Air New Zealand will remove its 2030 emissions reduction target, and withdraw from the U.N.-backed Science Based Targets initiative (SBTi) aimed at corporate action on climate change.
The airline’s goal to reduce its carbon intensity by 28.9 percent by 2030 (compared to 2019 levels) has now been scrapped due to several factors, including access to new planes and alternative jet fuel.
“Many of the levers needed to meet the target, including the availability of new aircraft, the affordability and availability of alternative jet fuels, and global and domestic regulatory and policy support, are outside the airline’s direct control and remain challenging,” the airline said in a statement to the market....
↧