Money

U.S. Aerospace manufacturers aiming for net zero by 2050

Aviation industry determined to improve their climate targets to reduce net emissions

U.S. aerospace manufacturers are due to update their climate target to achieve net-zero emissions by 2050 in a bid to strengthen their climate target.

U.S. Aerospace Industries Association will be discussing the move on Monday, aiming to collaborate with airlines and governments to achieve their climate goal.

A similar proposal will be voted on by global airlines on Monday at the annual International Air Transport Association meeting in Boston.

Previously, the target was to halve net emissions by 2050 from 2005 levels.

Currently, aviation contributes to 3 per cent of global emissions, with environmental groups saying more needs to be done by governments to achieve targets efficiently.

Aviation director at Brussels-based Transport and Environment says less travel, specifically corporate travel is a necessary step to reducing emissions.

“Aviation won’t get to net zero by 2050 unless it accepts binding climate laws set at national level,” he says.

Another method involves carbon offset fees which will make flights more expensive but will fund greener travel.

Although difficult to implement, steps to combat carbon emissions are necessary to avoid further global warming, with the U.N reporting a 40 per cent chance of global temperatures rising to 1.5 degrees celsius above pre-industrial levels in the next five years.

Up next
What ancient Rome still teaches us about the modern world

From the roads we travel to the languages we speak, the influence of Ancient Rome remains deeply embedded in modern society.

Read the story →
Ticker Today takes a daily view of the world of news, politics and business.With Ahron YoungWhisky & Suits explores law, property finance and business over fine whisky.With Imran Khan and Chris ChristofiThe Founders Method explores practical lessons and systems for entrepreneursWith Jonathan Byrt and Jesse LeeworthyThe Connector explores property and urban growth across Australia and the UK.With Belinda CoateThe Property Playbook delivers research-led insights for property investors.With Tim Graham and Terry RyderState of Hospitality explores the challenges facing Australia's hospitality.With Jeremy KoadlowBuying Power helps young professionals enter property and build lasting wealth.With Victor and Reshmi KumarThe Airport Economist explores global trade, business and economic outlooks.With Tim HarcourtMedia Movers explores the trends shaping Australia's media and global news.With James ManningBroker Business explores strategies to build, grow and sustain a business.With Rex AfrasiabiMoney Matters explores practical financial strategies to build lasting wealth.With Dr Steven EnticottBeyond Education explores the ideas and technology shaping future learning.With Greg CampitelliTicker Air explores the latest aviation news, travel trends and developments.With Ahron YoungEarly Years Dialogue explores the issues shaping Australia's early learning.With Paul MondoMarkets and Machines explores AI, regulation and trends shaping the markets.With Chris BergSocial Intelligence explores how social media and AI transform our daily lives.With Dr Karen SutherlandThe AI Edge explores how artificial intelligence reshapes the world economy.With Brad Gastwirth

More from Ticker

Watch

More in Money

View all →