JPMorgan Chase sets climate goals for aviation, cement and steel investments
JPMorgan Chase (NYSE:JPM) has set 2030 targets for emissions of aviation, cement and steel companies in its portfolio of investments.
Sustainable Aviation
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Virgin Atlantic to operate net zero transatlantic flight in 2023
A British team led by Virgin Atlantic and Rolls Royce will demonstrate the first transatlantic flight powered 100% by SAF sometime in 2023, in support of the UK government’s Jet Zero Strategy. Challenges facing industrial-scale production of alternative aviation fuels suggest wider availability of such flights may take longer to realise.
EU agrees new rules to make aviation sector ‘Fit for 55’
Revised EU Emissions Trading System (EU ETS) rules to include the aviation sector can help the bloc reach its ‘Fit for 55’ emissions reduction goal by 2030. The industry has been ineffective in taking action on its own to reduce emissions, which can justify resorting to the 'polluter' pays principle.
Airbus backs Carbon Engineering’s DACCS to decarbonise aviation
Airbus’ investment in Canada’s Carbon Engineering Ltd sees the manufacturer backing the use of DACCS and SAF as the best way to help reduce air transport emissions in alignment with the industry’s 2050 net zero goal.
Honeywell unveils new ethanol-to-jet fuel technology
Tech conglomerate Honeywell (NASDAQ:HON) has developed a new processing method to convert corn-based, cellulosic, or sugar-based ethanol into sustainable aviation fuel (SAF).
Aviation sets net zero targets amid lobbying controversy
Despite the industry fighting any form of regulation for many years, the International Civil Aviation Organisation (ICAO) has finally announced some ‘aspirational goals’ for net zero aviation.
EasyJet to abandon carbon offsets in favour of emissions reduction
Budget airline EasyJet says that, from December 2022, it will no longer purchase carbon offset credits and will instead prioritise emissions reduction through investment in emerging technologies.
DoE backs PNNL, Green Plains, Tallgrass to advance SAF technology
A partnership between the Pacific Northwest National Laboratory (PNNL), biorefining firm Green Plains (NASDAQ:GPRE) and energy infrastructure provider Tallgrass has been awarded funding by the US Department of Energy (DoE) with the aim of advancing its sustainable aviation fuel (SAF) technology.
The challenges for sustainable aviation fuel (SAF)
Sustainable aviation fuel (SAF) is expected to play a substantial role in the decarbonisation of air travel, but challenges around its source, use, technology, lifecycle emissions reduction potential and impact on food security must be addressed if it is to fulfil its potential.
What you need to know about Google Flights’ emissions whitewashing
An update of Google’s methodology to calculate flight emissions has been met with backlash. Google has been accused of whitewashing the climate impact of flying by only taking into account carbon emissions and excluding contrails, but is it intentional or a lack of proper science and international standards?