Govt pours $30m into sustainable aviation fuel industry
The federal government is providing $30 million via its renewable investment agency ARENA to boost the sustainable aviation fuel industry.
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The federal government is providing $30 million via its renewable investment agency ARENA to boost the sustainable aviation fuel industry.
The UK government through the Aerospace Technology Institute (ATI) Programme plans to invest £218m to support ten new projects in green aerospace technologies led by major companies like Airbus and Rolls-Royce, with the aim of creating high-skilled jobs, developing new green innovative landing gear, lowering carbon, and promoting more efficient aircraft wings, engines, and sensors. The initiative is set to help secure an additional £20bn of private investment in the UK aerospace sector and support more than 100,000 jobs toward achieving net-zero air travel by 2050.
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A growing body of legislation, largely driven by the European Union, is compelling companies to account for and reduce their greenhouse gas emission-producing activities, including business travel.