Emirates creates $200 million aviation sustainability fund

Emirates airline said on Thursday it had committed $200 million to a research fund focusing on reducing the impact of fossil fuels in commercial aviation, because hitting net zero emissions targets would not be possible with currently available options.

Emirates President Tim Clark said the biggest impediment for airlines in reducing their environmental impact was currently fuel.

“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,” Clark said.