International airlines are committed to lowering CO2 emissions by 2050

All around the world flight committed to being able to emit zero carbon emissions by 2050, which is a major challenge for the worst-affected companies as they begin to recover from the problems that led to Covid-19.

The plan was approved by members of the International Air Transport Association on Monday, and they came after the companies met with them. stress taking action to reduce her risk.

The aircraft, which makes up about 2% of global gas emissions, is one of the most difficult-to-carry industries, and Iata acknowledged that its goal was to become more complex.

“Creating aviation companies is very difficult because we don’t have a clear solution in the short term,” said Iata chief executive Willie Walsh. “But we have strong faith. . . there is a reliable way to get zero. ”

The roadmap for these companies relies on 65 percent of emissions reduction from jet fuel, which is less polluting than gasoline, but is currently in short supply.

Sebastian Mikosz, vice president of natural resources at Iata, said the companies needed 450bn liters of solid fuel per year, but only 100m liters were available.

The volume of 450bn liters is equivalent to 7.8m barrels per day of demand. Global oil and essential oil was 7.9mb / d in front of plague in 2019, according to the International Energy Agency.

The plan also includes future and unconventional technologies, combining electric aircraft with hydrogen. Any residual waste can be ventilated or recycled, says Iata.

To raise concerns that governments may be able to take action against natural disasters if airlines do not fly fast, Walsh urged countries to help carriers achieve zero emissions, instead of punishing them for flying.

“Restrictions on air travel and tax evasion can also cost money and reduce the flow of wealth. And we have never seen environmental taxes contribute to lowering carbon emissions, “said former British Airways chief executive.

He added that Boeing and Airbus aircraft manufacturers had “not done enough” to develop new air-conditioning technology, and that any carrier who did not commit to reducing its emissions would be “counted by consumers”.

Robin Hayes, JetBlue’s US chief of staff, says that, contrary to security, airlines will compete in their commitment to reduce pollution.

“We all want the same thing,” he said. “Will we compete to get there? Hell yes. . . If this gets to us quickly, I think that’s a good thing. ”

The entry was criticized by Chinese airlines, which want to delay commitment in 2060, highlighting the difficulties in attracting developing countries to adapt to climate change that could hinder the expected number of flights in the coming years.

Walsh said European airlines, in particular, were experiencing difficulties to reach zero before 2050, and have backed down against China’s idea.

“Moving to 2060 is not a position they can accept,” he added.

Transport & Environment, a climate watchdog group, said airlines needed to abandon testing routes and focus more on pure fuel efficiency and meet oil and carbon taxes.

Climate targets come as companies prepare for a dramatic recovery from the epidemic in the coming years.

On Monday Iata meteorological flights could lose another $ 11.6bn next year, down from $ 52bn expected in 2021 and $ 137.7bn in 2020.

Encouraged by a significant housing market, US companies are the only region expected to return in 2022.

“We have been through a very difficult time. When there are serious problems, the recovery process is in full swing, ”Walsh said.

Additional reports of Derek Brower in New York

Chuma Chuma

Where climate change meets business, markets and politics. See the FT publication here.

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