The International Airlines Group (IAG) – formed by British Airways (BA), Iberia, Aer Lingus, LEVEL and Vueling – has committed to reach zero net carbon dioxide (CO2) emissions in 2050.
IAG will contribute to the objective of the British Government to achieve neutrality in carbon emissions by 2050 and also to the United Nations objective of limiting global warming to 1.5 degrees Celsius, the group said in a statement.
The note adds that IAG was instrumental in establishing the first global UN program to offset carbon emissions, called CORSIA, which will allow the industry to reduce its CO2 emissions by 2.5 billion tons between 2020 and 2035 through the investment of 40,000 million dollars (36,304 million euros) in projects to reduce carbon.
The challenge of achieving zero net CO2 emissions will be achieved with the launch of several environmental initiatives, he says.
BA will offset the carbon emissions of all its domestic flights from 2020, according to IAG.
The company will invest in verified carbon reduction projects equivalent to the CO2 emissions generated on its flights within the United Kingdom.
It will also invest 400 million dollars in sustainable aviation fuels over the next 20 years.
This includes BA's partnership with the specialized company, Velocys, to build the first European household waste recycling plant for conversion into aviation fuels, which will begin operations in 2024, the statement said.
This facility will transform domestic waste destined for landfills into sustainable fuel, which generates 70 percent less CO2 emissions than fossil fuel.
Old aircraft of the IAG fleet will also be replaced by 142 new aircraft in the next five years.
Willie Walsh, CEO of IAG, said that "today, aviation accounts for 2% of global CO2 emissions. We are investing in new aircraft and innovative technology to reduce our carbon footprint in an industry where currently there is no alternative to fossil fuel. "
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