are a few recommendations and examples of how lead fashion brands are progressively engaging in serious decarbonization: Overall, strong market arguments exist for the fashion industry to shift towards low carbon emissions and sustainable fashion. By doing so, fashion brands can reduce their environmental impact and appeal to consumers, mitigate risks, improve their reputation, and realize cost savings. Green Initiative Empowers the Fashion Industry to Embrace Sustainability, Mitigate Risks, and Save Costs At Green Initiative, we are working with the Fashion and Textile industry to support them in adopting climate-action best practices that are helping them adapt to intense climate regulation and a net-zero emissions economy. Click here to contact our team of experts and find out how we can help empower your fashion business.

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Why should the Wine Industry in Latin America Integrate Climate Action at the core of their business models?

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The wine industry is one of Latin America’s most important export sectors, especially for countries like Argentina, Chile, and Uruguay. Wine production in Latin America has grown rapidly over the past few decades, accounting for a significant share of global wine production. For example, in 2019, Argentina was the fifth largest wine-producing country in the world, with a production of over 14 million hectoliters, while Chile was the ninth largest, with a production of over 10 million hectoliters (OIV, 2020). On the other hand, Uruguay is a small but significant player in the premium wine market, focusing on high-quality wines (Uruguay XXI, 2021). The Economic Impact of the Wine Industry in Latin America: Job Creation, Tourism, and Export Growth According to a report by the Inter-American Development Bank (IDB), the wine industry in Latin America is an important driver of economic growth, generating jobs and income for rural communities and contributing to the development of the local economy (IDB, 2019). In Argentina, for example, the wine industry generates over 20,000 jobs and contributes to the country’s tourism industry (Wines of Argentina, 2021). In Chile, the wine industry is a significant source of exports, accounting for over 2% of the country’s total exports (Chilean Wine, 2021). Similarly, in Uruguay, the wine industry contributes to the country’s exports and tourism industry, focusing on high-end wines (Uruguay XXI, 2021). Challenges and Opportunities: Why Integrating Climate Action is Essential for the Future of the Wine Industry in Latin America The wine industry in Latin America is facing significant challenges due to climate change. As a result, grape yields, quality, and the industry’s overall sustainability are being affected. In order to address these challenges, it is essential for the wine industry in Latin America to integrate climate action and promote sustainability. In addition to the environmental and social benefits, integrating climate action in the wine industry in Latin America can have economic benefits. By integrating climate action at the core of their business models, Latin American wine producers can mitigate climate risk and benefit from opportunities to reduce costs, increase efficiency, promote product innovation, and tap into emerging net-zero emissions value chains. EU’s Carbon Border Adjustment Mechanism and Its Implications for the Wine Industry in Latin America The European Union has introduced the Carbon Border Adjustment Mechanism (CBAM) to ensure that imported goods meet the same environmental standards as those produced within the EU. The CBAM is expected to significantly impact the wine industry in Latin America, as it will require exporters from Latin America to pay a carbon price based on the carbon footprint of the exported product. This mechanism will encourage exporters to reduce their carbon footprint and ensure that companies that take proactive measures to reduce their emissions and promote sustainability are more likely to succeed in the European market. Green Initiative: Partnering with Latin American Wine Producers to Implement Climate-Smart Business Strategies Latin American wine producers seeking to integrate climate action into their business models can benefit from expert guidance and support from Green Initiative. Green Initiative’s advisory services specialize in helping companies develop and implement climate action strategies that reduce their carbon footprint, promote climate-smart practices, and connect to emerging net-zero emissions value chains. Through a comprehensive approach that includes science-based carbon footprint assessments, strategy development, and implementation support, Green Initiative can help Latin American wine producers navigate the complex landscape of climate action and take concrete steps to achieve their decarbonization goals. Are you a wine producer in Latin America looking to reduce your carbon footprint and promote climate-smart practices? Contact Green Initiative today and benefit from our expert advisory services. Our team of experienced climate advisors can help you develop and implement customized climate action strategies that meet your business needs and align with emerging net-zero emissions value chains. Take the first step towards a sustainable future – contact us now to learn more!

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Why Logistics Companies Should Provide Climate Smart Services and Gain Competitive Advantages

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The logistics industry is a vital component of the global economy, responsible for transporting goods and materials worldwide. However, it is also a significant contributor to greenhouse gas emissions and climate change. According to the International Energy Agency (IEA), the transportation sector accounted for 24% of global energy-related CO2 emissions in 2019. As a result, logistics companies are increasingly looking for ways to reduce their environmental impact and promote sustainability. Going Green: Climate-Smart Services in Logistics for a Sustainable Future Climate-smart services are transportation and logistics solutions designed to minimize environmental impact. These services can take many forms, including carbon-neutral shipping, electric or hybrid vehicles, and efficient routing and packaging.Logistics companies can lower their operational costs and improve their bottom line by reducing energy consumption and greenhouse gas emissions. In addition, by promoting sustainable practices throughout the supply chain, logistics companies can help reduce the industry’s overall carbon footprint and contribute to global efforts to combat climate change. Urgent Need for Logistics Companies to Prioritize Climate Action for Sustainable Supply Chains Logistics companies must adopt climate action at the core of their business model to effectively provide climate-smart services. These include investing in fuel-efficient vehicles, optimizing routes, reducing packaging waste, and collaborating with suppliers and customers to promote sustainable practices throughout the supply chain. Green Initiative: Empowering Logistics Companies to Achieve Climate Goals with Advisory and Certification Services Green Initiative’s climate advisory and certification services can help logistics companies achieve these goals. For example, Green Initiative can conduct a carbon footprint assessment to identify areas for improvement, guide high-impact climate action, and offer carbon offsetting programs to help companies mitigate their carbon footprint. Governments and international organizations also implement policies and regulations to promote climate-smart logistics. For example, the International Maritime Organization (IMO) has set targets to reduce carbon emissions from the shipping sector by at least 50% by 2050. The European Union is promoting low-emission vehicles and alternative fuels in transport through initiatives like the Green Deal and the Sustainable and Smart Mobility Strategy. In summary, sustainable logistics is crucial to addressing climate change. Companies and organizations can help build more sustainable logistics systems that benefit both the environment and global trade by employing various strategies to reduce emissions, optimize supply chains, and leverage digital technologies. By partnering with Green Initiative, logistics companies can take a proactive approach to climate action, reduce their environmental impact, and help address the urgent challenge of climate change. Click here to contact us.

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From Commitment to Action: BioAmayu Becomes the World’s First Certified Climate-Positive Fruit Juice

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New Business Models Emerge to Combat Deforestation in Peru as AJE Group Introduces Eco-Friendly BioAmayu Fruit Juice Peru lost over 2,000 hectares of forest in 2020, the largest amount in two decades, and deforestation rates have worsened over time. In this context, private-sector-led initiatives are striving to create new business models that have a positive impact on climate and biodiversity, aligning environmental protection with economic competitiveness. As part of this effort, AJE Group has developed an Amazon-based fruit juice, BioAmayu, that aims to provide a uniquely eco-friendly consumer experience. Reflecting Increased Corporate Focus on Environmentalism BioAmayu was launched in 2018, before the COVID-19 pandemic offered a stark reminder of the need to reconcile mankind’s relationship with the natural world. Moreover, the protection of forests and restoration of degraded ecosystems is vital to mitigate global warming and safeguard the planet’s health. In recent years, AJE Group and other firms have redoubled their efforts to integrate environmentalism into their corporate culture and business models. In April 2022, AJE Group began the process of certifying BioAmayu as the world’s first climate-positive fruit juice. A Model for Sustainability and Community Empowerment in the Amazon Rainforest BioAmayu’s production methods support the conservation and sustainable use of 112,000 hectares of forest in the Peruvian Amazon, which sequester an estimated 400,000 tons of atmospheric C02. Fruit harvesting is conducted sustainably by Amazonian communities, which sell their produce directly to AJE Group, creating strong financial incentives to protect fruit trees, respect the cycles of nature, and manage forest resources responsibly. As a result, BioAmayu’s production contributes to healthier ecosystems with a more robust capacity to provide ecosystem services, including carbon capture. To date, more than 700,000 kilos of fruit have been purchased from Amazonian communities, benefitting more than 200 families in 24 Amazonian communities in Pacaya Samiria National Reserve, Manu National Park, National Reserve Pucacuro, and the Allpahuayo Mishana National Reserve. As a member of the United Nations “Race to Zero” initiative since December 2021, AJE Group implements its corporate commitment to climate action consistently and transparently. Jorge López-Dóriga, Global Director of Communications and Sustainability for AJE Group, has emphasized the firm’s commitment to driving transformative change in the beverage industry, stating – AJE Group Achieves Industry Leadership in Environmental Sustainability BioAmayu received its climate-positive certification on 7th December 2022, the certificate was provided by Green Initiative, marking a key milestone in AJE Group’s efforts to reduce its carbon footprint and position itself as an industry leader in environmental sustainability. Green Initiative Recognizes AJE Group as Global Champion for Climate Action and Biodiversity Protection, Encourages Acceleration of Net-Zero Emissions by 2050 At Green Initiative, we believe that AJE Group can become a global champion for climate action and the protection of biodiversity by continuing to integrating these values into its business model, as well as influencing its global value chains, in an attempt to accelerate their transition to net-zero emissions by 2050.

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First Condo in The World to Be Climate Positive Certified

First Climate Positive Certified Condo in The World

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Tivoli Ecoresidences da Bahia, Brazil: the first condominium in the world to be Climate Positive certified. The Concept Since launch in 2012, Tivoli Ecoresidence provides visitors with an unique experience of living in harmony with nature. Another key point is that this vision is now more relevant than ever. As we know, the COVID-19 Pandemy showed that it is necessary to reconcile the relationship between man and nature. With this in mind, we must integrate culture and business models of all economic sectors. By all means, including tourism. Climate Positive Certification Tivoli Ecoresidences began the necessary steps to achieve the Climate Positive Certification in March 2022. As the need to set a new and more sustainable path became imminent. Promoted by the Green Initiative, this climate certification is explicitly an international recognition. The company is a leading certification organization. Equally important, an active partner of the United Nations and World Tourism Organization for deploying climate action awareness and standards worldwide. The great news is that the certification as Climate Positive Condominium is the first of its kind. Many will follow the same steps and take action. At Tivoli, 42 Ecoresidences operate in an integrated and harmonious way within an area of 15 hectares of Atlantic Forest. Only 10% of the total condo area has built space. This allows the primary forest to maintain the quality of its ecosystem services, including capturing carbon from the atmosphere and biodiversity. carbon emissions and footprint As part of the Climate Positive certification process, Tivoli Ecoresidences is conducting an in-depth analysis to track most compelling evidence on its primary sources of carbon emissions. Such data is important to realize and will help managers identify actions to allow progressive reduction of their carbon footprint. Taking Action As a result, Tivoli Ecoresidence is incorporating climate management into its business model and condo operation by taking this actions. Furthermore, they are developing new capabilities and adding a differentiated value to the experience of tourists and visitors of the northern coast of Bahia, in Brazil. We believe that the answer to avoiding global warming is in the shared responsibility of everyone. From Tivoli Ecoresidence, we are very proud to connect and contribute to the achievements of the United Nations Sustainable Development Goals and the World Tourism Organization to promote a climate-smart tourist activity. Odair Conceição Click here to see the Tivoli Ecoresidence in Google Earth Engage in Climate Action Commit to a new level of leadership and competitiveness by becoming a Climate Positive, Carbon Neutral and Carbon Measured certified. Click here to learn more about Green Initiative Certifications.

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Glasgow Declaration Capacity Building Working Group and Green Initiative 2022

Green Initiative partners with UNWTO

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Green Initiative is partnering with the UNWTO, actively supporting the Glasgow Declaration Capacity Building Working Group Green Initiative, a leading sustainable certification company, is proud to announce that it has partnered with the UNWTO and the Travel Foundation to support the Glasgow Declaration Capacity Building Working Group. The Glasgow Declaration serves as a catalyst to accelerate climate action in tourism. It secures strong actions, commitment and support to Global Goals. Emissions must halve over the next decade The tourism sector is one of the largest industries in the world and is a flourishing industry. Yet, with many environmental challenges in climate action. It must reach Net Zero Emissions as soon as possible before 2050, in order to support global goals. Launched at COP26 in November 2021, the Declaration has just over 6 months of existence. Over 500 travel and tourism stakeholders have already joined. The Declaration has two Coordinating Partners, UNWTO and the Travel Foundation. All within the framework of the One Planet Sustainable Tourism Programme. The primary objective of the Working Group is to support the Glasgow Declaration’s goal of building travel and tourism’s basic knowledge, capacity, and the enabling environment for success in climate action. Expectations for 2022 The Capacity Building Working Group will focus on developing tools that provide essential guidance for all signatory typologies. The group will provide input and feedback on different technical products. It will support companies and destinations into the introduction of climate action. All of these, set as a strategic aspect of tourism companies business models. Engage Now Commit to a new level of leadership and competitiveness in the tourism industry by introducing climate action at the core of your business model, and become Climate Positive, Carbon Neutral and /or Carbon Measured certified. Click here to learn more about Green Initiative Certifications and Climate Action Solutions for Tourism.

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Internet, ecology and environmental sustainability

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What Global Internet Users Need to Know About Eco-Sustainability The concept of eco-sustainability is one that most people can get behind. It’s about living in harmony with nature, and ensuring we don’t use more than what the earth provides for us as humans on her surface! Eco-sustainability is a must if you want to survive. The earth provides us with everything from food and water, to the air we breathe – but it won’t be there forever! But in return, humans continue their pillaging of nature without replenishing them. One day will come, and all these resources will go completely exploited and will have reached even greater depths than before. This means life on this planet could become impossible for YOU or your children (or grandchildren). In addition to that, there are Eco sensitizers that help protect what little bit remains. With that, no matter how many people come along afterward, they’ll still find some place safe. How does the internet affect eco-sustainability, and what can we do about it? The internet has had a profound impact on eco-sustainability. Pushed by the growth of online shopping and the increase in the amount of data being stored and shared online. As a result, the demand for energy to power the internet is growing exponentially. Thus, internet usage now consumes more than 10% of all global electricity, and if the current trends continue, it could use up to 20% by 2025. This increased demand for energy has a direct impact on climate change, as well as other environmental issues such as air pollution and water shortages. According to World Population Review’s research, here are the ten countries with the highest number of Internet users: The things we can do to reduce the internet’s impact on the environment ● Choose sustainable energy sources for your internet usage, such as using wind or solar power instead of coal-generated electricity. ● When shopping online, choose eco-friendly shipping options and retailers whenever possible. This includes green packaging alternatives that are available in some sellers. ● Make an effort to reduce your digital footprint by unsubscribing from unwanted emails. It also can be possibly done using ad blockers and utilizing social media responsibly. ● Another way is to use energy-efficient devices, such as laptops over desktop computers, and energy-saving settings on our devices. Be mindful of the energy consumption of your devices. When not in use, unplug them or power them down completely to conserve electricity. ● Reducing our use of streaming services, downloading files, and compressing videos or images before sending them are all easy ways to help reduce our internet footprint. ● Video streaming is a huge part of our internet usage, and it’s important to remember that video isn’t just limited to Netflix. Try cutting back on how much time you spend watching videos online. But if your favorite shows require higher resolution, then enjoy them in lower quality instead! ● Join the movement to make internet browsing more sustainable. ● It is also important to teach your kids about positive and healthy screentime. Finally, when you see companies or individuals engaging in practices that are harmful to the environment, speak up. We all have responsibilities as citizens of this world. Future generations depend on us for protection from pollution so they can enjoy clean water sources too! Take Away It’s easy to reduce your environmental footprint when using the internet. Some tips include choosing more sustainable energy sources, shopping consciously for eco-friendly products, and reducing our digital footprints by compressing videos before sending them across platforms like Facebook or Instagram! You can also get devices that are both efficient with resources and environmentally friendly. By participating in all these things, you will also take apart the reduction of the damage that humans do to nature while scrolling through social media feeds, watching movies, and doing some downloads. Author’s Bio Ronie Salazar is from Veed. He’s an energetic content marketer with extensive experience in the digital realm. His curiosity and enthusiasm resulted in an ever-growing portfolio that encompasses anything from video editing jobs to distributing his creative work to top-notch websites. Do you have a business? Go Green. Engage! Learn about how to engage your Business into a New Level of Leadership and Competitiveness with Green Initiative. Become Climate Positive, Climate Neutral and Climate Measured certified here.

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International Travel Award Green Initiative

Green Initiative wins international travel award

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and the winner is GREEN INITIATIVE! For its holistic approach to decarbonizing tourism in Machu Picchu, becoming the First Carbon Neutral Tourism Destination Worldwide. On April 16th, the day in São Paulo was marked by an important event. It was the handing out of the Responsible Tourism Awards, created to recognize advances in the Travel Market. Thus, paving the way for replicating successful cases and the joint construction of a more sustainable world. The award Created eight years ago to validate good practices within the tourism industry. 18 professionals from different areas across the entire continent judged the finalists in six categories. Three criteria where considered: originality, impact, and potential for replication within the tourism industry. The work led by Green Initiative and local partners such as the municipality of Machu Picchu, InkaTerra Hotels Group, and AJE Group has introduced climate mitigation action at the core of the tourism destination management of Machu Picchu. Green Initiative Approach For Climate Action Following the Green Initiative approach for climate action in the tourism industry, partners worked together on 3 levels of influence: Judges considered this initiative a global reference ¨to be watched¨ due to its pragmatic multi-sectorial approach. As well as the scaling up possibilities for other destinations worldwide. Also, judges believe Green Initiative has led to a ¨holistic solution¨. Since it brings all stakeholders to the same table and shares responsibility for a ¨shift of course¨. Hence, that can benefit local communities, businesses, and the planet. This international Award is a milestone for all tourism destinations worldwide. It is evident that tourism can lead the way into a climate-neutral transformation. And as a consequence, it is fundamental for the long-term prosperity of humanity. Lastly, learn how to engage your Travel Business into a New Level of Leadership and Competitiveness by becoming Climate Positive, Climate Neutral and Climate Measured certified here.

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