Emirates has committed $200 million to fund research and development projects focused on reducing the impact of fossil fuels in commercial aviation, the carrier announced Thursday. Funds are to be disbursed over three years for solutions in advanced fuel and energy technologies.
“We looked long and hard at the reality we face in commercial aircraft and engine technology, [the] fuel supply chain, and our industry’s regulatory and ecosystem requirements,” Emirates president Tim Clark said in a statement. “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. We believe our industry needs better solutions, and that’s why we’re looking to partner with leading organizations on R&D.”
The fund will not be used for operating costs like the purchase of sustainable aviation fuel or carbon offsets “to tick regulatory boxes—activities we consider business-as-usual,” Clark said.
