Whilst travelling may not be deemed the most environmentally friendly activity, for many it’s the only way to visit loved ones, for others the only way to conduct business and, for the rest of us, a priceless way to experience new cultures and see the world.
Luckily, there are many ways you can make your trips eco-friendlier and reduce your carbon footprint.
Here are some quick tips on how to do your bit whilst travelling the world.
From shopping bags to plastic bottles, there are many single-use items we consume when travelling that can be replaced with reusable versions. Insulated coffee cups, water bottles and tote bags are just some of the items you can take with you that will reduce the waste you produce when travelling.
In general, airplanes and cars tend to be the most polluting modes of transportation. Where possible, try to travel by train or coach to cut your emissions while taking in the scenery. Once at your destination, consider taking the bus, traveling by metro/underground, or cycling around town instead of renting a car.
Importing and shipping foods make a huge carbon footprint on our planet. When you are travelling, you can reduce your environmental impact by opting to experience locally grown delights in place of eating out at the big chains. In many places, you will also be helping to support the local farming economy, who rely on the supply chain of local independent restaurants buying their produce.
If you do need to rent a car, opt for an electric, hybrid, or smaller model. You can plan your route to take in stops that have charging points close by so, while the car recharges, you can too as you take in the local sights.
Just because you are away and not the one paying the bills, it’s important to maintain your eco-friendly practices when away from home. You wouldn’t wash a towel after one use or leave the lights on all day when you go out, so the same should apply when travelling. Hang your towels up so housekeeping don’t wash them, turn the lights off when you leave and, to save water, don’t spend more time than needed in the shower.
Articles on this website are offered only for general information and educational purposes. They are not offered as, and do not constitute, financial advice. You should not act or rely on any information contained in this website without first seeking advice from a professional.
Past performance is not a guide to future performance and may not be repeated. Capital is at risk; investments and the income from them can fall as well as rise and investors may not get back the amounts originally invested.
You are now departing from the regulatory site of Finura. Finura is not responsible for the accuracy of the information contained within the linked site.
Source: Ecomena (Sept 2021)
As tax year end approaches, there is still time to make use of your available reliefs and allowances.
This tax year end planning checklist covers the main planning opportunities available to UK resident individuals and will hopefully help to inspire action to reduce tax for the 2023/24 tax year and to plan ahead for 2024/25.
As tax rate band thresholds are changing, understanding the impact on high rate taxpayers and the economy is crucial.
It was recently revealed in the media that the amount we need to enjoy a ‘moderate’ retirement has increased by £8,000 per annum, a 38% increase, in just one year.