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

NZ sharemarket up over 1.4% for week
Markets Market Close

NZ sharemarket up over 1.4% for week

The S&P/NZX 50 Index closed at 12,287.46, down 18.33 points or 0.15%.

Graham Skellern 28 Mar 2025
Winton ordered to pay Chris Meehan’s former assistant $100k
Markets Free

Winton ordered to pay Chris Meehan’s former assistant $100k

The ERA’s determination stated that Winton had no regard for NZ employment law.

Staff reporters 28 Mar 2025
FMA swings axe as costs blow out
Markets

FMA swings axe as costs blow out

Docs reveal a bad first half of this financial year. 

Victoria Young 28 Mar 2025
Australia momentum continues for Hallenstein Glasson
Retail

Australia momentum continues for Hallenstein Glasson

Glassons' sales in Australia are up 15.8%.

Gregor Thompson 28 Mar 2025