LATAM Will Ditch Single Use Plastics By 2023 And Landfill Waste In 2027
3 minute read
Today, LATAM Airlines Group embarked on a sustainability program that will last the next three decades. The goal is for LATAM to ditch single-use plastics by 2023, stop landfill waste by 2027, and become carbon neutral by 2050. They’re following the pledges other airlines worldwide have made.
LATAM is ditching single-use plastics by 2023. Photo: LATAM Airlines Group
LATAM’s role on Latin American sustainability
Roberto Alvo, LATAM’s CEO, said today that the airline has a crucial role in helping the environment in South America. After all, LATAM Airlines Group is the largest carrier in Latin America. It has domestic branches in countries like Chile, Brazil, Colombia, Ecuador, and Peru.
Shipping Emission Rules to Gradually Tighten, Weakening Profits
Global shipping emission regulations are set to tighten, albeit slowly, requiring investment in new vessels powered by alternative fuels and increasing operating costs, Fitch Ratings says. This will put additional pressure on the profits and cash flows of companies in the competitive and volatile industry.
In April 2018, the International Maritime Organization (IMO), a UN agency responsible for regulating the shipping industry, set out its initial strategy to reduce ships’ greenhouse gases (GHG) emissions by at least 50% by 2050, while reducing their carbon intensity by at least 40% by 2030 and 70% by 2050 (compared to 2008 levels). While this decarbonisation plan is not yet legally binding for shippers, we expect more specific and mandatory regulations before 2030. Given that vessels have a useful economic life of 20-30 years, the target year of 2050 is only one ship lifetime away.
International airlines can now meet carbon neutral growth targets with ICAO s CORSIA-approved Global Carbon Council einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
The project, entitled
Développement et optimisation d’un design conceptuel d’usine de conversion de CO2 en carburants propres d aviation (unofficial translation: development and optimization of a conceptual design for a plant to convert carbon dioxide into clean aviation fuels) is led by Polytechnique Montréal’s Associate Professor Daria Camilla Boffito’s Engineering Process Intensification and Catalysis Research Laboratory – EPIC group, in partnership with the SAF+ Consortium, CCG Climat, and the Québec Centre for Chemical Process Studies CÉPROCQ (Collège de Maisonneuve). This R&D program will position Québec at the forefront of carbon use technologies in the aviation and fuel industries.
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.
While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller said it had completely offset that impact by purchasing carbon credits under a U.N.-sponsored program called CORSIA.
Carbon credits are financial instruments generated by projects that reduce or avert greenhouse-gas emissions such as mass tree plantings or solar power farms. The projects’ owners can sell the credits to polluting companies, who then use them to make claims of offsetting their carbon emissions.