- 16 Mai 2023
Emirates invests 200 mil. USD in sustainable solutions for the aviation sector
Dubai-based Emirates recently announced a 200 million USD fund aimed at supporting research and development projects that want to reduce the emissions of commercial planes.
As per ESG Today, the funding represents the largest sustainability commitment coming from an airline company and the money will be dispersed over the next three years.
Emirates Airline President Sir Tim Clark said that "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."
"We believe our industry needs better solutions, and that’s why we’re looking to partner with leading organizations on R&D. Our aim is to contribute meaningfully to practical solutions for the long-term sustainability of commercial aviation", Clark added.