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India is the second most populous country in the world and stood at seventh rank in a major climate risk index in 2019, which is a grave concern for the Indian government, policymakers and environmentalists. Therefore, the present study examines the role of fiscal policy and monetary policy instruments along with select macroeconomic variables on carbon emission in India over the period 1971–2019 in the non‐linear framework. The outcome of the study reveals that the impact of fiscal and monetary policy instruments on carbon emission is asymmetric in nature. In addition, the positive and negative shocks in fiscal and monetary policy instruments have a positive and negative impact on carbon emissions, respectively. Based on the coefficients' magnitude, the role of fiscal policy instruments has a more prominent effect on carbon emissions than monetary policy instruments. The findings of the study imply that the Indian government is required to implement green fiscal and monetary policies. Use fiscal policy to implement a 'green tax ratio' and a 'green subsidy programme' for manufacturers and investors to reduce CO2 emissions. A 'green lending programme' should be introduced for commercial banks by implementing monetary policy via the central bank. [ABSTRACT FROM AUTHOR]

The present study develops a methodology to assess transportation-related CO2 emissions of European city tourism. In doing so, not only is travel distance considered, but also the chosen transportation modes and the particularities of the different cities' source markets. The major contribution of this study is the implementation of this learning methodology into a decision support system for destination management organizations of cities. Based on a sample from 2018 of 48 European cities with at least 40 source markets, the range of aggregate transportation-related CO2 emissions of European city tourism is estimated. Moreover, a longitudinal analysis of the exemplary city of Vienna covering the period of 1990 to 2018 is carried out. Finally, some policy recommendations of how destination management organizations can contribute to make the estimated transportation-related CO2 emissions even more precise and on how to make European city tourism more environmentally sustainable are drawn. [ABSTRACT FROM AUTHOR]

The tourism industry contributes eight percent to global carbon emissions, directly and indirectly. Indirect carbon emissions are often neglected because they are difficult to calculate. The traditional approach to calculating indirect emissions – Life Cycle Assessment – is expensive and requires an expert data analyst. We introduce an alternative approach, the Environmentally Extended Input-Output Analysis. We show how this approach – currently used at macro-level to estimate carbon emissions at national or regional level – can be applied to the business level using carbon emissions generated by one hotel room clean as an example. Our comparative analysis shows that Environmentally Extended Input-Output Analysis leads to similar results as Life Cycle Assessment, while being substantially cheaper and more user-friendly. Environmentally Extended Input-Output Analysis, we conclude, enables tourism businesses to estimate the indirect carbon emissions of their operations, which is the key to identifying target areas for improvement. [ABSTRACT FROM AUTHOR]