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(Bloomberg) — Air New Zealand Ltd. set new targets to curb emissions after scrapping previous climate goals, and warned that decarbonization efforts remain reliant on the advance of greener fuels.
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The carrier will aim to lower its net “well-to-wake” emissions — described as those associated with the production, distribution and combustion of jet fuel — by 20% to 25% by 2030 from a 2019 baseline, according to a statement published on Thursday.
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A lack of availability of more efficient planes and limited supplies of alternative jet fuels led the airline last July to remove an earlier target to cut carbon intensity by 28.9% across the same timeframe. Air New Zealand also left the Science Based Targets initiative, the world’s main standard setter for corporate climate targets.
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The airline remains committed to achieving net zero carbon emissions by 2050, and sees potential to accelerate its interim goals if clean technology develops faster, according to Chief Sustainability and Corporate Affairs Officer Kiri Hannifin.
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“The reality of decarbonizing an industry like aviation is, there is uncertainty and are many factors we have limited control over, such as the availability of sustainable aviation fuel at reasonable prices,” she said in a separate statement. “We hope there may be opportunities to move faster as new technologies and the SAF industry grows.”
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Emissions from the aviation sector are forecast to continue to rise through 2050 as demand for air travel rises. High costs are likely to limit the role of sustainable fuels to 7% of final energy use by mid-century, BloombergNEF said in a report last month.
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