Delta Air Lines Inc said on Friday it will invest $1 billion over the next decad...
CHICAGO - Delta Air Lines Inc said on Friday it will invest $1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale.
The aviation industry accounts for roughly 2% of global carbon dioxide emissions and has set out a plan to achieve carbon-neutral growth from 2020, even as air travel is forecast to accelerate. With this new investment, Delta intends to become the first carbon-neutral airline globally while helping to fund research and projects involving clean air technologies and the reduction of carbon emissions and waste.
As of now, there are not many quick options available for airlines to reduce their carbon footprint. Biofuels are in short supply and take years to develop, and there are no immediate prospects of newer jet engines that are more fuel-efficient than those currently in the market.
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