Emirates will invest more than $200 million into the fund over three years, focusing on various R&D projects to reduce the impact of fossil fuels in aviation. — Photo courtesy of Emirates
Emirates on May 12 announced it has committed US$200 million to fund research and development (R&D) projects focused 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.
“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, the 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,” said Sir Tim Clark, President Emirates Airline.
“Until viable solutions can be found, Emirates will continue to implement environmentally responsible practices throughout our business, including uplifting SAF where feasible, ensuring efficient fleet operations, and inducting modern aircraft into our fleet. Our US$200 million fund is earmarked for R&D, and not for operating costs like the purchase of SAF or carbon offsets to tick regulatory boxes - activities we consider business-as-usual,” added Sir Tim.
Emirates’ Environmental Sustainability Executive Steering Group will oversee disbursements from the fund, with support from technical experts.
Emirates’ long-standing environmental policy and strategy focuses its activities on three areas: emissions reduction, responsible consumption, and the conservation of wildlife and habitats.
In January, Emirates successfully completed the first 100 per cent SAF-powered demonstration flight in partnership with Boeing and GE. The airline also participated in a range of industry working groups and stakeholder engagements on sustainable aviation fuel. It has a comprehensive fuel efficiency programme that actively investigates and implements ways to reduce unnecessary fuel burn and emissions, wherever it is operationally feasible.
Emirates also invests in renewable energy initiatives including the installation of solar panels to power some of its operational buildings in Dubai, and the use of electric vehicles both airside and landside. — VNS