Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

UK says: wants to be first with carbon zero Atlantic commercial plane

Published 07/02/2020, 05:42 AM
Updated 07/02/2020, 05:45 AM
© Reuters. UK government daily briefing on coronavirus updates

LONDON (Reuters) - The United Kingdom wants to be the first to develop a commercial jet plane to fly across the Atlantic Ocean without any carbon emissions, Transport Secretary Grant Shapps said on Thursday.

Prime Minister Boris Johnson surprised some in the aviation sector on Tuesday when he promised the United Kingdom would produce the world’s first zero emission long haul passenger plane.

"We've set up the JetZero council specifically to take forward the objective of being the first country to develop a jet commercial airliner to fly zero carbon across the Atlantic," Shapps told the British parliament.

"That will involve not just investment in sustainable aviation fuels, of which money has already been invested... but also work on electric planes, hybrid planes and hydrogen planes as well," he said. "You can expect to be hearing a lot more."

France and European planemaker Airbus have spelled out goals to make the next generation of passenger jets significantly cleaner. Britain builds wings for Airbus aircraft but few in the aerospace industry expect it to develop competing commercial aircraft independently of Airbus.

A global goal to achieve net zero carbon emissions by 2050 will not be met without a huge acceleration in clean energy innovation, the International Energy Agency (IEA) said on Thursday.

© Reuters. UK government daily briefing on coronavirus updates

"As part of our mission to reach Net Zero CO2 emissions by 2050, we should set ourselves the goal now of producing the world’s first zero emission long haul passenger plane," Johnson said on Tuesday.

Latest comments

all the passengers WILL peddle like Fred Flintstone???
burning vegetable oil?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.