. . SUSTAINABLE DEVELOPMENT . .

An article from UNESCO

Culture, in all of its wondrous expressions, inspires more than 1.2 billion tourists to pack a bag and cross international borders each year. It is an important means to promote inter-cultural dialogue, create employment opportunities, curb rural migration, and nurture a sense of pride among host communities. Yet unmanaged, it can also harm the very heritage cultural tourism relies on.

Photo copyright Ministry of Heritage and Culture of Oman

Recognizing that a sustainable, approach with buy-in from all partners, is crucial to cultural tourism, peacebuilding and heritage protection, on 12 December, the Muscat Declaration on Tourism and Culture: Fostering Sustainable Development was signed by representatives of UNESCO, the World Tourism Organization (UNWTO), delegations, private sector, local communities and NGOs.

This concluded the two-day World Conference on Tourism and Culture co-organized by UNESCO and the UNWTO and hosted by the Sultanate of Oman. Through the Declaration, some 30 Ministers and Vice Ministers of Tourism and Culture, and 800 participants from 70 countries, reaffirmed their commitment to strengthen the synergies between tourism and culture, and to advance the contribution of cultural tourism to the 2030 Agenda on Sustainable Development.

“Cultural tourism is growing, in popularity, in importance and in diversity embracing innovation and change. Yet, with growth comes increased responsibility, responsibility to protect our cultural and natural assets, the very foundation of our societies and our civilizations” said UNWTO Secretary-General, Taleb Rifai.

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(Click here for the french version of this article.)

How can tourism promote a culture of peace?

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Francesco Bandarin, UNESCO Assistant Director-General for Culture, emphasized that we need to create a positive dynamic between culture and tourism “that promotes sustainability while benefiting local communities. This dynamic must contribute to safe and sustainable cities, decent work, reduced inequalities, the environment, promoting gender equality and peaceful and inclusive societies.”

Ministers from Cambodia, Libya, Somalia, Iraq and Vietnam discussed the role of cultural tourism as a factor of peace and prosperity, and shared views on the capacity of tourism to support the recovery of their countries.

The Declaration calls for cultural tourism policies that not only empower local communities, but also employ new, innovative tourism models that advance sustainable development, host-guest interaction, and cultural exchange. It promotes integrating sustainable cultural tourism and the protection of heritage in national, regional and international security frameworks. The Declaration also references UNESCO’s 1972 Convention Concerning the Protection of the World Cultural and Natural Heritage and 2005 Convention for the Protection and Promotion of the Diversity of Cultural Expressions in relation to these objectives.

Ahmed Bin Nasser Al Mahrizi, Minister of Tourism of the Sultanate of Oman, highlighted the importance of exchanging experiences and ideas to achieving sustainable tourism development. Participants shared best practices on issues such as community engagement, visitors’ management, and use of resources from tourism in conservation in such diverse locations as the Ngorongoro Conservation Area in Tanzania, the Ras Al Khaimah in the United Arab Emirates or the Palace of Versailles in France. Entrepreneurship, SME’s and the protection of traditional knowledge were viewed as compatible with developing sustainable tourism, with examples from India in the hotel sector and in other regions developing local food initiatives. Other examples included World Bank projects revitalizing cultural heritage for sustainable tourism development, and Seabourn Cruise Line’s partnership with UNESCO to raise awareness of World Heritage with their guests.

Following the first UNWTO/UNESCO World Conference on Tourism and Culture in Cambodia in 2015, this second Conference was part of the official events of the 2017 International Year of Sustainable Tourism, so declared by the United Nations. Istanbul (Turkey) and Kyoto (Japan) will host the 2018 and 2019, editions respectively.

. . SUSTAINABLE DEVELOPMENT . .

A press release from The World Bank (bold face added by CPNN)

At the One Planet Summit [Paris, 12 December, 2017] convened by President Emmanuel Macron of France, United Nations Secretary General Antonio Guterres, and World Bank Group President Jim Yong Kim, the World Bank Group made a number of new announcements in line with its ongoing support to developing countries for the effective implementation of the Paris Agreement’s goals.

1. WBG and upstream oil and gas

As a global multilateral development institution, the World Bank Group is continuing to transform its own operations in recognition of a rapidly changing world.  To align its support to countries to meet their Paris goals:

The World Bank Group will no longer finance upstream oil and gas, after 2019. 
(In exceptional circumstances, consideration will be given to financing upstream gas in the poorest countries where there is a clear benefit in terms of energy access for the poor and the project fits within the countries’ Paris Agreement commitments.)

2. Ramping up WBG climate ambition through its Climate Change Action Plan

The WBG is on track to meet its target of 28% of its lending going to climate action by 2020 and to meeting the goals of its Climate Change Action Plan – developed following the Paris Agreement. 

In line with countries submitting updated and potentially more ambitious Nationally Determined Contributions (NDCs), the World Bank Group will present a stock-take of its Climate Change Action Plan and announce new commitments and targets beyond 2020 at COP24 in Poland in 2018.

3. Transparency and disclosure to drive our own decarbonization

The World Bank Group is working hard to ensure that climate accountability is mainstreamed throughout its operations. In addition to measures already in place:

I) Starting next year, the World Bank Group will report greenhouse gas emissions from the investment projects it finances in key emissions-producing sectors, such as energy. The results will be published in late 2018, and annually thereafter.

II) The World Bank will be applying a shadow price on carbon in the economic analysis of all IBRD/IDA projects in key high-emitting sectors where design has begun since July 2017.  IFC started using carbon pricing in key sectors in January 2017 and will mainstream the same starting January 2018″

4. Mobilizing Finance for transformation in mitigation and climate resilience

To accelerate the mobilization of finance:

I) IFC will invest up to $325 million in the Green Cornerstone Bond Fund, a partnership with Amundi, to create the largest ever green-bond fund dedicated to emerging markets. This is a $2 billion initiative aiming to deepen local capital markets, and expand and unlock private funding for climate-related projects.  The fund is already subscribed at over $1 billion.

II) Last week, the World Bank and the Government of Egypt signed a $1.15 billion development policy loan aimed at reducing fossil fuel subsidies and creating the environment for low-carbon energy development.

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Divestment: is it an effective tool to promote sustainable development?

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III) The World Bank Group will continue to support investments highlighted at the One Planet Summit which demonstrate opportunities to crowd in different kinds of finance in transformational areas. This includes accelerating energy efficiency in India; scaling up solar energy in Ethiopia, Pakistan and Senegal among other countries; establishing a West Africa Coastal Areas investment platform to build resilience for coastlines of West African countries (partnering with WAEMU, NDF, GEF, GFDRR, AFD, AfDB); and introducing the City Resilience Platform (partnering with the Global Covenant of Mayors) so that up to 500 cities will have access to finance for resilience to climate change.

IV) The World Bank Group will continue to work with the United Nations and other partners on the implementation of the Invest4Climate platform, which will systematically crowd in multiple sources of finance, with a major event showcasing investment opportunities planned for May 2018 at the Innovate4Climate conference in Frankfurt.

V) IFC will work to set a single unifying global standard on green bonds, similar to the Equator Principles, as a means to facilitate the development of the green bond market to crowd in private finance into climate business. And to stimulate the greening of the financial sector, the World Bank Group will partner with the Sustainable Banking Network (SBN) to provide technical support to develop and implement national Roadmaps for Sustainable Finance in six countries. These roadmaps are based on a framework developed jointly with UN Environment.

VI)   AXA Managed Co-Lending Portfolio Program (MCPP) will allocate a substantial portion of projects to climate-smart infrastructure investments.  IFC and Finland launched the Finland-IFC Climate Change Program, a €114 million returnable capital contribution to spur private sector financing for climate-change solutions,targeting low-income countries focused on investments in renewable energy, energy efficiency, green buildings, climate-smart agriculture, and forestry.

5. Working in partnership

To further accelerate climate action, the World Bank Group will be working with various partners to deepen climate action:

I) For the first time, all the Multilateral Development Banks and all International Development Finance Club Members issued a joint statement aligning their finance with the Paris Agreement and identifying areas where they will work together to advance climate-smart development.

II) Canada and the World Bank will work together to accelerate the energy transition in developing countries and, together with the International Trade Union Confederation, will provide analysis to support efforts towards a just transition away from coal.

III) Working with France’s AFD and the Kingdom of Morocco, the World Bank will work to accelerate adaptation in agriculture for Africa.

IV) The World Bank will support a unique partnership between Caribbean leaders and people, multilateral organizations, and local and international private sector to define a vision for the world’s first climate-smart zone. The key priority areas for action include renewable energy, resilient infrastructure, innovative financing, and capacity building.

V) The World Bank Group will support, through the Carbon Pricing Leadership Coalition, the proposed Carbon Markets of the Americas initiative.

VI) Together with Ethiopia, Fiji, Germany, the United Kingdom and other government, NGO and private sector partners so far, the World Bank will support the new InsuResilience Global Partnership with the goal  of significantly scaling up climate risk finance and insurance solutions in developing countries, with a focus on poor and vulnerable people. It will stimulate the creation of effective climate risk insurance markets and the smart use of insurance-related schemes to protect lives and livelihoods from the impacts of disasters. More than $125million has been committed to the initiative so far. It is built on strong G20 and V20 support and has 40 members so far.

VII) The Principles on Blended Concessional Finance, first published in 2013, have been recently enhanced with more detailed guidelines developed by a working group (chaired by IFC) representing Development Finance Initiatives (DFIs) that annually invest more than $35 billion a year in private sector solutions. These principles include promoting commercially sustainable solutions so that the use of scarce public concessional finance is minimized; and state the need for high social, environmental, and governance standards.