• Home
  • About Us
  • Research
  • Links
  • Contact

Guilt Trip: Travelling in the 21st Century

Wednesday, October 31st, 2007

Leo Hickman, a Guardian columnist, published an interesting book called “Final Call – In search of the True Cost of our Holidays”. Its reviewed here and I’ve made a few comments on it.

Eco tourism is all the rage these days and rightly so. We should always consider the impact of where we go and what we do. But as consumers of goods, services and exotic holidays we expect the price to reflect the cost of what we are paying for. If it doesn’t is that our fault or problem?

Well that’s where the consideration or “ethics” of your decision comes into play. I’m in favour of travel as it expands the mind. body and soul. It allows us to gain a different and newer perspective on the world. But do we dare look beneath the surface as Leo has done?

I’m reminded of the excellent Stephen Frears film “Dirty Pretty Things” about the  immigrant workers who keep London going at night whilst people sleep easy. Crap working conditions for service staff are nothing new so why should it be any different on holiday?

What should happen is that people get paid proper wages and work in decent conditions. Then it’s up to them whether to take a job or not. Madeleine Bunting deals with this issue quite well in her book “Willing Slaves” which also looks at the guest worker phenomenon.

My interest is more in the environmental sphere. Simply put we should be paying the Trucost of our activities. How we get that is a bit trickier but doable.  I’ve looked at this before and having been to the UK recently its clear that this issue is center stage.

We must move quickly to connect external environmental costs with the pricing mechanism. Once a cost has been calculated (carbon, nitrogen runoff, water) then that cost gets added in at the point of extraction, abstraction or manufacture. The EC (external cost) flows back to an Environmental Contingency Fund where it sits (in sovereign bonds) until it can be put towards paying for the exact cost that was incurred, whether that is planting some forests to sequester carbon, cleaning a river or fencing land or implementing new water management processes.

As much as we would like it to be, it isn’t (as yet) an exact science. But it will alert consumers to the true cost of the good and allow them to make more accurate purchasing decisions.

Then maybe we can actually enjoy our holiday instead of worrying about how much damage we’re doing to “the planet”.

Tags: carbon emmissions, climate change, eco tourism, ecosystem, environment, externalities, food miles, fossil fuels, global warming, greenhouse gas emissions, travel | No Comments »

  •  

    I’m a Londoner who moved to Christchurch, New Zealand in 2002. After studying economics and finance at Manchester University and a couple of years of backpacking I ended up working in the financial markets in London. I traded the global financial markets on behalf of investment banks for 11 years. In 1998 I decided to explore the underlying financial system in more detail and its impact on society. The results were startling! In 2000 I decided to leave banking and explore new opportunities. I helped start up Trucost, an environmental research company, exploring ways of placing a value on ecosystem services. In 2002 I moved with my family to Christchurch, New Zealand. Since then I have returned to University studying political science and helped start up another company, VortexDNA, which explores the science of human intention and its predictive abilities. I am an active Angel investor, mainly in clean tech and web 2.0, and also volunteer for local community organisations in the areas of finance and mentoring. I am always keen to make new connections and hear about new ideas. Contact me directly on raf AT sustento.org.nz

    Follow me on Twitter

    Tag Cloud

    amnesty banking bank of england central banks china climate change credit credit crunch currencies debt economics ecosystem environment externalities federal reserve financial crisis food forex fossil fuels freedom future global warming greenhouse gas emissions human rights inflation interest intervention investing markets microfinance money money reform money supply mortgage new zealand oil p2p policy ideas politics repression reserve bank of new zealand sustainability systems un declaration of human rights violence
  • Recent Comments:

    • Raf: Paul, Thanks for that. I have just added in the news of another asset manager being investigated by the SEC for...
    • Paul Williams: Raf, thanks for this summary. There’s a very good interview with Lewis on BBC4’s the...
    • Hubberts Peak: I believe that peak oil is accurate and that we are now past the point of peak oil. I understand many...
    • Dai: Solid, no nonsense observations. All of us living in Hobbitland most certainly hope that our houses don’t...
    • Joyce Sabel: interesting take on the subject, count me as a new subscriber!
  •  

    Subscribe to the RSS Feed
    Enter your email address:

  • Archives

    • June 2010
    • March 2010
    • January 2010
    • September 2009
    • August 2009
    • July 2009
    • June 2009
    • May 2009
    • April 2009
    • January 2009
    • December 2008
    • November 2008
    • October 2008
    • September 2008
    • August 2008
    • July 2008
    • June 2008
    • May 2008
    • April 2008
    • March 2008
    • February 2008
    • January 2008
    • December 2007
    • November 2007
    • October 2007
    • September 2007
    • August 2007
    • July 2007
    • June 2007
    • May 2007

Home | About Us | Research | Links | Contact

© 2007 Sustento Instuitute