Dubai-based carrier Emirates Group has established a USD 200 mn research and development (R&D) fund aimed at cutting emissions in commercial aviation, according to a press release. The funds will be disbursed over three years and will go towards partnerships with “leading organizations working on solutions in advanced fuel and energy technologies,” the statement said. The company’s Environmental Sustainability Executive Steering Group and technical experts will oversee the fund’s disbursal.

What they said: “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,” Emirates Airline President Tim Clark said. “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.”

Tags: