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

Ryman and Tower lift NZ sharemarket, but ends lower
Markets Market Close

Ryman and Tower lift NZ sharemarket, but ends lower

The S&P/NZX 50 Index closed down 0.96% or 129.811 points at 13,432.20.

Tom Raynel 27 Nov 2025
Airports, Jetstar bite back at Air NZ subsidy claim
Markets

Airports, Jetstar bite back at Air NZ subsidy claim

Air NZ is effectively saying 'get what you're given', says Auckland Airport.

Pattrick Smellie 27 Nov 2025
Harvey Norman NZ sales up 10%
Markets

Harvey Norman NZ sales up 10%

New Zealand's weak dollar partially offset overseas gains, the company said.

John Anthony 27 Nov 2025
91% of Tower’s new house policies are low flood risk
Markets

91% of Tower’s new house policies are low flood risk

Shareholders will get an increased dividend on top of a $45m capital return.