Air New Zealand exits Science Based Targets initiative, raising concerns about corporate climate goals commitment.

Air New Zealand's withdrawal from the Science Based Targets initiative (SBTi) raises concerns about future commitment to climate goals from other businesses. The airline had a 2030 target aligned with the Paris Agreement's 2°C goal, aiming for a 28.9% reduction in jet fuel emission intensity. Several companies, including Microsoft, Unilever, and Procter & Gamble, have also failed to set net-zero targets after making a commitment. Airlines face challenges in decarbonising due to technological advancement and growth objectives, potentially leading to large amounts of offsetting rather than emission reductions. Businesses must adapt and find feasible decarbonisation pathways to contribute to climate goals.

August 14, 2024
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