The Group will purchase one million tonnes of sustainable jet fuel per year enabling it to cut its annual emissions by two million tonnes by 2030. This equates to removing one million cars from Europe’s roads each year.
In addition, IAG will become the first airline group worldwide to extend its net-zero commitment to its supply chain. The Group will be working with its suppliers to enable them to commit to achieving net zero emissions by 2050 for the products and services they provide to IAG.
Luis Gallego, IAG´s chief executive, said: “For more than a decade, IAG has led the airline industry’s actions to reduce its carbon footprint. It’s clearly challenging to transition to a low carbon business model but, despite the current pandemic, we remain resolute in our climate commitments.
“Government support is critical to meet this target by attracting investment to construct sustainable aviation fuel plants that will deliver enough supply for the airline industry, creating highly-valued green jobs and economic growth at global scale”.
Grant Shapps, Transport Secretary, said: “Just this week we’ve set the world’s most ambitious climate change target, and IAG’s agenda-setting commitment is clear evidence of the progress we are making.
“These kinds of initiatives, along with our work through the Jet Zero Council, will help us rapidly accelerate towards our net zero targets as we build back better out of the pandemic.”
With the right policy in place in the next ten years up to 14 plants could be built across the UK, creating 6,500 jobs and saving 3.6 million tonnes of CO2 per annum. Sustainable jet fuel produces at least 70 per cent less carbon emissions than fossil fuel.
IAG is investing US$400 million in the development of sustainable aviation fuel in the next 20 years. The Group is partnering with sustainable aviation fuel developers, LanzaJet and Velocys. This includes Europe’s first household waste-to-jet fuel plant in the UK which will start operations in 2025. British Airways will also purchase sustainable jet fuel from LanzaJet’s US plant to power some of its flights from late 2022.
IAG was the first airline group worldwide to commit to net-zero carbon emissions by 2050 and is one of the 10 global companies recognised by the UN for their ambitious carbon targets.
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