BR100 Increased By (1.45%)
BR30 Increased By (1.51%)
KSE100 Increased By (1.03%)
KSE30 Increased By (1.2%)
AGHA 7.50 Increased By ▲ 0.06 (0.81%)
BECO 5.34 Increased By ▲ 0.04 (0.75%)
BML 56.99 Decreased By ▼ -0.07 (-0.12%)
BOP 33.85 Increased By ▲ 0.36 (1.07%)
CNERGY 11.02 Increased By ▲ 0.28 (2.61%)
CSIL 6.12 Increased By ▲ 0.08 (1.32%)
FCCL 55.50 Increased By ▲ 1.32 (2.44%)
FFL 16.15 Increased By ▲ 0.08 (0.5%)
FNEL 1.23 Increased By ▲ 0.01 (0.82%)
KEL 7.28 Increased By ▲ 0.10 (1.39%)
KOSM 6.11 Increased By ▲ 0.18 (3.04%)
LOTCHEM 27.15 Increased By ▲ 0.18 (0.67%)
MLCF 97.01 Increased By ▲ 2.14 (2.26%)
NBP 203.55 Increased By ▲ 3.26 (1.63%)
NCPL 55.90 Increased By ▲ 0.43 (0.78%)
NPL 65.52 Decreased By ▼ -0.10 (-0.15%)
OGDC 318.20 Increased By ▲ 4.16 (1.32%)
PACE 10.69 Increased By ▲ 0.18 (1.71%)
PAEL 42.70 Increased By ▲ 0.43 (1.02%)
PIBTL 17.15 Increased By ▲ 0.11 (0.65%)
PPL 219.98 Increased By ▲ 3.77 (1.74%)
PRL 62.90 Increased By ▲ 2.76 (4.59%)
PTC 72.30 Increased By ▲ 0.29 (0.4%)
SSGC 25.73 Increased By ▲ 0.45 (1.78%)
TBL 9.76 Increased By ▲ 0.09 (0.93%)
TELE 8.39 Increased By ▲ 0.14 (1.7%)
TPL 21.21 Increased By ▲ 0.88 (4.33%)
TPLP 14.69 Increased By ▲ 1.32 (9.87%)
TREET 23.30 Increased By ▲ 0.25 (1.08%)
TRG 60.49 Decreased By ▼ -0.36 (-0.59%)
World

Air New Zealand scraps 2030 emissions targets

Published Updated
By

WELLINGTON: Air New Zealand on Tuesday shelved ambitious 2030 carbon emissions targets, blaming a tight supply of new aircraft and sustainable jet fuel.

The carrier said it was forced to rethink a long-standing aim to cut emissions per flight by about a third.

“The airline may need to retain its existing fleet for longer than planned due to global manufacturing and supply chain issues that could potentially slow the introduction of newer, more fuel-efficient aircraft into the fleet,” Air New Zealand chief executive Greg Foran said in a statement.

Air New Zealand will also withdraw from the Science Based Targets Initiative, which helps companies reduce emissions in line with the Paris Agreement.

It marks a shift as airlines struggle globally with aircraft shortages and supplies of sustainable fuel.

Conflicts in Ukraine and Gaza have also forced carriers to take longer routes as airlines battle to meet the target set by the industry’s trade body of net-zero carbon emissions by 2050.

Air New Zealand aims to fly battery-powered plane by 2026

Air New Zealand said it remained committed to reaching net-zero emissions by 2050 and was considering a new carbon intensity reduction target.

Air New Zealand was previously run by the country’s centre-right prime minister Christopher Luxon, whose government has cut funding for climate projects.

Comments

Comments are closed for this article.