October 5, 2021 Read More →

Airline industry promises to reach net-zero emissions by 2050

Bloomberg ($):

The airline industry’s main lobby group adopted a target of eliminating carbon emissions on a net basis by 2050, a goal that will require balancing the fight against climate change with the need to spur demand in the aftermath of the Covid-19 pandemic.

Current airline targets aren’t ambitious enough, International Air Transport Association Director General Willie Walsh said at the group’s annual meeting in Boston on Monday. At the same time, he said the industry will need help to bear the estimated $2 trillion cost of transitioning from fossil-derived jet fuel. 

“For aviation, net zero is a bold, audacious commitment,” Walsh said. “But it is also necessary.” 

Airlines are under pressure to make quick progress toward lower emissions even though breakthrough technology like hydrogen-powered planes is years away. While automakers and the power industry have made tangible progress in becoming more green, aviation’s extended development timelines and safety prerogatives mean change has been slower.

[Siddharth Vikram Philip, Mary Schlangenstein and Christopher Jasper]

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