Airline Industry Targets Net-Zero Carbon Emissions by 2050 - Bloomberg

2022-05-28 12:45:27 By : Mr. Harry Sun

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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.