{"id":221688,"date":"2023-05-26T05:15:00","date_gmt":"2023-05-25T22:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=221688"},"modified":"2023-05-26T06:10:11","modified_gmt":"2023-05-25T23:10:11","slug":"emirates-creates-aviation-sustainability-fund","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2023\/05\/emirates-creates-aviation-sustainability-fund\/","title":{"rendered":"Emirates creates aviation sustainability fund"},"content":{"rendered":"\n

DUBAI UAE, 26 May 2023: <\/strong>Emirates, the world\u2019s largest international airline, has committed USD200 million to fund research and development (R&D) projects focussed on reducing the impact of fossil fuels in commercial aviation.<\/p>\n\n\n\n

This is the biggest single commitment by any airline to sustainability, with funds to be disbursed over three years. Emirates will identify partnerships with leading organisations working on solutions in advanced fuel and energy technologies. <\/p>\n\n\n

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Emirates Airline president Sir Tim Clark said:”We are ring-fencing USD200 million to invest in advanced fuel and energy solutions for aviation, where airlines currently face the biggest impediment in reducing our environmental impact. We looked long and hard at the reality of commercial aircraft and engine technology, the fuel supply chain, and our industry\u2019s regulatory and eco-system requirements. It\u2019s clear that with the current pathways available to airlines regarding emissions reduction, our industry won\u2019t be able to hit net zero targets in the prescribed timeline.<\/p>\n\n\n\n

“We believe our industry needs better solutions, and that\u2019s why we\u2019re looking to partner with leading organisations on R&D. We aim to contribute meaningfully to practical solutions for the long-term sustainability of commercial aviation.”<\/p>\n\n\n\n

Sir Tim added: <\/strong>“Until viable solutions can be found, Emirates will continue implementing environmentally responsible practices throughout our business, including uplifting SAF where feasible, ensuring efficient fleet operations, and inducting modern aircraft into our fleet. Our US$ 200 million fund is earmarked for R&D, not for operating costs like the purchase of SAF or carbon offsets to tick regulatory boxes – activities we consider business-as-usual.”<\/p>\n\n\n\n

Emirates\u2019 Environmental Sustainability Executive Steering Group will oversee disbursements from the fund, with support from technical experts.<\/p>\n\n\n\n

Emissions reduction initiatives at Emirates<\/strong><\/p>\n\n\n\n

Emirates\u2019 long-standing environmental policy and strategy focuses its activities on three areas: emissions reduction, responsible consumption, and the conservation of wildlife and habitats.<\/p>\n\n\n\n

In January, Emirates completed the first 100% SAF-powered demonstration flight with Boeing and GE. Since its first flight powered by SAF in 2017, the airline continues to participate actively in the SAF market and seek opportunities in its network to use SAF where feasible.<\/p>\n\n\n\n

However, bio-based SAF, currently the only type of commercially available SAF, is extremely limited in supply. IATA estimates that the entire world\u2019s annual supply of SAF meets less than 0.1% of airlines\u2019 needs. <\/p>\n\n\n\n

Emirates participates in various industry working groups and stakeholder engagements on sustainable aviation fuel. In recent months, the airline contributed to the development of the UAE\u2019s power-to-liquid (PtL) fuels roadmap, launched in July 2022 and prepared jointly by the Ministry of Energy and Infrastructure and the World Economic Forum, as well as the UAE\u2019s National Sustainable Aviation Fuel Roadmap launched in January 2023 by the Ministry of Energy and Infrastructure.<\/p>\n\n\n\n

Emirates\u2019 investment in flying a young and modern aircraft fleet remains its biggest commitment to reducing emissions. The airline currently has 200 of the latest Airbus and Boeing wide-body aircraft on order, including A350s and 777Xs.<\/p>\n\n\n\n

The airline has a comprehensive fuel efficiency programme that actively investigates and implements ways to reduce unnecessary fuel burn and emissions wherever it is operationally feasible. Some of the program\u2019s most significant initiatives include: <\/p>\n\n\n\n