SUSTAINABLE DEVELOPMENT: CHALLENGES, THREATS AND OPPORTUNITIES FOR THE TOURISM INDUSTRY
Sangadzhi Tarbaev, Chairman of the Committee on Tourism and Tourism Infrastructure Development of the State Duma of the Federal Assembly of the Russian Federation
Olga Zakharova, Director of Tourism, Environment and Climate Initiatives, Agency for Strategic Initiatives to Promote New Projects
In order to tackle climate change, the European Union will start introducing a carbon border tax in 2023 on imported products that emit high amounts of CO₂ equivalent greenhouse gases. This threatens Russia with significant losses of federal budget revenues and reduced competitiveness of Russian products in the international arena, primarily metals, pipes, fertilizers, cement, and electricity. In order to solve this problem in 2021, the Russian Government started a major effort to adapt the Russian economy to the energy transition. In October, the country adopts Russia's Low-Carbon Development Strategy until 2050 and begins a comprehensive effort to reshape the entire economy and ESG-transformation. The tourism and hospitality industry will not be able to stay away. The challenges, risks and opportunities for the tourism industry arising from the global transformation of the economy and all spheres of human activity will be presented for discussion.
• Sustainability: a fashion trend or an essential factor for the competitiveness of the tourism industry?
• Legislative regulation of sustainable tourism development. Has the future arrived yet?
• How to increase economic efficiency of business through ESG strategy and receive state support?
• Commitment to the principles of sustainable development as a resource for developing the tourism brand and strengthening tourist loyalty.