Money

Aviation sector fails to meet key climate targets

Published

2 years ago

May 11, 2022

The aviation sector has missed most of its 50 key climate targets over the past 20 years, with all bar one either missed, revised or ignored completely

Experts say the findings indicate the UK government’s plans to have companies self-regulate on climate are failing, with air travel accounting for just over 2 percent of all human-caused carbon emissions.

FILE – In this Jan. 25, 2020, file photo a Boeing 777X airplane takes off on its first flight with the Olympic Mountains in the background at Paine Field in Everett, Wash.

In this latest air targets report, the researchers look at climate targets starting and finishing between 2000 and 2021.

In 2007, Virgin Atlantic set a 30 percent CO2 reduction target by 2020, but when 2020 rolled around, the airline dropped the goal altogether.

The study says examples like this indicate how climate target setting is really just a smokescreen for business as usual, giving “an impression of progress and action”.

Up Next

Another recall for Tesla, but this time 130,000 cars are impacted

Don't Miss

One of the most popular video games of all time is getting the (football) boot

William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

6 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

7 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending