UNWTO Shakes Up Financing for Tourism Climate Action with UN NetZero Facility
Geneva, Switzerland, November 15, 2023 – The World Tourism Organization (UNWTO), in joint collaboration with NOAH Regen, has taken a further step forward in rethinking tourism financing with the launch of the UN NetZero Facility and Re-PLANET Capital Fund Ecosystem. The launch took place on 14 November 2023 at the United Nations Headquarters, Geneva, marking a pivotal moment in the global campaign against climate change following the adoption of the Paris Agreement by 196 parties.
A new era of finance governance
The UN NetZero Facility and Re-PLANET Capital Fund Ecosystem aspire to foster a new era of global finance governance. This transformative initiative aims to unlock carbon value, incorporating concepts such as Blue Carbon and circular business models. The ecosystem is dedicated to catalysing positive change in the Blue and Green Economy sectors, transforming regeneration into not just an ecological necessity but also a profitable endeavour.