A global scale
The EU, the UK, China and Japan all unveiled targets last year to achieve carbon neutrality. Joe Biden has promised to rejoin the Paris agreement on climate change as soon as he is sworn in as US president. ESG, once a fad, has become a core investment theme. Electric car maker Tesla is now worth more than the nine biggest global car manufacturers combined.
This collection of articles includes a piece on aircraft emissions validating optimism that the battle to contain global warming can be won. Thanks to technological advances and greater use of renewable energy, aircraft are set to use much less fuel by mid-century. But another important contributor to sustainable air travel will be well-designed carbon taxes or emissions trading schemes that make us consider the alternatives to flying and, crucially, incentivise airlines and manufacturers to raise fuel efficiency.