QANTAS Group this morning announced an interim target to reduce its carbon emissions by 25% over the next seven years, as part of a new group-wide Climate Action Plan (TD breaking news).
The initiative includes key benchmarks for the uptake of sustainable aviation fuel (SAF) and fuel efficiency, which will be critical for reaching a longer term 2050 target of zero net emissions.
A major partnership with ANZ and INPEX will see Qantas aligned with a “major integrated reforestation and carbon farming project” in WA, while the plan also sets specific waste reduction and carbon offset aspirations.
CEO Alan Joyce said with aviation being a crucial industry, particularly in a country the size of Australia, “having a clear plan to decarbonise Qantas and Jetstar so we can keep delivering these services in the decades ahead is absolutely key to our future”.
He noted that hydrogen or electric powered aircraft are some decades away, so the QF plan is focused on the technology within reach today.
Qantas has committed an initial $50 million towards establishing an Australia-based SAF industry, and today set a target of 10% SAF in fuel uptake by 2030 and approximately 60% by 2050.
The full Qantas Group Climate Action Plan is online HERE.