Cross-border rules on aviation emissions give airlines an easy ride

Cross-border rules on aviation emissions give airlines an easy ride
Air New Zealand has a net zero emissions target for 2050. (Image: Supplied)
Greg Hurrell
The world’s aviation industry has committed to net-zero aircraft emissions by 2050, but the one existing cross-border agreement only aims to stop them from rising any further.Aviation accounts for 2% of global emissions and 12% of transport emissions. However, international flights fall outside most countries’ carbon accounting, such as New Zealand’s emissions trading scheme (ETS).In 2021, the International Civil Aviation Organisation (ICAO) adopted a long-term aspirational goal for aviation, which committed airlines to r...

More Markets

The pros and cons of Sky’s big deal
Markets

Eden Bradfield: The pros and cons of Sky’s big deal

You'd best hope streaming and advertising revenue make up for the $1 purchase.

Infratil and Ebos help drive NZ stocks higher
Markets Market Close

Infratil and Ebos help drive NZ stocks higher

Infrastructure investor helped the sharemarket end the week on a positive note.

Tom Raynel 25 Jul 2025
Bathurst fails to strike-out Talley's claims
Markets

Bathurst fails to strike-out Talley's claims

Talley's is alleging Companies Act breaches by its coal JV partner.

Pattrick Smellie 25 Jul 2025
New CFO for KMD Brands
Markets

New CFO for KMD Brands

Carla Webb-Sear has been appointed group chief financial officer for KMD Brands.She will join the group executive team on Aug 4 and report to Brent Scrimshaw, group chief executive and managing director.She joins KMD Brands from Qantas, where she was chief financial and strategy...

Staff reporters 25 Jul 2025