Emirates has committed to invest US$200 million (approx. €183 million) over the next three years to research and development projects focused on reducing the carbon footprint of the wider aviation industry, the carrier announced on Thursday (11 May).
The Dubai-based carrier said the funds will be used to “contribute meaningfully” to practical solutions for the long-term sustainability of the aviation sector, with plans to identify partnerships with “leading organisations” working on advanced fuel and energy solutions.
According to the carrier, the investment marks the biggest single commitment by any airline on sustainability.
Emirates president Tim Clark said the industry needs "better solutions" and 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.
“Until viable solutions can be found, Emirates will continue to implement environmentally responsible practices throughout our business, including uplifting SAF where feasible, ensuring efficient fleet operations, and inducting modern aircraft into our fleet,” he added.
Clark stressed the investment fund is earmarked for R&D “and not for operating costs like the purchase of SAF or carbon offsets to tick regulatory boxes – activities we consider business-as-usual”.
Emirates’ environmental sustainability executive steering group will oversee disbursements from the fund.
The carrier also invests in renewable energy initiatives, including the installation of solar panels to power some of its operational buildings in Dubai, and the use of electric vehicles. In January, the carrier completed the first 100 per cent SAF-powered demonstration flight in partnership with Boeing and GE.