Calculating tourism's carbon footprint: measuring the impact of investments

Our results show that the inclusion of tourism investment in the carbon footprint calculations increases the industry's responsibility by 34% due to the importance of civil infrastructure and construction related to hotels and catering and imported electrical and electronic machinery and transport vehicles. More importantly, we find that the weak improvement in the eco-efficiency of tourism investments (virtual carbon by million euros of tourism services) increases the pressure on the environment of the expansive tourism sector and on claims for mitigation targets that include capital investments.