The airline industry rises above
© National Geographic Society
Yesterday’s Financial Times stated that the airline sector is the first sector that has taken a united stand against global warming by annoucing an industry-wide plan to cut carbon emissions. The International Air Transport Association (IATA) said that memebrs have agreed to cut net emissions by 50 percent by 2050 (from 2005 levels). The airlines also plan to improve carbon efficiency by an average of 1.5 percent per year up to 2020, at which point net emissions will be stabilised.
Is this good news? Well, the business perspective, represented by a senior strategist at BGC Partners “questioned potential costs of the plan’s propsosed emission cuts.” Meanwhile, environmental campaigners said “the airlines’ plan did not go far enough.” While it may never be possible to keep everyone happy, at Cavotec we are encouraged by such IATA’s asiprations. As a proud IATA member, we are in support of any movement towards a more clean and efficient industry.
