Emirates has committed $200 million for projects focused on boosting sustainability in commercial aviation.
The carrier, which plans to invest the funds over three years, claims the fund is the biggest commitment by any airline.
“We are ring-fencing $200 million to invest in advanced fuel and energy solutions for aviation, which is where airlines currently face the biggest impediment in reducing our environmental impact,” said Tim Clark, president of Emirates Airlines.
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“We looked long and hard at the reality we face in commercial aircraft and engine technology, fuel supply chain, and our industry’s regulatory and eco-system requirements. It’s clear that with the current pathways available to airlines in terms of emissions reduction, our industry won’t be able to hit net zero targets in the prescribed timeline. We believe our industry needs better solutions, and that’s why we’re looking to partner with leading organizations on R&D. Our aim is to contribute meaningfully to practical solutions for the long-term sustainability of commercial aviation.”
Emirates’ Environmental Sustainability Executive Steering Group will be responsible for the fund and for identifying partnership opportunities.
“Until viable solutions can be found, Emirates will continue to implement environmentally responsible practices throughout our business, including uplifting SAF [sustainable aviation fuel] where feasible, ensuring efficient fleet operations, and inducting modern aircraft into our fleet. Our $200 million fund is earmarked for R&D and not for operating costs like the purchase of SAF or carbon offsets to tick regulatory boxes - activities we consider business-as-usual,” he said.
The airline already has an environmental strategy in place focused on emissions reduction, responsible consumption and conservation.
A number of airlines have announced a raft of investments in sustainable aviation fuel in recent months while others including Delta, with the opening of its innovation lab, are investing in reducing carbon emissions in other ways.
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