U.S. aerospace manufacturers pledge to net zero emissions by 2050

By Nikita Chaurasia  | Date: 2021-10-05

U.S. aerospace manufacturers pledge to net zero emissions by 2050

U.S. aerospace firms will allegedly double down their efforts towards a climate goal by vowing to attain net-zero emissions by the year 2050, corresponding to a commitment that is to be debated by global airlines in the coming week.

The U.S. Aerospace Industries Association will reportedly pledge to work with governments and airlines to reach the target, joining an expanding aviation industry consensus which also includes airports.

Global airlines are anticipated to vote on an equivalent proposition at the annual meeting of International Air Transport Association in Boston. Air Transport Action Group, an independent coalition of organizations and companies in air transport industry, is also likely to sign up later in the week.

The target replaces the former goal of cutting the emissions to half by 2050 from 2005 levels, similar to the Paris climate agreement to restrict global temperature from rising to 2 degrees Celsius beyond pre-industrial levels in this century.

A U.N. report this year stated there was a 40% chance that in the next five years, global temperatures would reach 1.5 degrees Celsius above pre-industrial levels for a short period.

Environmental groups claim that the springing net-zero 2050 target does not have enough scope and needs to be enforced by government action. Aviation accounts for around 3% of global emissions.

Andrew Murphy, aviation director at Brussels-based Transport & Environment, mentioned that Aviation won't achieve the net-zero target by 2050 unless it follows the binding climate laws set at national level.

The commitment involves commercial aviation plane makers like Boeing Co. and suppliers Spirit AeroSystems and Honeywell International. European manufacturer Airbus already stated that it would support the 2050 target.

To assist in achieving the new target, manufacturers have committed to expanding their investments in advanced technologies for more efficient planes, like hybrid jet engines which are likely to enter service over the next decade.

Airlines, aerospace manufacturers, and airports are pushing for government support to augment production of sustainable aviation fuel (SAF) needed to attain the targets.

 

Source credit:

https://finance.yahoo.com/news/u-aerospace-firms-commit-net-232426184.html?guccounter=1

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More >>

More News By Nikita Chaurasia

L&T Technology Services partners with Qualcomm to amplify 5G adoption

L&T Technology Services partners with Qualcomm to amplify 5G adoption

By Nikita Chaurasia

L&T Technology Services Limited has recently announced that it is teaming up with Qualcomm Technologies, Inc., the world’s leading wireless technology innovator. With the latest collaboration, the firm plans to offer end-to-end solutions...

PNAS, Straive partner to deliver end-to-end content production services

PNAS, Straive partner to deliver end-to-end content production services

By Nikita Chaurasia

Renowned U.S.-based nonprofit and non-governmental organization, NAS (National Academy of Sciences), has reportedly collaborated with Straive, one of the leading technology-driven solutions providers for Content, EdTech, and Data. With this acquis...

Japan pushes innovations in 'deep tech' sector with solar cell technology

Japan pushes innovations in 'deep tech' sector with solar cell technology

By Nikita Chaurasia

Amid the most promising next-generation solar cell technology innovations, Enecoat Technologies, a provider of materials development services in Japan, is reportedly developing perovskite. Following its completion, the Kyoto-located start-up expec...

GIC to acquire majority shares in opulent Sani/Ikos properties

GIC to acquire majority shares in opulent Sani/Ikos properties

By Nikita Chaurasia

Singapore's sovereign wealth fund, GIC has agreed to pay around $2.2 billion to buy a majority stake in Sani/Ikos Group, a Mediterranean luxury resort operator, marking the largest transaction in the European resort market since the Covid-19 pand...

Excelra, Patcore partner to offer enhanced digital insights to customers

Excelra, Patcore partner to offer enhanced digital insights to customers

By Nikita Chaurasia

Excelra, a data and analytics solutions provider, has recently announced its partnership with Patcore, Inc., to provide better access to its analytics products and scientific data for customers in Japan. For the unversed, Excelra is one of the top...