Air Travel Emirates to Invest $200m to Boost Sustainability in Commercial Aviation by GTP editing team 31 May 2023 written by GTP editing team 31 May 2023 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 21 Photo source: Emirates Emirates recently announced that it has pledged 200 million dollars towards research and development (R&D) projects aimed at reducing the environmental impact of fossil fuels in commercial aviation. The funds will be disbursed over three years as part of Emirates’ commitment to sustainability. The company intends to partner with leading organizations specializing in advanced fuel and energy technologies to drive innovative solutions. The focus is on addressing the aviation industry’s greatest challenge—reducing reliance on fossil fuels. Current pathways for emissions reduction do not align with net zero targets within the expected timeline, necessitating the pursuit of better alternatives. Photo source: Emirates “We looked long and hard at the reality we face in commercial aircraft and engine technology, fuel supply chain, and our industry’s regulatory and eco-system requirements. It’s clear that with the current pathways available to airlines in terms of emissions reduction, our industry won’t be able to hit net zero targets in the prescribed timeline,” Emirates President Sir Tim Clark said. Clark underlined that the objective is to partner with organizations on R&D projects that contribute significantly to the long-term sustainability of commercial aviation. While solutions are being developed, Emirates remains committed to implementing environmentally responsible practices. This includes prioritizing the use of Sustainable Aviation Fuel (SAF), ensuring efficient fleet operations, and incorporating modern aircraft. The 200 million dollar fund specifically focuses on R&D and is separate from operating costs such as SAF purchases or carbon offsets. Photo source: Emirates The management of the fund will be overseen by Emirates’ Environmental Sustainability Executive Steering Group, supported by technical experts. The group will monitor disbursements and project progress. Emirates’ commitment to reducing emissions extends beyond financial investments. The airline actively explores fuel efficiency measures, including flexible routings, ground power units, and solar panels for operational buildings. Emirates actively participates in sustainable aviation fuel initiatives and contributed to the development of the UAE’s power-to-liquid (PtL) fuels roadmap. Join the 15,000+ travel executives who read our newsletter Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Esperas Santorini Hotel Sees Remarkable Growth in KPIs After Partnering with RevitUp next post Makedonia Palace Hotel Highlights its Business Facilities at IMEX 2023 Expo You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Greek Ministries Team Up to Form National Cycling Strategy 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ