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

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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.

The Air Transport Action Group will also be discussing climate targets this week. PHOTO: HD Melbourne Aviation

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.

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Why the meme-stock frenzy is unlikely to repeat

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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

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Why are airlines after the Biden Administration?

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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

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The mounting pressure on Government spends

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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

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