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How to cut aviation emissions by 20% overnight

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After years of dithering, the International Civil Aviation Organisation (ICAO), has finally come to an agreement on a plan to reduce aviation’s carbon emissions.

At a meeting in Montreal, the ICAO pledged to support an “aspirational” net zero aviation goal by 2050. The plan, seen as a compromise by many, was accepted by the 193 countries who are members of ICAO. However green groups say the deal is weak and not legally binding. Let’s take a closer look.

The Problem with Flying

There’s no denying that flying is a huge contributor to global carbon emissions. In 2018, aviation accounted for about 2% of global CO2 emissions, according to the BBC. And those emissions are only projected to grow in the coming years as the demand for air travel continues to increase. That’s why it’s so important that we have a plan in place to reduce those emissions. Otherwise, we’re facing some pretty dire consequences down the road.

The ICAO Deal

So what exactly does this deal entailed? Well, under the terms of the agreement, ICAO member countries have committed to stabilizing carbon dioxide emissions from aviation at 2020 levels by 2025. After that, they’ve pledged to cut those emissions by half by 2050, compared to 2005 levels.

However, it’s important to note that these targets are entirely voluntary and there are no consequences for countries that don’t meet them. That’s why many environmentalists are criticizing the deal as being too weak and ineffective. Nevertheless, it’s a start and it’s better than nothing.

But aviation analyst Geoffrey Thomas from Airline Ratings says governments around the world could easily cut emissions by making changes to air traffic control.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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