How does investing in the environment change the dynamics of coastal tourism?
Photo: Bagno Giulia 85. The first beach resort in the mediterranean to reduce its negative impact on the environment by investing in solar thermal panels, geothermal heat pumps, a waste water recycling system for showers, and easily accessible waste recycling points. Reported results include greater guest satisfaction and many positives for the environment and for business.
"... development that meets the needs of the present without compromising the ability of future generations to meet their own needs."
Sustainable development involves environmental, economic, and social aspects.
For a particular process to be sustainable, it should not cause irreversible change to the environment, should be economically viable, and should benefit society.
Source: Sustainability Definitions
Sustainable tourism development is a continuous process and consists of developing alternative forms of tourism as well as greening the existing tourism industry.'
What happens to the system when some of the profits from tourism are diverted into investing in the environment? This means that the goal of the system is no longer making maximum profit at any cost.
There are two effects - see the dashed green arrows in the diagram:
HINT: The system becomes sustainable if the quality of the environment is maintained at an acceptable level (however we want to define this), while the number of tourists can be prevented from peaking and then collapsing.
Hotel Investment Rate
Investment in the Environment
According to Daly, economic growth cannot be maintained forever because the planet and its resources have finite physical dimensions and capacity.
Source: Growth / No Growth Dilemma