© Reuters. FILE PHOTO: British Airways logos can be seen on the tail fins of Heathrow Airport in West London
LONDON (Reuters) – British Airways owner International Airlines Group (LON 🙂 has committed to running 10% of its flights on sustainable aviation fuel by 2030 in an effort to move towards its longer-term goal of zero carbon by 2050 To achieve net output.
The group's pledge comes on the same day as a US-led climate change summit hosted by US President Joe Biden to back up governments' pledges to reduce carbon emissions.
The IAG announced on Thursday that it would buy one million tons of sustainable jet fuel annually until 2030. This corresponds to the annual distance of one million cars from the roads of Europe.
The sustainable fuel generally produces up to 70% less carbon than fossil fuels and offers airlines the opportunity to become greener while they continue to fly before less carbon-intensive hybrid, electric or hydrogen aircraft become available in the late 2030s.
IAG, an Anglo-Spanish company, is headquartered in the UK, one of the world's most ambitious climate change goals, with a goal of reducing CO2 emissions by 78% by 2035.
Due to the pandemic, flying is currently at a very low level, while pressure is increasing on airlines to reduce emissions.
"Switching to a low-carbon business model is clearly a challenge, but despite the current pandemic, we remain firm on our climate commitments," said IAG managing director Luis Gallego in a statement.
The airlines hope that by reducing their carbon footprint, they can win back passengers who, due to COVID-19, have realized they don't have to fly as much.
Gallego said government support would be critical in attracting investment to get sustainable aviation fuel plants up and running and producing sufficient quantities for the future.
The IAG plans to invest $ 400 million in sustainable aviation fuel development over the next 20 years, including building a household waste for a sustainable jet fuel facility in the UK.
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