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The IAG airline group aims to achieve zero emissions by 2050.
As logistics operators seek to reduce their environmental footprint, a growing number of freight forwarders, transport companies and now airlines are aiming to achieve net zero emissions within the next few decades. The International Airlines Group (IAG) has announced that it will be the first airline group to commit to zero CO2 emissions by 2050.
“Today aviation accounts for 2% of global CO2 emissions,” said IAG CEO Willie Walsh. “We are investing in new aircraft and innovative technologies to reduce our carbon footprint in an industry where there is currently no alternative to jet fuel. In addition to our own initiatives, there must be global agreement on this issue. We are participating in a new airline offset scheme from the United Nations that allows our industry to invest in reducing CO2 emissions in other sectors.”
The airline group is implementing several emission reduction initiatives at once. As part of these initiatives, the IAG group said it will radically upgrade its fleet over the next five years, replacing older aircraft with 142 new aircraft at a cost of US$27 billion, reducing CO2 emissions by up to 25%.
IAG is also responsible for an important long-term project: the group is investing US$400 million in innovative eco-jet fuel over the next 20 years, including through British Airways’ partnership with Velocys to build a waste recycling plant in the United Kingdom, The launch of the plant is scheduled for 2024. According to the IAG statement, the plant will turn household waste into environmentally friendly fuel.
Many European operators are striving to reduce their CO2 emissions, and the green movement among logistics companies is gaining worldwide popularity. Last month, Amazon placed an order for 100,000 electric delivery vehicles and also announced its updated Climate Pledge: The global giant aims to meet the Paris Agreement 10 years ahead of schedule. Kuwait-based logistics company Agility Ventures also recently announced an $18 million investment in cutting-edge technology to improve the energy efficiency of its supply chain.
International Consolidated Airlines Group, S.A., often shortened to IAG, is an Anglo-Spanish multinational holding company with its registered office in Madrid, Spain and headquarters in London, United Kingdom. It was formed in January 2011 following a merger agreement between British Airways and Iberia, the UK’s and Spain’s leading carriers respectively. It is the sixth largest airline in the world, generating €24,406 billion in revenue in 2018.
The group’s subsidiaries include Aer Lingus, Anisec Luftfahrt, British Airways, Iberia, LEVEL, Vueling, Avios Group. British Airways, Iberia, Aer Lingus, Vueling and LEVEL operate under their own brand names.
The group also owns the cargo company IAG Cargo. IAG Cargo uses the passenger capacity of sister airlines such as British Airways and has three hubs located at Dublin, London and Heathrow, as well as Adolfo Suárez Madrid-Barajas Airport. IAG Cargo transports goods to more than 350 destinations in more than 80 countries. As of December 31, 2016, IAG’s fleet totaled 548 aircraft. The most popular aircraft type in operation is the Airbus A320 series with a combined fleet of 227 aircraft.
International air cargo transportation in Ukraine is successfully carried out by M&M Ukraine (head office in Kiev, subdivision in Boryspil and Odessa) in all promising and popular global destinations. “M&M Ukraine” provides high-quality and safe cargo transportation from China to Ukraine, from Ukraine to China.
Based on materials from aircargoworld.com and data from open sources.