Emirates creates a US$ 200 million aviation sustainability fund

Emirates creates a US$ 200 million aviation sustainability fund

Emirates has committed US$ 200 million to fund research and development (R&D) projects focussed on reducing the impact of fossil fuels in commercial aviation. This is the biggest single commitment by any airline on 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. Emirates’ Environmental Sustainability Executive Steering Group will oversee disbursements from the fund, with support from technical experts.

Sir Tim Clark, President of Emirates Airline said, "We are ring-fencing US$ 200 million to invest in advanced fuel and energy solutions for aviation, which is where airlines currently face the biggest impediment in reducing our environmental impact. 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. 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.

Emirates’ long-standing environmental policy and strategy focusses its activities on three areas: emissions reduction, responsible consumption, and the conservation of wildlife and habitats.